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3.41 MB

Extraction Summary

14
People
5
Organizations
1
Locations
2
Events
2
Relationships
6
Quotes

Document Information

Type: Correspondence / letter (evidence in house oversight investigation)
File Size: 3.41 MB
Summary

A highly aggressive letter, likely from Jeffrey Epstein to Les Wexner, demanding $40 million per year to clean up Wexner's financial and estate planning 'mess.' The author insults Wexner's children ('retarded children'), criticizes his hiring decisions (specifically Joshn Castrucci and Joslin), and outlines a restructuring plan involving the sale of assets like Artspace and Regan Arts. The document references tax repatriation plans affected by 'Donald' (likely Trump) and insists on strict payment terms under threat of withdrawing services.

People (14)

Name Role Context
Jeffrey Epstein Author (Implied)
Writing to demand payment and criticize the recipient's financial management.
Les Wexner Recipient (Implied)
Target of the letter; owner of mentioned assets (Regan Arts, Artspace); father of the 'retarded children' mentioned.
Brad Employee/Associate
Needs to pay someone; author is concerned about him taking Barry's place.
Carlyn Associate
Recommended by author; accused of a 'fuck up'.
Eileen Associate
Author thought she wasn't up to the task.
Joslin Employee
Described as 'crazy'; author allegedly fired him but he stayed on; stays for a year or so.
Joshn Castrucci Employee
Described as a 'dangerous mess' and 'waste of money and space'; author advised against hiring him.
Donald Politician (Likely Donald Trump)
Mentioned regarding 'eviscerating' reasons for a foreign funds repatriation plan.
Barry Trustee/Advisor
Incoming trustee; needs to learn org charts; author has 'great hope' in him.
Wechsler Potential Replacement
Author states it would be preferable if Wechsler was not Barry's replacement.
John Employee
To be fired ('fire john').
Tom Employee
Stays for a year or so.
Heather Employee
The only person the author believes should not be replaced.
Halperin Advisor
Someone the recipient used for 4 years; author criticized him.

Organizations (5)

Name Type Context
Artspace
To be sold ('Sell Artspace').
Regan Arts
To be shut down.
Paul Weiss
Law firm; mentioned in context of billing/professional standards ('not paul weiss').
IRS
Mentioned regarding tax reporting/filing.
SEC
Mentioned regarding reporting.

Timeline (2 events)

Future/Proposed
Estate plan refresh
Unknown
Barry Recipient
Future/Proposed
Sale of Artspace and closing of Regan Arts
Unknown

Locations (1)

Location Context
Mentioned in context of a sale ('Miami sale').

Relationships (2)

Jeffrey Epstein Advisor / Client / 'Friend' Les Wexner
Epstein demands $40m/year to fix Wexner's financial 'mess'; refers to 'your retarded children'; mentions 'our conversations'.
Jeffrey Epstein Acquaintance / Observer Donald Trump
refers to him familiarly as 'Donald' regarding tax policy.

Key Quotes (6)

"You have a bomb of colored string that your retarded children have formed"
Source
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Quote #1
"I will only work for the usual 40 million per year."
Source
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Quote #2
"Joshn castrucci... a waste of money and space."
Source
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Quote #3
"Donald's potentially eviscerating any reason for anyone to use the foreign funds repatriation plan"
Source
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Quote #4
"I expect as a friend you will understand"
Source
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Quote #5
"you CANNOT file unreviewed audited documents. . CANNOT!!!"
Source
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Quote #6

Full Extracted Text

Complete text extracted from the document (4,966 characters)

you he rarely failed to remind me in our conversations that you told him that he works for you and not for
me and that brad needs to pays him .
. Asking me who to hire , estate attny tax people etc. :
I have taken heat for years over the fact that i gave you no more than carlyns name, . no follow up
questions no interactions , not even one single question asked of me re her work. ( that was Eileen _ ) but
somehow carlyns fuck up was my doing. . when i told you that i thought Eileen wasn't up to the task, you
bellowed that i was talking out of both sides of my mouth. . You told me this year , that by trying to protect
you from crazy joslin, I had in essence fired him and it was my responsibility to do his work. it then turns out
that he didn't consider himself fired at all he just received less money. and continued to make a really
dangerous mess. . Joshn castrucci, in your eyes , was also my doing , though email after email said , I take no
responsibility for him,and iYOU SHOULD NOT HIRE HIM .!!! , , your response was that was my opinion
was only because i didn't trust him. then to add insult to injury last jan you told me he was gone. however he
too is still there, and a waste of money and space.
My time is complicated by Donald's potentially eviscerating any reason for anyone to use the foreign
funds repatriation plan that i had put together. . however as you are aware I have some decisions to make re
my time allocation in the next year or two. so at least for a few weeks I am unable to commit much time and
make any future plans to guide you in the redoing of your procrastination produced mess.
That being said , the tasks at hand are the following.
You have a bomb of colored string that your retarded children have formed , It has to be very carefully
unwound , even the substitution of Barry for your next trustee, needs a careful focus on procedure.s It would
be much preferable if Wechsler was not his replacement. do you have any person you trust ??! . I am
concerned re brad taking barrys place re XXXX. In the beginning Barry will need to find and learn
ACCURATE . org charts. books , balance sheets . trust valuations. are all a part. Barry will need 2 months
to just get his arm around what is there , this is before any needed modifications.,
a way overdue re- fresh of your estate plan . . clats , trust. partnerships. grats. llcs. bank accounts , filing
requirements. etc. the long awaited review of the brh tra and shareholders agreement to see how they fit into
new plan. . " XXXXX" planning. art partnership engagement .. , airplane re-do. , buying another. . ? boat
sale , Miami sale. . TRADING ACCOUNTS. . three years over due. . an accounting system. fire john
.. joslin stays for a year. or so. so does tom and . except for heather everyone should be replaced with
new. . Sell Artspace and shut down regan arts. . rationalize. cash flow reporting. cash mgmt. stock
sales. sec irs. gaming. foreign reporting. the 8865 mess will take months to review now . . you
CANNOT file unreviewed audited documents. . CANNOT!!! this will be very detailed work. . a self
inflicted wound - all avoidable if professionals had been in place to limit . or contain it. . . you will need
3 new hires .a s there is no one in your office that is truly an A player. I have great hope in Barry as you
know. He will need to be trained. note
; One year is my guesstimate After 4 years of telling you , that you could do better than Halperin, : im glad
that you now are willing to follow barrys advice . I take no offense , in fact I take comfort in the fact that after
only one conversation with Barry you are now convinced to make that change . will take a year or more.
I expect as a friend you will understand that
I will no longer , not even for one day , work on your affairs . without the compensation that is long
overdue. . your unilateral idea of after care , not imposed on any other professional , except me, not paul
weiss ,( caesars alone , a direct screw up on their part ) tom, akin, , no one. needs to end. . you and I had
previously agreed no more of that , and this after you decided not to pay me per our agreement. to be fair I can
not say im surprised as you have email after email , stating that , if you save a great deal of money, you
wont want to pay , so limit it to 40m per year. - water under the bridge
If I can find the time to work , on your project , which is not by any means certain as I have said , I hope
you understand that it now will have to be under my standard terms and conditions. and well documented so as
to avoid any more of the he said she said. I never want to have any more uncomfortable money moments with
you , I find it very distasteful. . so to be clear , my terms are as follows . I will only work for the usual 40
million per year. It needs to be paid, 25 million upon signing an agreement . 5 million every 2 months
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