HOUSE_OVERSIGHT_023245.jpg

2.9 MB

Extraction Summary

10
People
6
Organizations
1
Locations
1
Events
2
Relationships
7
Quotes

Document Information

Type: Email printout / draft of demand letter
File Size: 2.9 MB
Summary

An email sent to Melanie Spinella, containing the text of a demand letter originally dated Jan 29, 2016. The text, likely written by Jeffrey Epstein to a wealthy associate (suspected to be Leon Black), demands $40 million per year for estate and tax planning services. It outlines a specific payment schedule ($25M upfront), mandates the restructuring of the recipient's family office, including firing specific staff ('fire john') and shutting down entities like 'Regan Arts' and 'Artspace', while criticizing the performance of the current CEO, Brad.

People (10)

Name Role Context
Melanie Spinella Recipient
Recipient of the email containing the draft text.
Barry Trustee/Advisor
Proposed replacement trustee; needs training; writer has hope in him.
Wechsler Potential Trustee
Writer prefers he is not the replacement.
Brad CEO
Described as 'your ceo', accused of providing bad results; writer concerned about him taking Barry's place.
John Employee
Instruction to 'fire john'.
Joslin Employee
Stays for a year or so.
Tom Employee
Stays (implied).
Akin Employee
Mentioned in list of people.
Heather Employee
Exception to the rule that everyone should be replaced.
Halperin Advisor/Professional
Comparison point; writer told recipient they could do better than him.

Organizations (6)

Name Type Context
Artspace
Instruction to 'Sell Artspace'.
Regan Arts
Instruction to 'shut down regan arts'.
Paul Weiss
Law firm; mentioned negatively ('direct screw up') regarding Caesars.
Caesars
Mentioned in relation to a screw up by Paul Weiss.
IRS
Listed under reporting requirements.
SEC
Listed under reporting requirements.

Timeline (1 events)

Jan 29th 2016
Date the core text of the message was originally sent to the principal.
Unknown

Locations (1)

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

Relationships (2)

Writer (likely Jeffrey Epstein) Financial/Advisory Recipient (likely Leon Black)
Writer demands $40M/year for tax and estate planning; refers to 'multi billion dollar responsibility' and 'your office'.
Brad Employment Recipient
Referred to as 'your ceo (Brad)'.

Key Quotes (7)

"I will only work for the usual 40 million per year."
Source
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Quote #1
"fire john .. joslin stays for a year. or so. so does tom and . except for heather everyone should be replaced with new."
Source
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Quote #2
"Sell Artspace and shut down regan arts."
Source
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Quote #3
"Your office is a multi billion dollar responsibility."
Source
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Quote #4
"you decided not to pay me per our agreement."
Source
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Quote #5
"no agreement - no work."
Source
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Quote #6
"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."
Source
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Quote #7

Full Extracted Text

Complete text extracted from the document (4,128 characters)

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 thereafter for 6 months ie march may june . this can begin if i
am able in January. I will immediately stop work , if the payment is not received. If you want me to
work this year until Jan 15 , it will be 10 million. paid upfront. after one year you will be left with a
new estate plan a running office. staffed with professionals overseen by Barry. ( hallelujah ) a tax plan .
and an investment that returns more than any painting you could possible own. . no agreement - no
work. however - I of course will talk to Barry for the hour that i promised , and take your guidance as
to what I should say.
Date: Mon, Aug 29, 2016 at 1:41 PM
Subject: I know you have a lot on your mind.but..
To: Melanie Spinella <[REDACTED]>
sent to you JAN 29th 2016
you've agreed that
Your office is a multi billion dollar responsibility. your children will inherit it , in order to oversee their
financial lives- I feel for you, truly ,but the facts are the facts, your ceo ( Brad) has provided one bad
HOUSE_OVERSIGHT_023245

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