HOUSE_OVERSIGHT_023306.jpg

3.2 MB

Extraction Summary

10
People
6
Organizations
1
Locations
2
Events
3
Relationships
6
Quotes

Document Information

Type: Email draft / correspondence
File Size: 3.2 MB
Summary

This document appears to be a draft email or letter from Jeffrey Epstein (implied) to a wealthy client (likely Les Wexner), expressing grievance over a $20 million payment which he deems insufficient. The sender details extensive financial services provided, including recovering millions in dormant funds, reorganizing contracts (Phaidon, Gagosian), and managing tax liabilities, while criticizing other advisors like Brad Karp and Alan. The text includes a list of aggressive questions the client should ask their current team regarding the mismanagement of assets like Regan Arts and BRH.

People (10)

Name Role Context
Sender (I) Advisor / Consultant
Likely Jeffrey Epstein. Claims to have managed finances, found lost money, and reorganized assets. Complaining about ...
Recipient (You) Client / Friend
Likely Les Wexner (based on entities mentioned). Wealthy individual receiving financial services.
Brad Karp Lawyer / Negotiator
Involved in fee negotiations; Sender claims Brad did not know of prior agreements.
Alan Associate
Accused by sender of never proposing a unique idea in three years.
Eileen Staff / Associate
Sender claims to have found '4 million dollars in eileens drawer'.
John Murphy Employee
Mentioned in relation to Phaidon cash flows; sender states he 'is not an accountant'.
Ada Employee / Associate
Stopped by sender from including things not in the client's interest.
Wechsler Advisor / Team Member
Sender suggests asking him what 'BRH' is.
Haperin Advisor / Team Member
Sender suggests asking him to describe 'BRH' or how transactions work.
Bronstein Advisor
Sender suggests asking him why the Phaidon transaction does not work.

Organizations (6)

Name Type Context
Phaidon
Publishing company. Sender mentions cash flows and a proposed transaction.
Gagosian
Art gallery. Sender claims to have 'redid your gagosian contract'.
Regan Arts
Publishing. Sender challenges the team to provide a balance sheet for it.
Bank of Scotland
Financial institution. Sender found 'fbar problems'.
BRH
Business entity. Described as 'the major asset of his two biggest clients'.
House Oversight Committee
Source of the document (Footer).

Timeline (2 events)

Since last Nov
Financial cleanup / Audit
Recipient's accounts
Sender
Unknown
Proposed meeting
Unknown
Sender Recipient Brad Karp

Locations (1)

Location Context
Document focuses on financial locations (accounts) rather than physical geography.

Relationships (3)

Sender (Epstein) Financial Advisor / Friend Recipient (Wexner)
Sender claims acts were done 'out of friendship' but discusses specific financial compensation and services.
Sender Adversarial / Professional Brad Karp
Disagreement over payment amounts; Sender claims Brad was unaware of agreements.
Recipient Employer / Employee Eileen
Money found in her drawer belonging to Recipient's operations.

Key Quotes (6)

"I believe the decision re paying only 20 m has frankly left me felling quite uneasy."
Source
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Quote #1
"i found 11 million dollars in dormant accounts. 4 million dollars in eileens drawer."
Source
HOUSE_OVERSIGHT_023306.jpg
Quote #2
"not one-,not -one time in three years has he ever proposed a unique idea."
Source
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Quote #3
"redid your gagosian contract"
Source
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Quote #4
"organized structure in case of divorce."
Source
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Quote #5
"the transactions that i decvised were used , our agreement was ignored."
Source
HOUSE_OVERSIGHT_023306.jpg
Quote #6

Full Extracted Text

Complete text extracted from the document (4,590 characters)

forthcoming ) in order to make my many corrections . I was then told that Alans involvement warranted a discount . Even in the best of light , though it is beyond question that not one-,not -one time in three years has he ever proposed a unique idea. (including the new tenant in common idea,) and lets say he made a contribution to the plan andeven that it was 50 %. though no one could posit such a large amount unless they were wearing a brightly colored clown suit. , the price of doing the deal was known . It had both sent in writing and spoken about on the phone numerous times , a detailed execution plan was provided . then and only then after all was laid out for the group I was told that after a number of conversations with brad karp that only 20m would be paid , (and even that was more than originally contemplated ) for both transactions . I feel It was remarkably unfair. Did brad even know of our prior agreement.? I called him and he said he was never told.?, I would ask that you I and Brad karp sit together if you think it would be helpful. . I would like to send him this email, with your consent of course. If the transactions were never consummated , i would not be owed a dime, however , the price was known up front. , the detailed step by step plan was followed and overseen by me, the price that had been requested before the transaction was begun, and had lready heavily discounted, out of friendship, from our agreement . I believe the decision re paying only 20 m has frankly left me felling quite uneasy.
since you asked since last nov. i found 11 million dollars in dormant accounts. 4 million dollars in eileens drawer. . went through cash flows for phaidon shwoing that john murphy is not an accountant. redid your gagosian contract , . organized structure in case of divorce. set up gift trust. stopped ada from including multiple times things not in your interest. dealt with bad sales tax use tax income tax . created 8 millino in deductions ,500k in mistakes , found bank of scotland fbar problems, . . reorg bad art purchases , funds taken, , charibale decustions , helped with fincnacil sttment gamoing commions fling. . boat deductions, rescued stock from grats. . may 1 after months of brad not finding anyone i sent an email saying you would have to pay more. . on april 15. I sent an email detailing payments owed if i could figure out the basis issue, please see attached, .
questions you might ask your team ask them to provide a balance sheet or p&l for REgan arts. . doesnt exist ask . either wechsler or haperin to tell you what brh is, or how the tra works. . . ? as bronstein to tell you why the proposed phaidon transaction DOES not work. . as them to give you a plan for the plane. ? ask them to show you the cash mgmt for over 100 million dollars. . ask them to show you the IT system progress after one year. . the approval process for payables. . the cash flow projections? assumptions? ask for a comparative review of investments. ask haperin to describle to you in any detail BRH , the major asset of his two biggest clients. tax basis, disposiotion in the estate. . etc. ask brad to show you the liquidation of the inteveing art space cos? .
Last year you asked , for my help I told you I preferred not as we would be better off having no financial intereactions. the risk was not worth it. You told me that as my friend i had to do it I agreed., here we are in what I find to be an awkward situation. the transactions that i decvised were used , our agreement was ignored. and im not sure how to respond.
--
since you asked since last nov. i found 11 million dollars in dormant accounts. 4 million dollars in eileens drawer. . went through cash flows for phaidon shwoing that john murphy is not an accountant. redid your gagosian contract , . organized structure in case of divorce. set up gift trust. stopped ada from including multiple times things not in your interest. dealt with bad sales tax use tax income tax . created 8 millino in deductions ,500k in mistakes , found bank of scotland fbar problems, . . reorg bad art purchases , funds taken, , charibale decustions , helped with fincnacil sttment gamoing commions fling. . boat deductions, rescued stock from grats. . may 1 after months of brad not finding anyone i sent an email saying you would have to pay more. . on april 15. I sent an email detailing payments owed if i could figure out the basis issue, please see attached, .
questions you might ask your team ask them to provide a balance sheet or p&l for REgan arts. . doesnt exist
HOUSE_OVERSIGHT_023306

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