HOUSE_OVERSIGHT_023283.jpg

2.69 MB

Extraction Summary

14
People
6
Organizations
2
Locations
1
Events
3
Relationships
6
Quotes

Document Information

Type: Email correspondence / proposal draft
File Size: 2.69 MB
Summary

This document contains email correspondence from October 2015, likely from Jeffrey Epstein to Melanie Spinella (assistant to Leon Black), proposing a massive financial arrangement ('total approx 120' likely million) for consulting services. The emails detail aggressive restructuring plans for a 'family office,' including firing specific staff, tax avoidance strategies involving trusts, and critiques of the current IT and management. The sender complains about receiving only $2 million personally while having paid $8 million to his own staff, and suggests non-cash payments could be considered.

People (14)

Name Role Context
Melanie Spinella Recipient
Received the emails; likely an assistant to the principal (Leon Black) being addressed.
Ada Employee
To be fired ("ada goes")
Heather Paralegal
To be hired or kept ("hire heather a paralegal", "keep heather")
Joslin Employee/Financial
To go or be closely managed; suggested to be replaced by a tax partner.
Castrucii Employee
To go ASAP ("adds to mess")
Eva Employee
To go ("eva goes")
Regan Unknown
Mentioned in context of artspace survivability.
Ben Family member/Child
Mentioned regarding "bens house" and children accounting.
Gigi Family member/Beneficiary
Mentioned in context of "paper gigi ( E )trust to avoid gift tax".
Brad Trustee/Manager
Performance rating moved from D- to C-; suggested to move to trustee role.
Richard Trustee
Brad suggested as his replacement.
Barry Cohen Potential Trustee
Described as "perfect but carries the trustee taint now."
Samantha Employee
To be kept (spelled "ssmantha").
Jeffrey Epstein Sender (Implied)
The author makes demands for millions, discusses Apollo stock, and offers restructuring advice typical of Epstein's r...

Organizations (6)

Name Type Context
Apollo
Stock mentioned ("apollo stock could be sold").
Phaidon
Sale mentioned.
Artspace
Survivability to be decided.
Jet Aviation
Mentioned in context of "redone jet aviation redo".
BRH TRA
Mentioned as "re thinks".
House Oversight Committee
Source of document (Footer stamp).

Timeline (1 events)

Dec 2013
Suggestion made by sender to start from scratch.
Unknown
Sender Recipient's Boss (Implied)

Locations (2)

Location Context
Related to children accounting.
Mentioned regarding lighting contractor and IT.

Relationships (3)

Sender (Likely Epstein) Financial Advisor / Consultant Recipient's Boss (Likely Leon Black)
Sender proposes fees of 120 million, restructures family office, discusses Apollo stock, and critiques staff performance.
Melanie Spinella Intermediary Sender
Melanie receives the emails intended for the principal decision maker.
Brad Colleagues/Trustees Richard
Brad suggested to replace Richard as trustee.

Key Quotes (6)

"can consider interests other than cash as payment. ?"
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #1
"your lighting contractor in your new townhouse has better IT than your multi billlion dollar antique opersation."
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #2
"what you thought was ultimately fair was the contribution of 5 million to a foundation and a total of 2 million dollars to me."
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #3
"barry cohen would be perfect but carries the trustee taint now."
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #4
"Im open to suggestions total approx 120 for new workover 3 years"
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #5
"Your office is the heart of the familys financial life and temp future, it needs a heart operation"
Source
HOUSE_OVERSIGHT_023283.jpg
Quote #6

Full Extracted Text

Complete text extracted from the document (3,834 characters)

2 .to engage the second phase if you so choose , and considering there is only 8 more to be paid this
year in oct , for the job now almost completed, total of 23. that was agreed only for history fix.
3. with the necessary proprietary protections , proposal is for first year only an additional 17 . making it 40
, but full year balance on signing , ie 25. takes care of 2013
4 , moving forward , 40 per year ,( approx 1 percent ) for three years, to be credited against an agreed
formula. Im open to suggestions total approx 120 for new workover 3 years , benefits to you over the
next 20.
5 , can consider interests other than cash as payment. ?
6. need to speak re , bankers, valuations, mechanics and their continued importance.
Date: Fri, Oct 16, 2015 at 4:38 AM
Subject:
To: Melanie Spinella <[Redacted]>
Office, - ada goes. , hire heather a paralegal . Joslin goes or is closely managed by new cfo with tax
experience. . castrucii goes asap.as he merely adds to mess.( too many people , ex 7 people or more to
pay a bill ) eva goes. outsource as much as possible. . bookkeeping systems built from scratch,
airplane restructure, boat . same, new grats. phaidon sale , decide on artspace survivability, regan, . do
the kids really want these? , children accounting ie bens house.etc. re do estate for new facts. redo
loans, trading accounts activity, . gaming -foreign- disclosures. . BRH TRA re thinks . household and
construction architects. . redone. art partnership , choice of paintings. . re do structure of consultants.
tax re family office. . decide if investments are a realistic option in the next three years.. insurance.
operations. airplane , etc. . art foundation , private . max charity contributions. financial reports. still
waiting. ? on line banking, . tax planning, family office deductions ( profit center ) . airplane certificate,
redone jet aviation redo. . paper gigi ( E )trust to avoid gift tax. .
today is Oct 15
With your full knowledge I paid out 8 mil to my staff before june, . so i guess I can safely assume that
after consideration of all the things I did for the entire past year separate and apart from your unique free
"after care" concept. , what you thought was ultimately fair was the contribution of 5 million to a
foundation and a total of 2 million dollars to me.
Date: Fri, Oct 16, 2015 at 1:08 PM
Subject:
To: Melanie Spinella <[Redacted]>
I think you should consider the fact that your family office will be the most central component of what you
leave to your children , wife heirs. it is the core of your assets. your art might be sold. your houses may
lie empty, the apollo stock could be sold. you will pass on your office , . it will be the primary player in
your estate tax. probate, transition. Brad has taken it from a D minus to a C minus, If I were you I
would set the goal of an A. just like your paintings. . Like a house you could attempt to renovate it. it
will take more time and money . or . in essence as I suggested in dec of 13, start from scratch. A
financail head of office. - brad could move to being richards replacment as trustee. . barry cohen would
be perfect but carries the trustee taint now. . take a tax partner from a major firm. to replace joslin,
cost 1 + mil . keep heather and ssmantha. . bring in full time IT person. ASAP . your lighting
contractor in your new townhouse has better IT than your multi billlion dollar antique opersation. data
breaches are not your concern. precision is. . either re do the office layout . or get enterly new space.
the proposals to focus on following on a monthly basis the values of all your current investments is an
example of misplaced prioirties. . Your office is the heart of the familys financial life and temp future,
it needs a heart operation
Date: Mon, Oct 19, 2015 at 5:10 PM
HOUSE_OVERSIGHT_023283

Discussion 0

Sign in to join the discussion

No comments yet

Be the first to share your thoughts on this epstein document