HOUSE_OVERSIGHT_023342.jpg

3.26 MB

Extraction Summary

12
People
5
Organizations
1
Locations
3
Events
3
Relationships
5
Quotes

Document Information

Type: Email/correspondence
File Size: 3.26 MB
Summary

This document is a highly aggressive correspondence (likely from Jeffrey Epstein to Leon Black) appearing to be a printed email or draft. The sender critiques the recipient's family office management, referring to it as a 'bomb of colored string' created by 'retarded children,' and demands a fee of $40 million per year to fix the estate, tax, and organizational issues. The text outlines specific staffing changes (firing John, retaining Joslin/Tom temporarily), asset sales (Artspace, Regan Arts), and strict payment terms involving upfront millions.

People (12)

Name Role Context
Leon Recipient
Addressed as 'Leon', presumably Leon Black based on context of Artspace/Regan Arts and Melanie Spinella.
Jeffrey Epstein Sender (Implied)
Author of the email demanding fees and giving tax/estate advice. Context matches known Epstein-Black correspondence.
Barry Proposed Trustee/Advisor
Someone the sender endorses to take over; needs training.
Melanie Spinella Recipient (Email Header)
Listed in the 'To' line, likely an assistant to Leon.
Wechsler Associate
Sender prefers he not be a replacement.
Brad Associate
Sender concerned about him taking Barry's place.
John Employee
To be fired.
Joslin Employee
To stay for a year or so.
Tom Employee
To stay for a year or so.
Heather Employee
The only person who should not be replaced.
Halperin Previous Advisor
Sender claims Leon could do better than him.
Alan Associate
Given directions to edit an IRS response.

Organizations (5)

Name Type Context
Artspace
Asset to be sold.
Regan Arts
Entity to be shut down.
Paul Weiss
Law firm, criticized for a 'screw up' regarding Caesars.
IRS
Subject of a response letter being drafted.
House Oversight
Document source/Bates stamp authority.

Timeline (3 events)

Unknown
Boat sale
N/A
Unknown
Miami sale
Miami
Unknown
IRS Response drafting
N/A

Locations (1)

Location Context
Location of a sale mentioned.

Relationships (3)

Sender (Epstein) Advisor/Client Leon
Sender demands fees for managing Leon's estate and tax affairs; speaks familiarly but aggressively.
Sender (Epstein) Professional/Endorsement Barry
Sender has 'great hope' in Barry and wants him to replace current trustees.
Sender (Epstein) Professional rival Halperin
Sender says Leon 'could do better than Halperin'.

Key Quotes (5)

"You have a bomb of colored string that your retarded children have formed"
Source
HOUSE_OVERSIGHT_023342.jpg
Quote #1
"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
HOUSE_OVERSIGHT_023342.jpg
Quote #2
"I will only work for the usual 40 million per year."
Source
HOUSE_OVERSIGHT_023342.jpg
Quote #3
"If you want me to work this year until Jan 15 , it will be 10 million. paid upfront."
Source
HOUSE_OVERSIGHT_023342.jpg
Quote #4
"you told me last week that the emotional reason was in order to be weaned off my group and not have to pay my high fees."
Source
HOUSE_OVERSIGHT_023342.jpg
Quote #5

Full Extracted Text

Complete text extracted from the document (4,845 characters)

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 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.
her the last two places. ?
To: Melanie Spinella [REDACTED]
Leon please read the attached proposed response to the IRS , see if you can understand it !!!. Ive asked for a re-do. and given prelimiary directions to Alan to have it edited over the weekend
. If you are quarterbacking ,ok with me. just please let everyone know. you must deal with the outrageous incompetence in your family office .. Alans words " but I was told that.. , but I was told by the office (sic) that ... , BUT i was told by joslin,. , but I was told by . " why is leon blaming me for .." . I ve have always given you my best advice, If you reflect on your financial life , you have been kept safe , had remarkable results and no disasters. I have repeatedly urged you to get rid of the people in your office. , you have repeatedly chosen to ignore my advice , you told me last week that the emotional reason was in order to be weaned off my group and not have to pay my high fees. ( though ignoring the benefit of between 1.5
HOUSE_OVERSIGHT_023342

Discussion 0

Sign in to join the discussion

No comments yet

Be the first to share your thoughts on this epstein document