HOUSE_OVERSIGHT_023298.jpg
2.79 MB
Extraction Summary
12
People
5
Organizations
3
Locations
2
Events
3
Relationships
6
Quotes
Document Information
Type:
Email chain / correspondence
File Size:
2.79 MB
Summary
This document contains a series of emails, likely between Jeffrey Epstein and associates of Leon Black (given the references to Apollo, Phaidon, and family office management). The sender provides harsh criticism of the recipient's family office management, stating it 'needs a daddy,' and suggests installing Larry Delson to take charge under the sender's supervision. The document outlines specific tasks for review including accounting, trusts (TRA, BRH), tax filings (FBAR, FATCA), and 'children meetings,' while also mentioning a financial agreement that ended months prior and an unfunded art partnership.
People (12)
| Name | Role | Context |
|---|---|---|
| Sender (Implied Jeffrey Epstein) | Advisor / Consultant |
Giving aggressive advice on family office structure, mentioning 'my organizations', and discussing financial agreements.
|
| Brad Wechsler | Recipient |
Email recipient, mentioned in body as 'brad'.
|
| Melanie Spinella | Recipient |
Email recipient.
|
| Ada Clapp | Recipient / Administrator |
Email recipient; suggested to be 'only a trust, grat administrator'.
|
| Debra | Family Member |
Mentioned regarding wills and succession.
|
| Larry Delson | Proposed Manager |
Suggested by sender to 'take charge' as a stopgap measure.
|
| Eileen | Employee |
Hired to oversee investments; sender questions her role.
|
| Rich | Controller |
Current controller, employment status discussed.
|
| Tom | Employee / Associate |
Reporting structure discussed; associated with bills over 400k.
|
| Suydam | Associate |
Mentioned regarding coordination.
|
| Kathy Gregory | Associate |
Mentioned regarding coordination.
|
| Regan | Legal/Accounting |
Mentioned in context of Apollo accounting and tax.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Apollo |
Mentioned in context of 'interaction with Apollo accounting tax'.
|
|
| Phaidon |
Mentioned in context of art space.
|
|
| House Oversight Committee |
Source of the document (footer: HOUSE_OVERSIGHT_023298).
|
|
| PW |
Mentioned as outside legal/accounting.
|
|
| McFarlands |
Mentioned as outside legal/accounting.
|
Timeline (2 events)
2014-12-28
2015-02-20
Correspondence regarding financial agreements and art partnership
Europe (Sender)
Sender
Melanie Spinella
Relationships (3)
Sender (Epstein)
→
Advisor/Friend
→
Recipient (Likely Leon Black/Family)
Refers to 'friendship obligations', 'financial agreement', and advises on family office structure.
Sender suggests Delson take charge but notes 'He would however work for me.'
Text says 'you hired her initially to oversee investments'.
Key Quotes (6)
"Your family office needs a daddy."Source
HOUSE_OVERSIGHT_023298.jpg
Quote #1
"children with good intentions are running around , sniping , nitpicking with little direction."Source
HOUSE_OVERSIGHT_023298.jpg
Quote #2
"My organizations handling of the more complex isssues I believe you might find very costly, very !"Source
HOUSE_OVERSIGHT_023298.jpg
Quote #3
"our financial agreement ended months ago . seperate from the art partnership (which i was told yesterday to my amazement is still not funded)"Source
HOUSE_OVERSIGHT_023298.jpg
Quote #4
"the word DONE will no longer be transmitted to reflect status stated by others"Source
HOUSE_OVERSIGHT_023298.jpg
Quote #5
"I am reachable this afternoon in europe."Source
HOUSE_OVERSIGHT_023298.jpg
Quote #6
Full Extracted Text
Complete text extracted from the document (3,976 characters)
purchasing support, $?? software servers. video conferencing, tax oversight.
I believe You should rapidly address trustees , gift trust, succesion, wills of debra and children, , monetization events , cash flow. etc I can of course share my experiences with you on each issue.
With regard the more pressing issue I am uncertain of just how to proceed. I am torn, as my very strong inclination is not to be involved at all . It is extremely time consuming, delicate, fraught with many pitfall many that will make you very upset and a major pain in the ass. I wrote you months ago that the quality of the people involved need to be upgraded. ( lucky for me these last issues arose way before the begining of my involvement ) I am also aware however of my overarching friendship obligations of ok, -given all the complexities who else can do it? problem.
Your family office needs a daddy. children with good intentions are running around , sniping , nitpicking with little direction. As a stopgap measure I am suggesting , we put in Larry Delson to take charge Everyone would report to him. eileen included. He would however work for me. this is not, by a long shot my first choice as I prefer only being responsible and standing behind my own personal work ( ie the word DONE will no longer be transmitted to reflect status stated by others )
With no commitment on my part whatsoever, to do it. So far as I have failed in my attempt in trying to think through the problem creatively . My organizations handling of the more complex isssues I believe you might find very costly, very ! ( however many structures available some risk sharing, maybe risk caps ,etc ) but would require my teams doing the work , not yours. Ada should be only a trust, grat administrator. not sure what role you prefer for Eileen as you hired her initially to oversee investments. whether Rich your controller stays or not, is not urgent. having Tom report to a new person,- is. coordination with Suydam Kathy gregory, I would suggest limiting to one person. The increasing public profile needs to be taken into consideration.
talk later..
I believe You should rapidly address trustees , gift trust, succesion, wills of debra and children, , monetization events , cash flow. etc I can of course share my experiences with you on each issue.
With regard the more pressing issue I am uncertain of just how to proceed. I am torn, as my very strong inclination is not to be involved at all . It is extremely time consuming, delicate, fraught with many pitfall many that will make you very upset and a major pain in the ass. I wrote you months ago that the quality of the people involved need to be upgraded. ( lucky for me these last issues arose way before the begining of my involvement ) I am also aware however of my overarching friendship obligations of ok, -given all the complexities who else can do it? problem.
Your family office needs a daddy. children with good intentions are running around , sniping , nitpicking with little direction. As a stopgap measure I am suggesting , we put in Larry Delson to take charge Everyone would report to him. eileen included. He would however work for me. this is not, by a long shot my first choice as I prefer only being responsible and standing behind my own personal work ( ie the word DONE will no longer be transmitted to reflect status stated by others )
With no commitment on my part whatsoever, to do it. So far as I have failed in my attempt in trying to think through the problem creatively . My organizations handling of the more complex isssues I believe you might find very costly, very ! ( however many structures available some risk sharing, maybe risk caps ,etc ) but would require my teams doing the work , not yours. Ada should be only a trust, grat administrator. not sure what role you prefer for Eileen as you hired her initially to oversee investments. whether Rich your controller stays or not, is not urgent. having Tom report to a new person,- is. coordination with Suydam Kathy gregory, I would suggest limiting to one person. The increasing public profile needs to be taken into consideration.
talk later..
Date: Sun, Dec 28, 2014 at 5:18 AM
Subject: jobs ahead
To: Brad Wechsler [REDACTED], Melanie Spinella [REDACTED] Ada Clapp
[REDACTED]
1. review accounting system. Book keeping softaware. staff, ( senior accountant ) methods on line banking, brokerage. cash mgmt. airplane reimbursement. boat sale. art purchases sales use and sales tax. tax filings FBAR FATCA, gaming commsion, pfics, insurance . uk co law.
2. review docs for TRA BRH grats, trusts, heritage will, insurance, art lending. medical, springing powers. two fire drill books. one needed for injury. other for death
3 review bills . boats , planes, legal, ( PW, McFarlands all outside. legal and accounting. Toms bills over 400k . house projects. south ny ben
4 cashflow projections tax projections , interaction with Apollo accounting tax, Phaidon ,art space ,and Regan. legal accounting. audit
5. children meetings , review to date and allocations
6 review all role in payables. files scanned, no paper
7 review invesmtents for tax basis and unrecognized gain
8 schedule of all hedge funds . redeemables commitments etc.
9 charities pledges strucutre, staff ,
Subject: jobs ahead
To: Brad Wechsler [REDACTED], Melanie Spinella [REDACTED] Ada Clapp
[REDACTED]
1. review accounting system. Book keeping softaware. staff, ( senior accountant ) methods on line banking, brokerage. cash mgmt. airplane reimbursement. boat sale. art purchases sales use and sales tax. tax filings FBAR FATCA, gaming commsion, pfics, insurance . uk co law.
2. review docs for TRA BRH grats, trusts, heritage will, insurance, art lending. medical, springing powers. two fire drill books. one needed for injury. other for death
3 review bills . boats , planes, legal, ( PW, McFarlands all outside. legal and accounting. Toms bills over 400k . house projects. south ny ben
4 cashflow projections tax projections , interaction with Apollo accounting tax, Phaidon ,art space ,and Regan. legal accounting. audit
5. children meetings , review to date and allocations
6 review all role in payables. files scanned, no paper
7 review invesmtents for tax basis and unrecognized gain
8 schedule of all hedge funds . redeemables commitments etc.
9 charities pledges strucutre, staff ,
Date: Fri, Feb 20, 2015 at 5:52 AM
Subject:
To: Melanie Spinella [REDACTED]
1) pg 1 A " unequal shares" . pg 23 "removal of trustees " absolute. dont be confused with abiltiy to set up seperate trusts, , 2) I am reachable this afternoon in europe. on cell. 3. on another note . -our financial agreement ended months ago . seperate from the art partnership (which i was told yesterday to my amazement is still not funded) . i am obligated to complete ? the time i have dedicated since oct/ dec has been spent mainly as your friend. tom, brad though i am fully cognizant of my responsiblities. I will try to help find people. I am not good at human resources. howevr If I don;t think they are good enough for you. I
Subject:
To: Melanie Spinella [REDACTED]
1) pg 1 A " unequal shares" . pg 23 "removal of trustees " absolute. dont be confused with abiltiy to set up seperate trusts, , 2) I am reachable this afternoon in europe. on cell. 3. on another note . -our financial agreement ended months ago . seperate from the art partnership (which i was told yesterday to my amazement is still not funded) . i am obligated to complete ? the time i have dedicated since oct/ dec has been spent mainly as your friend. tom, brad though i am fully cognizant of my responsiblities. I will try to help find people. I am not good at human resources. howevr If I don;t think they are good enough for you. I
HOUSE_OVERSIGHT_023298
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