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2.9 MB

Extraction Summary

16
People
3
Organizations
1
Locations
1
Events
2
Relationships
6
Quotes

Document Information

Type: Email correspondence / action plan
File Size: 2.9 MB
Summary

This document is a highly critical email from October 2015, ostensibly from Jeffrey Epstein to a high-net-worth individual (contextually Leon Black), sent via Melanie Spinella. The sender lambasts the recipient's CEO, 'Brad,' for gross incompetence, financial errors, and lack of documentation regarding planes and deals. The email outlines a 'mutual goal' to end their business relationship but disputes the final payments, citing a '37 percent' agreement, and concludes with a punch-list of action items including firing specific staff (Ada, Eva, Castrucci), restructuring assets (plane, boat, Phaidon), and revising estate plans.

People (16)

Name Role Context
Jeffrey Epstein Sender (Implied)
Author of the email (based on tone and context of '37 percent' fee and advisory role) criticizing the recipient's off...
Melanie Spinella Recipient (Direct)
Listed in the 'To' field; likely an assistant or intermediary for the intended principal recipient.
Leon Black Intended Recipient (Implied)
Contextual clues (Phaidon ownership, Artspace, Brad Karp connection, multi-billion responsibility) strongly suggest t...
Brad CEO
CEO of the recipient's family office/business; heavily criticized by the sender for incompetence, bad documentation, ...
Barry Cohen Associate
Praised by the sender ('Barry Cohen is great. more like him please').
Tom Employee/Associate
Was not brought in on deals despite sender's reminders.
Richard Associate
Sender suggests the recipient 'Talk to richard yourself'.
Alan Advisor/Lawyer
Assumed to have walked the recipient through 'tenants in common structure' regarding the estate/will.
Castrucci Employee
Hired against sender's advice; sender demands he goes 'asap'.
Brad Karp Lawyer
Mentioned regarding payment discussions ('telling me that you and Brad Karp talked').
Ada Staff
Marked to be fired ('ada goes').
Heather Paralegal
To be hired.
Joslin Staff
Marked to go or be closely managed.
Eva Staff
Marked to be fired ('eva goes').
Regan Associate/Family Member
Mentioned in list of items to decide on.
Ben Family Member (Implied)
Mentioned in context of 'bens house'.

Organizations (3)

Name Type Context
Phaidon
Publisher; mentioned regarding 'phaidon sale' and ignoring agreements regarding it.
Artspace
Mentioned regarding 'decide on artspace survivability'.
BRH TRA
Likely a trading entity or trust; mentioned as 're thinks'.

Timeline (1 events)

October 14, 2015
Docs for deal 1 received last night.

Locations (1)

Location Context
Mentioned under children accounting.

Relationships (2)

Jeffrey Epstein Financial Advisory / Business Leon Black
References to 'multi billion dollar responsibility', 'our agreement re, phaidon', and '37 percent was our number'.
Jeffrey Epstein Adversarial Brad (CEO)
Sender calls Brad a 'c minus', 'ludicrous', and complains about his work repeatedly.

Key Quotes (6)

"your office is a multi billion dollar responsibility."
Source
HOUSE_OVERSIGHT_023313.jpg
Quote #1
"your ceo ( Brad) has provided one bad document after another for over a year"
Source
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Quote #2
"the simple answer is that at best, he is a c minus"
Source
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Quote #3
"37 percent was our number"
Source
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Quote #4
"castrucii goes asap.as he merely adds to mess."
Source
HOUSE_OVERSIGHT_023313.jpg
Quote #5
"being weaned of our biz /pay realtionship has been our mutual goal."
Source
HOUSE_OVERSIGHT_023313.jpg
Quote #6

Full Extracted Text

Complete text extracted from the document (4,222 characters)

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 document after another for over a year , no getting away from it, , bad cash flows no new IT, each time with " its gettting better " no in fact -! its not. - the excuse, that Brad is not the numbers guy, is ludicrous. of course he didnt actually prepare the statements. - no ceo would ,- but over and over he presented them to you and me , after , holding them back for his personal review multiple times and after multiple drafts. weeks of his editing, the consistant but "inexplicable "missing the obvious serious errors . ( gaming ) inaccuracies, ( cashflow ) and mistakes (tax returns). why, ?! the simple answer is that at best, he is a c minus, (note. I, like you ,also give points for effort. )- ! an elegant art partnership gone fallow. ??!!I and its core reason to exist. not used ? no docs for plane?, still ! why? no docs for decantings why? the docs for deal 1 received last night , " no docs at all for deal 2, the biggest " . why wasn't Tom brought in , after 4 times of my incessant reminders i spoke to him , he knows little of either transaction except for over view. never saw pahidon anything except projections until yesterday ? ?and this after your clear admonition etc. re the trading accounts no activity, at all,
Barry Cohen is great. more like him please .
you asked , - I did my best trying to train your brad chosen people in the face of my telling you that they were never going to be more than c-minuses, thousands of emails thousands ? Brad at its head . you can't as a ceo, have an accountant give you multiple pages with the most important numbers missing altogether and not notice, you and I saw the errrors right away ,as did my very junior bookeeper after only a cursory glance. He told me he didnt know the details of his note? ! , my guess is that he wanted to pay less. no more than that, any other story is blather. its silly. Talk to richard yourself.
re your estate. Yes another Brad issue - your will, needs revision. the tenants in common structure I assume Alan has carefully walked you through. it is way overdue, needed and exciting. I won't list the more serious issues in an email but we can speak over the weekend.
How can I help? We agreed at the time when you hired Castrucci , that when you fired him, I would bear no responsibility because it was clear that he shouldnt be hired. brad and you both said ," its on us", but... the equivalent of your art consultant pointing to a picasso and calling it a renoir. then a brancusi and calling it a michaelangelo. those were the types of erros that i saw immediatily, you said give them more time. at least they saw it was a painting and not a photo?
being weaned of our biz /pay realtionship has been our mutual goal. However since novemebr, you chose to do so by ignoring' our agreement re, phaidon,and your oft stated commitment to me of large payments for large value, ( 37 percent was our number ). chose to pay me a number picked by what appears to be only by whim,- have yet to justify it except for telling me that you and Brad Karp talked.. .
What should we do? the next two years in biz world appears to both you and I , very fragile. Im happy to have brad sit in ?
Date: Thu, Oct 15, 2015 at 10:38 PM
Subject:
To: Melanie Spinella
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
HOUSE_OVERSIGHT_023313

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