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3.05 MB

Extraction Summary

11
People
5
Organizations
1
Locations
2
Events
3
Relationships
8
Quotes

Document Information

Type: Email / correspondence
File Size: 3.05 MB
Summary

This document is a confrontational email dated November 29, 2016, likely from Jeffrey Epstein to Leslie Wexner (implied by context of 'Artspace', 'Regan Arts', and the specific financial demands). The sender severely criticizes the recipient's financial management ('procrastination produced mess', 'bomb of colored string'), insults the recipient's children, and outlines a massive restructuring plan involving a new trustee named Barry. The sender issues an ultimatum, refusing to continue work without a contract paying $40 million annually, with $25 million due immediately upon signing.

People (11)

Name Role Context
Sender (I) Advisor/Consultant
Author of the email, demanding significant compensation ($40M/year) and restructuring of the recipient's financial af...
Recipient (You) Client/Principal
Wealthy individual with 'retarded children', complex estate issues, art, boats, and trading accounts.
Barry Incoming Trustee/Manager
To be substituted as trustee; needs 2 months to understand the finances; trusted by the sender.
Wechsler Potential Trustee
Sender advises against him being the replacement.
Brad Associate
Concern about him taking Barry's place regarding 'XXXX'.
John Employee
To be fired.
Joslin Employee
Stays for a year or so.
Tom Employee/Associate
Stays for a year or so.
Heather Employee
The only person noted as 'except for heather everyone should be replaced'.
Halperin Former Advisor?
Sender mentions telling recipient for 4 years they could do better than him.
Akin Professional/Advisor
Mentioned alongside Tom and Paul Weiss in context of professionals not treated poorly.

Organizations (5)

Name Type Context
Artspace
To be sold.
Regan Arts
To be shut down.
Paul Weiss
Law firm; mentioned in context of 'caesars alone'.
IRS
Mentioned in relation to SEC and gaming.
House Oversight Committee
Source of the document (via stamp).

Timeline (2 events)

Future (2017)
Substitution of Barry as trustee.
N/A
Barry Recipient
Past (4 years prior)
Sender telling Recipient they could do better than Halperin.
N/A
Sender Recipient Halperin

Locations (1)

Location Context
Reference to 'Miami sale'.

Relationships (3)

Sender Advisor/Client (Strained) Recipient
Demands for payment, insults ('retarded children'), ultimatums regarding work.
Recipient Trustee/Advisor Barry
Barry is being substituted as trustee; Sender has 'great hope' in Barry.
Sender Professional Rivalry Halperin
Sender told Recipient for 4 years they could do better than Halperin.

Key Quotes (8)

"procrastination produced mess"
Source
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Quote #1
"You have a bomb of colored string that your retarded children have formed"
Source
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Quote #2
"I will no longer , not even for one day , work on your affairs . without the compensation that is long overdue."
Source
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Quote #3
"I will only work for the usual 40 million per year."
Source
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Quote #4
"water under the bridge"
Source
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Quote #5
"Sell Artspace and shut down regan arts."
Source
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Quote #6
"the 8865 mess will take months to review now"
Source
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Quote #7
"except for heather everyone should be replaced with new"
Source
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Quote #8

Full Extracted Text

Complete text extracted from the document (4,248 characters)

foreign funds repatriation plan that i had put together. . however as you are aware I have some decisions to make re my time allocation in the next year or two. so at least for a few weeks I am unable to commit much time and make any future plans to guide you in the redoing of your procrastination produced mess.
That being said , the tasks at hand are the following.
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.
Date: Tue, Nov 29, 2016 at 1:27 AM
HOUSE_OVERSIGHT_023252

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