EFTA00868790.pdf

From: "Jeffrey E." <[email protected]> To: Jeffrey Epstein <[email protected]> Subject: Fwd: Date: Fri, 07 Nov 2014 16:03:16 +0000 Forwarded message ----- From: Jeffrey E. [email protected]> Date: Fri, Nov 7, 2014 at 11:56 AM Subject: To: Jeffrey Epstein <[email protected]> • recent planning has been remarkable&nbsp; given the highly&nbsp; unusual circumstances.&nbsp; aggressively suggesting "I am talking out of both sides of my mouth" when i say that I strongly beliieve your team needs to be seriously upgraded to match the hig h As you are well aware, There is little I won't do for you, or at least try to do&nbsp; as a friend, and&nbsp; a great deal&nbsp; that I have already done (&nbsp; both known and some things that&nbsp; willneed to&nbsp; remain unknown.) &nbsp; Our arrangement was for me to architect&nbsp; sophisticated structures that would be beneficial to you.&nbsp;&nbsp; that is what I&nbsp; have done &nbsp; and will continue&nbsp; do in order to fulfill my obligations under our&nbsp; agreement.&nbsp; &nbsp;&nbsp; The&nbsp; discovered fact that you&nbsp; in reality need an entire&nbsp; family office built from scratch has been trying &nbsp; I have&nbsp; aleady&nbsp; agreed&nbsp; de- facto to try to&nbsp; help.&nbsp; I would&nbsp;&nbsp; suggest that Phaidons payroll and attention pales in importance&nbsp; to your personal structure,which has taken a back seat, Some of &nbsp; &nbsp;&nbsp; my suggestions&nbsp; regarding the Eysium&nbsp; office&nbsp; are as follows&nbsp;&nbsp; you will need a budget of 3- 5 million per year.&nbsp; CEO&nbsp; I million,&nbsp; new tax person to work with rich, 250.&nbsp; new bookkeeper&nbsp; ,200&nbsp;&nbsp; new paralegal to work with ADA Alan etc , coordinating with Apollo, Akin , paul weiss , new acct openings , &nbsp; sec filings , sales tax review,&nbsp; etc. &nbsp; $150 . art point person. loan , inventory, purchasing support, &nbsp; $??&nbsp; software servers. video conferencing,&nbsp; tax oversight. &nbsp;&nbsp; <br></div>&nbsp;&nbsp; I believe&nbsp; You should&nbsp; rapidly address trustees&nbsp; , gift trust,&nbsp; succesion,&nbsp; wills of debra and children,&nbsp; ,&nbsp; monetization&nbsp; events , cash flow. etc &nbsp;&nbsp;&nbsp; I can of course&nbsp; share my experiences with you on each issue. <br></div>&nbsp;&nbsp; WIth regard&nbsp; the more pressing issue I am uncertain of just how to EFTA00868790 proceed.&nbsp;&nbsp; I am torn, as my very strong inclination is not to be involved at all .&nbsp; It is extremely time consuming, delicate, fraught with many pitfall many that will make you very upset and a major pain in the ass.&nbsp;&nbsp; I wrote you months ago that the quality of the people involved need to&nbsp; be upgraded. ( lucky for me&nbsp; these last issues arose way before the begining of my involvement ) &nbsp; I am also aware however&nbsp; of&nbsp; my overarching friendship&nbsp; obligations of&nbsp; ok, -given all the complexities&nbsp; who else can do it? problem. <br>&nbsp;Your family office needs a daddy.&nbsp; children with good intentions are running around , sniping , nitpicking with little direction.&nbsp; As a stopgap measure I am suggesting , we put in Larry Delson to take charge&nbsp; Everyone would report to him.&nbsp; eileen included. He would however work for me.&nbsp; this is not, by a long shot&nbsp; my first choice as I prefer only&nbsp; being responsible and standing behind my own personal&nbsp; work (&nbsp; ie the word DONE will no longer be transmitted to reflect status stated&nbsp; by others )&nbsp; <br></div>&nbsp;&nbsp;&nbsp; With no commitment on my part whatsoever, to do it. So far as I have&nbsp; failed&nbsp; in my attempt in&nbsp; trying to think&nbsp; through the problem&nbsp; creatively . My&nbsp; organizations handling of the more complex isssues I believe you might find&nbsp; very costly, very ! ( however many structures available&nbsp; some risk sharing, maybe risk caps ,etc ) but would require my teams doing the work&nbsp; , not yours.&nbsp; <span style="background-color: rgb(255, 255, 0);">Ada&nbsp; should be only a trust, grat administrator.&nbsp;&nbsp; not sure what role you prefer for Eileen as you hired her initially&nbsp; to oversee investments.&nbsp; whether Rich your controller stays or not,&nbsp; is not urgent.&nbsp; having Tom report to a new person,- is.&nbsp;&nbsp;&nbsp;</span> coordination with Suydam Kathy gregory, I would suggest limiting to one person.&nbsp; The increasing public profile needs to be taken into consideration. <br></div>&nbsp;&nbsp; talk later.<br clear="all"><br>-- please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. 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