EFTA02510090.pdf

From: jeffrey E. <[email protected]> Sent: Monday, February 16, 2015 7:24 PM To: Jeffrey Epstein <https://mail.google.=om/mail/u/0/images/cleardot.gif> Leon, I hate having to write this. however . I wanted you to understand the seriousness of your dysfunctional family office. and have a record of my telling you so. I spent the greater =art of last week reviewing your office. . The office has suffe=ed greatly from lack of control clear direction. and the disasterous delay=in removing Eileen. Eileen has been a nightmare for you . she has hammered together the office in a willy nilly fashion either trying to hire c quality people, buying c=eap equipment, looking to save small dollars, hiding all bad facts. even =fter hiring people . giving them no clearly defined roles , or nonse=sical direction. . she and ada protecting what they see as their turf, errors upon errors upon error=. ( only this thurs forming a new Ilc for alex with no imput from finance.=C2. ) millions of dollars unaccounted for. 500k again found in a drawer=20 last week In early sept I notified you that I thought that joslin was=unable to deal with both ada and eileen . I sent delson in to referee.. at my expens= . i again notifed you in early oct that she needed to go asap as close to oct 15 as possible . and ada till march. I pointed out the risk of keepin= the dynamic duo was their effect on joslin and future mistakes. . . in nov I sent you a email telling=you i thought he could not take more of their interefernce. obfuscation and scheming. and sugg=sted getting rid of both immediatly, again in writing. . this=week, in the first face to face I had withloslin since dec he could not respond to simple questions , spoke finnacial gibberish, had misleading answers. bad answers wild elliptical statements , and =on sensical plans . therefore . As you asked i immediatley confronted Brad with my findings , and to my amazement=C24 and frankly dismay Brad said that his take was exactly the same as mine but this is how he found Joslin in early jan and thought it was just his normal behavior. Since brad has little financial expertise he asuumed the gibberish was just his ,brads, lack of understanding , In mid nov you suggested that he was your choice to run the office .and he would replace eileen. from mid dec he audited until early jan, when he assumed the job th=t im told now is only 75% of his time. HE might. , might? be c=pable of running your office but i have yet to see any indication that that is true. He is certai=ly a loyal friend. ON thurs I handed the same spread sheet that I had sent to brad, to four*=A0 financial execs. (only to mine with actual numbers), to a person each=20 within minutes said this makes no sense. no sense whatsoe=er, bad numbers bad cagtegories. bad inputs outputs numbers that dont add. if=20 it was an mri , of joslin i woudl say serious breakdown. 4P=A0I had him overin an attempt to explain to my team what had happened, and then s=nt my do to speak for hours to him and others at elysium. I pointed out to you that joslin could not make the first pass at hiring a finance person . I was right. HE is a great tax person, period. no social skills reporting skills or mgmt skills. ITS a mess and a larger one than I thought. sorry, I have begun to interview some cfo.s.=A0 for you and have put out more feelers. if you feel comfortable i think you should ask at apollo for=20 help.. It is now too late to remove eileen entirely as i had beentA0 urgently requesting. I have not spoken to her in months . but during this craz= delay in doing so, she is now significantly more entrenched. the office more intricantly entwined and a danger to you. A re-do is necessary . top down. you have repeatedly pointed out and I know you believe ,that you have pa=d me what you consider a great deal of money. you are one of my best friends. in my=mind to say you had made a good deal would be an gross understatment. I have spe=t the majority of the last year restructuring your things. as you are aware=C2* I canceled my europe trips for the last six months of last year. money, friends and clients have suffered as a result of the tim= it took to clean up 5 years of silliness. . however I take our frie=dhsip very serioulsy and feel not one iota of regret . I made a bad deal ,lived up to=20 it. and exceeded the predictions made on your behlaf. =C24> that being said, you will need to bring in a few people to start from the top down. apollo review, coordination, ta0bill pay, book keeping, legal reporting,filings, sec gaming foreign, pfic=20 fbar gift gtax use tax, corporate admin, EFTA_R1_01641681 EFTA02510090 Ilc etc. investments art. household personla. taxes. gifts, admin for grats trusts children, checks a=d balances. banking doc review, tra review, brh review . review of will given=new info.. jpm goldman, db barn, check writing , foundation decision art consultants. boat plane. construction. travel. insurance, IT,. staff mgmt. w= will have to deal with torn ada, eileen, now joslin, . cerrtain protections=20 that you previously vocally declined to consider ( kinglear etc) i think sh=uld be put in . As the art partnership was the last issu= for my office on the table I consider our past financial agreement at=20 an end. I don;t like money discussions between us. negotiations, lack of clarity ,amounts ,dates, deductibiliy etc.. I prefer to now leave it to you and the team you have chosen. and would be happy to have that as your choice. you are im afraid going to tell me i can;t leav= you in this mess. im not sure how or if to proceed . idea. Less than = third of last years payment, including relieving you of your still outstanding obligation. all can be considered , but it must be crystal clear. som= paid up front . some paid at the end ( to satisfy you ). cannot do fu=ther than maylst. please note=br> The information contained in this communication is confidential= may be attorney-client privileged, may constitute inside information, =nd is intended only for the use of the addressee. It is the property of=br>JEE Unauthorized use, disclosure or copying of this communication=or any part thereof is strictly prohibited and may be unlawful. If you =ave received this communication in error, please notify us immediately =y return e-mail or by e-mail to [email protected] <mailto:[email protected]= target=> , and destroy this communic=tion and all copies thereof, including all attachments. copyright -all =ights reserved 2 EFTA_R1_01641682 EFTA02510091