EFTA00951039.pdf

From: To: "Jeffrey Epstein" <jeevacation®gmail.com> Subject: Fw: Heidi Holterbosch Date: Fri, 28 Dec 2012 03:07:35 +0000 Importance: Normal Dial in Sent via BlackBerry by AT&T From: "West, Philip" < Date: Thu, 27 Dec 2012 19:49:50 -0700 To: Cc: 'Heidi lionerbosch ;'Marvin J. Michaels ;'Alan S. Halperin ; 'Zafirova, Elena ; Varma, Amanda Pedvin ; jeffrey epstein ([email protected])<[email protected]> Subject: RE: Heidi Holterbosch Stephan: I understand that you are available at 10 am Zurich time, 4 am New York/Washington time. Please dial in to the number below at that time. Thank you. Dial-in: International dial-in: Participant pass code: Security Code: Philip R. West Partner Steptoe direct Steptoe & Johnson LLP mobile fax Washington, DC 20036 www.steptoe.com This message and any attached documents contain information from the law firm Steptoe & Johnson LLP that may be confidential and/or privileged. If you are not the intended recipient, please do not read. copy. distribute. or use this information. If you have received this transmission in error, please notify the sender immediately by reply e-mail and then delete this message. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. From: West, Philip Sent: Thursday December 27 2012 1:40 PM To: Cc: Heidi Holterbosch ); Marnin J. Michaels ); Alan S. Halperin ( ; Zafirova, Elena ( ); Varma, Amanda Pedvin Subject: Heidi Holterbosch EFTA00951039 Heidi sent me the attached form for review. It appears to be an authorization for Frey to open a time deposit account for Heidi's benefit outside Switzerland. You discussed with her a "Fiduciary Call Deposit," which perhaps is a demand deposit account, but the form describes time deposits. Is there another form that relates to a demand deposit account instead of a time deposit account? More fundamentally, do you need to open such an account to facilitate the currency conversion because Frey itself cannot open a dollar account for its customers? If so, I assume you can still sell the gold irrespective of whether this account is opened (or already have done so)? Finally, would it not eliminate the need for this Fiduciary account if you simply wired the proceeds to a dollar account of Heidi's here in the U.S. (less $1 million, which she would keep in a Swiss franc account at Frey)? It may be helpful to discuss this on a conference call. If you can do so, Heidi and I would join a call with you at 9 am your time to discuss this. Please dial in using the following information. Thank you. Dial-in: International dial-in: Participant pass code: Security Code: Philip R. West Partner Steptoe direct Steptoe & Johnson LLP mobile fax Washington, DC 20036 www.steptoe.com This message and any attached documents contain information from the law firm Steptoe & Johnson LLP that may be confidential andfor privileged. If you are not the intended recipient, please do not read. copy, distribute, or use this information. If you have received this transmission in error, please notify the sender immediately by reply e-mail and then delete this message. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. EFTA00951040