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📄 Extracted Text (965 words)
To: Eileen Alexanderson
Fran: Jeffrey Epstein
Sent Sun 9/30/2012 4:37:14 PM
SubJett Re: Fw: please see attached re our conversation later
put it in a temp holding . try to not have any connection to trusts or kids, until things are clear.
the pwc temp loan idea.
On Sun, Sep 30, 2012 at 11:52 AM, Eileen Alexanderson
wrote:
Will do
From: Jeffrey Epstein [mailto:ieevacationaamail.com]
Sent: Sunday, September 30, 2012 11:50 AM
To: Eileen Alexanderson
Subject: Re: Fw: please see attached re our conversation later
have leon call my cell, if you can track him down
On Sun, Sep 30, 2012 at 11:19 AM, Eileen Alexanderson <
wrote:
Update on the attached structure chart for our purchase of Phaidon by the Trusts: the
decision was to use a UK LLP instead of the Scottish one largely because the setup
process(ie. You need Scottish counsel and a Scottish registered address) is easier and the
PWC man could not convince all others that there was enough benefit. I've been advised
there is a definite advantage to having the trusts own this through LLCs instead of going
directly in (as you read in the email I forwarded from Gregor) and Leon will enter through a
separate LLC than the trusts and be the Managing Member. I'm just thinking through
governance and who should be on what Boards. The Trustees then would be the members of
the LLP. Bidco will be buying and own the shares of PPL. Since money for that is coming
from the trusts I am thinking at least one of the Trustees should be on this Board with Leon
and Debra-correct? Leon wants the kids themselves to be part of this too as a learning
experience and as prep for one of them potentially running this someday-I am thinking they
should only be on the Board of PPL, the actual company, Phaidon Press Ltd with the Exec
Directors from company management and a few additional outsiders Leon has in mind with
Publishing expertise-or could/should they be on the bidco board? I was advised board
meetings of these UK cos need to take place in the UK or you can jeopardize status as a UK
company. Leon & Debra are there frequently, the kids less so. Errors in my thought process
so far?
I've also been thinking through your idea ofLeon lending money to the trusts in the name of an
opportunity to forgive over time and thereby make gifts to the trust. One of the trusts owes
Leon $20mi1. I was going to use $21 mil I now have on hand in that trust for the purchase. I
can first pay Leon back on the outstanding loan and then make a new loan if that makes
sense. Debra has $4mil left on her gift exemptio , Leon I believe has less than $2mi1. Can I
make he loan and then forgive in December to use up the gift exemption, or is that too soon.
If not, how should I size the loan. $20mi1just seems large unless you do the forgiving over a
EFTA_R1_00307111
EFTA01888829
very long period of time.
Thanks, sorry for imposing on your Sunday, just need to go in tomorrow armed. Best, Eileen
---- Original Message
From: Eileen Alexanderson
Sent: Wednesday, September 26, 2012 11:08 AM
To: McCaffrey, Carlyn
Subject: please see attached re our conversation later
-----Original Message
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