EFTA01051556.pdf

From: "Jeffrey E." <[email protected]> To: Jeffrey Epstein <[email protected]> Subject: Fwd: attomy-client privilege Date: Sun, 26 Mar 2017 00:11:27 +0000 Forwarded message --------- From: Jeffrey E. [email protected]> Date: Sun, May 22, 2016 at 11:25 AM Subject: Fwd: attorny-client privilege To: Melanie Spinella for six years it was you eileen and tom. now its you brad and tom. it took me three years to convince you that Eileen was not up to the job, . Forwarded message From: Brad Wechsler -4 Date: Sun, May 22, 2016 at 11:15 AM Subject: Re: attomy-client privilege To: "[email protected]" [email protected]>, ' Guys-ive read the exchange and here's what I'd propose (w/a little commentary): 1. It seems to me question #1is checking the applicable ownership interest of bfp by the grat and confirming that was appropriately applied to the bfp cash distributions. Remember "the chronology" we circulated to both of you showed %'s change qtr-to-qtr and were often based on a combination of empires "preliminary" valuation reports and our internal "shadow" model which reflected the empire inputs. 2. On jeffreys other question there definitely was "other cash" that went in and out of bfp, for example, cash from a TM distribution or cash from an investment. This cash was distributed to the grat at the time of an overall bfp distribution in the applicable %. 3. Rich J compiled the detailed chronology grid(s) and back-up. The first six months of grat 1 were reviewed carefully by john c and from a higher level by me. The remainder of grat 1 and grat 2 (with full bfp detail tracking money in and out including items like TM and investments) is being reviewed now. 4. I will make certain the "confirmation work" occurs quickly. Jeffrey, you, alan and I shld discuss if I'm missing your point or best way for you to "audit" accuracy. 5. Everybody shld be cognizant—and this a subtle point-- that the cash distributions by bfp were based on reasonably good estimates of the grats ownership interest in bfp based on preliminary empire valuations and once the final valuation came in this created the need for a "true-up" of cash distributed which occurred at the end of each calendar year. Rich J can walk people thru the details, as necessary 6. While "speculation" is not a great thing, let me speculate that if you take the grat ownership interest on the summary sheet, ie, the exhibit I saw for theirs (which is based on the FINAL empire valuations) and multiply that by the amount of cash distributed by bfp it will not exactly foot with the bank statements (which were based on estimated ownership share). The "true-up" as noted above occurred at end of year. As I said, since I don't have my notes with me this is partly supposition but will be checked tomorrow am. Obviously available to discuss today or tomorrow. B From: Jeffrey E. [mallto:JeevacSgmall.com] Sent: Saturday, May 21, 2016 05:27 PM EFTA01051556 To: Brad Wechsler; Alan S Halperin < Subject: Fwd: id like to see the detailed calcuation and dates. in bfp out. . any other cash in bfp besides dividend. sale. interest etc Forwarded message From: Halperin, Alan S Date: Sat, May 21, 2016 at 4:50 PM Subject: Re: To: "jeffrey E." <[email protected]> The family office has confirmed that the amounts distributed were proportional to BFP ownership interests. Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP From: Jeffrey E. Sent: Saturday, May 21, 2016 4:46 PM To: Halperin, Alan S Subject: Re: no that the amount transfered to the gnat was the right amount . did it represent the accurate percentage of BFP cash etc On Sat, May 21, 2016 at 4:45 PM, Halperin, Alan S < > wrote: Are you asking whether someone at the family office confirmed the bank statements reflect the actual deposits? I am happy to ask that question if you wish. Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP From: Jeffrey E. Sent: Saturday, May 21, 2016 4:43 PM To: Halperin, Alan S Subject: Re: have we confiremd that the deposits are the right amount .? On Sat, May 21, 2016 at 4:42 PM, Halperin, Alan S < > wrote: I will confirm. Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP From: Jeffrey E. EFTA01051557 Sent: Saturday, May 21, 2016 4:40 PM To: Halperin, Alan S Subject Re: sorry the bank statments are stamped reconciled? is that by our office ? On Sat, May 21, 2016 at 4:39 PM, Halperin, Alan S < wrote: I don't understand your question? Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP From: Jeffrey E. Sent: Saturday, May 21, 2016 4:34 PM To: Halperin, Alan S Subject sorry, reconciled by?? 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. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message is intended only for the use of the Addressee and may contain information that is privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. 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Thank you 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. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. 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