EFTA01759606.pdf

From: An Glass Sent: Monday, March 18, 2013 3:45 PM To: Jeffrey Epstein Subject: RE: Re: I just called Pete to a=k him about it. I have known Pete for many years. Seb was ther= for 2 years. He was Chief risk officer. Was responsible for all risk (had a team of 4 or 5). He made allocation decisions to interna= PMs once a month and he ran a quant macro model —all currencies and=interest rates (no stocks). He never spoke to any c=mpanies, never traded a stock, was never involved on any trials, or suits,=etc. Galleon issues are very=much idiosyncratic to Raj and his trading on inside information in a few k=own situations. Other Galleon employees are not any more tainted than Barclays employees are for the company's Libor manipula=ion. From: Jeffre= Epstein [mailto:[email protected] Sent: Monday, March 18, 2013 11:18 AM To: Ari Glass Subject: Re: seb is out of galleon=?? On Mon, Mar 18, 2013 at 10:12 AM, An Glass Thanks for your time this morning. This is how I would picture this working.=/p> Pete and Seb would be the co-managing mem=ers of GP. They have great all around experience from Goldman says i= terms of manager selection. Pete is especially good with equities a=d credit, Seb is especially good on anything quant related and risk. Helmut would lend his name to the entity but=would act as Chairman and not involved in day to day but would sit on inve=tment committee. The one area they are lacking which is re=lly part of the differentiation between fund of fund type activity and Mil=ennium style approach is the business aspect (sourcing under the radar tal=nt, negotiating terms, etc.) and the operations of running this type of a business which me and my existing tea= excel at. For the benefit of all I'm willing to not be on the=GP and stay out of spot light. Their goal had been to recreate commoditi=s corp. I strongly believe that Millennium is a better version of wh=t commodities corp was for a number of reasons. Our visions happened=to have been pretty close to begin with. They believe time is money and have now b=en burned twice going down a road with people who claimed they had big che=ks to back them but ultimately did not deliver. These were both very=disruptive to their business and they are sensitive to that. EFTA21_00063470 EFTA01759606 I suggested a one week period where you h=ve the ability to vet them, and if you decided to move forward they =ould devote one week to get comfortable that the money is real. I re=resented to them that the general idea would be $100m day 1 —which realistically would have a target date of July=1, with it going to $500m within months. I would shut down the Boothbay entity and=roll it into whatever the new entity would be called including all the IP =nd infrastructure we have spent close 18 months and millions of dollars bu=lding. Please let me know if you would like to m=et with them. Thanks Ari Ari Glass Boothbay =anagement Managing =ember 810 7 Ave Suite 405=/span> New York=NY 10019 The information contained in this e-mail and any att=chments may be legally privileged, proprietary and/or confidential. If you=are not an intended recipient, you are hereby notified that any use, copyi=g, disclosure or distribution of all or any portion of this e-mail and any attachments is strictly prohibit=d. If you received this e-mail in error, please notify the sender, permane=tly delete the e-mail and any attachments, and destroy all hard copies imm=diately. This communication should not be regarded as an offer, solicitation or recommendation to sell or pur=hase any security or other financial product. Boothbay and its related ent=ties reserve the right to monitor and/or save all e-mail communications th=ough their networks. 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 Jeffrey Epstein Unauthorized 2 EFTA_R1_00063471 EFTA01759607 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved The information contained in this e-mail and any attachments may be legally=privileged, proprietary and/or confidential. If you are not an intended re=ipient, you are hereby notified that any use, copying, disclosure or distr=bution of all or any portion of this e-mail and any attachments is strictly prohibited. If you received th=s e-mail in error, please notify the sender, permanently delete the e-mail=and any attachments, and destroy all hard copies immediately. This communi=ation should not be regarded as an offer, solicitation or recommendation to sell or purchase any security =r other financial product. Boothbay and its related entities reserve the r=ght to monitor and/or save all e-mail communications through their network=. 3 EFTA_R1_00063472 EFTA01759608