EFTA02367044.pdf

From: Barry J. Cohen Sent: Tuesday, September 16, 2014 4:09 PM To: Jeffrey E. Subject: Roth IRA borrowing I spoke to Bob Barbetti at JP Morgan about your Roth=IRA issue. Not sure of Bob's exact role, but he deals with com=ensation and clever IRA structuring. He says the way they deal with =he Roth IRA issue you mentioned is they just make an unsecured loan to the guy based on all of his assets. Negative pl=dges are too dangerous. They get comfortable by having the Roth IRA =ransferred to a JPM brokerage account so they can keep an eye on it. =They also get some sort of agreement with the beneficiaries making clear that JPM needs to get paid back. It helps=if the assets are easy to understand, and perhaps not easily transferable =o that JPM has comfort that the assets will not change much over time. Feel free to call Bob at I'=m glad to tee something up for you, but you can also just use my name. Barry Cohen Apollo Management 9 West 57th Street, 37th Floor</=pan> New York, NY 100194=:p> W: C This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged =material. Any review, retransmission, dissemination or =other use of, or taking of any action in reliance upon this information by persons or entities other than the intended =recipient is prohibited. If you have received this email in =error please contact the sender and delete the material from =any computer. Apollo Global Management, LLC =0 EFTA_R1_01364503 EFTA02367044