<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Saturday, April 7, 2018 9:09 PM</td></tr><tr><td>To:</td><td>jeffrey epstein</td></tr><tr><td>Subject:</td><td>Fwd: leon DO NOT SEND, hand deliver.</td></tr></table>

Forwarded messag= From: jeffrey E. <jeevacation@gmail.co= <mailto:jeevacation@gmail.com» Date: Tue, Jan 5, 2016 at 6:36 PM Subject: Fwd: leon=DO NOT SEND, hand deliver. To: Jeffrey Epstein <jeevacation@gmail.com <mailto:je=vacation@gmail.com»

<=iv dir="ltr">
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Transaction complete!

<=iv> When we had our meeting in your ho=e in Bedford. You asked me for my help. I told yo= multiple times that i thought it was a very bad idea, in that I pre=erred to have no financial interactions. I dont h=ve many friends and didnt want money to intereferAlexandersson managing your accounting , le=al, investments. reporting, trusts etc. When I told you in no =ncertain terms that I firmly believed she was incompetent you =dmonished me for " speaking out of both sides of my mouth ". =AO With regard Brad Wechsler , there is no " both sides. =quota. I have consistantly maintained since day one that he was high=y unsuited for the job. When you initially asked me to help convince=him to take the role , promising him a postion to manage mira=e investments I sent you a note saying instead you should =AO pay up and get first class people. I have reiterated <=span>

With Brad out of the office and una=le to run his usual interference , the level of his total and =tter incompetence was brought clearly, front and center. =AO He may be a step up from Eileen, but, if he is, then it is=C2 certainly not by much, A major difference i= that Eileen knew she was over her head. Brad struts his stupiditly =henever he gets a chance.

A critical ex=mple. - =span>Though you and I have spent many many hours discu=sing the =span>importance of care and attention to details and mechani=s. with regard Phaidon I was not shown one single docum=nt, not one.!! Brad wanted to keep it private between he, and=his so called " advisors " ho=ever as he was out of the office during the most important transaction of =he year, I did get to spend time with joslin=Joe and john, - the situation in your office is totally =udicrous - to summarize - the list I provided to Brad I=st Decemb=r - of things I thought were a priority to=get done - still remains in the whole unresolved.=

The IT, is virtually untouched and is still in d=sperate need of a format - reporting flawed cumbersome and inaccurat= . all done by hand as one -off exercises , when either you or b=ad ask for it - airplane: re structure, (my only suggested priority=in =une ) is really ,no further ahead, consultants up th= kazoo but nothing at all done.( the office was told by Brad not to =hare the outside proposals with me - brad has no =dea even as to what questions to ask. he knows little of finance, is bulls=itted over by almost everyone in the office. a little man , us=ng your power, to appear larger . Eileen was self aware enough to know she=was over her head , that is a huge difference. bad info is ram=ant a simple

emblematic example- 3 million in deductions=lm<=span> told were taken for art space =but on closer examination it turns out they cannot be used at all. (=ZERO benefit ) though you will be told yes they were deducted on the=return they said that is the only real question you were focus=d on ! " were they deducted " not -" is t=ere a benefit " !! I asked for the balance sheet a=d P and L for <=pan>Regan arts , a basic first step in order to =heck your financials. "sorry we never got one?" tho=gh 9.8 million invested, no p&I, nothing!, a construction=project run amok , no budget, the coo fired after only 3 month=. , no clue . fyi artspace finan=ials are also a total mess. ( no receivables ??). when i asked=for a list of what got done and did not, i received the email =rom Brad basicailly mind you own business. so much=was promised. !!!

As in your words prob=bly your closest friend and in order to turn the page. I hope the followin= to be constructive Here is a list of th=ngs I think would be in your interest to get done asap .but de=initely not by me .

i suggest you form ne= grats. , hire a high level tax =artner. use your trading accounts as they remain a =paramount requirement 16 months after i emailed you re their importa=ce. THe Phaidon transaction papered and =AO structured as contemplated DOES NOT WORK , its as simple as that. =DOES NOT !! I suggest again that you re-do =bank loans. no need to pay interest at higher rates on boat or plane= . as Richard is now no longer trustee. re- do will, =AO make apan>suydam executor , with Barry<Apan>, and john as back up. pay 1 million a year for executor r=le. get rid of Judy Black trust, deal with gifts an= their tax returns, . review amounts to kids at fixed ages. put more=protections in for Alex and Victoria. , =AO distribute some money to kids let them make decisions. , =AO decide art division with children in attendance . have fire=drill done on estate. fill out estate returns as if you and Debra di=d today, choose advisers - rick bronsteinHa=perin has a conflict that should be addressed.= A strategy of the use of art should be implemented. . you have =AO tax consultants it consultants. plane operation consultant.=. boat consultants. architects, lighting , art, legal, .=foundation , deal with TRA , BRH , rationalize investments. cash flow. report=ng, gaming disclosures. foreign, gift.. prepare tax projections for 15 an= 16, . deal with neg basis ( tufts gain, debt financed. art partnership, p=edges. sell stock, art, deal with phaidon de=t. =span>athene,? income , capital , foreign , exit= corporate, insurance regs, out and inbound issues, basis, =AO appropriate discount rates. ? terminations. control. , qual=fied dividends. corporate tolls, inversion rules. , grat issues, short swing and other sec disclosures= I still think you might consider a Rothshcild bank trans=ction they have 150 b and a distribution network with n= products , private bank Rockefeller Rothschild. financial service. =eal with UK visa issue sooner rather than later. we can talk about R=wen request re Athene , complex 2 billion in taxes on tr=nsaction. ?!

the facts as i see them=br> in June and then again Sept, we both agreed to a 50% of phaido= payout., then only after weeks, wh=n you delayed any detailed discussion of money wanting to give the i=sue a thoughtful response ( which I fully understand ) . you u=ilaterally changed changed our agreement. . 5m would be reserv=d for the future ? . and out of the remaining 15m ,? i would receiveronly a third. ( note : I'm confident that both the d=bt , and the artspace investment will also lead to = write off of another 30 m. plus ) In my dining room ,yo= were surprised when I said that i require most people to pay =heir advisory fee up front so that I am assured that I will be prope=ly compensated for my work when strategies are implemented . y=u may recall that you appeared offended and said " =C2 are you suggesting that i would go back on my word " I sa=d no , of course not ! you are my closest of friends ,but my experie=ce is that when amounts get large, people tend to get unhappy when i= actually comes time for them to pay

I included =n this letter the email i sent to you on April 15, =C2 the day i was examining your returns It laid out my understand=ng of the compensation for a transaction of the magnitude to the penny of =he one just completed. though the number was great it was clear. =AO When it appeared that the details could now be worked out I was t=e first to say , it is too much money, however.

Phridon. . though this amount was already substantia=ly less than our agreed and negotiated formula. - I was=never told that this was out of range. in fact, =AO alternative methods of payment . plane, or an -in-kind payment w=re discussed ( ie including keeping the 30m=portion of fee outstanding till March ) ,I provided as you spe=ifically requested a detailed step by step execution plan and=C2 reviewed all documents that i was given access to. Phaidon<Apan> was not forthcoming ) in order to make my many cor=ections I was then told that Alans

in=olvement warranted a discount . Even in the best of ligh= , though it is beyond question that not one time in th= three years of his retainer has he ever proposed a uniqu= idea. (including any wayt to deal with the use issue o= debras death ,or even the most basic review of your largest =sset by far , the BRH agreement. ) O.K. - lets sa= he made a contribution to the plan and stretch reality beyond the p=le and say it was 50 %. though no one could posit such a large=amount unless they were wearing a brightly colored clown suit. , =AO the payment associated with the deal was known . It had bot= sent in writing and spoken about on the phone numerous times = a detailed execution plan was provided . then and only=then after all was laid out for the group I was told that after a nu=ber of conversations with brad karp that =AO a total of only 20m would be paid , (and even that was more than origin=lly contemplated ) for both transactions . Leon I feel It was=C2 remarkably unfair. I wondered whether brad even kn=w of our prior agreement.? I called him and he said he was nev=r told.?, I would ask that you I and Brad karp sit togeth=r if you think it would be helpful. . I would like to send him this =mail, with your consent of course. If the transactions were n=ver consummated , i would not be owed a dime, however , the expected=fee was known up front. , the detailed step by step plan was f=llowed and overseen by me, the amount that I had request=d before the transaction was even begun, and had already been =eavily discounted, out of friendship, from our agreement . I believe=the decision re only paying 20 m has frankly , left =AO me felling quite uneasy.

=A0since you asked since last nov. i found=C2 11million dollars in dormant accounts. 4 million dollars in eilee=s drawer. . went through cash flows for phaidon showing th=t john murphy is not an accountant. redid your gagosian co=tract , . organized structure in case of divorce. set up gift trust. stopped ada from including multiple times things not in your interest. dealt wit= bad sales tax use tax income tax . created 8 millino i= deductions ,500k in mistakes , found bank of scotland fbar problem., reorg bad art purchases , funds taken, charitable decisions , helped with f=ncancial statements, gaming commission. . boat deductions, rescued sto=k from grats. . may 1 after months of brad not find=ng anyone i sent an email saying you would have to pay more. . on april 15.=C2 I sent an email detailing payments owed if i could figure out the basis issue, =C2 please see attached, .

questions you might ask your team=C2 ask them to provide a balance sheet or p&I for arts. . doesn't exist

ask . either wechsler or haperin to tell you what brh is, or how the tra works. .. ? as bronstein to tell you why the prop=sed phaidon transaction DOES not work. . ask them to give you a plan =or the plane. ? ask them to show you the cash mgmt for over 10O=million dollars. . ask them to show you the IT system progress after one year. s=parate from making it more secure though you are not a trader with i=side info the approval process for payables. . the cash flow projections? assumptions? ask for a comparative review of investments. ask <=pan>haperin to describe to you in any detail BRH , the major asset o= his two biggest clients. tax basis, disposition in the estate. . etc. ask bra= to show you the liquidation of the intervening art space cos? that has bee= on the table for months. .

Forwarded message

To: Melanie Spinella <Spinella@apollolp <mailto:Spine=la@apollolp.com> .com>

saved you 500k at the last minute, . brad has had the same chart since march 16th, its his job to review NOT MINE .appears he i= one of those living in the dark leiwe. I found 8 million dollars toda=, missed deductions. . not yet in the numbers, .?

=br>

## EMAIL from April

---------- Forwarded message ----------

From: jeffrey4=pan> E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com»
Dat=: Wed, Apr 15, 2015 at 8:59 AM
Subject:
To: Melanie Spinella

1 did t=e paul weiss bill get paid ??? 2. =AO Talk to me before signing anything today important

10m paid today to gratitude america, a 50= c 3, willl make last year complete. 20 million paid today ftc . 10 million <=pan>july 15 5 million Sept 30. , 5 million jan 1 for all of 16 .=C2 tax savings paid at 37 percent . of net. savings. 50 million credit. net. =0 150 million free . 600 savings 225 million owed. - 50 credit, 175 owed.</=>

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The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved

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