This memo from Tom Mukamal to Andrew Farkas, with Frank Garrison cc'd, discusses the AYH transaction involving Jeffrey Epstein. It addresses two main issues: the related party interest expense and the gain on sale of a 50% interest in IGY-AYH Holdings Ltd. The memo suggests that IGY should remit $165,473 to Mr. Epstein due to interest allocation discrepancies and recommends a clear discussion with Mr. Epstein to ensure understanding of the business deal. It also proposes an independent third-party review of the transaction documents and financial history.
documents/EFTA01123586.pdf
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