The memo discusses lending opportunities with Adam and George, who maintain leverage against their shares of ETE. A margin loan was executed with George in 2015 but was taken out by UBS. Attempts to lend to Adam have been unsuccessful due to his high leverage and BAML's control over his borrowing. Adam's limited cash flow and inability to sell a Montauk property are also noted.
doj/DataSet10/EFTA01386784.pdf
{"key_people":["Adam","George"],"document_type":"correspondence","key_locations":["Montauk"],"document_subtype":"memo","key_organizations":["ETE","UBS","BAML"]}