Epstein Secrets

for each valuation, we are providing a single response that is applicable in both cases. We understand the IRS is seeking an explanation as to why Empire selected a lower, combined, lack of control and marketability discount of 15% rather than a higher one. Empire did consider, as a starting point i

Consultants, LLC ("Empire") provide a response to the IRS's request for an explanation of the lack of control and marketability discount applied in Empire's valuations of: (1) a 37.75% interest in Black Family Partners, LP ("BFP") as of October 25, 2013; and (2) a 34.53% interest in BFP as of December

the IRS's request for an explanation of the lack of control and marketability discount applied in Empire's valuations of: (1) a 37.75% interest in Black Family Partners, LP ("BFP") as of October 25, 2013; and (2) a 34.53% interest in BFP as of December 4, 2013. Since the IRS's questions are similar in nature for e

point of 24%. However, the appraisal, on page 70, concluded that the combined minority/marketability discount should be a total of 15%. Please have Empire provide a detailed explanation as to how a total 15% discount was arrived at as their appraisal leads to the conclusion that a much higher total di

nts, LLC, appraisal, on page 64, analyzed the lack of control discount regarding the transfer of the donor's 37.75% Limited Partnership Interest in Black Family Partners, L.P. The appraisal cited iviergerstat Review 2013 and stated that the control premiums in Mergerstat corresponded to a discount for lack of contro

To: Eileen Alexanderson From: Jeffrey Epstein Sent: Wed 11/14/2012 2:03:05 AM Subject: Re: More Empire valuation reports-addl to follow tomorrow 1 would like to get some feedback from . them On Tuc, Nov 13, 2012 at 9:56 PM, Eileen Alexanderson wrote

hey are in bound books. Would it be possible for you to send to me in the same format you sent the 2006 reports? Best, Eileen Eileen Alexanderson Black Family Partners. L P. c/o Apollo Management 9 W 57th Street This email and any files transmitted with it are confidential and intended solely for the person or e