Epstein Secrets

ontributed to Narrows on December 2, 1996, with a pro forma balance sheet attached (I do not have a copy of this document). Her email indicates that Ralph told her that normally there would be a schedule attached to the list with values to establish the cost basis of what is owned by the LLC. She quer

orma balance sheet appeared to be based on then appraised values, not cost basis. III. July 2012 Addition of Art to Narrows I do not know whether Narrows was originally intended to be an investment entity but in July of 2012, Ralph Lerner advised Leon to assign all of his art, other than the Edvard Mu

MEMORANDUM To: Jeffrey Epstein From: Ada Clapp Cc: Eileen Alexanderson; Rich Joslin Date: January 9, 2014 Re: Art Held in Narrows. I. Organizational Structure/Purpose of Narrows. Narrows Holdings LLC ("Narrows") was formed November 22, 1996 as a New York Limited Liability Co

From: Ada Clapp Cc: Eileen Alexanderson; Rich Joslin Date: January 9, 2014 Re: Art Held in Narrows. I. Organizational Structure/Purpose of Narrows. Narrows Holdings LLC ("Narrows") was formed November 22, 1996 as a New York Limited Liability Company by Rubin Baum Levin Constant & Friedman. Its

wed . 30 till july , most up front needed Date: Tue, Mar 31, 2015 at 3:25 PM Subject: To: Melanie Spinella Nov of 13 : I told you tom Eileen and Ralph were not up to the job, you disagreed very vocally and strongly , " Ralph wrote the book, Tom has been doing it for 15 years and Eileen ran the trad

ent has no money. I think this is a valid concern and that we should agree to it. However, Ada just reminded me that it is possible that Narrows/AP Narrows (really, Leon's) agreeing to effectively guarantee payment by the assignee might be considered a gift to the assignee. In the discussions with Alan

a, the kids, or family trusts including APOI and APO2. Gagosian wants us to agree that, if Narrows/AP Narrows assigns the agreement to someone else, Narrows/AP Narrows "shall not be discharged from its liabilities under this Agreement and shall remain primarily liable to Seller." Larry is concerned that

ildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of any overage (the amount of the hammer price above $6.5 million). Sh

er from PaceWildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of any overage (the amount of the hammer price above $6.5 mi

Looking Forward to the Past sale. Leon bought the Calder from PaceWildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of a

ildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of any overage (the amount of the hammer price above $6.5 million). S

er from PaceWildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of any overage (the amount of the hammer price above $6.5 m

Looking Forward to the Past sale. Leon bought the Calder from PaceWildenstein in 2009 for $3,758,125 (including NY sales tax) and transferred it to Narrows as part of the 2012 contribution of all art to Narrows that Ralph prepared. Christie's is giving Narrows a guarantee of $6.5 million, plus 80% of an

y owed . 30 till july , most up front needed Date: Tue, Mar 31, 2015 at 3:25 PM Subject: To: Melanie Spinella Nov of 13 : I told youtom Eileen and Ralph were not up to the job, you disagreed very vocally and strongly , " Ralph wrote the book, Tom has been doing it for 15 years and Eileen ran the tradi

a, the kids, or family trusts including APO1 and APO2. Gagosian wants us to agree that, if Narrows/AP Narrows assigns the agreement to someone else, Narrows/AP Narrows “Shall not be discharged from its liabilities under this Agreement and shall remain primarily liable to Seller.” Larry is concerned that w

ent has no money. | think this is a valid concern and that we should agree to it. However, Ada just reminded me that it is possible that Narrows/AP Narrows (really, Leon’s) agreeing to effectively guarantee payment by the assignee might be considered a gift to the assignee. In the discussions with Alan a

ed . 30 till july , most up front needed Date: Tue, Mar 31, 2015 at 3:25 PM Subject: To: Melanie Spinella Po Nov of 13 : I told you tom Eileen and Ralph were not up to the job, you disagreed very vocally and strongly , " Ralph wrote the book, Tom has been doing it for 15 years and Eileen ran the tradi

a, the kids, or family trusts including APO1 and APO2. Gagosian wants us to agree that, if Narrows/AP Narrows assigns the agreement to someone else, Narrows/AP Narrows “shall not be discharged from its liabilities under this Agreement and shall remain primarily liable to Seller.” Larry is concerned that w

ent has no money. I think this is a valid concern and that we should agree to it. However, Ada just reminded me that it is possible that Narrows/AP Narrows (really, Leon’s) agreeing to effectively guarantee payment by the assignee might be considered a gift to the assignee. In the discussions with Alan a

ent, 9 West 57th Street, New York, New York, 10019. The original intention was to have Narrows II owned by Narrows Holdings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as

dings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as sole Member of Narrows II, executed a Resolution by Consent of the Manager agreeing to the contribution of The Scream by

ent, 9 West 57th Street, New York, New York, 10019. The original intention was to have Narrows II owned by Narrows Holdings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as

dings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as sole Member of Narrows II, executed a Resolution by Consent of the Manager agreeing to the contribution of The Scream by

lease see attached suggested letter as diplomatic way to make request- or would you like to handle differently? As we understand it, come November, Ralph will potentially be able to practice again so sooner is better if you would like to move on this. -removal of JEE from Family foundation-also from

n some outstanding requests- > wrote: -conversation with Jane Heller regarding need to make changes to the agreement on your line of credit so that Narrows is the borrower and you are the Guarantor. I will then proceed to work with Bryn and Derek on this. -list of art to be contributed to the new partne

lease see attached suggested letter as diplomatic way to make request- or would you like to handle differently? As we understand it, come November, Ralph will potentially be able to practice again so sooner is better if you would like to move on this. -removal of JEE from Family foundation-also from

owing up on some outstanding requests- -conversation with Jane Heller regarding need to make changes to the agreement on your line of credit so that Narrows is the borrower and you are the Guarantor. I will then proceed to work with Bryn and Derek on this. -list of art to be contributed to the new partn