Epstein Secrets

From: Jeffrey Epstein <[email protected]> Sent: Wednesday, February 26, 2014 5:29 PM To: Ada Clapp Cc: Alan S Halperin; Christopher L Hurtado; Eileen Alexanderso

From: Jeffrey Epstein <[email protected]> Sent: Wednesday, Februa

From: Jeffrey Epstein <[email protected]> Sent: Wednesday

Since Empire does not prepare its valua=ions showing the value of a 1% interest in BFP but rather the value of the entire interest transferred, if Leon re-GRATs BFP interes=s received on both January 24th and March 3rd,=GRAT No. 2 will need a separate restricted use valuation report (RUV=) for its in-kind di

s to re-GRAT the BFP interests he received from the APO1 GRAT on Janu=ry 24th and the BFP interest he will receive from the GRAT No. = on March 3rd. Jeffrey-can you confirm that my understanding is correct?=/p> Regarding valuations, Leon will require a full valua=ion report for his gift to GRAT No. 3. Si

Since Empire does not prepare=its valuations showing the value of a 1% interest in BFP but rather the va=ue of the entire interest transferred, if Leon re-GRATs BFP interests received on both January 24th and March 3rd, GRAT No. 2 will need a separate restric=ed use valuation report (RUVR) for its in-kind di

to re-GRAT the BFP interests he received from the APO I GRAT on January 24°' and the BFP interest he will receive from the GRAT No. 2 on March 3nd. Jeffrey-can you confirm that my understanding is correct? Regarding valuations, Leon will require a full valuation report for his gift to GRAT No. 3. Since

Since Empire does not prepare its valuations showing the value of a 1% interest in BFP but rather the value of the entire interest transferred, if Leon re-GRATs BFP interests received on both January 24th and March 3s, GRAT No. 2 will need a separate restricted use valuation report (RUVR) for its in-kind di