EFTA02473398.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, February 3, 2016 12:07 PM To: Jeffrey Epstein Drafts in my world DO NOT mean inconsist=ncies. , overlooked items. bad formulas. careless =nputs, . drafts in finance are simply preliminary numbers =A0 subject to revision when actuals can be inputted. =AO i received reviewed what was called updated cashflow (you shouldnt have to review three to fo=r times after almost 7 months.) , that is still filled =ith errors not updates. FYI If you recall In=july you asked my choice of first priority. I said.' strongly suggest you put the team that you and Leon hired. o= getting the airplane right. this would tell all ,and quickly.=C2 Cash flow statement 1) April 2016 - 25,790,000 of investment cash inflows - Lone Cascade , was it submitted as I think 30 days notice=requi red I thought there was=10% audit hold back / other hold backs did anyone check? that means = 2.5 million dollar adjustment ? ! 2) Art Sales - did anyone=ask Leon? 3) Boat Charter income - why no charter in Jan - =pril 2016 and Oct - Dec 2016 4) Art advisory and insurance - per schedule 2 - do we pay per month.=C2 220k per month this is not an income statement . it is for timi=g of cash flows. 5) Miami construction of 170,000 per month do we have real numbers? =AO - footnote should mention total costs paid to date and total expected costs 6) Townhouse construction of 800,000 per month same -=footnote should mention total costs paid to date and total expected costs 7) incr=asing art loan by 25 bp???? Inconsistent t=eatment . 8 )Plane operating expenses - using 2015 figures based on what premise? did=20 anyone check maintenance required in 2016 not in 2015 or reverse =span style="white-space:pre-wrap"> a) plane analysis is missing total hours flown / cost per hour / fuel consumption and cost per gallon / charter hours / Apollo hours / domestic vs international / part 91 vs 135 -> all this information has already been prepare= by management company Plane Principal and interest footnote assumes 25=basis point increase in each quarter yet first 6 months are flat at 160k per month then next 5 months at 170k per month -> dec 2016 cost of 150k p=r month after 8,000,000 pay down prior month -> seems high -> principal payment of 8,000,000 based on WHAT? we=talked about Leon asking to put it on loan? THE bank DOES NOT lend 100 percent of value . this typ= of error is basic. I no footnotes. and no excise tax or sales tax noted? =A0 9)Boat operating expenses - using 2015 figures=based on what premise? is there required maintenance in 2016 not in 2015 or reverse <=r> 10) apollo salary? Leon said some fees are in esc=ow. ? EFTA_R1_01585780 EFTA02473398 11) Professional fees of 1,560,000 what is breakdown of accounting vs legal?Leon needs to see all consultant fees. breakdown, and fees owe= etc. 12) Residential non labor excluding insurance and Residential Labor - ea=h house should represent a cost which includes capital improvements, operating exp, labor, insurance, etc.. 13) Personal Leisure - says used 2015 full year estimates - are these the same =stimates from 2014, ? we are in January 2016 14) MS Misc Disbursements - 4,800,000 of cash f=ow? did anyone check with Leon. 15) Overall pre=entation a) t=tle of sources missing from top line please note T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying o= this communication or any part thereof is strictly prohibited and m=y be unlawful. If you have received this communication in error, please=notify us immediately by return e-mail or by e-mail to jeevac=tion@gmail.com, and destroy this communication and all copie= thereof, including all attachments. copyright -all rights reserved =/div> 2 EFTA_R1_01585781 EFTA02473399