From: Brad Wechsler
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: Fw: Re:
Date: Wed, 31 Aug 2016 20:33:20 +0000
Remarkable, no?
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From: Joe Avantario
Date: Wed, 31 Aug 2016 18:58:57 +0000
To: Brad Wechsler<I
Cc: John Castrucci<
Subject: RE: Re:
The GAAP financials show a Loss of $1.47MM not income. We will provide Rich with any support he needs
Joe
Begin forwarded message:
From: Brad Wechsler -1
Date: August 31, 2016 at 1:28:58 PM EDT
To: Richard Joslin , John Castrucci •
Cc: Joe Avantario
Subject: Re:
Reply-To: Brad Wechsler
Joe/john/rich-wld you please get on top of this. I need real, 2015 verified numbers for book P&L and tax. This
shldnt be a big deal. Ditto on artspace and phaidon and phaidon 11c. These books have been closed--or shld
have been closed--a long time ago??
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Original Message
From: Richard Joslin
Date: Wed, 31 Aug 2016 17:03:30
To: Brad Wechsle John Castrucci<
Cc: Joe Avantario
Subject: RE:
See John Murphy financials attached. Realize that commssions are capitalized into cost of book are not
expensed so cash contributions by owner will not be directly correlated to P&L GAAP
This is not tax numbers but GAAP.
Regan Arts will have tax adjustments to inventory that will change COGS
I have not looked at this too closely as not yet a priority. BDO team that did last year is in process of looking at
the inventory capitalization. I have all the information from John Mutphy for them to perform the work
BDO bookkeeping started work in 2016 and 2016 books are managed by them
Original Message
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From: Brad Wechsler
Sent: Wednesday, August 31, 2016 12:56 PM
To: John Castrucci < >, Richard Joslin
Subject:
Btw, jeffrey seemed to interpret what rich said yesterday as regan arts making taxable income in '15. Can that
be correct?
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