From: Jeffrey Epstein <jeevacation@gmail.com>
To: "Erdoes, Mary E" Jes Staley
Subject:
Date: Wed, 28 Sep 2011 09:56:54 +0000
The proposal that Bill gets reduced fees , and then channels the discount to me, is an idea that is still born for
many of the reasons that we discussed. I think the solution is quite simple. JPM engage an entity , ( a law firm ,
bank, trust co .etc ) that it pays a percentage of its profits on the DAF every year. This amount could be
supplemented or decreased by other business directly related to that entity ( kazzak govt for example ).. The
only issues would be what type of entity and the relevant rules and reporting requirements. and the amounts and
how they are calculated. AS I had proposed , I stand willing to pay my share of costs . legal etc. / An early
iteration was that A bill entitty simply hired JPM to do the administration for his DAF. I didn;t think that was
the right structure, as the profits would mostly stay in his entity, but maybe that can be revisited.
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