File 030989
Email Discussion of Michael Wolff's Book About Trump-Epstein Real Estate Deal (File 030989)
Email from Richard Kahn to Jeffrey Epstein regarding Michael Wolff's forthcoming book 'Siege' which details a controversial 2004 Palm Beach real estate transaction involving Trump, Epstein, a Russian oligarch, and Deutsche Bank financing.
Summary
Richard Kahn forwards articles to Jeffrey Epstein about Michael Wolff's book 'Siege,' which claims Epstein facilitated a real estate deal where Trump purchased a $55 million Palm Beach mansion for approximately $40 million (financed entirely by Deutsche Bank), later reselling it for $125 million to Russian industrialist Dmitry Rybolovlev for $96 million. Wolff theorizes the deal may have involved either Trump earning a fee for hiding a shadow owner or facilitating money laundering. The email includes the full Raw Story article published May 29, 2019, along with contact information for Richard Kahn at HBRK Associates Inc.
From: Richard KahnSent: 5/29/2019 10:28:52 PMTo: Jeffrey Epstein [jeeyacation@gmail.com]Subject: Wolff BookImportance: Highi am sure you read attachedarticles already on internet..https://www.rawstory.com/2019/05/new-book-paints-sordid-picture-of-trump-real-estate-deal-involving-russian-oligarch-and-jeffrey-epstein/New book paints sordid picture of Trump real estatedeal involving Russian oligarch and Jeffrey EpsteinBy Travis Gettys - May 29, 2019President Donald Trump departs the White House for Palm Beach, FL (Shutterstock)AddThis Sharing ButtonsShare to FlipboardShare to Facebook Share to Twitter Share to LinkedIn Share to MoreA new book claims Jeffrey Epstein played a key role in a shady Palm Beach real estate deal between PresidentDonald Trump and a Russian oligarch.Michael Wolff's forthcoming book, "Siege," details the 2004 property deal that involved the future president,Deutsche Bank, a child predator and an ally of Russian president Vladimir Putin, reported The Guardian.HOUSE OVERSIGHT 030989ADVERTISINGAccording to Wolff's account, Epstein showed his friend Trump a $55 million mansion he planned to buy, butTrump instead went behind his back to buy the foreclosed property for about $40 million.Epstein didn't believe Trump could raise that much money on his own, through an entity called TrumpProperties LLC that was entirely financed by Deutsche Bank, Wolff wrote.The billionaire financier knew Trump had been loaning out his name in real estate deals for a fee, and hesuspected the freshly minted reality TV star was fronting for the mansion's real owners.74-.PUP.Epstein threatened to expose the deal until he found himself under investigation by Palm Beach police for childsex abuse and human trafficking, and he eventually served 13 months in county jail as part of a controversialplea agreement brokered by Trump's future Labor Secretary Alex Acosta.Trump later put the mansion on the market for $125 million, despite making only minor improvements to theproperty.It was purchased for $96 million by Dmitry Rybolovlev, a Kremlin-linked industrialist — which meant Trumpmade $55 million on the deal despite risking none of his own money.Wolff offers two possible theories for the deal.The author suspects that Trump may have earned a fee for hiding a shadow owner who possibly was funneledcash by Rybolovlev for reasons beyond the property's value.Or, Wolff theorizes, Rybolovlev essentially bought the house from himself, with Trump as an intermediary, tolaunder ill-gotten money."This," Wolff wrote, "was Donald Trump's world of real estate."Rybolovlev tore down the mansion in 2016 and sold off the property as three lots for less than the $115 millionhe had invested in it.Top of FormDon't let Silicon Valley control what you see. Get more stories like thisin your inbox, every day.Email AddressBottom of FormAddThis Sharing ButtonsShare to FlipboardShare to FacebookShare to TwitterShare to LinkedIn Share to MoreReport typos and corrections to corrections@rawstory.comHOUSE OVERSIGHT 030990Next on Raw Story >Russia is 'likely' conducting nuclear testing — despite Trump's friendship with Putin: US intel agenciesRichard KahnHBRK Associates Inc.575 Lexington Avenue 4th FloorNew York, NY 10022telfaxcellHOUSE OVERSIGHT 030991