File 032496

Email Chain Regarding Art Acquisition Fund Management and Banking Procedures (File 032496)

Email correspondence between Jeffrey Epstein, his attorney Darren Indyke, and art advisor Etienne Binant discussing the setup and management of banking procedures for acquiring contemporary art, including wire transfer processes and fund allocation.

Summary

This email chain from February 2017 documents discussions between Epstein's attorney Darren Indyke and art advisor Etienne Binant regarding the establishment of banking and fund management procedures for art acquisition activities. The correspondence covers the setup of a $1 million bank account, preferences for wire transfers over checks, internet banking access for fund management, and operational details for acquiring artworks directly from artists' studios in locations such as Los Angeles and Berlin. The exchanges reflect coordination on logistics, payment processing, and record-keeping procedures for what is characterized as supporting emerging artists.

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From: Darren Indyke
Sent: 2/17/2017 8:34:47 PM
To: Jeffrey Epstein [jeeyacation@gmail.com]
Subject: Re: update
Importance: High
Privileged - Redacted
DARREN K. INDYKE
DARREN K. INDYKE, PLLC
575 Lexington Avenue, 4th Floor
New York, New York 10022
******************************************************************************************
************
The information contained in this communication is confidential, may be attorney-client
privileged, and is intended only for the use of the addressee. It is the property of
Darren K. Indyke, PLLC. Unauthorized use, disclosure or copying of this communication
or any part thereof is strictly prohibited and may be unlawful. If you have received this
communication in error, please notify us immediately by return e-mail, and destroy this
communication and all copies thereof, including all attachments.
Copyright of Darren K. Indyke, PLLC - 0 2017 Darren K.
Indyke, PLLC — All rights reserved.
******************************************************************************************
*************
On Feb 17, 2017, at 3:26 PM, jeffrey E. <jeevacation@gmail.com> wrote:
Privileged - Redacted
On Fri, Feb 17, 2017 at 8:00 PM, _Darren Indyke <
IIIIIIIIIII
> wrote:
i i
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i Privileged - Redacted i
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DARREN K. INDYKE
DARREN K. INDYKE, PLLC
575 Lexington Avenue, 4th Floor
HOUSE OVERSIGHT 032496
New York, New York 10022
*****************************************************************************************
*************
The information contained in this communication is confidential, may be attorney-client
privileged, and is intended only for the use of the addressee. It is the property of
Darren K. Indyke, PLLC. Unauthorized use, disclosure or copying of this communication
or any part thereof is strictly prohibited and may be unlawful. If you have received this
communication in error, please notify us immediately by return e-mail, and destroy this
communication and all copies thereof, including all attachments.
Copyright of Darren K. Indyke, PLLC - 0 2017 Darren K.
Indyke, PLLC — All rights reserved.
*****************************************************************************************
**************
Begin forwarded message:
From: Etienne Binant
Subject: TR: TR: update
Date: February 16, 2017 at 9:29:08 PM EST
To: Darren Indyke < .
Dear Darren
I hope all is well
can you let me know if the below modus operandi works for you?
all the best
e
De : Etienne Binant •
`1
Envoye : mercredi 15 fevrier 2017 18:15
A: Darren Indyke
Objet: RE: TR: update
Thanks Darren
Good news!
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I'm under the impression that checks will be exceptional (they are more cumbersome to handle), and we will
use mostly wires.
Considering the time difference, my heavy travel and my own propension to do things at night and on week-
ends I would much prefer having an internet code and be able to organize everything online when I need to.
When I use Interaudi (my US bank), they can do that, store the recurring beneficiaries, and do wires in
multiple currencies, but I am not familiar with DB.
Of course, you could also have the same access and help me when needed.
Also, your point about bookkeeping is mitigated by the fact that, in any case, I will also need to have
someone keeping track of the receipts and inventory, before shipping proofs to you. In any case there will be
need for some work on my side before final filing is done.
On the other hand, if there is a "checks and balances" control issue, there could be a cap to my wiring powers
(like the 10 K we discussed), that would be absolutely fine for me if this is the intent.
Please do let me know.
We can also talk about it (in Hawai now, free after 2 PM your time)
In any case, this is good and happy news. I'll review the first list of payments over the week-end.
Etienne
De : Darren Indyke <__________________
Envoye : mercredi 15 fevrier 2017 13:00:07
A: Etienne Binant
Objet: Re: TR: update
There is $1mm in the bank account. We can prepare checks or wires for you to sign upon request. This way
book keeping gets done at same time. Just send back up with each request. How does that sound?
Sent from my iPhone
On Feb 14, 2017, at 8:18 PM, Etienne Binant < wrote:
Dear Darren
Latest from JE (indeed, encouraging)
Please let me know when account/wire are active, and how I can access internet banking and start the ball (in
fact, it has started)
all the best
e
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De : jeffrey E. <jeevacation@gmail.com>
Envoye : vendredi 10 fevrier 2017 18:40
A: Etienne Binant; Lang, Caroline
Objet: Re: update
yes, lets start. . yes we are on. sorry with trump around its been very crazy busy
On Fri, Feb 10, 2017 at 7:59 AM, Etienne Binant < wrote:
Hi Jeffrey
Happy to talk to you almost anytime today until around 3PM. Just tell me what number I should reach.
Not sure what got lost in translation here: never had the intention to go to any art fair or art show or
anything of the kind.
All the artists we have in mind or send to you are people we have direct connections with. Not just their
studio, but also their home. They are people the work of whom we follow, and many of them are already
friendly (Arianna, Cali have had dinner or stayed home).
The idea is absolutely to have an impact on the ecosystem and to make a difference by supporting great
artists when they need it.
Galleries references are important, because galleries allow artist to reach a broader audience. We would go
directly to the source.
This is why it's important for me to go to LA or Berlin (or elsewhere) because those artists are not rich yet,
they dont travel so much. They belong to a scene, and it does make a big difference to them if you connect
in person.
The spirit is to have an impact on young, talented folks, and absolutely to stay at the source.
Once again, not sure was drifted away from this in communication
E
De : jeffrey E. <jeevacation@gmail.com>
Envoye : vendredi 10 fevrier 2017 12:32
A: Etienne Binant
Cc: Darren Indyke
Objet: Re: update
going to artists studio s much more appropriate , i think
On Thu, Feb 9, 2017 at 9:49 PM, Etienne Binant .: wrote:
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Gentlemen
I hope you are having a great week.
In LA hoping to begin acquiring pieces: are we on?
If not yet, when please
thanks
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
HOUSE OVERSIGHT 032500
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
HOUSE OVERSIGHT 032501

Topics

art acquisition banking procedures legal correspondence

People Mentioned

Jeffrey Epstein Financier

Darren Indyke Attorney