Epstein Data Wiki

Brad Wechsler

Properties2
tagsperson, leon-black, elysium-management, apollo-global-management, imax, deutsche-bank, family-office, tax, trusts, new-york
aliasesBrad Wechsler, Bradley J. Wechsler, Bradley Wechsler, Wechsler, Bradley J, B. Wechsler, Brad Weschler

42 min read

Brad Wechsler

⚠ what this page is about, and what it is not

Brad Wechsler is the second officer of Elysium Management LLC, the family office of Leon D. Black. He is the man in that office who wrote to Jeffrey Epstein most often, and he is the man the office’s 2015 restructuring was about. This page records documents he wrote, the structure work he reported on, the legal question his own role raised, and what a bank recorded about him. No allegation against him was found in the material reviewed for this page and none is made here. Being an officer of Leon Black’s family office is not an allegation of anything, and neither is being screened by a bank. No telephone number, fax number, e-mail address, client reference, case reference, identity number or home address appearing in any document cited below is reproduced on this page. ⚠ Three classes of material are deliberately withheld and the reasons are given where they arise: characterisations of his competence written about him by a third party; one bank analyst’s description of a regulatory record, on sheets this desk has not been able to open; and a passing reference he makes to his own medical appointments, which has no bearing on anything here.

RoleOfficer of Elysium Management LLC, the family office of Leon D. Black, at 445 Park Avenue, Suite 1401, New York12
What he actually did thereTraded Leon Black’s money. His own lawyer’s phrase for it is “the discretionary trading”, and whether doing it made him an investment adviser required to register is the question the office spent June 2015 on34
Titles, as they move”member (managing director)” in his own words, 2 June 2015; in the same message he offers to change it “to the more conventional “ceo""; “Managing Partner” on a Deutsche Bank contact record; “CEO, Chairman of IMAX” on Deutsche Bank’s account plan of July 2016526
The other chairIMAX Corporation. His assistant signs one block for both offices, and his own messages to Epstein carry the IMAX footer17
Reach in the full text4,532 documents carry “Brad Wechsler”; a union across every measured name form reaches 4,640; the bare surname reaches 5,006, of which 39 are other people89
Act rate1,699 of 4,640 documents (36.6%) carry a message whose sender field is his. Of the 4,300 that carry any extracted sender at all, 39.5%. Both come from a derived header table and are floors10
When he wroteHis sent messages cluster hard: 161 in 2014, 1,224 in 2015, 602 in 2016, 117 in 2017, 2 in 201810
Anchor6 March 2015: he sends Epstein three charts of the Phaidon corporate structure “all with attendant money movement”, and tells him the office is “confirming that people with appropriate authority authorized corporate activities and fund transfers”11
Litigation recordHe is not a party to, or a witness in, any proceeding found in the material reviewed for this page. He is named once inside a filed court document, as the recipient of a bank’s investment pitch12

Brad Wechsler is the officer through whom Leon Black’s own money moved on paper. Where Richard Joslin kept the books, Ada Clapp drafted the instruments and Eileen Alexanderson typed the wires, Wechsler corresponded with Jeffrey Epstein about what the structure was for, and he was the one who traded. He sent Epstein charts of the entities, reported what the tax lawyers had agreed, asked which of them was writing which document, and in June 2015 wrote the single most quoted sentence in this cluster of pages.

The office itself, and what it did, is set out at Elysium Management LLC and is not re-derived here. This page is about the man, and about one week in June 2015 that the office’s own page does not carry to its end.

Identification, and the name forms

Three documents settle that the Elysium officer, the IMAX chairman and the “Bradley J Wechsler” of the bank’s due-diligence file are one person, with no inference from outside the release.

  1. His assistant’s signature block is a single printed line and is quotable as one: “Yvonne Berger | Executive Assistant to Mr. Wechsler | Elysium Management”, above the office’s address, beneath a message whose own footer is IMAX Corporation’s.1
  2. His message to Epstein of 7 November 2016 carries the IMAX Corporation footer and is signed by no other name.7
  3. Deutsche Bank’s wealth-management account plan of July 2016 gives the office’s key personnel as Leon Black, “Principal, Founder of Apollo”, and Brad Wechsler, “CEO, Chairman of IMAX”.6

The name forms were measured before anything here was written, and the middle-initial form is not a variant of the plain one.

Form queriedDocumentsOutside "Brad Wechsler"Note
"Brad Wechsler"4,532n/athe base form8
"Bradley J Wechsler"9891the legal form, used by the bank and the public-records vendors8
"Bradley Wechsler"1111adjacent, no middle initial. Measured, not assumed: 2 of the 11 also carry the middle-initial form and 9 carry neither other form8
"Wechsler Brad"642surname-first and comma forms are one query on this tokeniser, not two corroborating forms8
bwechsler (bare token)897an address-local fragment the tokeniser splits out8
Union of all five4,640+108, 2.4%the population used throughout this page8
"B Wechsler"00a real zero, and a claim about the form, not the man8
"Brad Weschler"00the obvious misspelling does not occur8

A page keyed on the plain form alone would lose 108 documents, and the formal name is where the official instruments live. The 91 documents reached only by “Bradley J Wechsler” are the bank screening file, the public-records reports and the corporate officer lists. This is the shape this desk has now recorded for four subjects.

⚠ Every figure above is a floor. Damaged spellings of the surname were not enumerated by a vocabulary sweep for this page. That is recorded as unrun, not as zero.8

The bare surname, partitioned

The bare token Wechsler reaches 5,006 documents, 372 of them outside the union of named forms. All 372 were read at the text layer and classified, because a shared surname must be partitioned and never assumed.

ClassDocumentsWhat it is
His own file333chiefly his assistant’s signature block, and Epstein writing “wechsler” with no forename9
Other people and other senses39five distinct other referents9

The 39 are: a man the sheets give as “Will Wechsler” with a Department of Defense title, 14 documents; a Florida appellate citation, 9; a person the sheets give as “Risa Wechsler; Physics; Stanford Univ”, 7; a person the sheets give as “Ted Wechsler” in a message about a book, 3; the clinical intelligence scales that carry their author’s surname, 3; and a corporate officer the sheets give as “ARTHUR J WECHSLER”, 2. Read against the whole surname set the contamination is 0.78%; read against the residue alone it is 10.5%.9

6 March 2015: the charts, and the partnership filing

The clearest single act on this page is a transmittal. Shortly after midnight on Friday 6 March 2015 Wechsler sent Epstein three documents and a plan. The message carries no sender block on the sheet it sits on; the attribution is the envelope chain on the preceding sheet, which reads “On Fri, Mar 6, 2015 at 12:39 AM, Brad Wechsler” over a barred address, and the message is signed “Best, Brad”.1113

“1. The corporate structure Phaidon, the trusts and the acquisition entities, all with attendant money movement. It should look hauntingly familiar. I still consider it a draft but I believe it is in pretty good shape.”11

“2. What Phaidon looks like now, after the insertion of Phaidon Global, Art Space and the Regan entities. We also show the money that was put into the various entities post the Phaidon acquisition (although the $3.2 million dollars that went in to 2013 to buy preferred shares is shown on the previous chart).”11

“3. Phaidon governance structure showing trustees, beneficiaries and managers.”11

He then set out two next steps. The first proposes a call, “(These charts will be very hard to follow without a verbal walk-thru)”.11 The second is the sentence to stop at: “2. Independent of that we are investigating exactly where we have (and don’t have) paper and confirming that people with appropriate authority authorized corporate activities and fund transfers.”11

Epstein answered at 14:12 that afternoon by asking for more of the same: “why don’t you have your paralegal do the same ( charts ) for each and every entitiy, bjav, avionetaa. narrows. pent. each llc. , every house. friends ventures. etc. relate it to bank accounts . valuations. etc.”13

By the evening Wechsler had reported twice more. At 5:45 PM he passed on a timetable for a gift tax return and asked a question about Ronald Lauder: “PS: I’m told you and the lauder people are on the same page now on “friends partners”. Correct??”13 At 7:28 PM he confirmed what had been agreed: “Since there is an ein # I heard that you were likely Ok with the partnership filing which means each of leon and RL contributing $1.25mm to the pshp for use tax. Nothing shown on individual returns. You should close the loop with RJ when you have time. Envious of you in paris!”13

⚠ What this establishes and what it does not. It is a documented fact that Wechsler sent Epstein the corporate structure, the money movement and the governance of these entities, told him the office was checking whether authorised people had authorised the transfers, and reported the shape of a partnership filing to him before it was made. It does not establish that Epstein directed any of it, and nothing on these sheets is an instruction from him. The 5:45 PM message reports what Wechsler was told by a third person whose name is barred, and is his account of it. Whether the partnership filing was made in the terms described is not established by anything read for this page.

This is the exchange the sibling pages turn on, and this page carries it two days further than they do. The Paul, Weiss proposal and the chief legal officer’s answer that Epstein’s goals for tax reporting had not been shared with her are set out at Elysium Management LLC and at Ada Clapp and are not restated.14 What follows is the part that is about him.

His four points

At 2:02 PM on Tuesday 2 June he answered the office’s chief legal officer in four numbered lines, copying the chief financial officer, Jeffrey Epstein and outside counsel. Read whole rather than for its third line, it is a man agreeing to be demoted on paper and asking what he keeps.

“1. I assume leon owns 100% of elysium?”5

“2. Its ok to remove me as a member (managing director) of elysium but instead have leon delegate authority to me for managing, signing, etc. I’d leave my title or change it if u want to the more conventional “ceo” if that means anything.”5

“3. Critical point is that this comports with jeffrey’s desires/goals for tax reporting.”5

“4. If it doesn’t, can ldb just give me a poa without compliance or ria issues. Hasnt rowan’s and harris’ offices figured this out?”5

⚠⚠ WHAT THE THIRD LINE ESTABLISHES, STATED NARROWLY, BECAUSE IT INVITES MORE THAN IT CARRIES. It is a documented fact that he wrote that sentence, that Epstein was in the copy line, and that the office’s own chief legal officer replied the same day that Epstein’s goals for tax reporting had not been shared with her. The sheet does not establish who he was speaking for when he wrote it, what authority he had to say it, whether Epstein had ever told anybody what those goals were, or whether the restructuring happened. No executed instrument is in the material reviewed for this page.

The second line is the origin of a title. He offers in June 2015 to be called “ceo”; his lawyer adopts the word the same evening; and thirteen months later Deutsche Bank’s account plan for the office records him as “CEO”.36 The fourth line measures his arrangement against two others, “rowan’s and harris’ offices”, the family offices of Apollo’s two other founders. No document read for this page says what those offices did.

What it was all for

At 6:25 PM the same evening the chief legal officer wrote to Epstein and named the thing being solved: “Brad and I have spoken a bit more about the discretionary trading. There seems to be two approaches. In both cases, Brad would no longer be a Managing Director of Elysium but would become an officer (CEO):”3

Both approaches were built round the same statutory exception: “The family office exception should apply with either approach because the investing entity is controlled by LDB (either directly or as the managing director of Elysium) and is managing only family member money.”3 Both also answered his employer: “Apollo’s personal trading restrictions can be satisfied by having the CEO of Elysium, or the Manager of Investco provide Apollo quarterly certification it requested.”3 She closed by asking Epstein which he preferred.

⚠ This is the fact the office’s own page cannot state and this one can: the restructuring was about Brad Wechsler’s capacity to trade Leon Black’s money, and both proposed structures existed so that the man doing the trading would not have to register.

Epstein answers, and the office does not do it

At 7:18 PM Epstein replied to the chief legal officer, Wechsler and Melanie Spinella, in one line: “i think brad should trade under a poa limited to trading leons personal account .. and get it done”3

At 9:18 the next morning the chief legal officer put the objection to him directly: “If we have Leon open the accounts and give Brad a power of attorney we risk Brad having to register as an investment advisor. An alternative closer to this arrangement that would take advantage of the family office exception is for Leon to open the trading accounts and then enter into an investment advisory agreement with Elysium. Brad as CEO of Elysium could handle investments.”4 She ended: “Do you agree with this approach?”4

At 9:33 Wechsler wrote to her: “Ada-can we discuss…want to find simple fast path. Let’s talk in person.”15

At 9:37 Epstein answered her question in one word: “no”4

At 14:20:06 UTC she wrote again to Epstein and Wechsler together, and did not move: “Paul, Weiss has advised that Brad may be deemed to be an investment advisor, requiring registration, if he manages Leon’s funds for compensation, unless the arrangement falls within an exception.”4 On Epstein’s preferred route she set out two objections: “While, under the arrangement Jeffrey suggests, Brad will not receive any compensation specifically under the power of attorney, there is a concern that part of Brad’s compensation from Elysium might be imputed to his efforts under the power of attorney. If that were to occur, the RIA rules would apply, and there would be no exception.”4 And: “Further, if Leon has the power to revoke the power of attorney at any time, without notice, it is not clear that we fall outside the Apollo trading policy.”4 She closed by restating her own solution and asking “Please let me know how you wish to proceed.”4

⚠⚠ WHAT THIS SEQUENCE DOES AND DOES NOT SHOW, AND IT BEARS ON A FINDING PUBLISHED ELSEWHERE ON THIS WIKI. Elysium Management LLC records that no document read for that page carries an instruction from Epstein to that office. These sheets were not among the ones read there, and they do carry an Epstein direction in imperative form, “and get it done”, followed by a flat “no” to the lawyer’s alternative. What they equally show is that the office did not simply do it: the chief legal officer put the registration risk in writing twice inside twenty hours, refused to drop her own solution, and asked him how he wished to proceed. ⚠ No document read for this page records what was decided, and no executed power of attorney, investment advisory agreement or amended LLC agreement is in the material reviewed here. A direction that meets written resistance and leaves no executed instrument is not a chain of command, and this page does not turn it into one.

2016: the 8865 work, and who was writing what

Through the second half of 2016 Wechsler is the officer coordinating a tax filing exercise around Black and Paul, Weiss.

On Friday 26 August 2016 an assistant asked whether he could join a conference call “today with Jeffrey, Brad Karp and Pat Fenn at !lam?” and he answered “Yes, fine…”.16 That call is already recorded at Brad Karp, where it was Karp who asked for Wechsler to be added, and it is not re-derived here.17

On the night of Monday 7 November 2016 he wrote to Epstein directly, three sentences, from an IMAX address: “I got a download from jc and rj on the 8865 call earlier today and there’s an issue I’d like to discuss with you. Also, are you interacting with brad karp on the “reasonable cause” cover note or do you want me to? Finally, is PW writing for all three guys?”7

⚠ Form 8865 is the United States return for persons with interests in certain foreign partnerships, and a “reasonable cause” statement is what a filer attaches to ask that a penalty for late or missing filing be abated. That is the ordinary meaning of the two terms; no document read for this page defines them, which is why the sentence is quoted and not paraphrased. “rj” is Richard Joslin, on the initials this office uses throughout; “jc” and “all three guys” are not resolved by anything read here and no expansion is offered for either.7

What it shows about his position is the shape of the question. He does not ask Epstein for permission. He asks which of the two of them is dealing with Black’s outside counsel, and whether that firm is acting for three people rather than one. A man asking who will handle a document is a man who could handle it himself.

2018: what Deutsche Bank’s file says about him

In July 2018 Deutsche Bank was still trying to clear a know-your-customer case on Leon Black, and Wechsler was one of the people it screened.

On 6 July 2018 the bank’s private-wealth research unit completed a due-diligence report headed “NAME SEARCHED: Bradley J Wechsler”, prepared by a named research analyst.18 Its summary sheet records “No RDC Alert”, “No FIRCOSOFT Alert”, Negative Media: “No Information Found”, and results found under two further headings.18 The screening sheet behind it records “No Match Found” against the Office of Foreign Assets Control list and four columns reading “No Alert”, under a LexisNexis footer dated 7/6/2018 and the line “Report processed by: DEUTSCHE BANK AG”.19

Five days later a know-your-customer case representative in the bank’s Mumbai office wrote to a colleague, copying Stewart Oldfield, attaching refreshed research on Wechsler and on two Apollo entities. His opening line places the whole exercise: “This relates to KYC Case#… which is in rejected status for high risk account – Leon D. Black with GCIS#… under the ELYSIUM MANAGEMENT RELATIONSHIP.”20 Two internal bank reference numbers are omitted from that quotation at the ellipses and are not reproduced anywhere on this page. He closed by saying the feedback he wanted “will allow me to discount the negative media which is the only pending item on this case, at the moment (other than the pending AML approval)”.20

⚠⚠ One item in that message is withheld, and the bases are given in full because a half-hedge is worse than either course. Under the heading bearing Wechsler’s name the analyst asks the business to help him discount something he says the research report raises at its pages 31 and 32, and describes it in one sentence.20 That sentence is not reproduced here. The bases: it is one bank employee’s characterisation of a regulatory record concerning a living private individual; pages 31 and 32 of that report are not among the sheets of it in the release, so this desk has not read the underlying record and cannot say what it is or whether it concerns him personally rather than a company; the same report’s own Negative Media field, on the sheets that are produced, reads “No Information Found”; and the analyst’s own question is whether the item can be discounted.182021 A description of a record is not the record.

⚠ The research report is a mixed run in the sense this desk means it. Its produced sheets include public-records pages carrying fields for a social security number, a date of birth, a home telephone number and residential addresses. None of those values is reproduced here, and none of those sheets is cited on this page for anything.21

What others wrote about him

Two entries, both acts by other people, both stripped of the characterisations that came with them.

On 12 January 2017 Epstein wrote Leon Black a numbered list of steps headed “lets begin, preparation .- taking steps.” Its fifth item concerns the office. In it Epstein wrote that “wechsler should transition OUT”, and then asked, of a third person’s own organisation, “would she take wechsler?”22 ⚠ The remarks about his capability in the same two sentences are withheld. They are one man’s account of a living private individual, nothing else read for this page corroborates them, and the act recorded, which is Epstein recommending to Black that his family office’s second officer be moved out, does not depend on them. Nothing read here records whether that happened. He is still being screened as a related party of the same bank relationship eighteen months later, and Richard Joslin’s last dated message in the release, of 7 June 2018, is addressed to him.2023

On 1 August 2016 Epstein conveyed Black’s choice of successor to the general-partner interest in Black Family Partners to Wechsler and to the office’s chief legal officer. That message is quoted and cited on the partnership’s own page and is not re-derived here.24

Timeline

DateEventArranged / occurredSource
06/2007A commercial data vendor’s officer list in a 2018 bank file names him as a director of an Apollo entity from this month. A vendor compilation is not a filing, and no corporate filing establishing it was read herecannot tell25
6 Mar 2015, 12:39 AMSends Epstein three Phaidon structure and money-movement charts, and says the office is confirming that authorised people authorised the transfersoccurred11
6 Mar 2015, 5:45 PMReports a gift tax return timetable and asks whether Epstein and “the lauder people” agree on “friends partners”occurred13
6 Mar 2015, 7:28 PMReports the agreed partnership filing: $1.25m each from two named men, “Nothing shown on individual returns”occurred13
1 and 2 May 2015A thread headed “KCP Onboarding + Power of Attorney (POA)” runs between him, Epstein and Melanie Spinella. Not opened for this pagecannot tell26
2 Jun 2015, 2:02 PMAccepts removal as member and managing director of the office, offers to be called “ceo”, and writes that the change must comport with “jeffrey’s desires/goals for tax reporting”occurred5
2 Jun 2015, 2:42 PMAsks whether running the office as an employee under a personal power of attorney is “not as clean”occurred27
2 Jun 2015, 6:25 PMThe office’s chief legal officer puts two approaches to Epstein, both making Wechsler an officer rather than a managing director, both to keep the office inside the family office exceptionoccurred3
2 Jun 2015, 7:18 PMEpstein replies: “i think brad should trade under a poa limited to trading leons personal account .. and get it done”occurred3
3 Jun 2015, 9:18 AMThe chief legal officer warns that a power of attorney risks Wechsler having to register as an investment adviser, and asks Epstein to agree an alternativeoccurred4
3 Jun 2015, 9:33 AMWechsler asks her for a meeting: “want to find simple fast path”occurred15
3 Jun 2015, 9:37 AMEpstein answers her question: “no”occurred4
3 Jun 2015, 14:20 UTCShe restates the Paul, Weiss advice and her own solution in writing to Epstein and Wechsler, and asks how they wish to proceedoccurred4
20 Nov 2015Epstein’s assistant asks him to book a meeting for Epstein at the office on 2 Decemberarranged14
22 Apr 2016His executive assistant offers to patch Epstein through to himoccurred1
1 Aug 2016Receives, with the office’s chief legal officer, Epstein’s message conveying Black’s choice of general-partner successoroccurred24
26 Aug 2016Joins a conference call with Epstein, Brad Karp and Patrick Fennoccurred1617
7 Nov 2016Asks Epstein who is dealing with Brad Karp on the “reasonable cause” cover note, and whether Paul, Weiss is writing for three peopleoccurred7
12 Jan 2017Epstein writes to Black that “wechsler should transition OUT” of the officeoccurred22
17 Apr 2017Copied on the office’s revised loan and guaranty correspondenceoccurred28
6 Jul 2018Deutsche Bank completes a due-diligence report on “Bradley J Wechsler”: no alerts, negative media “No Information Found”occurred1819
11 Jul 2018A Deutsche Bank case representative circulates refreshed research on him and two Apollo entities in a rejected know-your-customer case on Leon Black under the “ELYSIUM MANAGEMENT RELATIONSHIP”occurred20

What this page does not establish

These absences are scoped to the material reviewed for this page and to the searches named at 29. They are not claims about the release, and the searches they rest on returned documents that were opened and read rather than counted.

  • What his agreement with the office was. No employment agreement, engagement letter, operating agreement, executed power of attorney, investment advisory agreement or board minute naming him was found. The two documents in the release that pair his name with the phrase “employment agreement” are one Apollo instrument printed twice, and the phrase there describes somebody else.29
  • How the June 2015 question was resolved. The two approaches, Epstein’s preference, the lawyer’s objection and his refusal are all on the sheets. No executed instrument of any kind answering them is in the material reviewed for this page, and the office’s own page records the same absence for the restructuring.
  • What he was paid, and by whom. No payroll record, invoice, wire instruction or tax form naming him as a payee was found. His compensation from the office is referred to in the abstract by his own lawyer and is never quantified on any sheet read here.
  • What happened after January 2017. Whether Epstein’s recommendation that he leave the office was acted on is not recorded on anything read here.
  • Anything about IMAX Corporation. His chairmanship is recorded here only because two documents in this release use it to identify him. No IMAX corporate record, filing or governance document was read for this page, and nothing here bears on that company.
  • The item at pages 31 and 32 of the 2018 research report. Those sheets are not in the release and the desk has not read them.

Notes

Footnotes

  1. Yvonne Berger to Jeffrey Epstein, Fri, 22 Apr 2016 13:51:09 +0000, whole body: “If you need to speak with Brad I can patch you into him on his cell.” EFTA00633611 p. 1. Read at the image at 500 dpi. Her signature block is a single printed line, “Yvonne Berger | Executive Assistant to Mr. Wechsler | Elysium Management”, and is therefore quotable as one string; the address line beneath it is a second single line giving 445 Park Avenue, Suite 1401. Her office and fax values and her e-mail beneath them are covered by bars and are not reproduced. The same message carries the IMAX Corporation footer, which is what ties the two offices together in one document. Her surname is given here from the face of this sheet. ⚠ The signature block is absent from this sheet’s extracted text layer altogether (the extraction stops after the message body), so a checker searching the text layer will report the quotation unresolved. It was read at the image and the reading is the image’s. ⚠ Elysium Management LLC records that no surname for “Yvonne” appears on any sheet read for that page. This sheet supplies it, and that page should be amended. ↩ ↩2 ↩3 ↩4

  2. The Deutsche Bank contact record giving “Full Name: Brad Wechsler”, “Company: Elysium Management” and “Managing Partner”, produced under a grand-jury confidentiality legend, is cited and described at Elysium Management LLC. Not re-derived for this page. ↩ ↩2

  3. Jeffrey Epstein to Ada Clapp, Brad Wechsler and Melanie Spinella, Tuesday June 02 2015 7:18 PM, subject “Re: Re AP Investco”, carrying beneath it Ada Clapp’s message to Epstein of the same day at 6:25 PM and, beneath that, Wechsler’s message of 2:02 PM. EFTA00855271 p. 2. Read at the image at 500 dpi. The run is four sheets and is one chain. Epstein’s message is one line and is quoted whole, with the sheet’s own double spaces. Clapp’s 6:25 PM message is quoted in three separate passages, each given here as a contiguous string on the sheet. A second copy of the same sheet is at EFTA00642838 p. 2, not rendered for this page. No recipient address from this sheet is reproduced, and neither is Epstein’s own. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  4. Ada Clapp to Jeffrey Epstein and Brad Wechsler, Wed, 03 Jun 2015 14:20:06 +0000, subject “RE: Re AP Investco”, carrying beneath it Epstein’s message to Clapp of Wednesday June 03 2015 9:37 AM, whose whole body is the word “no”, and beneath that Clapp’s message of 9:18 AM. EFTA00855271 p. 1. Read at the image at 500 dpi. ⚠ “no” is the entire body of the 9:37 AM message, and it stands as the answer to the question “Do you agree with this approach?” at the end of the 9:18 AM message quoted immediately beneath it. Nothing on this sheet or on any other read for this page says what was decided afterwards. Clapp’s signature block is a stacked field set with her direct dial, fax and e-mail lines covered by bars, and is not quoted. A second copy is at EFTA00642838 p. 1, which carries the 9:18 AM message in full. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  5. Brad Wechsler to Ada Clapp, copying Richard Joslin, Jeffrey Epstein and Alan S. Halperin, Tuesday June 02 2015 2:02 PM, subject “Re AP Investco”. EFTA00691372 p. 2. Read at the image at 700 dpi, and read again in a second copy at EFTA00855271 p. 2, also at 500 dpi, which carries the same four lines identically. The message closes “Sent from my Verizon Wireless BlackBerry”. ⚠ The extraction of the first copy renders “I assume leon owns 100% of elysium?” as I assume loon owns 100% of elysium?, and the extraction of the second capitalises “jeffrey’s” as Jeffrey's. Both images read “leon” and lowercase “jeffrey’s”, and the quotations above are the images’. A checker searching either text layer will report one of these quotations unresolved; the pins are correct and the extractions are wrong. The internal quotation marks around “ceo” are the sheet’s own. Sender and recipient values elsewhere are covered by bars and none is reproduced. ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  6. Deutsche Bank’s “Account Planning Initiative July 2016 (v1.0)” for the office, which records the client type as “Family Office” and gives the key personnel as Leon Black, “Principal, Founder of Apollo”, and Brad Wechsler, “CEO, Chairman of IMAX”, is cited and described at Elysium Management LLC, including the caution that the served page is a text rendering and not a photograph of the spreadsheet. Not re-derived for this page. ↩ ↩2 ↩3

  7. Brad Wechsler to Jeffrey Epstein, Monday November 7 2016 11:54:19 PM. EFTA01737954 p. 1. Read at the image at 500 dpi. The run is one sheet. His own sender value is covered by a bar. The sheet’s footer is IMAX Corporation’s standard notice, which carries a company switchboard number; that number is not reproduced here. The quotation marks around “reasonable cause” are the sheet’s own. The meanings given on the page for Form 8865 and for a reasonable cause statement are the ordinary meanings of the terms and are not taken from this or any other document in the release. ↩ ↩2 ↩3 ↩4 ↩5

  8. Counts taken 21 September 2026, distinct EFTA identifiers, FTS5 phrase queries scoped to text_content, run against the local full-text corpus. "Brad Wechsler" 4,532; "Bradley J Wechsler" 98, of which 91 carry no instance of the base phrase; "Bradley Wechsler" 11, all 11 outside the base phrase, of which 2 also carry the middle-initial form and 9 carry neither other form (the intersection was measured, not inferred); "Wechsler Brad" 64, of which 2 outside, and note that this tokeniser splits on the comma so "Wechsler, Brad" and "Wechsler Brad" are one query and not two corroborating forms; the bare token bwechsler 89, of which 7 outside. The union of all five is 4,640, 108 documents and 2.4% beyond the base form. "B Wechsler" 0 and "Brad Weschler" 0. The bare token Wechsler reaches 5,006. ⚠ Every figure is a floor. A Damerau-Levenshtein sweep over fts5vocab tokens was not run for this page, so damaged spellings of the surname are not enumerated; that is recorded as unrun rather than as zero. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  9. The bare-surname partition, hand-classified. The 372 documents carrying the token Wechsler and no measured named form were each read at the text layer and classified by the context around the token, located with a word-boundary search rather than a substring search so that the display and the filter agree. 333 are this subject, chiefly his executive assistant’s signature block and Epstein’s habit of writing the bare surname with no forename. 39 are other referents: a man the sheets give as “Will Wechsler” with a Department of Defense title, 14 documents; a Florida appellate citation, 9; a person the sheets give as “Risa Wechsler; Physics; Stanford Univ”, 7; a person the sheets give as “Ted Wechsler” in a message about a book, 3; the clinical intelligence scales that carry their author’s surname, 3; and a corporate officer the sheets give as “ARTHUR J WECHSLER”, 2. Against the whole bare-surname set of 5,006 the contamination is 0.78%; against the 372-document residue it is 10.5%. This is a statement about those 372 documents and about the classifier’s context window, not about the 4,640. ↩ ↩2 ↩3 ↩4

  10. Act rate, from the release’s derived e-mail header table, and therefore a floor. Across the 4,640 documents of the name-form union, 4,300 carry at least one extracted sender value of any kind and 1,699 carry at least one message whose sender field is this subject: 36.6% of the population and 39.5% of the documents with any sender at all. 3,194 of the 4,640 carry him in a To or Cc field. Every distinct sender value in that table containing the surname was listed and read: all of them are this subject, across 110 spellings, the largest being the clean form at 1,544 documents, the rest extraction damage or his assistant sending on his behalf. The year distribution of his sent messages, counted by header rows and not by documents, is 1 in 2011, 161 in 2014, 1,224 in 2015, 602 in 2016, 117 in 2017, 2 in 2018 and 1 in 2020, with 26 rows carrying no parsable year. ⚠ A derived header table is not the documents. It is built from the same text layer this page shows fabricating words, it counts a quoted message inside a thread as a sender row, and a zero in it would be an absence of headers and not an absence of acts. ↩ ↩2

  11. Brad Wechsler to Jeffrey Epstein, Friday 6 March 2015 at 12:39 AM, the earliest message of a chain printed across two sheets. EFTA01746996 p. 2. Read at the image at 500 dpi. The run is three sheets: p. 1 the later messages, p. 2 this message, p. 3 confidentiality boilerplate only. This sheet carries no From or To block of its own; the attribution is the quoting line at the foot of p. 1, recorded at 13. The message is signed “Best, Brad”. The numbered items are quoted with the sheet’s own spacing. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  12. The one appearance inside a court filing. A filed document in the Virgin Islands litigation against JPMorgan Chase, setting out proposed findings with exhibit references, describes a JPMorgan managing director sending a $20m investment portfolio to Brad Wechsler and copying Jeffrey Epstein. EFTA02815839 p. 1. Text layer only; this sheet was not rendered for this page, and the sentence is described rather than quoted because his e-mail address is printed inside it and is not reproduced here. ⚠ He is not a party, a defendant or a witness in that proceeding on anything read here, and the passage makes no allegation against him; it is cited only so that this page does not say there is no court document naming him. This is the only such document found in the searches at 29. ↩

  13. The later messages of the same chain, all on EFTA01746996 p. 1. Read at the image at 500 dpi. In quoting order from the top: Brad Wechsler to Jeffrey Epstein, Friday March 6 2015 7:28:27 PM; Epstein to Wechsler Fri, 6 Mar 2015 17:52:35 +0100; Wechsler’s message of 5:45 PM quoted beneath it; a message of Fri, 6 Mar 2015 13:16:22 +0000 whose sender value is covered by a bar and which is therefore attributed to nobody here; Epstein to Wechsler Fri, 6 Mar 2015 14:12:11 +0100; and the quoting line “On Fri, Mar 6, 2015 at 12:39 AM, Brad Wechsler” over a barred address, which is the attribution for p. 2. ⚠ The extraction of this sheet renders “PS: I’m told you and the lauder people” as PS: Pm told you and the lauder people; the image reads “I’m”, and a checker searching the text layer for that quotation will report it unresolved. The pin is correct and the extraction is wrong. ⚠ Two clock conventions appear: Epstein’s headers carry an explicit +0100 and Wechsler’s Outlook stamps carry a bare clock time with no zone, so no interval across the two is asserted, and the order given is the quoting order on the sheet. Sender and recipient values are covered by bars throughout and none is reproduced. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  14. The office, and the first half of the 2 June 2015 exchange. What Elysium Management LLC was, who staffed it, what it did, the Paul, Weiss proposal of that morning, the chief legal officer’s answer that Epstein’s goals for tax reporting had not been shared with her, and the November 2015 booking of a meeting for Epstein at the office are all set out with their citations at Elysium Management LLC. Not re-derived for this page. ⚠ That page also records that no document read for it carries an instruction from Epstein to the office. The sheets at 3 and 4 were not among the documents read there, and the body of this page states exactly what they do and do not add. ↩ ↩2

  15. Brad Wechsler to Ada Clapp, Wednesday June 03 2015 9:33 AM, quoted inside Wechsler’s later message to Epstein of Wed, 03 Jun 2015 14:36:54 +0000. EFTA00642838 p. 1. Read at the image at 500 dpi. ⚠ A clause of the 14:36 message referring to the writer’s own medical appointments is not reproduced here: it concerns the health of a living private individual and bears on nothing on this page. Sender and recipient values on this sheet are covered by bars and none is reproduced. ↩ ↩2

  16. An assistant to Brad Wechsler and Brad Wechsler, Friday 26 August 2016, subject “Re: Jeffrey Epstein-Call today at 11am w/JE, Karp and Fenn”, carrying his reply “Yes, fine…” of 8:11 AM beneath a message of the same morning. EFTA02045063 p. 1. Text layer only; this sheet was not rendered for this page. ⚠ The extraction renders “11am” as !lam inside the quoted invitation and the quotation is given as the extraction renders it, marked here so that the next reader does not take the damage for the sheet. The sender values are absent from the extraction and nobody is named as sender here beyond what the body gives. ↩ ↩2

  17. The August 2016 conference call and the November 2016 “reasonable cause” exchange are recorded at Brad Karp, where the call is cited to the invitation Karp answered by asking for this subject to be added. Not re-derived for this page. ↩ ↩2

  18. Deutsche Bank private-wealth research summary sheet, “NAME SEARCHED: Bradley J Wechsler”, “PWM BIS-RESEARCH performed due diligence research in accordance with the standards set by AML Compliance for your business”, prepared by a named research analyst and dated 07/06/2018. EFTA01358827 p. 1. Text layer only; this sheet was not rendered for this page, and its extraction is damaged in the checkbox column, so only the field labels and the plain result strings are relied on. The produced sheets of this report are described at 21. ↩ ↩2 ↩3 ↩4

  19. The screening results sheet of the same report, headed “Page 2”, carrying “OFAC RESULTS”, “No Match Found”, the name “Bradley J Wechsler”, a FIRCOSOFT row reading “No Alert” in each of four alert columns, “Negative Media: No Information Found”, and a LexisNexis footer reading “Date:7/6/2018” and “Report processed by: DEUTSCHE BANK AG”. EFTA01358828 p. 1. Read at the image at 600 dpi. ⚠ The extraction of this sheet renders the footer date as Date:716/2018, welding the slash into the digits; the image reads 7/6/2018. ⚠ It also renders the name in the OFAC panel as Bradley 3 Wechsler, the middle initial read as a numeral, so a checker searching the text layer for “Bradley J Wechsler” on this sheet will report it unresolved. The pin is correct and the extraction is wrong. A date of birth field and a telephone field are covered by bars. No residential address is reproduced here from this sheet or from any other. The sheet carries a CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) legend and Deutsche Bank and Southern District of New York Bates stamps. ↩ ↩2

  20. Vijay Sawant, “KYC Case Representative”, Deutsche Bank Group Wealth Management, Mumbai, to a colleague at the bank, copying Stewart Oldfield, 7/11/2018 8:55:54 AM, subject “FW: Info Required on Rejected KYC Case#…”, the reference omitted, attaching “Research_Bradley_Wechsler_NEW.pdf”, “Research_Apollo_Global_Management_LLC_NEW.pdf” and “Research_Apollo_Management_LP_NEW.pdf”. EFTA01358824 p. 1. Read at the image at 500 dpi. ⚠ Two internal bank reference numbers are omitted from the quotations on this page, at the ellipses, and are not reproduced here. The sender, recipient and copy e-mail values are covered by producer bars. ⚠ The extraction welds the number signs into letters, rendering the case reference string as Casett… in one copy and Case4… in another; the quotations above are read from the image. ⚠ The quotations on this page carry a deliberate ellipsis where two reference numbers stand on the sheet, so no checker can bind them as written; that is this desk’s cut and not damage. The paragraph under this subject’s name is deliberately not reproduced; the bases are given in the body. ⚠ An earlier message in the same thread, from the same writer, is at EFTA01358826 p. 1, text layer only. It is NOT a copy of the message quoted above: it carries neither the paragraph under this subject’s name nor the relationship string, and every quotation in this footnote is pinned to the sheet named first. A checker testing this footnote’s quotations against that second identifier will report them unresolved, and it is right to. ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  21. The extent of the 2018 research report, established before it was cited. The report on this subject occupies its own sequence of per-page Bates identifiers, beginning at EFTA01358827 p. 1 with the summary sheet and running to EFTA01358848 p. 1, whose printed page number is 30 and which carries the vendor’s own data-source disclaimer. The produced sequence is not continuous: printed pages 7, 10, 11, 15, 16, 18, 19, 24, 26 and 29 have no identifier in the release, and pages 31 and 32, the two the covering message names, are not produced. ⚠ The produced sheets are a mixed run. They include public-records pages carrying fields for a social security number, a date of birth, a home telephone number and residential addresses. None of those values is reproduced here and none of those sheets is cited on this page for anything. A separate research report on an Apollo entity begins at EFTA01358850 p. 1 and is a different document. ↩ ↩2 ↩3

  22. Jeffrey Epstein to Leon Black, Thu, 12 Jan 2017 11:27:52 +0000, a numbered list of six items opening “lets begin, preparation .- taking steps.” EFTA01057105 p. 1. Text layer only; this sheet was not rendered for this page, and no allegation is taken from it. The two quoted fragments are the act and nothing else from the fifth item is reproduced: the remarks in the same two sentences about this subject’s capability are withheld, on the grounds given in the body. The run is one sheet. Contact values on it are not reproduced. ↩ ↩2

  23. Richard Joslin’s last dated message in the release, of 7 June 2018, addressed to Brad Wechsler, Jeffrey Epstein and Melanie Spinella, is cited at Richard Joslin, where it is recorded as personal and is not quoted. Not re-derived for this page. ↩

  24. The general-partner succession of 1 August 2016. Epstein’s message conveying Black’s choice of successor to Brad Wechsler and Ada Clapp is quoted in full with its citation at Black Family Partners, L.P. and cited again at Ada Clapp. Not re-derived for this page. ↩ ↩2

  25. A commercial public-records vendor’s officer list, inside the 2018 research report on an Apollo entity, carries a row numbered 66 reading “Wechsler, Bradley J” against “DIRECTOR (06/2007)”. EFTA01358920 p. 1. Read at the image at 600 dpi. ⚠ This is a vendor’s compilation and not a corporate filing. The same list carries a risk tag beside this subject’s name and beside at least two other officers’ names on the two preceding sheets, so the tag is not specific to him; it is a vendor’s label of unestablished meaning about living people and it is not reproduced here. No corporate filing establishing the directorship was found in the material reviewed for this page, and the row is entered on the timeline as cannot-tell for that reason. ↩

  26. A thread headed “KCP Onboarding + Power of Attorney (POA)” runs on 1 and 2 May 2015 between Brad Wechsler, Jeffrey Epstein and Melanie Spinella across several documents, among them EFTA00626659 p. 1, EFTA00857674 p. 1, EFTA00857754 p. 1 and EFTA00857768 p. 1. None of these sheets was opened for this page beyond its subject line and header, and nothing is asserted here about what the thread says. It is recorded because it shows the power-of-attorney question was live a month before the June exchange, and because the next reader should open it. ↩

  27. The later messages of the 2 June chain: Ada Clapp to Brad Wechsler Tue, 02 Jun 2015 20:09:11 +0000 and Tue, 2 Jun 2015 18:14:50 +0000, and Brad Wechsler to Ada Clapp of Tuesday June 02 2015 2:42 PM. EFTA00691372 p. 1. Read at the image at 700 dpi. Epstein is in the copy line of the Wechsler message and of the later Clapp message. ⚠ Wechsler’s sentence reads “but haad a simple poa” on the sheet, with the doubled a, and is quoted as printed. ⚠ Two clock conventions appear on this sheet and no interval across them is asserted. Clapp’s signature block is a stacked field set with her direct dial, fax and e-mail lines covered by bars, and is not quoted. No contact value from this sheet is reproduced. ↩

  28. The April 2017 loan and guaranty correspondence, on which this subject is copied, is cited at Ada Clapp. Not re-derived for this page. ↩

  29. Absences, scoped to these searches, and every returned document opened rather than counted. The name-form union of 4,640 documents was intersected with each of the following phrases: “employment agreement” 2, “engagement letter” 8, “operating agreement” 1, “power of attorney” 16, “deposition” 1, “subpoena” 3, “complaint” 8, “affidavit” 1, “payroll” 12, “invoice” 101. Every document in the first eight sets was opened at the text layer and read. What they contain: the two “employment agreement” hits are one Apollo instrument printed twice, in which the phrase describes another person; the “engagement letter” hits are two unrelated threads about retaining an outside professional; the single “operating agreement” hit is a trust instrument’s general clause; the “power of attorney” hits are the June 2015 exchange quoted on this page, the May 2015 thread at 26, and two Apollo instruments; the “deposition”, “affidavit” and one “complaint” hit are the single court filing at 12; the remaining “complaint” hits are arbitration boilerplate and an unrelated request for a pleading. The “payroll” and “invoice” sets were NOT opened and nothing on this page rests on them; the claim that no payment record naming him was found is therefore scoped to the documents actually read and is marked here as incomplete on that point. ⚠ A search returns a page, not a document, and no absence claim on this page should be read more widely than this list. ↩ ↩2 ↩3

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