EXHIBIT 250¶
From: *es.staley(61iPmoroan.com To: CC: mary.erdoes©jpmorgan.com mary.erdoes@jpmorgan.com Sent: 8/8/2006 11:27:16 AM Subject: Re: Help w/ Jeffrey Epstein¶
I agree with your second point. We should only give investment advice if he gives us a full mandate for a model portfolio. No one off ideas.¶
Second, we should not right off the fee. To start, I will send him a note.¶
Jes¶
Sent from my BlackBerry Wireless Handheld¶
Mary C¶
From: Mary C Sent: 08/07/2006 05:33 PM To: Jes Staley Cc: Mary Erdoes Subject: Help w/ Jeffrey Epstein¶
Jes — two questions:¶
i) I learned from JPMAM today that Jeffrey still has not paid (and apparently will not pay) the $238,000 in IM fees owed for Luddy’s portfolio for FTC and Wexner Children’s Trust. They have asked me to intervene. So, shall I call Jeffrey again and insist we get paid or shall we officially write this off? If the latter, I don’t think PB should take the hit for this as the marketing/management/etc. was done by JPMAM.¶
ii) Also, back to what you and I discussed on the phone, I am still grappling with how Jeffrey should be covered in PB. My product partners (and I) have expressed a reluctance to proactively cover him as every transaction becomes problematic. My sense is that it should evolve into a banking and client service-only relationship. Would you agree?¶
I would appreciate your help,¶
Mary¶
Mary Managing Director JPMorgan Private Bank 345 Park Ave. New York. NY 10154 tel: (212) 464-0374 fax: (212)464-1912¶
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