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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00683580: Leon Black, Apollo Global and Afraid (DS9)

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This document contains email correspondence dated December 14, 2012, between Eileen Alexanderson, Ada Clapp, and Elyse Kirschner regarding Leon Black and tax planning matters related to gift and GST tax exemptions for Leon Black's children. The correspondence references Apollo Global Management, LLC and discusses concerns about IRS treatment of certain financial arrangements involving collateral and repayment expectations.

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PersonKeyword
Excerpt 1
**Apollo** **Global** Management, LLC EFTA00683582 EFTA00683583
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Since there is no collateral and no other assets from which a lender could reasonably expect repayment, I am **afraid** the IRS will not view the exchange
Excerpt 3
From: Eileen Alexanderson To: 'Jeffrey Epstein' Subject: FW: **Leon** **Black** Children-use of Gift and GST tax exemptions Date: Fri, 14 Dec 2012 18:21:24 +0000

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