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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00949904: Leon Black, Apollo Global and Afraid (DS9)

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This document contains correspondence from December 2012 among Eileen Alexanderson, Ada Clapp, and Elyse Kirschner regarding Apollo Global Management, LLC and Leon Black's children's use of gift and GST tax exemptions. The correspondence discusses concerns about IRS treatment of an exchange lacking collateral and other assets.

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PersonKeyword
Excerpt 1
**Apollo** **Global** Management, LLC EFTA00949906
Excerpt 2
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
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From: Eileen Alexanderson To: Subject: Fw: **Leon** **Black** Children-use of Gift and GST tax exemptions Date: Fri, 14 Dec 2012 13:04:

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