Internal email discussing $1.8 B note payoff, family‑office build‑out and potential undisclosed payments to Leon
Internal email discussing $1.8 B note payoff, family‑office build‑out and potential undisclosed payments to Leon The passage reveals a detailed plan to restructure a high‑value ($1.8 billion) note payoff and create a multi‑million‑dollar family office for a person named Leon, mentioning major firms (Apollo, Akin, Paul Weiss) and large cash flows. It provides specific amounts, dates, and parties, offering concrete leads for financial‑flow and legal‑exposure investigations, though the identities of the principals are not fully confirmed. Key insights: Proposes a $33 % ($≈$600 M) savings on a $1.8 B note payoff via a structure called “Phaidon.”; Suggests a $25 M unpaid fee for the current year and $40 M for the next year, split into two $20 M installments.; Calls for a new family‑office budget of $3‑5 M annually, with specific hires (CEO, tax, bookkeeper, paralegal, art point person).
Summary
Internal email discussing $1.8 B note payoff, family‑office build‑out and potential undisclosed payments to Leon The passage reveals a detailed plan to restructure a high‑value ($1.8 billion) note payoff and create a multi‑million‑dollar family office for a person named Leon, mentioning major firms (Apollo, Akin, Paul Weiss) and large cash flows. It provides specific amounts, dates, and parties, offering concrete leads for financial‑flow and legal‑exposure investigations, though the identities of the principals are not fully confirmed. Key insights: Proposes a $33 % ($≈$600 M) savings on a $1.8 B note payoff via a structure called “Phaidon.”; Suggests a $25 M unpaid fee for the current year and $40 M for the next year, split into two $20 M installments.; Calls for a new family‑office budget of $3‑5 M annually, with specific hires (CEO, tax, bookkeeper, paralegal, art point person).
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