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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA02492249: Modeling (DS11)

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This document discusses business operations of a modeling agency, noting the loss of two major clients who moved production abroad and internalized modeling operations. The sender comments that cash flow is better than accounting methods for a properly run modeling operation, as such operations typically do not generate long-term payables since models are paid directly.

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Excerpt 1
We lost 2 of our biggest clients as they decided to move produ=tion abroad and internalize **modeling**.
Excerpt 2
Cash flow is much better than accoun=ing for this purpuse as a properly run **modeling** operation does not generat= long term payables (we pay the models

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