Among the most disturbing pages in Jeffrey Epstein’s lavish 2003 birthday album, The First Fifty Years, is a contribution from Joel Pashcow, a longtime Mar-a-Lago member and Florida real estate developer. The entry features a photo of Epstein grinning while holding an oversized novelty check for $22,500, mock-signed “DJTRUMP.” Accompanying it is a handwritten caption that reads: “Jeffrey showing early talents with money + women! Sells ‘fully depreciated’ [redacted] to Donald Trump for $22,500.”
The redacted name refers to a European socialite in her 20s who, according to sources familiar with the unredacted version, had briefly dated both Epstein and Trump in the 1990s. The “joke”—using tax jargon to dehumanize a woman as a worn-out asset—appears to reference rivalry over her affections rather than literal transaction. Pashcow, who posed in the photo, reportedly crafted the page as lighthearted banter fitting the album’s crude tone.
Compiled by Ghislaine Maxwell for Epstein’s 50th birthday, the 238-page book brims with sexual innuendo, lewd drawings, and tributes from elites like Bill Clinton, Leslie Wexner, and Leon Black. Released in redacted form by the House Oversight Committee in September 2025, it captures a pre-conviction era when Epstein’s Palm Beach social circle—overlapping heavily with Trump’s Mar-a-Lago—viewed his womanizing as amusing rather than criminal.
Trump has denied any involvement in the book beyond possible name mentions, and no evidence links him to the page’s creation. The novelty check’s signature does not match his known handwriting. Yet the entry underscores the casual misogyny in their shared world, where women were often reduced to trophies or punchlines.
Victim advocates call such “humor” a window into how power shielded predation. In hindsight, the depreciating “asset” quip feels less funny and more chilling, revealing attitudes that enabled Epstein’s abuses for years. As more files unseal, these relics force reckoning with the cost of elite indulgence.
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