As I understand it, the Le Paul Wallet actually does have the fold-over with the zippered compartment inside. I would agree that the illustration in this ad is wrong. The wallet pictured appears to be a Terry Seabrooke Wallet, which is what I believe you want. I'm shopping for a Le Paul Wallet, and it sounds like you have one. Is it gathering dust in a drawer somewhere? I wish I could take it off your hands...