EXHIBIT 8¶
From: Duffy, John R (john.r.duffy@jpmorgan.comj Sent: 3/28/2012 2:52:27 AM To: Erdoes, Mary E Imary.erdoes@jpmorgan.corn) Subject: Re: KYC Approval Requested for High Risk Clients¶
Yes as in the past¶
John R. Duffy J.P. CEO, U.S. Private Bank 270 Park Avenue New York, NY 10017 Tel: 212.464.1468 Email: john.r.duffy@jpmorgan.com¶
From: Erdoes, Mary E Sent: Tuesday, March 27, 2012 08:38 PM To: Duffy, John R Subject: Re: KYC Approval Requested for High Risk Clients¶
Cash?¶
From: Duffy, John R Sent: Tuesday, March 27, 2012 06:26 PM To: Erdoes, Mary E; DiIorio, Phil Subject: Fw: KYC Approval Requested for High Risk Clients¶
I previously spoke with JE about this activity. We’ll need to discuss.¶
John R. Duffy J.P._ CEO, U.S. Private Bank 270 Park Avenue New York, NY 10017 Tel: 212-464-1468 Email: john.r.duffy@jpmorgan.com¶
From: Duffy, John R Sent: Tuesday, March 27, 2012 06:25 PM To: S Bonnie K Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: Re: KYC Approval Requested for High Risk Clients¶
Ok. Wish there were none. We’ll revisit.¶
J.P. CEO, U.S. Private Bank¶
270 Park Avenue¶
New York, NY 10017¶
Tel: 212-464-1468¶
Email: john.r.duffy@jpmorgan.com¶
From: MI, Bonnie K¶
Sent: Tuesday, March 27, 2012 06:03 PM¶
To: Duffy, John R¶
Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat¶
Subject: RE: KYC Approval Requested for High Risk Clients¶
Hi John -¶
I ran a cash activity report between August 1, 2011 and March 1, 2012 and found that there has only been one cash w/d during that timeframe for $30k on 2/21/2012.¶
Let me know if you need further information.¶
Regards,¶
Bonnie¶
Bonnie K Perry, VP, CAMS I 1;3.1¶
From: Duffy, John R¶
Sent: Friday, March 23, 2012 4:38 PM¶
To: M, Bonnie K¶
Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat¶
Subject: Re: KYC Approval Requested for High Risk Clients¶
Approved except for Epstein. Acct. Can we please review the cash withdrawal activity for his entities? Thx.¶
John R. Duffy¶
J.P.¶
CEO, U.S. Private Bank¶
270 Park Avenue¶
New York, NY 10017¶
Tel: 212-464-1468¶
Email: john.r.duffy@ipmorgan.com¶
From: Bonnie K Sent: Friday, March 23, 2012 02:41 PM To: Duffy, John R Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: KYC Approval Requested for High Risk Clients¶
Hi John,¶
Below are high risk P8 client KYCs that require your approval. The list includes (2) Existing Client undergoing annual review and (7) Existing relationship clients flagged as high risk.¶
Please note that the below clients have undergone a review by Risk Management and are considered ok for approval. If you have further questions, please let me know.¶
Regards, Bonnie¶
I. Existing High Risk Client - Undergoing Annual Review (2)¶
II. Existing Client Relationship - Recently Flagged as High Risk (7)¶
Neptune LLC- This is an entity established by Jeffrey Epstein to hold household accounts to pay expenses, upkeep and maintenance for a home he owns in Palm Beach. In 2009, Mr. Epstein pled guilty and was convicted of a felony charge and served 13 months of his 18 month sentence. Mr. Epstein signed a federal non-prosecution agreement under which he would not be charged with related federal crimes if he successfully served out his time and abided by the conditions under the state charges. He also waived his right to contest liability and damages in civil lawsuits by 33 minor girls identified by the non-prosecution agreement.¶
- Banker Paul Morris
- High Risk Category Reputational Convicted Felon
- Jeffrey Epstein is the decision maker of the relationship with a current AUM is $108.6MM. There is one DDA for this entity that contains $116K.
- Client established in PB in 1993.
- Region Manager Approval, Marc Sheridan
- Derogatory information is summarized above.