EXHIBIT 48¶
ECONOMIC DEVELOPMENT COMMISION ANNUAL REPORT¶
FiliCaliCalender Year Ending¶
47$0,61414 Plea - Financial Trust Company. Inc.¶
| In Safes (Inetigthie gales) & Eligible for Tax Benefits | ( S )5 |
|---|---|
| 011wr Income (Inelgibie)& Eligtile for Tax Benefits | ( S )S |
| Gross Wages Paid In the V.I. (Include vacation & PCk pay, bonuses. ovenrne. etc.) | S |
| Average No. ol Employees: Full Time a (Part Time’Other)… | 11 |
| Average No. ol Residents; Full Time & (Part Time/Other)… | 10 |
| Average No. of Non-Residents; Fill Time & (Pad Time-Other)… | 1 |
December 31. 2008¶
TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each tax)¶
| Gross Receipts: | Amount Paid | $ | - |
|---|---|---|---|
| Dollar Value of Exemption | $ | - | |
| Real Property Tax: | Amount Paid | $ | - |
| Dollar Value of Exemption | $ | - | |
| Excise Taxes: | Total Paid | $ | - |
| Dollar Value of Exemption/Refund | $ | - | |
| Income Taxes: | Total Paid | $ | - |
| Dollar Value of Exemption/Refund | $ | - | |
| Customs Duties: | Total Paid | $ | - |
| Dollar Value of Exemption/Refund | $ | - | |
| Other: | Hotel room taxes paid | $ | - |
| Other Taxes, Fee Paid to V.I. Government | $ | 1447 | |
| TOTAL TAXES PAID: | $ | 1447 | |
| TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: | $ | - |
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT¶
| Goods and Services: Raw materials. components Food, beverage Freight Charges Insurance Legaii Account ig | Eligible Supplier 10992 | V.I. Suppliers 20404 2897 | Non-Local 3600 S 308983 $ | Totals 24004 32287 |
|---|---|---|---|---|
| Advertising / Promotion | 1501 | 150 | ||
| Utilities (let. water, eiect etc ) Interest & Other Bank Clog | 29671 | 12447 g | 4211 | |
| SupPies | 5699 | 25798 | 5052 S | 3654 |
| Repairs:Maintenance | 1561 | 10 | 5006 | 657 |
| Other (List Separately) | 39000 | 121869 | 2238 $ | 16310. |
| Subtotal, Goods and Svcs: | 57253 | 202149 | 337325 S | 59672 |
| Cepllel Expenditures | S | |||
| Banking a Improvements Leasehold Improvements | S | |||
| Machinery! Equipment | 0709 | 25774 $ | 35483 | |
| Furniture / Fixtures | 11398 $ | 11398 | ||
| Vehicles Other (List Separately) | $ | |||
| Subtotal. Capital Expend: | 9709 | 37172 S | 46881 | |
| GRAND TOTALS | 57253 | 211858 | 374497 $ | 643608 |
CUMULATIVE CAPITAL EX MURES UNDER EDC CERTIFICATE 694909¶
Name/Signature of Preparers ceomue•i Jeanne IPMINIkeify¶
Date: 9/ 3o/0 9 Telephone Plumber: 340-775-2625¶
FiscaUCidendar Year Ending Docombsr 31.2006¶
Company Name Financial mist Company. Inc.¶
PLANT & EQUIPMENT -Other EXPENDITURES FOR GOODS, SERVICES,¶
| Goods and Sonless: Dues and subsottions | Eligible Supplier | Vi. Suppliers 1528 | Non-Local 634 $ | Totals 2162 |
|---|---|---|---|---|
| Seminars and education | 998 | 966 | 1964 | |
| Postage and delivery | 7506 | $ | 7506 | |
| Travel | 8825 | 638 $ | 9262 | |
| Meals and transportaion | 6754 | 5 | 6754 | |
| Co-op marketing leokonitykance lees | 39000 | 5 | 39000 | |
| Rent | 98458 | $ | 96458 | |
| Subtotsl, Goods and Svcs: | 39000 | 121869 | 2238 $ | 163106 |
EXPENDITURES FOR CHARITABLE CONTRIBUTIONS¶
| VA. Educational | VA. Charity | V.I. Foundation Funding | Totals | |
|---|---|---|---|---|
| Company | 19000 | 21360 | 37500 | 77860 |
| Foundation | 57341 | 85164 | 142505 | |
| 11111 | 106524 | 37500 $ | 220365. |
Investors Dream¶
EDC ANNUAL REPORT¶
Value of Exemptions of Stockholders/Partners/Members¶
BENEFICIARY Financial Trust Company, Inc. Fiscal Year Ending December 31, 2008¶
07/15/11¶
Case 1:22-cv-10904-JSR Document 194-11 Filed 06/20/23 Page 4 of 4¶
| Stockholders, Partners or Members | Social Security No. | Physical Address | % Distributable Shares | EDC Income | Business Activity | Total Tax Due | EDC Credit | Balance Tax Due |
|---|---|---|---|---|---|---|---|---|
| Jeffrey E. Epstein | Little Saint James | |||||||
| St. Thomas U.S. Virgin | ||||||||
| Islands | 100 | See page 1 of Economic Development Commission Annual Report | ||||||
| TOTAL: $ | $ | $ | $ |
Note: Totals of EDC Credit and Balance Tax Due must be carried forward to the EDC Annual Report and reported under Taxes and Duties (See instructions).¶
VL-PM-00001337¶
HIGHLY CONFIDENTIAL SUBJECT TO PROTECTIVE ORDER¶