EXHIBIT 169¶
From: Nelson, Justin D <justn.d.neisonajpmorgan com> To: Duffy, John R <john.r.duffyejpmorgan.com>.McCleerey. Kevin- <Kevin.McCleereyajprnorgan.com> Sent: 7/3/2013 12:39:54 AM Subject: Epstein summary¶
John and Kevin, how is this strnmary on Jeffrey? Let me if you reed me to get more specific on the accounts I have calls into Jeffrey’s office staff to ask about Haze and Jeepers. but they were gone for the day I shotid have some more detail tomorrow moming. Regards. Justin¶
Jeffrey Epstein has accumulated his net worth, which is estimated to be S500MM+, by advising billionaires on their wealth. His consults with clients on planning for future generations and helping them manse balance sheets. He does not specifically manage money for clients. His client base includes people like Black (founder of Apollo) and Les Wexner. who fixated the Limited clotting chain.¶
It is well known publically and internally that Jeffrey plead guilty to solicitation of prostitution and served 13 months in jail starting in 2008. However. even given these issues, he stil clearly well-respected and trusted by some of the richest people in the world.¶
The assets he keeps at J.P. re his own money. which he actively trades through our Global Investment Opporttrities desk with Paul team. He is one of the most active and sophisticated investors on the GIO desk. Jeffrey also maintains lines of credit backed by his hqUid portfolio, although none are drawn at this time. He has numerous credit cards which are always paid on time. Besides Paul and me. Jeffrey has relationships with John Duffy (we met with Jeffrey together this year) and Mary Erdoes.¶
Jeffrey is a US citizen but is also a permanent resident of the US Virgin Islands for income tax purposes. He owns most of his assets through the Southern Trust Company and Southern Financial, which are USVI entities and both owned 100% by Jeffrey. He has his own island in the USVI. which is called Little Saint Jeff. Besides this property. he owns a 50.000 sq ft townhome in Manhattan a ranch near Santa Fe. NM and a home in Palm Beach, FL. He has LLCS that owNoperate these properties and related credit cards (Zorro, LSJ. NES, etc.)¶
He is also a supporter of the sciences through The Jeffrey Epstein VI Fotridation. which funds science and research around the world. He donated 530MM to Harvard to set up the university’s Program for Evolutionary Dynamics and has also funded research at Princeton.¶
Born in BrookIN n. Nen York. Epstein attended lark cite High School. He attended classes at =Union from 1969 to 1971 and then at the Courant Institute of Mathematical Sciences. leaving without a degree. From 1973 to 1975 he taught calculus and physics at the Dalton School Epstein began his financial career in 1976 as an options trader at Bear Steams. It specialized in mathematical models such as the Black-Scholes option-pricing model and later worked in the special products division, advising high net north clients on tax strategies. In 1980. Epstein became a partner at Bear Stearns. In 1982. Epstein founded his onn financial management fun. J. Epstein & Co.. managing the assets of clients nith more than a billion in net north. In 1987. Leslie Wexner. founder and chairman of the Columbus. Ohio—based limited chain of women’sclothing stores became a well-luient. In 1996. Epstein changed the name of his firm to The Financial Trust Company and based it on the island of St. in the US Vugin Islands. In 2013. Jeffre) merged Financial Trust Company into the Southern Trust Company.¶
Justin D. Nelson - Man erector¶
The Private Bank at J.P. I 100 West Putnam Avenue ‘Greenwich, CT 06830¶
p: 203.629.3124’ p: 212.464.1601 I f: 203.200.7706 I e-mail: justin.d.nelsonebornoroan.com INMLS I¶