# IN THE SUPERIOR COURT OF THE VIRGIN ISLANDS DIVISION OF ST. THOMAS AND ST. JOHN IN THE MATTER OF THE ESTATE OF | Probate No. ST-19-PB-80 | | :--- | :--- | This markdown format preserves the original layout, including headings, paragraphs, and table formulas. JEFFREY E. EPSTEIN Deceased. Action for Testate Administration ## FIRST QUARTERLY ACCOUNTING Covering the period from August 10, 2019 to December 31, 2019 ## ASSETS OF THE ESTATE

VALUE OF ASSETS AS OF 08/10/2019*	VALUE OF ASSETS AS OF 12/31/2019*

Real Property

NONE

$0.00

Personal Property

Assets Directly Owned by Decedent

Bank Accounts

Vehicles

See Schedule A for Detail Artwork, Collectibles and Furnishings Jewelry & Watches 50% Membership Interest in IGY-AYH St. Thomas Holding LLC

$9,441,394	$7,598,838
$186,200	$53,000
To Be	To Be
Determined by Appraisal	Determined by Appraisal
To Be	To Be
Determined by Appraisal	Determined by Appraisal
To Be	To Be
Determined by Appraisal	Determined by Appraisal

Other Entities Owned by Decedent ## TOTAL ASSETS

$628,330,500

$634,797,047

- Pre-appraisal estimated values subject to change. EFTA00075562 ## RECONCILIATION OF ESTATE CASH ON HAND I. DECEDENT'S CASH ON HAND AT AUGUST 10, 2019 $9,441,394 II. INCOME TO THE ESTATE

Statement of Income Collected and Other Increases

See Schedule C for Detail

$1,069,935

## III. EXPENDITURES OF THE ESTATE

Statement of Decreases	See Schedule D for Detail	$2,207,975
Funeral and Administration Expenses	See Schedule E for Detail	$86,372
Statement of Creditor's Claims Paid	See Schedule F for Detail	$618,144

IV. DECEDENT'S CASH ON HAND AT DECEMBER 31,2019 $7,598,838 ## V. LIABILITIES AND UNPAID CLAIMS

Statement of Creditor's Claims Paid and Outstanding

See Schedule F for Detail

$182,856

Civil Litigation Claims	See Schedule G for Detail	Amount Unknown
Gift & Estate Tax Liability		Amounts to Be Determined
Income Tax Liability		Amount to Be Determined

## DISBURSEMENTS See Schedule D for Detail REPORT OF CLAIMS See Schedules F & G for Detail Respectfully submitted, Dated January 31, 2020 Respectfully submitted, CHRISTOPHER KROBLIN, ESQ. WILLIAM L. BLUM, ESQ. MARJORIE WHALEN, ESQ. SHARI D'ANDRADE, ESQ. Kellerhals Ferguson Kroblin PLLC 9053 Estate Thomas, Ste 101 St. Thomas, VI 00802 EFTA00075563 I, DARREN K. INDYKE, CO-EXECUTOR, BEING FIRST DULY SWORN DEPOSE AND SAY THAT TO THE BEST OF MY KNOWLEDGE, THE POREGOING ACCOUNT IS A FULL, COMPLETE AND TRUE STATEMENT OF MY ACTIVITIES AS CO-EXECUTOR DURING THE STATED ACCOUNTING PERIOD THAT I AM CHARGEABLE WITH AND I HAVE RECEIVED NO ASSETS EXCEPT AS HEREIN SET FORTH AND AM JUSTLY ENTITLED TO THE CREDITS HEREIN CLAIMED. 1, RICHARD D. KAHN, CO-EXECUTOR, BEING FIRST DULY SWORN DEPOSE AND SAY THAT TO THE BEST OF MY KNOWLEDGE, THE POREGOING ACCOUNT IS A FULL, COMPLETE AND TRUE STATEMENT OF MY ACTIVITIES AS CO-EXECUTOR DURING THE STATED ACCOUNTING PERIOD THAT I AM CHARGEABLE WITH AND I HAVE RECEIVED NO ASSETS EXCEPT AS HEREIN SET FORTH AND AM JUSTLY ENTITLED TO THE CREDITS HEREIN CLAIMED. Audiland D. Valeu RICHARD D. KAHN EFTA00075564 ## CERTIFICATE OF SERVICE I HEREBY CERTIFY that on this 31st day of January 2020, I caused a true and exact copy of the foregoing First Quarterly Accounting to be served upon: Via Electronic Mail by Agreement of the Parties: John H. Benham, Esq. Law Office of John H. Benham, P.C. Douglas B. Chanco, Esq. ChancoSchiffer P.C. A. Jeffrey Weiss, Esq. A.J. Weiss & Associates Richard P. Bourne-Vanneck, Esq. Law Offices of Richard Bourne-Vanneck Sean Foster, Esq. Marjorie Rawls Roberts, P.C. EFTA00075565 Estate of Jeffrey E. Epstein First Quarterly Accounting | Probate No. | ST-19-PB-80 | | :--- | :--- | This markdown format preserves the original layout, including headings, paragraphs, and table formulas. Page 2 Via First-Class Mail, Postage Prepaid: Denise N. George, Esq. Attorney General Ariel M. Smith, Esq. Chief, Civil Division Virgin Islands Department of Justice J. Russell B. Pate, Esq. THE PATE LAW FIRM EFTA00075566 # SCHEDULE A STATEMENT OF CASH ON HAND AT AUGUST 10, 2019 AND DECEMBER 31, 2019

	Value as of8/10/2019	Value as of12/31/2019	VOUCHER
First Bank-Personal Account(xxxxx2601)	$8,621,528	$-	1
First Bank-Estate Account(xxxxx5901)	-	6,645,429	2
Banco Popular(xxxxx7567)	819,866	820,210	3
Escrow-Vehicle Sale	-	133,200
Total Cash on Hand	$9,441,394	$7,598,838

| EFTA00075567 | | :--- | :--- SCHEDULE B STATEMENT OF ENTITIES OWNED BY DECEDENT

Entity Name*	Beneficial Ownership	As of August 10, 2019	As of December 31, 2019
Entity Name*	Beneficial Ownership	Total Value of Entity**	Total Value of Entity**
Nautilus, Inc.	100%	$63,303,837	$63,292,637
LSJE LLC	100%	3,853,903	2,641,393
Poplar, Inc./Great St. Jim LLC	100%	22,892,238	23,392,188
Michelle's Transportation, LLC	100%	323,907	323,907
LSJ LLC	100%	6,400	6,400
Cypress, Inc.	100%	17,539,837	17,760,284
Zorro Management LLC	100%	205,186	-
Laurel, Inc.	100%	12,800,364	13,814,238
Neptune LLC	100%	114,280	-
Maple, Inc.	100%	56,331,414	56,257,200
NES LLC	100%	289,442	-
Plan D LLC	100%	17,876,274	17,000,000
JEGE LLC	100%	(17,791)	-
Hyperion Air LLC	100%	4,520,509	4,200,000
Freedom Air Petroleum LLC	100%	25,012	22,512
Thomas World Air LLC	100%	210,799	-
Southern Trust Company, Inc.	100%	236,766,444	233,611,964
Southern Financial LLC	100%	163,302,008	176,961,338
Haze Trust	100%	2,035,626	2,287,231
Prytanee LLC	50%	700,000	700,000
Southern Country International, Ltd.	100%	693,157	499,759
Jeepers, Inc.	100%	192,429	-
FT Real Estate, Inc.	100%	5,486,046	5,486,046
SCI JEP	100%	9,115,582	8,888,111
FSF LLC	100%	100,337	-
JSC Interiors LLC	100%	35,668	-
Total Entities***		$618,702,907	$627,145,208

*Estimated, pre-appraisal values of entities are exclusive of value of subsidiaries; subsidiaries are seperately reflected on this schedule. **All values reflected are pre-appraisal estimates which are subject to change.** *** Values as noted include total entity cash on hand of $80,845,172 as of August 10, 2019 and of $248,702,272 as of December 31, 2019. EFTA00075568 ## SCHEDULE C STATEMENT OF INCOME COLLECTED AND OTHER INCREASES

Income Collected	AMOUNT	VOUCHI
Interest
Interest on Loans	18,430	2
Banco Popular - Interest on Account	344	3
Other Increases
Liquidation of LLC/Entity Accounts to Estate Account
12/12/19 Liquidation of JSC Interiors LLC Account	35,391	2
12/31/19 Liquidation of Thomas World Air Account	210,124	2
12/31/19 Liquidation of FSF LLC Account	100,322	2
12/31/19 Liquidation of Jeepers, Inc. Account	192,384	2
Proceeds Sale of Equipment/Assets
11/18/19 2018 Bentley	195,000	2
12/6/19 2019 Chevrolet Suburban	50,500	2
12/6/19 2017 Chevrolet Suburban	17,500	2
12/23/19 ISO Tank	2,500	2
12/31/19 Quad Ski & 2018 Chevrolet Suburban	80,000 *	2
12/27/19 2019 Mercedes	133,200	2
Refunds
10/25/19 Insurance Refund	3,935	2
10/4/19 Corporate Jet Support	30,293	2
10/25/19 Refund of balance on liquidated personal account	12	2
Collected and Other Increases	$1,069,935

* The $80,000 proceeds represent $36,000 received from the sale of a Quadski and $44,000 received from the sale of a 2018 Chevrolet Suburban. | EFTA00075569 | | :--- | :--- SCHEDULE D STATEMENT OF DECREASES DUE TO SALES, LIQUIDATION AND PAYMENT OF EXPENSES

DATE	NUMBER	PAYEE	VOUCHER
8/6/19	EFT Time Warner Cable	$ 31	1
8/6/19	EFT Time Warner Cable	71	1
8/20/19	EFT Time Warner Cable	142	1
8/26/19	EFT Time Warner Cable	71	1
8/26/19	EFT Time Warner Cable	91	1
8/26/19	EFT Time Warner Cable	127	1
9/3/19	EFT Time Warner Cable	47	1
9/20/19	EFT First Bank - Bank Fees	20	1
10/10/19	Check No. 1000 Extra Value Checks Government of the Virgin Islands - Property	91	2
10/10/19	EFT Tax Nautilus Inc. Government of the Virgin Islands - Property	27,573	2
10/10/19	EFT Tax Great St. Jim LLC	93,171	2
10/15/19	EFT Spectrum Cable	80	2
10/15/19	EFT Spectrum Cable	59	2
10/15/19	EFT Spectrum Cable	121	2
10/15/19	EFT Spectrum Cable	90	2
10/15/19	EFT Spectrum Cable	40	2
10/15/19	EFT Spectrum Cable	154	2
10/15/19	EFT Spectrum Cable	66	2
10/15/19	EFT Spectrum Cable	49	2
10/15/19	EFT Spectrum Cable	70	2
10/15/19	EFT Spectrum Cable	28	2
10/15/19	EFT Spectrum Cable	285	2
10/16/19	EFT Verizon	465	2
10/16/19	EFT Verizon	371	2
10/17/19	EFT Con Edison	10,334	2
10/17/19	EFT Con Edison	125	2
10/22/19	EFT Verizon	206	2
10/28/19	EFT Spectrum Cable	67	2
10/28/19	EFT Comcast	167	2
10/28/19	EFT Comcast	367	2
10/29/19	Check No. 1017 Expense Reimbursement	1,029	2
10/31/19	EFT First Bank - Bank Fees	12	2
11/7/19	ACH Oxford Health Plan	20,037	2
11/8/19	ACH ATT Wireless	328	2
11/13/19	ACH Dish Network	142	2
11/14/19	ACH Verizon Wireless	490	2
11/18/19	ACH Central New Mexico Electric	10,071	2
11/19/19	ACH ATT Wireless	360	2
11/19/19	ACH ATT Wireless	336	2

EFTA00075570 ## STATEMENT OF DECREASES DUE TO SALES, LIQUIDATION AND PAYMENT OF EXPENSES

Date	Account Code	Description	Amount
11/25/19	ACH	Con Edison	7,483
11/26/19	ACH	ADT Security	1,171
11/27/19	ACH	Comcast	367
11/27/19	ACH	Comcast	167
11/30/19	EFT	First Bank - Bank Fees	30
12/2/19	ACH	Oxford Health Plan	20,037
12/3/19	ACH	Con Edison	29
12/3/19	ACH	Verizon Wireless	967
12/3/19	ACH	Dish Network	152
12/3/19	ACH	Waste Management	1,369
12/4/19	ACH	FPU - Water Bill	397
12/4/19	ACH	FPU - Water Bill	125
12/4/19	Check No. 1004	PPG Pest Control	567
12/4/19	Check No. 1007	Clarity Water Technologies	1,089
12/4/19	Check No. 1008	Expense Reimbursement - Employee	3,179
12/4/19	Check No. 1009	Expense Reimbursement - Employee	4,788
12/4/19	Check No. 1005	Ranch Repairs	630
12/4/19	Check No. 1006	John C. Cassidy	750
12/10/19	ACH	Comcast	145
12/11/19	Check No. 1013	King's Butane Corp	14,984
12/11/19	Check No. 1010	Property Management	4,804
12/11/19	Check No. 1011	Ranch Repairs	630
12/11/19	Check No. 1014	Stanley Convergent Security	368
12/11/19	Check No. 1015	Lund Fire Products Co Inc.	257
12/13/19	ACH	Dish Network	152
12/16/19	ACH	Dish Network	113
12/17/19	ACH	Century Link	4,599
12/17/19	Check No. 1016	Expense Reimbursement - Employee	1,164
12/18/19	ACH	Dish Network	142
12/18/19	Check No. 1020	Otis Elevator Company	9,146
12/18/19	Check No. 1023	Ranch Repairs	742
12/19/19	Check No. 1024	Ranch Repairs	742
12/19/19	Check No. 1038	Ranch Repairs	378
12/20/19	Check No. 1041	Willis Watson Towers - Aviation	68,030
12/23/19	ACH	NYC Water	3,131
12/27/19	ACH	Con Edison	6,421
12/27/19	ACH	Comcast	367
12/27/19	ACH	Comcast	167
12/31/19	DEBIT	First Bank - Bank Fees	50
12/31/19	ACH	ADP	10,362
12/31/19	ACH	ADP	6,729
12/31/19	ACH	ADP	5,262

EFTA00075571 STATEMENT OF DECREASES DUE TO SALES, LIQUIDATION AND PAYMENT OF EXPENSES

DATE	NUMBER	PAYOR/PAYEE	AMOUNT
10/11/19	DEPOSIT	Steptoe & Johnson LLP	(11,041,591)
12/19/19	Check No. 1031	Southern Country International, Ltd.	12,000,000
12/19/19	Check No. 1032	Southern Country International, Ltd.	3,500,000
12/20/19	DEPOSIT	Southern Country International Ltd.	(2,600,000)
			$ 1,858,409

Total Statement of Decreases Due to Sales, Liquidation and Payment of Expenses

2,207,975

## Outstanding Checks as of 12/31/2019

DATE	NUMBER	PAYOR/PAYEE	AMOUNT
12/11/19	Check No. 1012	Certified Equine Farrier (NM)	$ 321
12/18/19	Check No. 1018	Landscape Maintenance (FL)	1,750
12/18/19	Check No. 1026	Water Resource Engineering (NM)	1,219
12/18/19	Check No. 1027	Ranch Expense Reimbursement (NM)	8,588
12/18/19	Check No. 1025	Ranch Repairs (NM)	348
12/18/19	Check No. 1022	Hardware Expenses (NM)	188
12/18/19	Check No. 1019	Extermination Fees (NY)	109
		Rolls Royce PLC (Aircraft Engine Service Agreement)	25,834
12/20/19	Check No. 1040	Bell Miami Inc. (Helicopter Repairs)	114,173
12/20/19	Check No. 1042
12/31/19	ACH	ADP	3,831
12/31/19	ACH	ADP	2,231
12/31/19	ACH	ADP	1,419
			$ 160,011