# 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 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

Personal Property

Assets Directly Owned by Decedent

Bank Accounts

Vehicles

See Schedule A for Detail Artwork, Collectibles and Furnishings

$9,441,394	$7,598,838
$186,200	$53,000

To Be Determined by Appraisal

Jewelry & Watches 50% Membership Interest in IGY-AYH St. Thomas Holding LLC

Determined by Appraisal	Determined by Appraisal

To Be Determined by Appraisal

Other Entities Owned by Decedent ## TOTAL ASSETS

$628,330,500

$634,797,047

- Pre-appraisal estimated values subject to change. EFTA00082467 ## 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 WILLIAM L. BLUM, ESQ. MARJORIE WHALEN, ESQ. SHARI D'ANDRADE, ESQ. Kellerhals Ferguson Kroblin PLLC EFTA00082468 I, DARREN K. INDYKE, CO-EXECUTOR, BEING FIRST DULY SWORN DEPOSE AND SAY THAT TO THE BEST OF MY KNOWLEDGE, THE FOREGOING 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 J 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 FOREGOING 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. Cudliand D. Kalan RICHARD D. KAHN EFTA00082469 ## 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. Richard P. Bourne-Vanneck, Esq. Law Offices of Richard Bourne-Vanneck Sean Foster, Esq. Marjorie Rawls Roberts, P.C. EFTA00082470 Estate of Jeffrey E. Epstein First Quarterly Accounting | Probate No. ST-19-PB-80 | | :--- | :--- | This is a simple Markdown document with no headings, paragraphs, or tables. It contains just the text "Probate No. ST-19-PB-80". 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 EFTA00082471 # 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

EFTA00082472 SCHEDULE B STATEMENT OF ENTITIES OWNED BY DECEDENT

Entity Name*	Beneficial Ownership	As of August 10, 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
Prytance 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. EFTA00082473 SCHEDULE C STATEMENT OF INCOME COLLECTED AND OTHER INCREASES

Income Collected	AMOUNT	VOUCHER
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
Selected 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. EFTA00082474 SCHEDULE D STATEMENT OF DECREASES DUE TO SALES, LIQUIDATION AND PAYMENT OF EXPENSES

DATE	NUMBER	AMOUNT	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

EFTA00082475 ## 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

EFTA00082476 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 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

EFTA00082477 ## SCHEDULE E STATEMENT OF FUNERAL AND ADMINISTRATION EXPENSES

		AMOUNT	VOUCHER
Funeral Expenses
8/12/19 Cemetery Expenses		$ 16,308	1
8/12/19 Funeral Home Expenses		50,064	1
Death Related Expenses
12/18/19 Forensic Pathologist		20,000	2
Total Funeral and Administrative Expenses		$ 86,372
CLAIMS PENDING BEFORE COURT
Legal Fee Applications Pending Before Court for Approval*		AMOUNT
10/7/19	Troutman Sanders LLP	$ 90,397
10/18/19	Steptoe & Johnson LLP	104,383
12/17/19	Troutman Sanders LLP	212,598
		$ 407,378

* Additional legal fees have been incurred by the estate but applications for the approval thereof were submitted, or will be submitted after the closing date of this accounting.