Prosecutorial background memo on Jeffrey Epstein and Deutsche Bank account plan

J.E. BACKGROUND¶

NET WORTH/ASSETS¶

Estimated $2 billion
Personal Property:

Owns (estimated) largest townhouse in Manhattan (9 E 71 $^{st}$ St.), villa in Palm Beach, Florida, apartment in Paris, ranch in New Mexico, and others¶

○ Owns a Boeing 727, other planes and helicopters¶

BACKGROUND¶

Taught calculus and physics at the Dalton School from 1973-1975.
Began working at Bear Stearns in 1976

Formed J. Epstein & Co. in 1982¶

BUSINESS¶

Formed J. Epstein & Co. in 1982, a financial management firm
1987 Leslie Wexner, founder and chairman of Limited clothing brand, became a well-known client
Changed name to The Financial Trust Company in 1996 and is now incorporated in St. Thomas
All of his financial clients are anonymous (except Wexner)

PHILANTHROPY¶

The Jeffrey Epstein VI Foundation funds cutting edge science research and education around the world
Foundation was established in 2000
2003 donated $30 million to Harvard University to set up the Program for Evolutionary Dynamics, which studies evolution and evolutionary biology from a purely mathematical point of view
Epstein currently sits on the Mind, Brain and Behavior Committee at Harvard University
Epstein has also funded genetic research leading towards cures in such fields as Alzheimer’s, multiple sclerosis, ovarian cancer and Crohn’s and Colitis Disease. He has given substantial funds to the American Cancer Society, notably to CTC technology, a blood test to identify genetic mutations to anti-inhibitor cancer drugs

CRIMINAL CHARGES¶

Epstein was charged with soliciting prostitution in 2008. He served 13 months out of his 18 month sentence and is registered as a sex offender in Florida
He was accused of paying young woman for massages and sex acts in his Florida home. Epstein was under the impression that all were at least 18 but later it was discovered that some were

CONFIDENTIAL – PURSUANT TO FED. R. CRIM. P. 6(e)¶

DB-SDNY-0103225 DB-SDNY-0103225 EFTA00128820¶

not. (Epstein has taken a lie detector test to prove that he was never aware that they were underage and all women have admitted to saying that they were of-age.)¶

Since the 2008 conviction Epstein has made 17 out-of-court settlements.

BUSINESS WITH DB:¶

We would not be opening personal accounts for Mr. Epstein. Below is what we would be doing.

Name: Southern Financial LLC¶

Address: 6100 Red Hook Quarter B3 St. Thomas USVI 00802¶

Date of Incorporation: 2/25/2013¶

Nature of Business: Formed to own certain assets¶

Source of wealth/funds¶

Name: Southern Trust Company, Inc.¶

Address: 6100 Red Hook Quarter B3 St. Thomas USVI 00802¶

Date of Incorporation: 11/18/2011¶

Nature of Business: Consulting Services relying on Financial and Biomedical algorithms Source of wealth/funds¶

Signatory will be Jeffrey E. Epstein on all accounts¶

Inquiry capacity : Jeanne Brennan, Harry Beller, Richard Kahn¶

CONFIDENTIAL – PURSUANT TO FED. R. CRIM. P. 6(e)¶

DB-SDNY-0103226 DB-SDNY-0103225 EFTA00128821¶

USVI Address: 6100 Red Hook¶

1. Southern Trust¶

a. Checks – 1000¶

b. JE is ONLY authorized signer/verbal confirmation for checking accounts¶

c. HB and JB will be verbal authorization for Brokerage account with POA¶

2. Southern Financial¶

a. Checks – 1000¶

b. JE is ONLY authorized signer/verbal confirmation for checking accounts¶

c. HB and JB will be verbal authorization for Brokerage account with POA¶

3. Jeepers¶

a. Checks – 1000¶

b. JE is ONLY authorized signer/verbal confirmation for checking accounts¶

c. HB and JB will be verbal authorization for Brokerage account with POA¶

4. Haze Trust¶

a. Checks – 1000¶

b. JE is ONLY authorized signer/verbal confirmation for checking accounts¶

5. J.E VI Foundation¶

c. HB and JB will be verbal authorization for Brokerage account with POA¶

a. Only Brokerage¶

b. HB and JB will be verbal authorization for Brokerage account with POA¶

6. Personal Accounts¶

a. Checks –1000¶

b. JE and HB have signing/verbal authority for checking¶

c. HB and JB will be verbal authorization for Brokerage account with POA¶

7. Butterfly Trust¶

a. Checks –500 or 1000?¶

b. JE is ONLY authorized signer/verbal confirmation for checking accounts¶