{"efta_number": "EFTA00587376", "page_count": 3, "url": "https://epstein-data.com/EFTA00587376", "pdf_url": "https://epstein-data.com/pdf/EFTA00587376.pdf", "pages": [{"efta_number": "EFTA00587376", "page_number": 0, "text_content": "On behalf of an entity yet to be formed, Jeffrey Epstein respectfully \nrequests consideration for approval of a license to operate a Protected Cell \nCompany within RTPark-PC as further described below. \nProvided below is a \nbrief summary regarding Mr. Epstein, his contributions to the Virgin Islands and \nhis plans for the prospective Protected Cell Company. A more comprehensive \ndue diligence submission will be made in the near future. In the meantime, \nplease do not hesitate to direct any and all questions or comments you may have \nregarding Mr. Epstein and the prospective Protected Cell Company to Mr. \nEpstein's counsel, Erika Kellerhals at Kellehals Ferguson, LLP, 9100 Havensight, \nPort of Sale, Suite 15/16, St. Thomas, Virgin Islands 00802, Telephone \nMr. Epstein's business career began in 1976 at Bear Stearns & Company. \nHe subsequently started his own financial consulting firm in 1981, which he \neventually brought to the Virgin Islands in 1999, when he opened Financial Trust \nCompany, Inc. Mr. Epstein is the Chairman, President and sole shareholder of \nFinancial Trust Company, Inc., a financial consulting firm which has been an \nEDC beneficiary for the past 12 years. In addition to his and his company's \nsignificant contributions to the Virgin Islands economy, over the past 12 years, \nMr. Epstein, his company and the philanthropic foundation he funded and \norganized have given over $2.3 million to U.S. Virgin Islands' charitable interests, \nincluding $1.1 Million to educational pursuits, and scholarship and enrichment \nprograms and approximately $650,000 to local U.S. Virgin Islands' charities and \nU.S. Virgin Islands' youth sporting organizations. His foundation has continued to \nprovide \nopportunities for \nscientific \nand \ntechnological \nexploration \nand \ndevelopment in the Virgin Islands by sponsoring several scientific symposiums in \nthe Virgin Islands enabling local interaction among Nobel Laureates and faculty, \npostdoctoral researchers, graduate and undergraduate students, educators and \nthe public. \nFor a relatively brief period in what has otherwise been a productive and \naccomplished life, Mr. Epstein did face some legal difficulties relating to mailers \nalleged to have taken place over five years ago exclusively within Palm Beach \nCounty, Florida. Following a local investigation commenced in 2005 by the Palm \nBeach Police and the Palm Beach County State Attorney, Mr. Epstein was \narrested and charged with one count of solicitation of prostitution in 2006. An \ninvestigation was conducted by the US Attorney's Office for the Southern District \nof Florida and the FBI in 2007 relating to the same local matters investigated by \nthe Palm Beach authorities. The federal investigation was discontinued in 2008 \nwithout the issuance of any federal charges. On June 30, 2008, before the \nFlorida Circuit Court for the 15th Judicial Circuit located in Palm Beach, Florida, \nMr. Epstein pleaded guilty to and was convicted of, the above-mentioned \nsolicitation charge and one count of procuring prostitution of a person under the \nage of 18. All of the alleged conduct investigated and all of the events as to \nwhich Mr. Epstein pleaded guilty and was convicted were limited to local events \nalleged to have taken place exclusively in Palm Beach County, Florida over 5 \nEFTA00587376\n", "char_count": 3335}, {"efta_number": "EFTA00587376", "page_number": 1, "text_content": "years ago. There have been no similar allegations or charges of any misconduct \nby Mr. Epstein since that time. Nothing investigated or to which Mr. Epstein \npleaded guilty and was convicted had any relation whatsoever to the business or \nindustry of Mr. Epstein or to the ownership, management or operation of any \nbusiness by Mr. Epstein. \nBeginning in 2008 a number of civil tort actions arising out of the same \nmatters alleged in the Palm Beach investigations were commenced against Mr. \nEpstein in Federal District Court for the Southern District of Florida, as well as in \nthe Florida Circuit Court of the 151h Judicial Circuit in and for Palm Beach County. \nOnce again, all of these cases related to matters alleged to have occurred over 5 \nyears ago exclusively within Palm Beach County and had no relation whatsoever \nto the business or industry of Mr. Epstein or the to ownership, management or \noperation of any of Mr. Epstein's businesses. All of these cases commenced \nagainst Mr. Epstein have been settled successfully and have been dismissed \nwith prejudice. In 2007, after Mr. Epstein's legal issues began attracting public \nattention, a tort action was commenced against Mr. Epstein in New York \nSupreme Court based on matters of a similar nature alleged to have occurred in \nNew York over 11 years ago. The trial court dismissed that case against Mr. \nEpstein with prejudice, and the matter was settled favorably to Mr. Epstein on \nappeal. A full description of all the relevant information regarding these cases \nwill be provided with Mr. Epstein's comprehensive due diligence submission. \nWith the exception of the above matters, which have been fully resolved, \nand a small number of legal actions or proceedings commenced by Mr. Epstein, \nas plaintiff, and successfully resolved, litigation commenced over the past 10 \nyears against Mr. Epstein as a defendant has been unremarkable, and all of it \nhas been resolved favorably to Mr. Epstein: \n• \nIn 2004, Mr. Epstein successfully settled a Pennsylvania state court \ncase with an artist involving a dispute over the performance of a \npersonal service contract. \n• \nIn 2005, Mr. Epstein and his company received a settlement in \nconnection with a dispute with Citibank brought in separate fora in New \nYork and in the Virgin Islands over investments made by Mr. Epstein's \ncompany in Citibank sponsored investment vehicles. \n• \nIn 2006, Mr. Epstein successfully settled a Florida Circuit Court case \nwith an artwork consignor involving a dispute among the consignor, the \ndealer and Mr. Epstein over ownership of artwork which Mr. Epstein \npurchased for good value from the dealer. \n• \nAn action was commenced in New York Supreme Court by the \nliquidating trustee of a limited partnership to recover distributions made \nseveral years earlier to a limited partner on the basis of audited \nfinancial statements, which were later challenged as inaccurate. Mr. \nEpstein was the trustee of the limited partner. The case against Mr. \n2 \nEFTA00587377\n", "char_count": 3015}, {"efta_number": "EFTA00587376", "page_number": 2, "text_content": "Epstein as trustee of the limited partner was dismissed with prejudice \nin 2007. \n• \nIn 2009, Mr. Epstein successfully settled a dispute in the United States \nDistrict Court for the Southern District of Florida with a marine \ncontractor who overcharged Mr. Epstein for its services at his Palm \nBeach property. \n• \nIn 2010, a case against Mr. Epstein in the Virgin Islands Superior Court \ninvolving a contract dispute with a contractor engaged to provide \nservices at Mr. Epstein's home in the Virgin Islands was dismissed by \norder of the Court and referred to Arbitration. The contractor did not \npursue the matter in Arbitration. \n• \nIn 2010, Mr. Epstein successfully settled a sales contract dispute in the \nVirgin Islands Superior Court with a seller who refused to honor the \nsales agreement and counterclaimed against Mr. Epstein. \n• \nIn 2011, Mr. Epstein and his company received a settlement in a \ndeclaratory judgment and contract action commenced against Mr. \nEpstein by an architectural and design firm. \nWith the exception of the case brought against Mr. Epstein as a trustee and the \nCitibank cases, which ended in either an outright dismissal of Mr. Epstein or a \nsettlement in Mr. Epstein's favor, none of the litigation described briefly above \ninvolved any of Mr. Epstein's business activities; they related to Mr. Epstein's \npersonal matters and all of them were successfully resolved and are no longer \npending. \nOver the past 10 years, neither Mr. Epstein, individually, nor any of his \ncontrolled affiliates, have ever been subject to an audit or a post audit penalty \nassessment by a tax authority (including, but not limited to, the Internal Revenue \nService and/or the Virgin Islands Bureau of Internal Revenue). Moreover, neither \nMr. Epstein nor any of his controlled affiliates have ever been adjudged, either \ncivilly or criminally, to be in violation of any laws relating to the conduct of his or \nany such controlled affiliate's business, or have ever been subject to a judgment, \ndecree or final order enjoining violations of any such laws, or prohibiting or \nmandating any business activities subject to such laws. \nMr. Epstein seeks approval from the University of the Virgin Islands \nResearch and Technology Park Corporation for a license to conduct business as \na Protected Cell Company as described below. [JE to provide description of \nProtected Cell Company] \n3 \nEFTA00587378\n", "char_count": 2415}]}