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financial/FORENSIC_ACCT_3_INTER_ENTITY_FLOWS

FORENSIC ACCOUNTING REPORT NO. 3

financial

FORENSIC_ACCT_3_INTER_ENTITY_FLOWS.md

/reports/financial/FORENSIC_ACCT_3_INTER_ENTITY_FLOWS.html

120

["EFTA01482935", "EFTA02389513", "EFTA01525616", "EFTA01482260", "EFTA01524219", "EFTA01413882", "EFTA01381149", "EFTA02397369", "EFTA01423664", "EFTA01528444", "EFTA01435880", "EFTA01359500", "EFTA01387487", "EFTA02629919", "EFTA01497326", "EFTA01386013", "EFTA01425378", "EFTA01426009", "EFTA01482000", "EFTA01339374", "EFTA01417218", "EFTA01482271", "EFTA02617189", "EFTA01355903", "EFTA01431991", "EFTA01413851", "EFTA02711200", "EFTA01334323", "EFTA01425048", "EFTA01369019", "EFTA01430770", "EFTA01656524", "EFTA01482759", "EFTA01528492", "EFTA01384822", "EFTA01497327", "EFTA01483269", "EFTA01527665", "EFTA01482494", "EFTA01372590", "EFTA01426766", "EFTA01430931", "EFTA01438047", "EFTA01496441", "EFTA01388936", "EFTA01414241", "EFTA01255393", "EFTA01408771", "EFTA01482967", "EFTA01483341", "EFTA01430266", "EFTA01524814", "EFTA01346198", "EFTA01414223", "EFTA01482375", "EFTA01482283", "EFTA01386946", "EFTA01482474", "EFTA01376270", "EFTA02359292", "EFTA01426305", "EFTA01483039", "EFTA02671293", "EFTA01372227", "EFTA01483035", "EFTA02238206", "EFTA01426081", "EFTA01398741", "EFTA02493823", "EFTA01737736", "EFTA01383963", "EFTA01387049", "EFTA02726121", "EFTA01426627", "EFTA01524478", "EFTA02654984", "EFTA01437262", "EFTA01482650", "EFTA02678941", "EFTA01381246", "EFTA01528427", "EFTA01477454", "EFTA01482500", "EFTA02350093", "EFTA01415196", "EFTA01503431", "EFTA01406280", "EFTA01435069", "EFTA02636559", "EFTA01477330", "EFTA01385614", "EFTA01381029", "EFTA01482300", "EFTA01383964", "EFTA01414982", "EFTA01497375", "EFTA01419809", "EFTA01430999", "EFTA01421324", "EFTA01430750"]

["Ariane de Rothschild", "Daphne Wallace", "Darren Indyke", "Gates", "Glen", "Glenn Dubin", "HYPERION AIR INC", "Jeffrey Epstein", "JEGE INC", "Josh", "Karyna Shuliak", "Leon Black", "Lesley Groff", "Matt", "Nadia Marcinkova", "Natalie", "Paul Morris", "Richard Kahn", "Sting", "Stewart Oldfield", "Bradley Gillin", "Martin Zeman", "Xavier Avila", "Liam Osullivan", "Joshua Shoshan", "Primary Accou", "Southern Financial", "Paul Barrett", "Periodic Review", "Cynthia Rodriguez", "Brigid Macias", "Collateral Yield", "Primary Accoun", "Keith Buckholz", "Srikanta Gouda", "Natalie Barak", "Harvest Collateral", "Collateral Admin", "Arthur Tremblay", "Fedwire Debi", "Epstein Files", "Donald Summer", "Zorro Ranch", "Outgoing Money", "Funds Transferred", "Internal Funds", "Robert Dicerbo", "Wells Fargo", "Zbynek Kozelsky", "Kathy Ruemmler"]

**Classification:** Forensic Financial Analysis **Database:** the primary document text database (1,808,915 redactions; 107,422 extracted entities; 39,588 reconstructed pages) **Date of Analysis:** 2026-02-05 **Analyst:** Independent Forensic Researcher **Subject:** Jeffrey E. Epstein -- Deutsche Bank Relationship Manager Code 82289

FORENSIC ACCOUNTING REPORT NO. 3 INTER-ENTITY FUND FLOWS: EPSTEIN SHELL COMPANY NETWORK Classification: Forensic Financial Analysis Database: the primary document text database (1,808,915 redactions; 107,422 extracted entities; 39,588 reconstructed pages) Date of Analysis: 2026-02-05 Analyst: Independent Forensic Researcher Subject: Jeffrey E. Epstein -- Deutsche Bank Relationship Manager Code 82289 --- EXECUTIVE SUMMARY Analysis of text extracted from the DOJ Epstein files reveals a sophisticated multi-entity financial architecture maintained at Deutsche Bank under a single Relationship Manager code (RM 82289). At least 19 entities operated as an interconnected fund pool (the original count of 18 has been revised upward with the identification of Jeepers, Inc. as a significant entity in the DS11 revisit), managed by bankers Jj Litchford (primary) and Paul Morris (secondary), with day-to-day operations handled by Stewart Oldfield and Bradley Gillin. The entire structure was organized under the umbrella designation "SOUTHERN FINANCIAL RELATIONSHIP" -- meaning Deutsche Bank treated all sub-entities as a single client relationship. Key findings: Total consolidated assets exceeded $110 million across all entities at peak. CORRECTION (Revisit): DS11 email from Richard Kahn (EFTA02671293) shows the top 3 entities alone held $159,125,000 as of October 2015 (Southern Trust $82.5M + Haze Trust $47.375M + Southern Financial $29.25M). A June 2013 master valuation (EFTA02678941) shows total portfolio of $319,455,302 including partnerships and investments. The original $110M estimate was based on incomplete DB balance reports and significantly understated actual holdings. THE HAZE TRUST alone held $49.5 million at peak in its DBAGNY sub-account (Account N4G024943), plus investment positions in a separate Brokerage sub-account SOUTHERN TRUST COMPANY, INC. held $82.5 million at peak (10/31/2015 per EFTA02671293). The original report identified only $45.15M (09/30/16), which was 11 months later and reflected intervening disbursements Inter-entity DDA-to-DDA fund transfers occurred via account 739110438 (Epstein personal) to at least three subsidiary accounts Book transfers moved funds between entities without external wire activity A derivatives overlay ("Harvest Collateral Yield Enhancement Strategy") operated through the structure The "2017 CATERPILLAR TRUST" appears as an additional entity with returned funds generating compliance concern --- THE COMPLETE ENTITY MAP 1.1 Master Account Roster (EFTA01359500) A recovered Deutsche Bank internal account roster reveals the full relationship under a single banker team. All accounts were assigned to: Primary Officer: Jj Litchford Secondary Officer: Paul Morris Entities on the roster: # Entity Name Account Type Relationship Tier --- ------------ ------------- ------------------ 1 JEFFREY EPSTEIN (personal) N (Personal) Principal 2 JEFFREY EPSTEIN (2nd account) N (Personal) Principal 3 SOUTHERN TRUST COMPANY, INC. M (Corporate) Tier 1 Holding 4 SOUTHERN FINANCIAL LLC D (Corporate) Tier 1 Holding 5 NEPTUNE, LLC D (Corporate) Tier 2 Operating 6 HYPERION AIR, LLC D (Corporate) Tier 2 Operating 7 JEGE, INC D (Corporate) Tier 2 Operating 8 PLAN D, LLC D (Corporate) Tier 2 Operating 9 JEGE, LLC D (Corporate) Tier 2 Operating 10 THE 2007 JEFFREY E. EPSTEIN [Trust] Trust Trust Vehicle 11 DARREN K. INDYKE PLLC D (Professional) Legal Nexus 12 LEON D. BLACK (2 accounts) N (Personal) Associated Client 13 DOMINIQUE LEIMER (2 accounts) N (Personal) Associated Client 14 CHRISTOPHER A. BOIES N (Personal) Associated Client 15 TODD & KAREN WANEK JTWROS N (Personal) Associated Client Source: EFTA01359500 -- Deutsche Bank internal account management record 1.2 Extended Entity Network (EFTA01477454) A Morris/Oldfield banker assignment document reveals the FULL breadth of entities managed: Core Epstein Entities: JEFFREY EPSTEIN (personal) SOUTHERN FINANCIAL LLC ("SOUTHERN FIN") SOUTHERN TRUST COMPANY ("SOUTHERN TRU") NEPTUNE LLC HYPERION AIR LLC / HYPERION AIR INC JEGE INC JEGE LLC NES LLC PLAN D LLC DARREN K. INDYKE PLLC HBRK ASSOCIATES INC ("HBRK ASSOCIA") BUTTERFLY TRUST GRATITUDE AMERICA [LTD] ZORRO MANAGEMENT LLC / ZORRO DEVELOPMENT CORP JSC INTERIORS LLC MORT, INC 55W 2007 LLC / SSW LLC GEW 2007 LLC CRW 2007 LLC / CRW 2009 LLC Additional Managed Names (same banker team): LEON D. BLACK CHRISTOPHER BOIES DOMINIQUE LEIMER WANEK TRUST OF 2000 / TODD R. WANEK NEW YORK STRATEGY GROUP MARK F. DZIALGA THE NATIONAL ORGANIZATION [FOR WOMEN?] SHARI WAGNER 2014 GRANT KATI FORSYTHE 2014 GRANT Source: EFTA01477454 -- Morris/Oldfield banker assignment master list 1.3 SAR Subject Listing (EFTA01656524) A Suspicious Activity Report listing identifies 25 subjects in a single filing: AVILOOP LLC [Redacted] BUTTERFLY TRUST [Redacted] DARREN K INDYKE PLLC 6-7. [Redacted] HBRK ASSOCIATES INC [Redacted] HYPERION AIR LLC INDYKE [personal] JEGE LLC JSC INTERIORS LLC [Redacted] KLEIN LSJE LLC 17-18. [Redacted] NEPTUNE LLC PLAN D LLC SAIPHLR SOUTHERN COUNTRY INTERNATIONAL SOUTHERN FINANCIAL LLC SOUTHERN TRUST COMPANY [INC.] ZORRO MANAGEMENT LLC Key Observation: This SAR covers 25 subjects in a single suspicious activity filing -- an extraordinarily large filing that indicates regulators viewed the entire network as a single suspicious operation. --- CONSOLIDATED BALANCE SNAPSHOTS 2.1 "Large, Zero and Negative Balances" Reports Deutsche Bank generated periodic internal reports under RM CODE 82289 flagging account balances. These recovered snapshots provide point-in-time views of the entire entity network. Snapshot A: 09/30/2016 (EFTA01381029) Entity Category Balance -------- ---------- --------- SOUTHERN TRUST COMPANY, INC. M $45,151,615.37 Peak balance observed for Southern Trust. Snapshot B: 06/21/2018 (EFTA01381246) Entity Category Balance -------- ---------- --------- JEFFREY EPSTEIN N $1,224,163.61 HYPERION AIR, LLC D $347,674.83 PLAN D, LLC D [partially redacted] JEGE, LLC D $299,328.13 DARREN K. INDYKE PLLC D $243,363.55 HBRK ASSOCIATES, INC D $211,289.05 SOUTHERN TRUST COMPANY, INC. M [OCR degraded] BUTTERFLY TRUST M $733,701.04 GRATITUDE AMERICA, LTD M $323,223.15 DARREN K. INDYKE PLLC (2nd acct) M $267,972.25 THE HAZE TRUST D $49,460,098.13 SOUTHERN FINANCIAL LLC D $532,186.86 SOUTHERN TRUST COMPANY, INC. D $102,625.90 Peak balance observed for The Haze Trust: $49.46M. Snapshot C: 08/17/2018 (EFTA01381149) Entity Category Balance -------- ---------- --------- JEFFREY EPSTEIN N $1,243,515.74 SOUTHERN FINANCIAL LLC D $376,315.00 PLAN D, LLC O $326,685.34 JEGE, LLC D $285,583.43 DARREN K. INDYKE PLLC D $259,740.02 HBRK ASSOCIATES, INC D $149,498.33 NES LLC D $264,466.13 GRATITUDE AMERICA, LTD N $2,075,025.07 ZORRO MANAGEMENT, LLC O $424,475.56 THE HAZE TRUST D $2,503,667.84 SOUTHERN TRUST COMPANY, INC. [M] [OCR degraded] BUTTERFLY TRUST [M] $704,736.63 GRATITUDE AMERICA, LTD (2nd) [M] $323,679.36 DARREN K. INDYKE PLLC (2nd) [M] $268,350.45 THE HAZE TRUST (2nd acct) D $40,583,100.79 SOUTHERN FINANCIAL LLC (2nd) [D] $534,440.04 SOUTHERN TRUST COMPANY, INC. [D] $102,917.53 CRITICAL OBSERVATION: Multiple entities (Haze Trust, Southern Financial, Southern Trust, Darren K. Indyke PLLC, Gratitude America) appear TWICE in the same report with different account categories (D vs M, or two D accounts). This means each entity maintained multiple accounts at Deutsche Bank -- e.g., The Haze Trust had at least two accounts, one showing $2.5M and another showing $40.6M. Snapshot D: 08/28/2018 (EFTA01413971) Entity Category Balance -------- ---------- --------- SOUTHERN FINANCIAL LLC D $1,376,315.00 NES, LLC D $252,123.92 LSJE, LLC D $240,223.25 ZORRO MANAGEMENT, LLC D [partially recovered] SOUTHERN TRUST COMPANY, INC. M $1,485,501.88 THE HAZE TRUST D $35,583,100.79 SOUTHERN FINANCIAL LLC (2nd) D $534,440.04 Snapshot E: 10/03/2018 (EFTA01431991) Entity Category Balance -------- ---------- --------- SOUTHERN [FINANCIAL] [D] [OCR degraded] NEPTUNE, LLC D $366,477.90 HYPERION AIR, LLC D $147,203.75 PLAN D, LLC D $225,444.72 JEGE, LLC D $255,684.99 DARREN K. INDYKE PLLC D $184,512.01 NES, LLC D $149,710.54 ZORRO MANAGEMENT, LLC D $124,356.26 THE HAZE TRUST D $2,503,667.84 SOUTHERN TRUST COMPANY, INC. M $2,470,113.49 BUTTERFLY TRUST M $705,802.21 GRATITUDE AMERICA, LTD M $314,162.94 DARREN K. INDYKE PLLC (2nd) M $268,754.26 THE HAZE TRUST (2nd acct) D $12,690,279.36 SOUTHERN FINANCIAL LLC D $1,536,739.37 SOUTHERN TRUST COMPANY, INC. D $103,227.37 Snapshot F: 11/14/2018 (EFTA01430931) Entity Category Balance -------- ---------- --------- JEFFREY EPSTEIN N $4,378,298.11 SOUTHERN FINANCIAL LLC D [OCR degraded] NEPTUNE, LLC D $276,010.83 HYPERION AIR, LLC D $147,203.75 PLAN D, LLC D $789,557.84 JEGE, LLC D $239,917.66 DARREN K. INDYKE PLLC D $116,631.92 NES, LLC D $252,347.66 ZORRO MANAGEMENT LLC D $265,245.21 THE HAZE TRUST D $2,503,667.84 Snapshot G: Undated, ~Late 2018 (EFTA01430750) Entity Category Balance -------- ---------- --------- JEFFREY EPSTEIN N $2,340,530.11 SOUTHERN FINANCIAL LLC D $1,187,706.86 HYPERION AIR, LLC D $147,203.75 PLAN D, LLC D $218,453.14 JEGE, LLC D $255,684.99 DARREN K. INDYKE PLLC D $167,897.44 NES, LLC D $114,217.89 GRATITUDE AMERICA, LTD N $2,025,366.25 ZORRO MANAGEMENT LLC D $118,575.62 THE HAZE TRUST D $2,503,667.84 SOUTHERN TRUST COMPANY, INC. M $2,470,113.49 BUTTERFLY TRUST M $705,802.21 SOUTHERN FINANCIAL LLC (2nd) D $1,536,739.37 SOUTHERN TRUST COMPANY, INC. D $103,227.37 Snapshot H: Undated, Highest Aggregates (EFTA01430852) Entity Category Balance -------- ---------- --------- JEFFREY EPSTEIN N $2,507,267.47 JEGE, LLC D $463,079.08 DARREN K. INDYKE PLLC D $439,904.52 HBRK ASSOCIATES, INC D $418,598.61 SOUTHERN TRUST COMPANY, INC. M [OCR: ~$1.15M?] GRATITUDE AMERICA, LTD M $365,988.50 THE HAZE TRUST D $49,233,909.70 SOUTHERN FINANCIAL LLC D $7,013,127.50 SOUTHERN TRUST COMPANY, INC. D $4,096,966.10 --- INTER-ENTITY FUND FLOW ANALYSIS 3.1 DDA-to-DDA Internal Transfers (Fedwire Range EFTA01482000-01530000) The personal Epstein account (DDA# 000000739110438) served as the central hub for inter-entity transfers: EFTA# Transfer Description From Account To Account ------- --------------------- ------------- ----------- EFTA01482909 Funds Transferred From DDA 739110438 (Epstein) [destination redacted] EFTA01482935 Funds Transferred From DDA 739110438 (Epstein) [destination redacted] EFTA01482950 Funds Transferred From DDA 739110438 (Epstein) 739123130 EFTA01482967 Funds Transferred From DDA 739110438 (Epstein) 739121472 EFTA01483039 Funds Transferred From DDA 739110438 (Epstein) 739474340 Additional flow: An asset account transfer was also observed: EFTA01483035: "From Asset Ac# Q30171005 To DDA Ac# 000000739110438" CRITICAL: Asset account Q30171005 is confirmed as belonging to SOUTHERN TRUST COMPANY, INC. (Source: EFTA01583582, EFTA01584675, EFTA01584982 -- Morgan Online Administration Tool records). This means Southern Trust Company liquidated assets and sent proceeds to Epstein's personal account. Account 739121472 appears in multiple records with "LETTER FROM CLIENT" and "AS REQUESTED" notations (EFTA01497326, EFTA01497327, EFTA01497375), suggesting this was a managed account where transfers were made at the client's direction. 3.2 Book Transfers (Internal Bank Movements) Book transfers -- movements within the same bank that bypass the wire system -- were documented: EFTA# Description Counterparty/Detail ------- ------------- ------------------- EFTA01483362 03/30 Book Transfer A/C: Zorro Trust, New York, NY EFTA01527665 11/16 Book Transfer Zorro Trust EFTA01482759 Book Transfer NC: STRANGHAYES HOLDING EFTA01483094 Book Transfer NC: Banc[o...] EFTA01483269 10/28 Book Transfer MC: Banco EFTA01483341 Book Transfer A/C: The[...] EFTA01524814 05/30 Book Transfer NC: Samantha K Harris, New York, NY EFTA01528492 06/14 Book Transfer A/C: Gulfstream A[erospace] EFTA01437262 BOOK TRANSFER D[ebit] [In context of OUTGOING MONEY from entity account] EFTA01482368 Book Transfer Debit [Multiple] EFTA01482375 Book Transfer Debit [Multiple] EFTA01524219 Book Transfer Debit [From entity account] Key observation: Book transfers to ZORRO TRUST appear in both the Epstein personal account statements and the Zorro entity statements, confirming bidirectional money flow. The Gulfstream book transfer connects to aviation operations (JEGE, LLC / HYPERION AIR). 3.3 Internal Transfer of Funds / Automatic Transfers EFTA# Description ------- ------------- EFTA01482260 03/18 Internal Transfer of Funds, As Requested EFTA01482271 04/05 Internal Transfer of Funds, As Requested EFTA01482474 Internal Funds Transfer EFTA01482494 Internal Funds Transfer EFTA01482500 Internal Funds Transfer EFTA01482650 Internal Funds Transfer - JEFFREY E EPSTEIN EFTA01528427 Internal Transfer of Funds EFTA01528444 Internal Transfer EFTA01414982 SOUTHERN FINANCIAL LLC $1,132,731.96 -- AUTOMATIC TRNSFR C CRITICAL: The AUTOMATIC TRNSFR notation on the Southern Financial LLC entry (EFTA01414982) indicates a standing automatic sweep -- likely a cash management arrangement where funds were automatically transferred between Southern Financial and another entity (probably Epstein personal or Southern Trust) on a scheduled basis. 3.4 Fedwire Transfers to/from Entity Names EFTA# Wire Description Entity Referenced ------- ----------------- ------------------ EFTA01482283 05/29 Fedwire Debit Via: Wells Fargo NA/121000248 NC: Zorro Development Corp. EFTA01482300 07/03 Fedwire Debit Via: Mfrs Buf/022000046 NC: International Jet Interiors -- Ref. Jege EFTA01524478 Fedwire Debit Via: Citibank West Nes LIc [NES LLC] / Direct Debit EFTA01482300 Fedwire Debit to Firstbank Puerto Rico Fao Lsje, LLC EFTA01527665 Fedwire Debit Via: multiple banks A/C: Lsj LLC [LSJE] 3.5 The "SOUTHERN FINANCIAL RELATIONSHIP" Structure A critical recovered record (EFTA01427242) explicitly identifies the hierarchical structure: Stewart Oldfield SOUTHERN FINANCIAL RELATIONSHIP -- Darren K. Indyke PLLC DARREN K. INDYKE PLLC Stewart Oldfield SOUTHERN FINANCIAL RELATIONSHIP -- JEGE, Inc JEGE, INC -- 6100 [Red Road address] This confirms that SOUTHERN FINANCIAL LLC was the parent/umbrella relationship under which other entities were nested. Additional records confirm: JEGE, LLC was added to the SOUTHERN FINANCIAL RELATIONSHIP on 2/17/2015 (EFTA01398741), managed by Paul Morris GRATITUDE AMERICA was part of the "SOUTHERN FINANCIAL RELATIONSHIP" (EFTA01477330) The relationship was activated 10/19/2015 (EFTA01477330) --- ENTITY-BY-ENTITY ANALYSIS 4.1 THE HAZE TRUST (Account N4G024943) Peak Balance: $49,460,098.13 (06/21/18) Account: N4G024943, also referenced as SAM1788880 (AML case ID) Multiple accounts: At least 2 DDAs -- one showing ~$2.5M and another showing $40-49M AML inquiries: Subject of extensive compliance investigation (EFTA01413743, EFTA01414223, EFTA01414241) involving Cynthia Rodriguez, Stewart Oldfield, Joshua Shoshan, Donald Summer, Cherie Quigley, Zbynek Kozelsky, and the AML Compliance Inquiries team Balance trajectory: $49.46M (06/18) -> $40.58M (08/17/18) -> $35.58M (08/28/18) -> $12.69M (10/03/18) -> $2.50M (11/14/18) Drain rate: $46.96 MILLION withdrawn in approximately 5 months (June-November 2018) 4.2 SOUTHERN TRUST COMPANY, INC. Peak Balance: $45,151,615.37 (09/30/16) Asset Account: Q30171005 (confirmed via Morgan Online Administration Tool) Multiple categories: Appeared as both M (managed) and D in reports Fund transfers FROM: Asset account Q30171005 transferred to Epstein personal DDA 739110438 Balance range: $102,625 - $45,151,615 Second balance observation: $43,785,615.37 (another date in 2016, EFTA01381103) 4.3 SOUTHERN FINANCIAL LLC (Account N4G-026161) Peak Balance: $7,013,127.50 Account Number: N4G-026161 (confirmed via email subjects) AUTOMATIC TRANSFER: $1,132,731.96 automatic transfer documented Balance range: $376,315 - $7,013,127 Subject of periodic review: "2018 Periodic Review of Accts Southern Financial" (EFTA01406280) 4.4 NEPTUNE, LLC (Account xxx3424/xxx342) Account ending: xxx3424 (or xxx342) Peak Balance: ~$366,477.90 Monthly balance tracking (from consolidated snapshots): $250,390.13 (one snapshot) $156,217.67 / $165,204.86 / $137,953.37 (various months) $155,820.43 / $155,275.32 (close together) $209,812.70 / $182,205.85 / $135,620.37 $276,010.83 (11/14/18) $366,477.90 (10/03/18) Suspicious wires: Email chain regarding "Neptune $1200 and $1000 wires" involving Natalie Barak, Richard Kahn, Stewart Oldfield, and Bradley Gillin (EFTA01425378, EFTA01426627, EFTA01435069) Bank statements: Extensive monthly statements from 1/2012 through at least 2/2014 (EFTA01496441-01496643) Corporate Resolution: Subject of corporate resolution inquiry (EFTA01430266) Property management: "Property manager at Neptune" (EFTA01920341) -- suggesting Neptune held real property High risk review: Subject of "Periodic Review of High Risk" combined with another entity (GCIS# referenced) 4.5 HYPERION AIR, LLC / INC Balance: Stable at $147,203.75 across multiple snapshots (suggests a maintenance/reserve account) Purpose: Aviation -- "Sikorsky Statement - Hyperion Air" (EFTA01334323) Bank statements: Extensive monthly statements (EFTA01494290-01494836) Entity evolution: Changed from "HYPERION AIR INC" to "HYPERION AIR LLC" KYC inquiry: EFTA01426009 4.6 JEGE, LLC / JEGE, INC Balance range: $239,917 - $463,079 Address: 6100 Red Road [Miami area] Aircraft: N908JE Boeing registered to JEGE INC Aircraft sale: N722JE escrow through AIC Title Service, involving Darren Indyke and Richard Kahn (EFTA01334323) Fedwire: International Jet Interiors payment "Ref. Jege" (EFTA01482300) Added to Southern Financial Relationship: 2/17/2015 via Paul Morris, with Indyke added as POA in February 2014 4.7 PLAN D, LLC Balance range: $218,453 - $789,557 Peak: $789,557.84 (11/14/18) 4.8 NES, LLC Balance range: $114,217 - $563,000 (approximate upper from context) Direct debit: NES LLC referenced in Fedwire debit via Citibank (EFTA01524478) Fedwire confirmation: Outgoing wire from NES entity confirmed 4.9 DARREN K. INDYKE PLLC Balance range: $116,631 - $439,904 TWO accounts: Appears twice in consolidated reports (one "D" category, one "M" category) D account range: $116,631 - $439,904 M account: Stable ~$267,972 - $268,754 PBS transaction: 06/21/2017 -- PBS (Pending Bank Sweep?) record (EFTA01419809) Wire authorization: JEE wire to Kellerhals involving Litchford, Kahn, Indyke (EFTA01346198) Legal entity relationship: Explicitly placed under "SOUTHERN FINANCIAL RELATIONSHIP" (EFTA01427242) 4.10 HBRK ASSOCIATES, INC Balance range: $149,498 - $418,598 Purpose: Accounting services (per SAR, EFTA01656524) 4.11 GRATITUDE AMERICA, LTD Balance range: $314,162 - $4,300,000+ (approximate from context) Two accounts: One "N" (up to $2,075,025) and one "M" (~$323,000) Within Southern Financial Relationship (EFTA01477330) 4.12 ZORRO MANAGEMENT, LLC / ZORRO DEVELOPMENT CORP / ZORRO TRUST Balance range: $118,575 - $464,682 Fedwire: 05/29 wire via Wells Fargo to Zorro Development Corp (EFTA01482283) Book transfers: Two confirmed book transfers TO Zorro Trust (EFTA01483362, EFTA01527665) Property: Zorro Ranch, P.O. Box 567, Stanley, NM 87056 / 49 Zorro Ranch Road PBS record: 06/21/2017 (EFTA01419809) Real property purchase: "Purchase by Zorro Trust of certain real property and appurtenant" (EFTA01503431 area) 4.13 BUTTERFLY TRUST Balance range: $700,000 - $734,175 Remarkably stable: $705,802.21 across multiple snapshots Category: M (managed/trust account) 4.14 LSJE, LLC Balance range: $172,419 - $501,905 Wire activity: Active outgoing wires -- email subject "HELP TO STOP WIRE FROM LSJE TO [destination]" involving Richard Kahn and Bradley Gillin (EFTA01417218, EFTA01426081, EFTA01426305) Fedwire to Puerto Rico: Wire to Firstbank Puerto Rico "Fao Lsje, LLC" (EFTA01483362) GCIS review: Combined with another entity (EFTA01362517: "GCIS#483882 & LSJE") Outgoing wire: "LSJE Outgoing Wire" to unspecified recipient (EFTA01403413) Monthly bonuses: "LSJE bonus for Sept" (EFTA01737736) -- suggests payroll/compensation function Plant orders: Multiple "Plant Order - LSJE LLC" references -- possibly landscape/property maintenance 4.15 PRYTANEE, LLC Balance: $197,XXX.14 (partially OCR-degraded, EFTA01415196) Date: 07/20/18 snapshot Purpose: Certificates requested ("Forms and Prytanee certificates") 4.16 THE 2017 CATERPILLAR TRUST Appeared in RM 82289 reports (EFTA01423664) "Returned funds to Caterpillar" -- Multiple email chains (EFTA01372227, EFTA01372590, EFTA01383963, EFTA01383964, EFTA01384822, EFTA01425048) Participants: Brigid Macias, Bradley Gillin, Richard Kahn, Darren Indyke, Stewart Oldfield Two accounts: "The 2017 Caterpillar Trust 2 accounts" (EFTA01430999) KYC issues: "Caterpillar KYC" inquiry (EFTA01421324) Case number: Case#13959886 (EFTA01408771) 4.17 HELICOPTER 1029 LLC Serial Number: sn 760750 (Sikorsky S-76C) Sale activity: "Sale of the Sikorsky S76C helicopter" (EFTA01339374) Helicopter resale: Associated with helicopterresales.com 4.18 AVILOOP LLC Listed as Subject 1 of 25 in SAR Bank statements: EFTA01525616-01525878 --- DERIVATIVES AND STRUCTURED PRODUCTS 5.1 Harvest Collateral Yield Enhancement Strategy (CYES) Manager: Harvest Volatility Management (www.harvestvolmgt.com) Product: "Harvest Collateral Yield Enhancement Strategy" -- a derivatives overlay Deutsche Bank internal name: "DB Harvest Collateral Yield Enhancement Strategy" Key contacts: Stewart Oldfield, Paul Barrett (DB trader), Kyle Vaughn Email trail: Extensive communications about the strategy (EFTA01385614 through EFTA01438047) Updates: "Harvest CYES Update" emails sent to Stewart Oldfield (EFTA01435880) ALPHAGROUP connection: Communications reference "ALPHAGROUP" in same context (EFTA01386013) PLN Roll: Paul Barrett handled "PLN Roll" (structured note rollovers) for the Epstein relationship (EFTA01413882, EFTA01426766), coordinated with Martin Zeman, Davide-A Sferrazza, and Xavier Avila Assessment: The Harvest CYES was likely deployed on the SOUTHERN TRUST COMPANY or HAZE TRUST portfolio (the two largest accounts), using Deutsche Bank's advisory infrastructure. The strategy appears to have been a collateralized options overlay generating yield on the multi-million dollar holdings. 5.2 New Derivatives Account Extensive email chain about opening a "New Derivatives account" (EFTA01355903-01356122) Involved: Keith Buckholz, Srikanta Gouda, Nitin-X Singh, CRM-PWM Derivatives team, Collateral Admin-NY, FX Middle Office This was a DB Private Wealth Management derivatives account --- FUND FLOW DIAGRAM 6.1 The Hub-and-Spoke Architecture EXTERNAL SOURCES v +-----------------------+ JEFFREY EPSTEIN Personal Account DDA: 739110438 Balance: $1.2-4.4M +----------+------------+ DDA-to-DDA Transfers (Documented) +--------------------+--------------------+ v v v DDA: 739123130 DDA: 739121472 DDA: 739474340 [Entity Unknown] [Entity Unknown] [Entity Unknown] "Letter from Client" "As Requested" ============================================================ TIER 1: MASTER HOLDING ENTITIES ============================================================ +---------------------------+ +---------------------------+ SOUTHERN TRUST CO., INC. THE HAZE TRUST Peak: $45.15M Account: N4G024943 Asset Acct: Q30171005 Peak: $49.46M Category: M (Managed) Category: D DRAIN: $49.5M -> $2.5M Transfers assets TO --> in 5 months (mid-2018) Epstein personal DDA +---------------------------+ +---------------------------+ Automatic transfers Balance drawdowns v v +---------------------------+ SOUTHERN FINANCIAL LLC Account: N4G-026161 Peak: $7.01M AUTOMATIC TRNSFR: $1.13M "Umbrella Relationship" +---------------------------+ SOUTHERN FINANCIAL RELATIONSHIP (All sub-entities nested under this) ============================================================ TIER 2: OPERATING ENTITIES ============================================================ +------------------+ +------------------+ +------------------+ NEPTUNE, LLC HYPERION AIR PLAN D, LLC Acct: xxx3424 LLC/INC Bal: $106-366K Bal: $147,203 Bal: $218-790K Wire: $1200,$1000 (STABLE-reserve) Property mgmt Aviation/Sikorsky +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ JEGE, LLC/INC NES, LLC LSJE, LLC Bal: $240-463K Bal: $114-563K Bal: $172-502K Aircraft N908JE Fedwire to Wires to PR Jet Interiors Citibank STOP WIRE order N722JE escrow Monthly bonuses +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ ZORRO MGMT, LLC HBRK ASSOC, INC DARREN K. INDYKE Bal: $119-465K Bal: $149-419K PLLC Zorro Ranch, NM Accounting svcs Bal: $117-440K Book transfers 2 accounts (D+M) from Epstein Legal nexus Fedwire via WF Under S.Fin Rel. +------------------+ +------------------+ +------------------+ ============================================================ TIER 3: TRUST/CHARITABLE ENTITIES ============================================================ +------------------+ +------------------+ BUTTERFLY TRUST GRATITUDE Bal: ~$705K AMERICA, LTD (Very stable) Bal: $314K-$2.1M Category: M 2 accounts +------------------+ +------------------+ ============================================================ TIER 4: ADDITIONAL ENTITIES ============================================================ +------------------+ +------------------+ +------------------+ PRYTANEE, LLC 2017 CATERPILLAR HELICOPTER 1029 Bal: ~$197K TRUST (2 accts) LLC Certificates Returned funds Sikorsky S-76C +------------------+ KYC issues sn 760750 +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ AVILOOP LLC JSC INTERIORS CRW 2009 LLC LLC Bal: $251,903 +------------------+ +------------------+ +------------------+ +------------------+ +------------------+ 55W 2007 LLC GEW 2007 LLC (SSW LLC) +------------------+ +------------------+ 6.2 Documented Inter-Entity Flow Directions SOUTHERN TRUST CO. (Asset Q30171005) -------> EPSTEIN PERSONAL (DDA 739110438) [Asset liquidation] EPSTEIN PERSONAL (DDA 739110438) -------> DDA 739123130 [Unknown entity] -------> DDA 739121472 [Unknown entity, "letter from client"] -------> DDA 739474340 [Unknown entity] -------> ZORRO TRUST [Book transfers x2] SOUTHERN FINANCIAL LLC -------> [AUTOMATIC TRNSFR $1,132,731.96] [Standing sweep] LSJE, LLC -------> Firstbank Puerto Rico [Fedwire] -------> [STOPPED WIRE - destination redacted] EPSTEIN PERSONAL -------> ZORRO DEVELOPMENT CORP [Fedwire via Wells Fargo] -------> International Jet Interiors (ref JEGE) [Fedwire] -------> Nautilus Inc [Fedwire via Firstbank PR] NES LLC -------> [Fedwire via Citibank West] NEPTUNE LLC -------> $1,200 wire [recipients redacted] -------> $1,000 wire [recipients redacted] [ENTITY UNKNOWN] -------> STRANGHAYES HOLDING [Book Transfer] [ENTITY] -------> Gulfstream Aerospace [Book Transfer] --- KEY FORENSIC FINDINGS 7.1 The Haze Trust Rapid Drawdown (June-November 2018) The most striking fund flow pattern is the $46.96 million drawdown of The Haze Trust in approximately 5 months: Date Haze Trust Balance (Primary) Change ------ --------------------------- -------- 06/21/2018 $49,460,098.13 -- 08/17/2018 $40,583,100.79 -$8,876,997 08/28/2018 $35,583,100.79 -$5,000,000 10/03/2018 $12,690,279.36 -$22,892,821 11/14/2018 $2,503,667.84 -$10,186,612 Total drained: ~$46,956,430 This drawdown coincides with the period when Deutsche Bank was preparing to exit the Epstein relationship. The $5,000,000 exact round-number drop between 08/17 and 08/28 suggests a single large transfer. The massive $22.9M drop in October 2018 could indicate bulk asset liquidation and transfer. 7.2 Caterpillar Trust -- Returned Funds Compliance Issue Multiple email chains discuss "returned funds to Caterpillar" -- funds that were sent to the Caterpillar Trust but were returned/rejected. Key participants: Brigid Macias (DB operations) Bradley Gillin (DB compliance/operations) Richard Kahn (Epstein CFO) Darren Indyke (Epstein attorney) The Caterpillar Trust had 2 accounts (confirmed: "The 2017 Caterpillar Trust 2 accounts") and was subject to a separate KYC review (Case#13959886). The returned funds suggest either the receiving bank rejected the transfer or compliance holds were placed. 7.3 Neptune LLC Wire Anomalies The "$1200 and $1000 wires" from Neptune LLC (EFTA01425378, EFTA01426627, EFTA01435069) are unusually small for a corporate account. These small, round-number wires from an entity holding $100K-$366K could indicate: Test transactions before larger transfers Regular small payments (rent, services) Structuring to avoid reporting thresholds (though at $1200/$1000, this would be far below the $10K CTR threshold) 7.4 LSJE Wire Emergency Three separate email records document a frantic "HELP TO STOP WIRE FROM LSJE TO [destination]" message involving Richard Kahn and Bradley Gillin. The urgency and the fact that it was copied to multiple people suggest either: A wire was sent to the wrong recipient A compliance hold was being triggered Funds were being redirected at the last moment 7.5 The Indyke PLLC Nexus Darren K. Indyke PLLC maintained two separate accounts at Deutsche Bank: A "D" category account (balance: $116K-$440K) An "M" category account (balance: ~$268K, very stable) The stable M-account suggests a trust or escrow function. The volatile D-account suggests an operating account receiving and disbursing funds. Indyke was explicitly placed under the "SOUTHERN FINANCIAL RELATIONSHIP" alongside JEGE, INC -- confirming his accounts were treated as part of the Epstein entity network, not as an independent law practice account. 7.6 Bank Accounts Closing (2018) Multiple references to "bank accounts closing" (EFTA01376270, EFTA01387487, EFTA01430770) involving Darren Indyke, Stewart Oldfield, and Bradley Gillin suggest a coordinated closure: "Re: 2 bank accounts closing" (EFTA01387487) "accounts closing [C]" marked as confidential (EFTA01430770) "Securities offered thro[ugh]" in same email context -- suggesting securities were being liquidated as part of the closing process 7.7 Consolidated Financial Position (Estimated Peak) Entity Estimated Peak Balance -------- ---------------------- THE HAZE TRUST $49,460,098 SOUTHERN TRUST COMPANY, INC. $45,151,615 SOUTHERN FINANCIAL LLC $7,013,128 GRATITUDE AMERICA, LTD $2,075,025 JEFFREY EPSTEIN (personal) $4,378,298 PLAN D, LLC $789,558 BUTTERFLY TRUST $734,175 LSJE, LLC $501,906 NES, LLC $563,000 (est.) JEGE, LLC $463,079 DARREN K. INDYKE PLLC (combined) $708,659 ZORRO MANAGEMENT, LLC $464,683 HBRK ASSOCIATES, INC $418,599 NEPTUNE, LLC $366,478 PLAN D, LLC $326,685 CRW 2009 LLC $251,903 PRYTANEE, LLC $197,000 (est.) HYPERION AIR, LLC $147,204 ESTIMATED TOTAL $113,000,000+ Note: Not all entities reached peak simultaneously. This represents aggregate maximum across all observed accounts. --- COMPLIANCE AND REGULATORY FLAGS 8.1 AML Investigations THE HAZE TRUST: Subject of extensive AML inquiry -- Alert# SAM1788880 (EFTA01369019) NEPTUNE, LLC: "Periodic Review of High Risk" entity (EFTA01378765, EFTA01386946) LSJE, LLC: Combined GCIS review (GCIS#483882) (EFTA01362517) 2017 CATERPILLAR TRUST: Case#13959886 (EFTA01408771) SOUTHERN FINANCIAL LLC: "2018 Periodic Review of Accts" (EFTA01406280) 8.2 The 25-Subject SAR Filing The SAR at EFTA01656524 named 25 subjects in a single filing -- an extraordinary scope that indicates Deutsche Bank's compliance team ultimately viewed the entire network as suspicious. The SAR notes: "debits to account" "consist of two checks totaling $100" Reference to "Case LLP" -- possibly a legal matter 8.3 Daily Deposit Reports RM0082289 Daily Deposit Reports were generated and sent to Stewart Oldfield, Bradley Gillin, Robert Dicerbo, and Arthur Tremblay (EFTA01413851) -- indicating the account activity required daily monitoring. --- ASSOCIATED INDIVIDUALS AND EXTERNAL CONNECTIONS 9.1 Key Personnel at Deutsche Bank Jj Litchford -- Primary account officer for ALL entities Paul Morris -- Secondary account officer for ALL entities Stewart Oldfield -- Day-to-day relationship manager Bradley Gillin -- Operations/compliance coordinator Paul Barrett -- Derivatives trader (PLN Rolls, Harvest CYES) Martin Zeman -- Trading support Davide-A Sferrazza -- Trading support Xavier Avila -- Trading support Liam Osullivan -- Involved in Southern Financial account issues Joshua Shoshan -- AML case handler Cynthia Rodriguez -- AML case handler 9.2 Key Personnel at Epstein Organization Darren Indyke -- Attorney, POA on accounts, account holder Richard Kahn -- CFO, authorized wire instructions Brigid Macias -- Operations (Caterpillar Trust funds, AFEX euros) 9.3 External Connections Firstbank PR (routing: 221571473) -- Multiple wires to Puerto Rico entities (LSJE, Nautilus) Wells Fargo (routing: 121000248) -- Wires to Zorro Development Corp Citibank West -- NES LLC Fedwire debit Banco Popular PR -- Multiple wires Gulfstream Aerospace -- Book transfer (aircraft purchase/maintenance) International Jet Interiors -- Fedwire (JEGE/aircraft interiors) STRANGHAYES HOLDING -- Book transfer recipient Nautilus Inc -- Fedwire via Firstbank PR Bell Helicopter / Sikorsky -- Aircraft purchases Samantha K Harris -- Book transfer recipient ($?) --- CONCLUSIONS 10.1 Entity Structure and Opacity The Epstein financial network at Deutsche Bank was a hub-and-spoke structure with multiple structural layers: Layer 1 (Hub): Jeffrey Epstein personal account (DDA 739110438) served as the central clearing account Layer 2 (Primary Holdings): Southern Trust ($45M) and The Haze Trust ($49M) held the bulk of assets Layer 3 (Operating Entities): ~12 entities with $100K-$7M each handled specific functions (aviation, real estate, legal, property management) Layer 4 (Trust/Charitable): Butterfly Trust and Gratitude America functioned as charitable/trust vehicles Layer 5 (Additional vehicles): Caterpillar Trust, Prytanee LLC, Aviloop LLC, and others served specialized purposes All entities were managed by the same banker team, nested under a single "Southern Financial Relationship," and appeared on a single consolidated balance report -- meaning Deutsche Bank was fully aware these were not independent entities but a single coordinated operation. 10.2 Money Movement Patterns Downward flow: Assets in Southern Trust (Q30171005) were liquidated and sent to Epstein personal, then distributed to sub-entities Lateral flow: Book transfers and internal transfers moved money between entities without leaving the bank Automatic sweeps: Standing automatic transfer arrangements (Southern Financial $1.13M) maintained entity balances External wires: Fedwires to Puerto Rico (LSJE, Nautilus), Wells Fargo (Zorro), and Citibank (NES) moved money outside Deutsche Bank 10.3 The 2018 Wind-Down The data strongly suggests a coordinated wind-down in 2018: The Haze Trust was drained from $49.5M to $2.5M between June and November 2018 "Bank accounts closing" emails in 2018 "Securities offered through" references in closing context Southern Trust declined from $45M (2016) to low millions by late 2018 This wind-down preceded Epstein's July 2019 arrest by approximately 6-12 months, raising the question of whether the drawdown was in anticipation of legal exposure. --- APPENDIX A: SOURCE DOCUMENT INDEX EFTA Number Document Type Key Content ------------- -------------- ------------- EFTA01359500 Account Roster Full entity/banker assignment table EFTA01381029 Balance Report Southern Trust $45.15M (09/30/16) EFTA01381103 Balance Report Southern Trust $43.79M EFTA01381149 Balance Report Full constellation, 08/17/18 EFTA01381246 Balance Report Full constellation, 06/21/18 EFTA01413971 Balance Report Partial constellation, 08/28/18 EFTA01414982 Transaction Southern Financial AUTOMATIC TRNSFR EFTA01430750 Balance Report Full constellation, late 2018 EFTA01430852 Balance Report Haze Trust $49.2M, S.Fin $7.0M EFTA01430931 Balance Report Full constellation, 11/14/18 EFTA01431991 Balance Report Full constellation, 10/03/18 EFTA01427242 Relationship Map Southern Financial Relationship structure EFTA01477330 Relationship Map Southern Financial Relationship activation EFTA01477454 Banker Assignment Morris/Oldfield full entity list EFTA01656524 SAR Filing 25 subjects named EFTA01482909-01483039 Bank Statements DDA-to-DDA transfers from 739110438 EFTA01583582 Admin Tool Southern Trust asset acct Q30171005 EFTA01425378 Email Neptune $1200/$1000 wires EFTA01417218 Email STOP WIRE FROM LSJE emergency EFTA01339374 Records Helicopter 1029 LLC, Sikorsky S-76C EFTA01383964 Email Returned funds to Caterpillar EFTA01430999 Email Caterpillar Trust 2 accounts EFTA01388936 Email Harvest Collateral Yield Enhancement Strategy EFTA01387049 Reference www.harvestvolmgt.com --- --- ADDENDUM: DS9/DS11 REVISIT FINDINGS (2026-02-12) Jeepers, Inc. -- The 19th Entity (Glenn Dubin Conduit) DS11 reveals Jeepers, Inc. as a significant entity with $22-28M in assets and a direct financial connection to Glenn Dubin. Under an "Assignment of Economic Interest Agreement dated August 1, 2011," Dubin assigned his Fortress Value Recovery Fund interest to Jeepers (an Epstein entity). Kahn managed ongoing distributions: "per agreement all money goes to [Dubin] until he receives back the 4,375,302 he just sent to jeepers thereafter jeepers keeps 100% of all distributions" (EFTA02359292). EFTA00165822 (DS9) confirms JEEPERSINC alongside other Epstein entities on Deutsche Bank trading authorization with account N4G024935. Multi-Bank Architecture (5+ Banks) EFTA02711200 (DS11) reveals the entity network operated across at least 5 banks: Deutsche Bank (majority), First Bank (Puerto Rico), UBS, BNP Paribas, and Wells Fargo. Southern Trust held $70.8M at Deutsche Bank and $828K at First Bank. Jeepers held $22.7M at Deutsche Bank. The original report focused exclusively on Deutsche Bank. Haze Trust: Giacometti Sculpture ($18-27.5M) DS11 reveals the Haze Trust also held a Giacometti sculpture ("Figure moyenne II") with a Christie's auction estimate of $18-25M (EFTA02654666) and a guarantee offer of $20M (EFTA02389513). A Braque and the Giacometti were purchased for $30M total but estimated at only $19-22M at resale, generating a $7-10M non-deductible personal loss (EFTA02654984). Leon Black personally advised on Paris storage at Chenue warehouse (EFTA02350093). His art advisor Heather Gray (Elysium Management) managed the sales. Caterpillar Trust: 2-Year GRAT DS11 and DS9 reveal the Caterpillar Trust was a 2-year grantor retained annuity trust (GRAT) established January 3, 2017, with Lesley Groff and Daphne Wallace as trustees. Groff asked: "What is the Caterpillar Trust for?" Klein replied: "Asset that we should sell and need a bank account to park money" (EFTA02238206). At closure (March 2019), $2.16M was moved to a new Butterfly Trust account at Morgan Stanley (EFTA02636559). Trust instrument (EFTA01255393) confirms termination clause directing balance to The 2013 Butterfly Trust. LSJE LLC: Personal Spending Vehicle DS11 reveals LSJE was heavily used for personal purchases directed by Karyna Shuliak: Chinese furniture ($4,850 + $15,300, Heshan Ruihui), Balinese art (Miroku/Nikini Art Indonesia), Swiss finishing school tuition (Institut Villa Pierrefeu, 34,510 CHF), rattan furniture for St. Thomas, a pool for the USVI property, and a wire that bounced through Alfa Bank Russia (EFTA02629919). Ariane de Rothschild: Contingent Fee to Southern Trust EFTA02493823 (DS11): Epstein negotiated a contingent fee with Ariane de Rothschild: "ariane pays southern trust (my co). based on final settlement with DOJ. payment between 150-200 -- 5 million, 100-150. 10 million, under 100 25 million." Kathy Ruemmler (former Obama White House Counsel) provided legal advice on the structure. The reference to "rothschild baer" and a "liquidity event" suggests Epstein was advising on restructuring of the Edmond de Rothschild Group. Aviloop LLC: Nadia Marcinkova Financial Support DS11 documents regular Aviloop wires from JEE personal accounts, a $50K furnished apartment (EFTA02726121), income classification discussions ($43,876 since February 2018), and consideration for involvement in a Gulfstream IV sale (EFTA02617189, November 2018). Payroll Analysis: 116+ Employees, $9.5M/Year EFTA02397369 (DS11): "JEE 2010 Payroll & Benefits Analysis" shows 12 entities employing 116+ people at $9.5M total. Island Grounds Inc. was the largest (69 employees, $2.8M). DKI PLLC (Darren K. Indyke) paid 2 employees $1.66M (averaging $832K each). Summary Table: Revised vs. Original Estimates Finding Original Report DS9/DS11 Revised --------- ---------------- ------------------ Peak consolidated assets ~$113M $159M+ (Oct 2015); total portfolio $319M (Jun 2013) Number of entities 18 19+ (Jeepers Inc. added) Southern Trust peak $45.15M (Sep 2016) $82.5M (Oct 2015) Banking architecture Deutsche Bank only 5+ banks (DB, First Bank, UBS, BNP Paribas, Wells Fargo) Haze Trust assets Financial only Financial + Giacometti ($18-27.5M) + Braque Caterpillar Trust purpose Unknown 2-year GRAT; assets to Butterfly Trust at Morgan Stanley LSJE LLC purpose Operating entity Personal spending vehicle for Karyna Shuliak Replacement bank Not discussed LGT Bank Liechtenstein cultivated March 2019 Total payroll Not quantified $9.5M/year across 116+ employees in 12 entities Gratitude America Charitable entity Tax vehicle + $30K payment to NYT reporter Landon Thomas Jr. Jeepers/Dubin Not profiled $4.375M backstop + ongoing distributions from Fortress Ariane de Rothschild Not mentioned Contingent $5-25M fee to Southern Trust --- This report is based solely on data extracted from the document text layers in the DOJ Epstein document production, supplemented by DS9/DS11 revisit findings (2026-02-12). OCR quality varies; some figures may contain minor transcription artifacts. All balances should be verified against original bank records where available. DATA QUALITY NOTE: A data quality audit confirmed that ~98% of 'bad_overlay' records in the redaction database are OCR noise from degraded scans, not text hidden behind removable redactions. Text searches against this corpus remain valid for identifying which documents mention specific terms. END OF REPORT