EFTA01381145.pdf

10) The SOW narrative for Jeffrey Epstein seems a bit outdated. It still refers to the Financial Tmst Company as the SOW Company. However, based on the consent of board of directors meeting from 2013, Financial Trust Company merged into Southern Financial LLC with Southern Financial LLC as the surviving entity. Please updated the SOW narrative and provide research etc for the new entity. • Refer to Last KYC Approved case # 1898372 - 2/13/2018 • Jeffrey Edward Epstein (born January 20. 1953) is an American financier and registered sex offender in the United States. He worked at Bear Stearns early in his career and then formed his own firm. J. Epstein & Co. In 2008. Epstein was convicted of soliciting an underage girl for prostitution for which he served 13 months in prison. He lives in the US Virgin Islands. Epstein taught calculus and physics at the Dalton School in Manhattan from 1973 to 1975. Among his students was a son of Alan C. Greenberg, chairman of Bear Stearns. • In 1976. Epstein started work as an options trader at Bear Stearns where he worked in the special products division. advising high-net-worth clients on tax strategies. Proving successful in his financial career, in 1980 Epstein became a partner at Bear Stearns. • In 1982. Epstein founded his own financial management firm. J. Epstein & Co.. managing the assets of clients with more than SI billion in net worth. In 1987, Leslie Wexner. founder and chairman of Ohio-based The Limited chain of women's clothing stores, became a well-known client. Wexner acquired Abercrombie & Fitch the following year. In 1992 he converted a private school on the Upper East Side into an enormous residence. Epstein later bought that property, in the wealthiest part of Manhattan. in 1996. Epstein changed the name of his firm to the Financial Trust Company and. for tax advantages, based it on the island of St. Thomas in the U.S. Virgin Islands. • In 2003, Epstein bid to acquire New York magazine. Other bidders were advertising executive Donut• Deutsch, investor Nelson Pelts, media mogul and publisher Mortimer Zuckerman who had the New York Daily News, and film producer Harvey Weinstein. They were ultimately outbid by Bruce Wasserstein, a longtime Wall Street investor, who paid S55 million • In 2004, Epstein and Zuckerman committed up to $25 million to finance Radar a celebrity and pop culture magazine founded by Macr Roshan Epstein and Zuckerman were equal partners in the venture. Roshan. as its editor-in-chief. retained a small ownership stake. • Presently, Mr. Epstein foundcd Southern Tntst Company Inc, a private consulting company that invests the assets of their clients and gets their revenue from the return of these investments. Southern Trust invests in different portfolios catered to their clients and makes their revenue based on the returns and the fees associated with managing their client's assets. 11) Please explain in detail what this account is being used for. What are the monthly expenses of the company? Deposit account related to art purchase. It couldn't be clearer in the current description: • Jeffrey and Caroline share the same affinity for art and decided to become partners investing in artwork from up and coming artists together. They both invest equally in the purchases of the artwork. 13) Please provide COGS for Nytanee. LLC. • Explain? 17) Please provide proof of delivery for the FinCEN form. Please ensure it was e-mailed by the same person who signed the fonn (Jeffrey Epstein). • Will revert shortly Regards. Brad Bradley Gillin Vice President Deutsche Bank Wealth Management 345 Park Avenue, 24th Fl New York. NY 10154 Tel. (212) 454-1130 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0079918 CONFIDENTIAL SDNY GM_00228102 EFTA01381145