EFTA01480628.pdf

What is the clients current position? (Include any former Jeffrey Epstein is a longstanding client He has dissolved his positions, if significant to source of wealth) familyy (New York Strategy Group) and has split it in two ne of s 2 owners: Richard Kahn (SSN: D US — s 50% and Harry er St B: US Citizen owns 50%. Before HBRK Associates Inc . Hairy Beller worked at Citibank. Drexel Burnham Lambert. and Oppenheim Appel Dixon. Richard Kahn (SSN: II DOB: US Citizen) owns 50% of this entity a .S sourced weer is rincipal at HBRK Associates Inc. Epstein ( SSN: DOB: ... US Citizen) managed money or numerous high n amhes and has been an active investor himself. His NY address is 9 East 71st Street Now York. NY 10021 and his Virgin Islands address is 6100 Red Hook OTRS. Suao 53, St Thomas, Virgina Islands Epstein began his financial career in 1976 as an options trader at Bear Steams. He specialized in mathematical models such as the BlackScnoles optionencing model and later worked in the special products division, advising high net worth clients on tax strategies. In 1980, Epstein became a partner at Bear Steams. In 1982. Epstein founded his own financial management firm!. Epstein B eto. managing t - ts with more than a billion in n worth. In 1987. , founder and chairman of the Columbus. Oh' i c ain of women's-clothing stores became a well-known client. In 1996. Can Epstein changed tho name of his firm to The Financial Trust and based it in the US Virgin Islands. List the number of years in current position. (Include any 10000000 former positions. if significant to source of wealth) Approximate yearly income/salary/bonus/distribution and 1000000 other compensation history (accumulated earned income) Which country(les) isfare) the Clients primary Source of UNITED STATES Wealth or Income derived? Is this an Operating Company? No Total Net Worth 5 10000000.00 What was the total net worth based on? Financial Statements Is this client a Professional Service Provider acting as a No financial Intermediary (Gatekeeper/Financial Liaison), with assets held on behalf of one or more unidentified underlying clients unknown to the bank? Is this entity a Private Equity Fund (Venture Capital Fund or No Leveraged Buyout)? Is this a Hedge Fund? (Pooled Invesbnent vehicles (often No partnerships) that primarily invest financial capital of third party investors in enterprises that are too risky for the standard capital markets or bank loans.) Is this a Cash Intensive business? (Cashintensive No businesses/entities exist in various industry sectors and include, but are not limited to convenience stores, grocery stores, restaurants, bars, retail stores, liquor stores, cigarette distributors, privately owned ATMs, vending machine operators and parking garage operators.) Is this entity any of the following business types? as. None of the above Is the Entity a Personal Holding Company (PHC) or Personal No Investment Company (PIC) located in an offshore Jurisdiction? Business Case Please specify why you are comfortable with this client given We are currently exiting the Epstein relationship. the Identified risk factor(s). Your answer Is your - business case- and should detail all mitigating factors. Provide client history/detail, including when the relationship Epstein has been a client for over 10 years. was established, how It came to be in PEUPWM, client's association with other JPM LOBS, etc. Client known to whom (JPMorgan employees), how well, and Ho is known well to senior management, including John Duffy and how long: Mary Erdoes for many years. Overall PB/PWM relationship size and type of accounts: It was over 5200SIM. but given we arc exiting. it's down to $40NIM and wit soon be zero. Is this a shared client, what other LOB has a relationship with Na to my knowledge. the client? Provide relationship manager name (if known), client of other LOB since (date), and relationship size? When was the last time you met the client? What was the I saw Jeffrey this summer. We met to touch base in general. reason for the meeting? Describe any significant changes in the client's information We are exiting the Epstein relationship. Of material events that may have occurred over the last year (Examples: address changes, change in authorized persons on accounts, change in account type, change in business. change in net worth. etc.). Cash Activity: Summarize client cash activity during the Cash activity minimal. exiting relationship. period reviewed and explain the purpose y use of the funds: Wire Activity: Summarize client wire activity during the Wres only going out to Deutsche Bank. where Jeffrey is moving period reviewed and explain the purpose f use of the funds, his relationship. Including any International/cross border wires: Confidential Treatment Requested by JPM-SDNY-00002833 JPMorgan Chase CONFIDENTIAL SDNY_GM_00272031 EFTA01480628