EFTA01480534.pdf

Provide detailed and specific information. Jeffrey Epstein is a private investor. Jeff Epstein was a money manager - made his wealth managing the money of weakhy individuals. Epstein began his financial career in 1976 as an options trader at Bear Steams. He specialized in mathematical models such as the Black-Scholes option-pricing model and later worked in the special products division, advising high not worth clients on tax strategies. In 1980. Epstein became a partner at Bear Steams. In 1982. Epstein founded his own financial management firm. J. Epstein 8 Co.. managing the assets c4 clients with more than a billion in net worth. In 1982. Leslie VVexner, founder and chaimian of the Columbus, Ohio-based tinkled chain of women'sclothing stores became a well-known client. In 1996, Epstein changed the name of his firm to The Financial Trust Company and based it in the US Virgin Islands. In 2003. Epstein publicly bidded for New York Magazine, along with advertising executive. Donny Deutsch. investor Nelson Peitz. publishing mogul and owner at The Daily News, Mortimer Zuckerman and film producer Harvey Weinstein. They were ultimately out bid by longtime wall street investor Bruce Wasserstein for SSS million. In 2004, Epstein and Mortimer Zuckerman, committed to finance up to 525 million to back Radar. a celebrity and pop culture magazine and Macir Roshan, its editor in chief and founder. Epstein and Zuckerman were equal partners in the venture, and Mr. Roshan retained a small ownership stake. Which countryges)is(are) the Client's primary Source of UNITED STATES Wealth or Income derived? Is this an Operating Company? No Total Net Worth S 300000000.00 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 investment vehicles (often No partnerships) that primanly 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? (Cash-Intensive 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? aa. None of the abo•..- Is the Entity a Personal Holding Company (PHC) or Personal No Investment Company (PIC) located in an offshore junsdiction? Business Case Please specify why you are comfortable with this client given Long term client of the PB. well known to senior management and the identified risk factor(s). Your answer is your - business relationship monitored closely with regular reviews. No material case and should detail all mitigating factors, events or developments over past twain months. Provide client history/detail, including when the relationship Jeffrey Epstein has been a client of the PB for over 10 years. was established, how It came to be in PEUPWM, client's Jeffrey's felony offense is well documented and he completed his association with other JPM LOBS, etc. sentence and probation two yers ago. No material developmentsor issues with dent relationship over past iwelve months Client known to whom (JPMorgan employees), how well, and Integrated team. sr. management. Well developed dialogue with how long: client Overall PB/PWM relationship size and type of accounts: Jeffrey maintains a brokerage relationship across entities >5100 million and also maintain checking accounts for personal and business purposes. Is this a shared client, what other LOB has a relationship with No, as of now Jeffrey works with the Private Bank. 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 Met with him a month ago and seeing him this week reason for the meeting? Describe any significant changes In the client's information He is a US citizen but is now officially a Virgin Islands resident. or 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 Nothing unusual -- income comes from loos he collects from period reviewed and explain the purpose / use of the funds: clients. Wire Activity: Summarize client wire activity during the Nothing unusual. period reviewed and explain the purpose / use of the funds, including any international/cross border wires: Before answering the following question please review the Yes Annual Account History Activity Summary Report that has been attached In the Summary tab. Did the actual transaction activity appear reasonable, normal, and expected for the type of business or industry in welch the client engages? Was the nature, value, and volume of actual transaction Yes activity consistent with expected transaction activity? Was any unusual or potentially suspicious transaction No activity detected? Additional Comments N/A Confidential Treatment Requested by JPM-SDNY-00002720 JPMorgan Chase CONFIDENTIAL SDNY_GM_00271918 EFTA01480534