EFTA01480535.pdf

Expected Activity Deposit Account(s) Transaction Types Expected Activity Levels Anticipated Dollar Amount Totals per Month Cash Deposits Cash Withdrawals Low (1.10) 510.000 TO S50.0O3 Check Deposits Checks Paid Low (I-10) 510.000 TO 550.000 Incoming Wires (Domestic) Outgoing Wires (Domestic) Incoming Wires (International) Outgoing Wires (International) ACH Deposits ACH Payments Internal Transfer (Debits/Credits) Low (1-10) 550,031 TO 5100.000 Asset PurchasesSales What is the initial/ongoing source of fund ng for the client's Deposit Account(s)? Ongoing funding core:. hem /dr Epstein's personal accounts. The money in that account conies from his fees for managings clients per-sonar funds. What is the purpose4ntended use of account(s)? Please provide a detailed description of how the Deposit Accounts) will be used by the client. Managing payments for operational expenses of personal aircraft (operational and maintenance). Please note that it is not unusual for the cient to withdraw $20K to $401C in cash to pay for fuel expenses when he travels to foreign countries. Review the activity for the period overall and explain how the client's transaction profile agrees with or doesn't agree with expectations for the client based on the client relationship (purpose of accounts. occupation. business activity, etc.): There was no material change to this account. Was expected activity for the client modified In the transaction activity section of the KYC ticket? No Additional Client Information Please Include any additional Information that would further explain your knowledge of the client (family treeMistory, public Information webeiles etc. This entity is 100% owned by Jeffrey Epstein. Jeffrey Epstein is an existing client of PS. In years past. Mr. Epstein was an active brokerage client particulany in foreign exchange. and as of this year he Ls a custody-only client. Formerly. Jeffrey Epstein was a money manager to high net worth individuals, most notably Leslie VVexner. Wexner was a JPM client and then retained Epstein in the late 90s. Mr. Wexner terminated his relationship with Epstein in 02/2008. Epstein is well known to several JPM PB employees and to Jes Staley. Mr. Epstein was convicted o a felony charge in 2008 and has served his prison sentence. Jos Staley conferred with Stephen Cu ter and the decision was made to keep Mr. Epstein as a PB client Staley and PB then decided that his PB relationship will be for ban ing and custody only. We no ion or provide brokerage execution • bathes for Mr. E•-., . in's accounts. Boar Stearns will hold the br era. relationshi. with Mr. E • sin. Comment History Stage Name Creation Date Entered By Comment Preview CFO Ayr .(.,..i 06.102.013 10 02 AM BONNIE K PERRY Duffy. as part ol continued due dogence, met with Jeffrey Epstein on April 24.2013 at his residence. The purpose of the meeting was to discuss his current business activities and his related account activity veth us. Mr. Epstein is a felon. His current work involves advising dents of substantial wealth on broad issues or specific goals/transactions. As an example he was recently involved wall advising Leon Black of Apollo during the purchase and financing of a prized work of ad at auction (S140M14) Mr. Epstein routinely advises clients and prospects of the private bank. Mr. Epstein agreed to another meeting to further discuss his business. His demeanor was transparent and open. Subsequent to the meeting Donna Dellosso inquired regarding our account activity with Mr. Epstein. She spoke with Phil Dii0li0. and will speak with Mary Erdoes. We will discuss Mr. Epstein and Risk Committee meeting in the near future. Confidential Treatment Requested by JPM-SDNY-00002721 JPMorgan Chase CONFIDENTIAL SDNY_GM_00271919 EFTA01480535