How did you extract the 10k rows you have captured from DB?
Thanks, I have that one in the queue to enter. The thing that interests me about Gratitude is 1) the Leon Black connection (that’s the only fresh money that ever entered the account, and it was a fee framed as a donation. The whole Leon Black thing is so obviously tax fraud in so many ways). I think with the First Bank distributions they maybe gave out $2 million to charities in the next 4 years, and most of the charities are pretty janky. Also he was giving a lot of money to ballet and tennis groups, which ties into the trafficking recruitment.
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I made a reddit post about it here that has broad details. https://www.reddit.com/r/Epstein/comments/1runxjj/transaction_log_from_1400_statements_in_the_doj/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
I started out using ChatGPT thinking, which was really good when it worked but it kept stalling out on file uploads. Gemini Thinking could handle the file uploads but it was not nearly as accurate. Here was the prompt I ended up using:
“I’m analyzing account statements for the Epstein organization. Here are the instructions for every file in this project: Fields should be Epstein_Entity, transaction date, C_or_D, Amount_USD, Transaction_Type (ACH, POS purchase, ATM withdrawal, internal transfer, wire, check, ACH, withdrawal) Counterparty_Details, EFTA_Document_Number. You need to extract the Epstein entity doing the transaction, transaction date in mm/dd/yyyy format, whether it was a credit or debit (indicate C or D), the amount (positive for credits, negative for debits), the transaction type (ACH, wire, transfer, check, etc.), the counterparty with as much information as possible (account numbers, names, anything indicated), and the EFTA number that the transaction appeared in. Output in a CSV window and include all information requested, even on accounts with no activity. If there’s no activity, use the statement start date for transaction date, indicate N/A for C/D, 0 for transaction amount, no activity for transaction type, and none for counterparty. If any information is masked or redacted, indicate it in the appropriate spot with “(redacted)” and include as much information as possible. The EFTA numbers appear in the file names, in the documents themselves there are often multiple EFTAs or tracking numbers present so it’s best to use the EFTA in the file names. Fields should be Epstein_Entity, transaction date, C_or_D, Amount_USD, Transaction_Type, Counterparty_Details, EFTA_Document_Number. Do not put any citations in the body of the table, if you need to cite something display the CSV table, and then outside of the CSV table you’re outputting explain any citations in the chat window. Remove punctuation from business names, payee information, etc. as it affects table formatting. Reconcile debits and credits in the transaction section of each statement against the starting and ending balances. I’m working in batches, please only output transactions for the files uploaded on the most recent turn. Don’t add to your previous work. I can’t double check you as easily if you keep aggregating everything. If I need you to revise, I’ll tell you. Give a description in the chat – not on the table – of the 3 largest transactions in each statement file. Remember, it’s important: output as a CSV, remove punctuation from the table, do not include citations in the table. If you need any clarifications ask now, I’ll upload the files on the next turn if you’re ready.”
I tried to have it extract the account (“Elite Business Checking”) or whatever so I could keep the account numbers straight but it couldn’t consistently do it, which is why I just have entities instead of accounts. Similarly, it couldn’t consistently identify redactions and would usually just leave blanks so I lived with it (GPT did both those things even without being prompted for it).
Important things I learned: I gave it one month per chat. It could handle probably 1-1/2-2, but it’s easier to just start a new chat than have to double check things while it’s going wrong. It was real good about reconciling the opening and closing balances, but if it had seen the same account for different months in the same chat instance it was much more likely to start hallucinating transactions to get the balances to reconcile.
It was probably optimal making sure it wasn’t looking at more than 8-10 pages in a turn. Epstein’s statements were usually 7-9 so I’d do his first by itself and then fill out. For the accounts I cared more about I’d leave the statement open and try to verify while it was generating the CSV, otherwise if it was an account that had a lot of transactions I’d spot check a few. When it was hallucinating at some point it would have 1 transaction a day through the end of the month, like it got to July 24th and realized it needed to make the numbers work.
If it hallucinates just kill the chat and start a new one, don’t try to correct it. It’ll maybe pay attention the first turn but then subsequently whatever delusion it has is going to keep coming up. If you’re not happy with the first turn, just kill the chat and start a new one. Correcting it just complicates things and makes everything take longer on subsequent turns. So even if it was giving me good data but forgot to put it in a CSV it was better to just kill it and start over again.
I still had to clean up a lot by hand.
Looks like you ran into a lot of the same challenges I did, but I was so frustrated, I started extracting manually. I’ve completely reviewed a couple hundred documents and manually extracted summaries, individual transactions, bank account numbers, owners, representatives, KYC data, opening and closing dates, etc…but this is such a slow process…
I’ll try your prompt (with a few edits for column names to align with my existing data) on some of the documents I’ve got in my queue to review and see if it helps. Thank you so much!
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Sorry for going quiet on this thread, been heads down on some other parts of the site. But you all have been putting in serious work here.
@TokyoSexWhale those 1390 Deutsche Bank statements compiled into sheets is really impressive. On our end we have about 22,959 Deutsche Bank related documents indexed in the database, so your structured data is going to be really valuable for cross-referencing against what we already have. And that FirstBank account breakdown in your latest post is huge. We’ve got a lot of those entities already in our forensic finance system (Lafayette Contractors, LCP, LSJE, Financial Trust Company, Southern Trust, Freedom Air, Nautilus, Gratitude America, etc.) but seeing them mapped to specific bank accounts with account numbers adds a whole new layer we didn’t have before.
The Jeannie Breanon observation is a big one. We’ve got her in the database as Jeanne Brennan, likely just an OCR thing with the name. Here’s what’s interesting though. Our docs show she was listed as “LSJ/STC Controller” on an internal Epstein org chart (EFTA01683007), and she had signatory authority on accounts at Deutsche Bank alongside Epstein, Darren Indyke, and Harry Beller. She was a licensed CPA in the USVI and pulled in over $1.3M in compensation from Epstein entities between 2000 and 2009. Epstein even paid tuition for her kids at Wake Forest and Elon University. So yeah, definitely not a shipping clerk. That’s a real finding worth digging into more.
Lafayette Contractors is one that hasn’t gotten much media attention at all. Our financial flows data shows over $1.1M in tracked wire transfers going to them, with individual payments ranging from $1K up to $934K. The big one was a $934,522 wire on March 31, 2008 (EFTA01527065). Almost certainly island construction related but the scale and the 12+ year span of payments is worth looking at more closely.
@RaveKittie the JPM breakdown with 49K+ pages is wild. We have the cover document (EFTA00090639) indexed and the TD Bank docs too (EFTA01595977 and EFTA01596180). Your point about Jennifer Kalin replacing the redacted name linked with Shuliak tracks with what we have. She’s in our database with 10 flight manifests from 2006-2007 and the sham marriage connection to Shuliak is documented. Her sister Jackie Kalin also shows up, she received $5K cash and got a nursing internship through the Dubins.
@bewitchedfen good catch on the Gratitude America / Chopra check. That document (EFTA01348681) has gotten some press already from CNN back in February, but having it tied directly to the EFTA number is useful for anyone following along. The Gratitude America connection goes deeper than just that $50K check though. We’re tracking about $23M total flowing through various Gratitude America accounts across Citibank, Morgan Stanley, First Bank PR, and others. It was basically his main philanthropy vehicle after the 2008 conviction. And some of those claimed donations are sketchy. NBC found that 10 of 24 organizations listed as recipients in Gratitude America’s tax filings said they never got the money.
For anyone who hasn’t checked it out yet, we have a whole forensic finance section at epsteinexposed.com/money that covers a lot of this. It’s tracking $6.4B in traced funds across 699 entities and 2,390 financial flows right now. There’s a wire ledger, shell company hierarchy, path finder between entities, Benford’s Law analysis for spotting anomalies, and more. A lot of the entities you’re all digging into are already mapped out there.
@TokyoSexWhale if you want help with data maintenance on the Deutsche Bank sheets, happy to look at integrating your work into our data pipeline. Same goes for the FirstBank account data. If you can share access to the sheets I can cross-reference against what we have and figure out what’s new. The more structured this all gets the more useful it is for everyone.
Keep it going, really good work in here.
Thanks Eric. If I’m honest, I’ve tried to navigate a few of the money pages, but it’s making it difficult to see the big picture. Say I go to the Banks tab, it says JPMorgan 5 transactions, 8 entities, 46.2% of total. That’s incredibly confusing because in ~568 transactions I’ve manually mapped for JPM alone (like 3-4 accounts), I have outgoing of 73M and incoming of 82M for a net positive of 8.74M. How can myself and @TokyoSexWhale (sorry to speak for you if you’re not interested), work with your data rather than working outside of it? I want to deepen your work and transaction mappings, but I’m struggling…
I hope you know I think the work you’ve done is incredible already, but I’m struggling to build on it because we can’t access or alter it directly.
Any advice?
Edit: fixed typo
Also, what does it mean when you say the documents are indexed? I go look at those documents on the site and can’t see anything special about them. Does indexing in this case mean you’ve extracted something or you have it flagged as a financial document? Want to make sure I’m picking up what you’re putting down.
Let me spend some more time making sure what I’ve got is good data and I’m sort of complete. I’m aiming to update what I have daily. I’m still finding errors as I go through what I’ve got. Nothing major so far, but when you see one roach…
To my mind the most valuable thing if there are a lot of people working on similar things would be someone taking on a manager/administrator role and assigning tasks but that’s not the fun stuff and nobody wants to take orders for free either. OTOH I think I’ve got probably 120 hours of work on stuff I already have that I’d like to do just in data entry, and that’d probably generate another 120 hours as I find more stuff. And I just started doing the data entry because I thought it’d give me a base to do the fun stuff, but then today I discover there’s like 1200 pages of FirstBank statements to go through. I’m drowning.
No offense taken. I’d rather build a firm base first and then build from there. Getting everybody on the same page in data formats and some way sharing and trusting other people’s data would be the key thing to work productively together but that’s probably a high standard.
ETA: It’s a long time ago but I worked backshop in a bank and you said earlier you were in AML. I just processed a couple hundred checks and marked a bunch of them as UTL. You probably know what I meant. Based on patterns and my knowledge that finding documentation for a check written to cash is often a huge PITA I’m 100% sure they were checks written to cash. But if you’ve got a helpful, eager volunteer who’s never worked in banking are they even going to get the gist? There’s a transfer off a check written to cash/fx official check purchase in EFTA01291936 and EFTA01347327 with a CTR attached and I think cash out and I can’t grok it and I’ve probably got a better base than most people would.
I feel you on the drowning bit. I have lists and lists of documents to go through manually and nothing to compare to see if it’s already been extracted by someone else. There’s data all over the place. Let’s start a DM and strategize. I’ll include Eric in case he has ideas.
I think I’ve got the DB stuff about as complete as I can get it. All the checks and payees are in, and I think I’ve I don’t want to make this copy publicly accessible if you’re going to work on but here’s the link https://docs.google.com/spreadsheets/d/1ggNJ3-grAHTywTOIRJNklHvhLJsLdYLHipuar5VKXtI/edit?usp=sharing
I think you need to send me a request for access?
At some point doing god knows what I messed up the EFTA pointers for the check images on the Zorro Development checks. I have no idea when it happened. I think I rebuilt it but there’s probably some bad pointers in there somewhere.
I don’t know if anybody’s interested, but I need help. I’m working on finishing the transaction logs for FirstBank. Unless somebody finds statements from another bank I (TD, Wells Fargo, and First Republic definitely had accounts but I’m pretty sure the bulk of the money was flowing through First Bank/DB until he died. I’ve got Deutsche Bank done, based on dates I think RaveKittie has enough of JPM done that I should be able tie off transactions against DB or FirstBank to net out any interbank transfers. Then you’ve got a pretty closed loop on the bank side.
My problem is LSJE, EFTA01670642. It is 1160 pages long and has 3843 checks in it. I bulk categorized a bunch of them and got it down to about 2100 to review. The check images suck. My initial intention was to just punt on most of the little stuff but while I was looking at something else I found 11 checks totaling $34K for “petty cash” in September and October of 2016 alone. I think this account is a major channel for extracting cash – if that number is consistent (and I’ve run across enough oddballs in other places I think it probably is) that’s $200K a year coming out in cash, plus $200K a year I can document in DB. That’s out of stuff I can see, there’s probably more I can’t.
I really need help just having people eyeball checks and look for “petty cash” in the memo and make a note of it somewhere. Depending on if anybody or how many people want to be involved we can break it up so we’re not stepping on each others’ toes.
Public copy of the spreadsheet is here epstein transaction log public - Google Sheets However we’d be working on it we can definitely cut out a lot of the data sections to simplify things.
As an aside a bunch of the inner circle – Jermaine Ruan, Jeanne Brennan, Ann Rodriguez (I thought Rodriquez but it’s with a g on the checks), Jeffrey himself, Una Pascal, Daphne Wallace, and Cecile de Jongh all got paid out of the FirstBank Southern Trust account and there are a couple months when they must have been having trouble with ADP or something because they got paper checks so you can see how much they were bringing home.
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Her name is definitely RodriQuez. She clarifies it in an email for a flight booking here: EFTA02226847
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They should not be cashing checks if the name’s wrong! The bank is up to NO GOOD.
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Just cross-posting this thread here, as it contains a document detailing money transfers from Epstein to various recipients, including Leon Black. Go have a look, all extra pairs of eyes are appreciated! JE: “Important papers you asked me to hold onto when you were away”
I’m happy to help. I reviewed EFTA01270053 through the review queue. I keep notes on the docs I review. I took notes of this doc and would be happy to fill in the information. Should I just put it in the notes section in the FB tabs?
I can also start looking at the check images for EFTA01670642. I’ll start at the last page and work forward. I can’t guarantee I won’t find something else to look into……
- Is there a way to access referenced attachments?
- EFTA01747993
- Someone is submitting petty cash receipts (IMG_9559.JPG)
- Bella replies with an excel doc “Attached is your petty cash report in excel form with attached receipts that you submitted.“
- EFTA01450667
- DB JEE_WT_Larry Visoski Petty Cash_12.20.2013.pdf (Deutsche Bank - Jeffrey Epstein - Wire Transfer - Larry Visoski)
- DB JEE_WT_Ion Nicola_12-20- 2013.pdf
- Wire - JEE to LSJ Employees Operating 12.20-2013.pdf
- DB_Jeepers_WT_JEE_OB_12.20.2013.pdf
- DB Wire - Poolside Services 12-20-2013.pdf
- EFTA01747993
I think I’ve got a handle on reviewing the checks, it’s just a bit of a slog. I think I picked up on the cash use right when it started accelerating (they were at about $15K a month and ramped up to about $25K) and then around July 2018 they start writing a lot more checks and using less cash. They mentioned in Indyke’s congressional deposition that he cashed 93 checks for $7500 each and asked him why, he said it was for petty cash. That activity stopped after October 2017 and they started doing a bunch of withdrawals at ATMs instead, but you can’t get as much that way. I’m guessing they changed practices because somebody within DB told them to knock it off because AML kept bugging them.
Anyway I think this is also interesting: EFTA02635027 VI Department of Labor investigation. LSJE would generate invoices for all of their contractors (which – like I know big companies will do that for vendors but it seems weird to be doing it for dozens of contractors you’re paying $100 a day to). EFTA02473898 is Ann Rodriquez asking for petty cash to pay contractors.
So if you’re generating invoices for “contractors” and then paying them in cash that could be just bookkeeping/labor sloppiness but it could also be a way to paper over large cash withdrawals.
I didn’t keep track of all the loans to employees for the most part and kind of wish I had. They do them a lot, usually between $1K-$5K, but it doesn’t seem like there’s any deposits that would look like a loan payoff. Mostly have to go by amounts there, I can’t see any DB deposits (like I can see they happened, just don’t have deposit tickets or check images) and FB is spotty. Could just be forgiving the loan, could be getting paid back through another channel. But if you took your loan payoffs in cash that’d be another way to convert stuff to cash with no paper trail and it doesn’t really look suspicious from the outside.
That’s speculative though, might be barking up the wrong tree.
I’m almost positive attachments weren’t included in the DOJ releases. I’ve seen a few that I really would’ve like to look at.
E: EFTA01345810, EFTA01346077 emails from early 2018 as they struggle to figure out how to max their ATM withdrawals
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Final public version is here: epstein transaction log public - Google Sheets
Gotta think about some stuff. I threw in a couple pivot tables to get a broad sense of things.
I’ve got data for FirstBank to 2012 and DB from the end of 2013 but when Chase was closing their accounts there was a flurry of money shuffling through different banks to conceal the source. Same thing happened when DB closed their accounts in 2019, money starts flying every which way, FB must have opened a bunch of new accounts (there are wires going from DB to FB for names I have, but they’re not hitting the accounts I have). Anyway 2014-2019 is safest.
The only “Tree” trust I have for FB is Laurel. I found a few single statements for Poplar and Cypress with no activity.
There are different ways of slicing it up but setting aside transfers from investments etc. total money in is about $224 million. $160 million is Leon Black/Rothschilds ($18.5 million from Black hit in 2013), $30 million came from Haze trust, about $3 million from partnership payouts from David Mitchell properties (flow through FT Real Estate), $1.5 million interest, and the other $30 million is mostly stuff I can’t see – deposits at DB and wires into FB.
Total cash extraction without speculating on other schemes is about $300,000 a year until late 2017/early 2018 when it gets pulled back. That seems small beans but cash is clean money.
Payroll is about $3.5 million a year, costs about $3 million a year for maintenance and projects at the properties, about $1 million a year in insurance (if I’m ever FBI director I want the records from all his insurance agents because that’s probably the cleanest view of stuff he controlled).
Darren Indyke said they needed so much cash because Epstein didn’t have access to credit cards after he was arrested but they spend about $5.5 million a year on credit cards, going up to $8 million in 2018 when they have less access to cash (another reason I think there was probably more cash getting out than I’m capturing).
He sends out money to Larry Delson and David Mitchell that from spot checking emails look like loans but they for the most part don’t get paid back in any channel I can see. I don’t understand what Larry Delson does. I called all this stuff “finance operations” and it’s about a $1.5 million annual drag.
I realize the guy had some legal issues but $36 million to lawyers and accountants between 2015 and 2019 seems like too much to be all legal fees. I’d suspect a lot of that was stuff getting squirreled away in trust accounts to separate it from the estate.
E: This kind of ties into the deposits to Southern Country from Epstein’s estate in December 2019. There was news coverage of it in 2020 but no follow-up that I can see. The Mystery of $15.5 Million In and Out of Epstein’s USVI Bank | The St Kitts Nevis Observer
If we ever have a functioning FBI the statute of limitations on the RICO/ML investigation can get pushed up to whenever the estate gets wound down.
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Wow! All of this stuff is well beyond by pay grade. I just wanted to say: excellent work, everyone!
I’m in over my head too. Still trying to organize my thoughts by writing everything down. I’d welcome comment, critique, or if anything seems familiar speak up if anybody’s really reading here.
Jeffrey Epstein died tragically by suicide in August 2019. Statutes of limitations for RICO and money laundering have either already passed or will soon in the absence of an ongoing conspiracy. The aim of the DoJ/FBI is to suppress information for a couple more months. Then they can comply with the law and release the rest of the files and the only people who can be charged with anything are the ones that are actually on tape raping children. And I’m sure anyone important has already been scrubbed.
This was reported on in 2020 but I can’t see any follow-up:
The Estate of Jeffrey Epstein paid $15.5 million to a bank he founded in 2014 that didn’t appear to do anything. Apparently $2.6 million was returned but the rest disappeared. I think the date of the last overt act of conspiracy or concealment can probably be brought forward quite until they’re finished with the disposition of the estate.
Late 2018 through 2019 turns into a monetary Chinese fire drill as they become aware they’re being more heavily surveilled, with wires to Indyke/Kahn shells at other banks, bunches of different lawyers, new accounts opened at FirstBank I can’t see, what looks like $4 million in overpayments to Amex that gets returned to a different account a couple billing cycles later, and so on. So I’ll focus on October 2013 through the end of 2018.
There are a lot of ways to slice things up but I think this is representative. Total new money in is $274 million. Of that, $191 million is advisory fees from Leon Black or Ariane de Rothschild. $31 million is related to art transactions that flowed through the Haze Trust. $28 million comes in from lawyers and accountants – probably funds that were put into trusts to keep them at apparent arm’s length. That almost all hits in 2015. The biggest chunk is from Kellerhals, his Virgin Islands accountant. $13 million I don’t know – there’s no counterparty information on FirstBank’s statements so wires that come in are just wires unless I can match them to one from Deutsche Bank, and I can’t see any information on deposits at DB and only some at FB. About $2 million comes in from what I take to be repayment of loans, $1.4 million in interest income, about $3.3 million from what looks like sale or refinancing of aircraft, and about $1 million from partnership distributions from David Mitchell properties.
So over 5 years there were about $55 million per year in new money, and $38 million of that was from Black and Rothschild ($33 million from Black alone). Notably, in 2016, when no advisory money came in, total inflows were only $3.5 million. That’s against annual expenditures of about $47 million. Nothing new, but it again points to the fact that Black was basically supporting the operation by himself.
Breaking down that $47 million in annual expenditures:
Accountants and lawyers: $11 million a year. Keep in mind that’s not necessarily legal fees – some could be held in trust.
Credit and debit card transactions: $6 million a year. This is mostly credit cards and could be anything; all you can see from the statements is that they paid a credit card. I don’t know who all had cards (Brice Gordon and Epstein are the only ones I know for sure) but I think it’s probably a decent proxy for everyday expenses.
Finance Operations: $6 million a year. this is what I believe were loans, either to employees (written as a memo on the check) or to various people, chiefly David Mitchell and Larry Delson. There may have been some other channel that these were being paid back through but it’s notable that there’s a lot more money leaving this way than coming back in.
(there’s emails about a promissory for Delson EFTA02501065 is a good one. He’s charging them $25K a month for accounting it seems, maybe they give him a loan and when he invoices them they just reduce the balance on the loan? You do that enough with enough people and you can keep your money in other peoples’ accounts. Way out of my depth).
Aircraft finance: $4 million a year. Might be inflated because it looks like they bought an aircraft in 2017.
Payroll: $3.5 million. This includes people mostly at Zorro and Little St. James who were permatemps classed as contractors.
Taxes: About $3.1 million a year.
Property operations and management: $3 million year. This includes building improvements as well as electricity, cable bills, the boats at LSJ.
Aircraft operations: $1.8 million a year.
Extra payments to the inner circle: $1.2 million a year. Outside of payroll. Took different forms for different people. Some of it could be shadowy ways to extract cash that just appear to be gifts. Ann Rodriquez (GM of LSJ) got a $3000 bonus check each month; Bella Klein got hundreds of thousands wired to her personal account sometimes; Richard Khan and Darren Indyke were thoroughly integrated into the organization so they might have just been holding money, but they appeared to get a payout of $475K each related to the aircraft transaction in 2017, and $4.75M in 5 wires to Indyke’s shell company Harlequin Dane (he sent back about $250K); Larry Visoski got wires totaling $825K from various accounts; Harry Beller and his family members received 43 checks totaling $402K from Southern Trust, Epstein’s personal account, and FT Real Estate, etc.
Charity: $650K a year. Some of the organizations he donated to returned at least some of the donations (Shoutout to the NY Junior Tennis League which did it fast and I think is the only one who did it without being called out in the press).
Cash: About $300K a year. This requires a deeper dive but I’m highlighting it because Darren Indyke testified before Congress that he was cashing checks because Epstein didn’t have access to credit cards and he was refilling petty cash for 5 properties. They were spending $6 million a year on credit cards and each property had its own petty cash account, with over $400K total withdrawn by employees at those locations.
There’s about another $4.5M a year where I couldn’t determine the purpose or was paid for with a check I don’t have an image of, and $1.1M I just called “miscellaneous” because it didn’t fit into any of the main buckets.
I defined the organizations like this: Aircraft are the planes and helicopters. The Epstein organization kept them in their own buckets so I did the same. It doesn’t seem like they did the same with boats, which are mostly paid for by Little St James. The cash flow here is positive because Leon Black paid $30 million in advisory fees to one of Jeffrey Epstein’s airplanes.
The second group is Charities – Gratitude America and Enhanced Education, his charitable organizations. They gave to a number of organizations, both legit and more questionable, and took in some donations. Enhanced Education was also used to pay a publicist, this guy: EFTA01947908, who did SEO and discusses getting puff pieces into HuffPost, Vanity Fair, and National Geographic, Business Insider, and Forbes. Huffpost definitely ran a few of them, not sure about the others. This was also the account used to pay for a Thorbjørn Jagland’s hotel room at the Ritz Carlton in St. Thomas.
JEE DI HBRK, is for Epstein’s personal accounts, and the accounts of Darren Indyke’s law firm and HBRK, Richard Kahn and Harry Beller’s accounting firm. Most of the financial action is in Epstein’s account but they interact in similar ways and all of them are signers on Epstein’s account. Generally, about $2 million per month was transferred to Epstein’s personal account from the DB Jeepers portfolio account (not a bank account; a bank account was opened for Jeepers but never used) and primarily used to pay credit cards, lawyers, and make cash withdrawals, and resupply other entities.
Trusts and Financials are the non-charity trusts and financial accounts. Importantly, I only have statements for FT Real Estate and the Laurel trust among the real estate accounts. I can find a few individual statements at FirstBank for some of the other “Tree” trusts – Poplar and Cypress – but only a few and they have no activity. They could be a significant source of funds or might not. If they are they seem to be kept pretty separate from the other financial channels.
The rest are the various property locations and accounts associated with those locations. I grouped Florida and the Virgin Islands together because they seem to cross over each other a lot.
Cash flows and funding
Bank Flows
Funds primarily flowed into Deutsche Bank until those accounts were in the process of closing. $266 million of the new money flows hit DB first; only ~$8 million came into First Bank that I can’t identify as coming from DB. Flows were also mostly one way – about $53 million went from Deutsch Bank to Epstein accounts at First Bank with only about $4 million flowing the other way, with about $3 million of that being 2 transactions from FT Real Estate.
Liquidity and Funding
Across all accounts there was normally between $60M and $90 million cash available, vs approximate monthly expenses of $4 million. Most of that was held in the Southern Trust Company account, which was used to manage cash for all of the operating accounts aside from Epstein’s personal account, although Epstein would still transfer money to them as well. Through the end of 2016 Epstein’s account was funded with transfers from the portfolio account for Jeepers for $2-3 million at the start of the month. In 2016 several of the financials opened portfolio management accounts and most of the cash management was done through Southern Trust.
Organization
Despite the number of different entities, accounts, trusts, HBRK’s accounting firm and Indyke’s law office it’s pretty clear they all functioned as one organism. In EFTA00869186 Larry Delson asks Richard Khan who he should invoice for accounting services in September. Khan asks Epstein: “please advise STC HBRK or FTRE.” Epstein says STC. In EFTA01018558 they’re attempting to make a donation to the Democratic Congressional Campaign Committee. I’m not sure if the donation ever got made, but Khan asks: “i can make payment online with credit card please advise whom you would like to send money: STC, FT Real Estate, JEE, DKI or RK or HBRK or DKI PLLC thank you.” They issued a check from STC but the DCCC wouldn’t accept corporate checks and returned it. I’m not sure if the credit card payment was in addition to that check or not. Regardless the fact that Epstein could instruct Khan to make a political donation through Indyke’s law office (without any apparent consultation with Indyke) or HBRK, or instruct Khan to direct invoices to HBRK vs an Epstein entity, are I think a strong indication that they weren’t really independent offices, they were fully under the Epstein umbrella. Epstein was the Don, Khan and Indyke were the underbosses.
Property Management
There’s nothing in here I can tie directly to the Paris apartment (aside from purchases of Euros for the “Paris safe”, a somewhat substantial portion of the cash withdrawals). The property accounts were
New York
NES is the property account. JSC Interiors and Karyna Shuliak’s personal accounts I included in the New York group. Total expenses for the New York property were about $1.8 million a year. That includes several car purchases by NES; I’m not sure if the cars were held within the trust or somewhere else. Around $600K a year was spent on property maintenance and improvements, and payroll was about $700K a year. Around $250K a year was spent on insurance off the account, but the entities were all very porous and insurance premiums seem to be paid with whatever checkbook Indyke picked up first. The primary insurance agent for all entities was the Insurance Office of Central Ohio in New Albany, so as long as he had the policy number right I guess he let them figure it out.
Zorro
Brice and Karen Gordon ran Zorro through Lee McKenzie Consulting. They also floated between Little St. James and Zorro and Lee McKenzie was paid through LSJ. I’m not sure if they also received payroll through Zorro. Total spend at Zorro averaged only about $600K a year, but there’s another Zorro account at Wells Fargo, so there might be significant spend there. There’s a total of $2 million in wires from Epstein’s personal account at DB to a Zorro account at WF, plus about $900K in wires to WF where the beneficiary was redacted. The wires from Epstein to WF Zorro stop at the end of 2016 and in 2017-2018 the average spend from the DB accounts is $1.1 million, so that might be more representative. Payroll in 2017-2018 was about $250K, about $300K spent on credit cards, and about $400K spent on construction projects and maintenance. Insurance was only about $75K a year which seems low for a 7500 acre ranch.
Florida & VI
The Florida account is Neptune LLC. It’s the least significant of the property accounts ($3.4 million total spend all time; payroll’s only about $12K a month so doesn’t seem like that many people are working there) and seems to cross-pollenate with the Virgin Islands accounts somewhat frequently so I rolled them together, but it’s mostly the VI. Average spend is about $4 million a year, with 2014 very low at about $1 million and 2018 very high at $8.2 million. This is the most interesting property account for a lot of reasons.
Most of the accounts for the VI are at FirstBank. FirstBank statements have less information on them than Deutsche Bank statements – FB doesn’t tell you any counterparty information on any wires and very seldom on ACHes. Also, the check images suck and a lot more payments were done by check. Because of the volume of checks I had to disposition some of them as just being “under threshold” and calling them miscellaneous, and a lot I just couldn’t read. Between the two that’s $500K per year. Insurance was $140K a year, $50K a year went to educational institutions. $1.4 million was spent on property maintenance and improvements, which also includes work done on I think two boats. Taxes were $240K a year.
Rabbit hole diversion:
One big project was a radio tower and network installation. The tower was held in an LLC, VT&T. The check to pay the franchise tax to the VI for the registration is on EFTA01270494 p. 80 (this is the value of reading all the checks so when I started skipping them I probably let good stuff get away). EFTA01063243 looks like Jermaine Ruan identifying himself as a VT&T tech, but he was on the Southern Trust payroll. It looks like he was a driver and also did electronics installations. The dossier on him is pretty thin:
“Jermaine Ruan appears in DOJ-released Epstein files as a recipient of wire transfers from Ghislaine Maxwell’s JP Morgan Chase account. Bank statements show multiple transfers to Ruan including payments of 7,000 and ,000 from Maxwell’s personal checking account. The nature of these payments has not been publicly explained. Ruan appears in approximately 4,821 DOJ documents.”
The outside contractor (or the lead contractor anyway) looks to be Terrence Rabsatt and he did other work on the island. I saw the news articles a few weeks ago about his murder in 2020 but another one came out last week:
Most of the people who worked at Little St John’s were “contractors” who got paid a day rate and were paid with cash or check. They got into trouble with the VI Department of Labor because of it: EFTA02635027.
This is tying into a lot of the things that seem unusual here.
The office would generate invoices for the contractors then issue them a check or pay them in cash. There are numbers of emails of Ann Rodriquez requesting additional petty cash to pay contractors. In 2016 they pulled out $172K in petty cash (2018 was $50K, the other years were about $20K). That might be legitimate and just sloppy bookkeeping and not-great employment practices.
But given the other stuff about cash use a suspicious person could imagine a scheme where invoices are generated for fake employees to justify cash withdrawals. Additionally, I didn’t start paying attention to this until very late in the game, so I didn’t make note of how often it was happening. Epstein gives loans of $1K-$5K to employees pretty frequently. That might be legit too. But there’s never any deposits that look like they’re loan paybacks. Again, I don’t know that there’s something sinister, but if converting financial money to cash is a goal it’d be plausible and not look that suspicious to give loans for a couple thousand dollars and have them paid back at the office in cash.
Incidentally they ran their $600 million blackmail and money laundering empire on Quickbooks.