Appendix E
Financial Entities & Relationships
REPORT ON JEFFREY EPSTEIN AND RELATED MATTERS
Appendix E
FINANCIAL ENTITIES & RELATIONSHIPS
This appendix compiles corporate filings, financial records, and investigative summaries associated with Jeffrey Epstein and entities under his control. Information is drawn from publicly reported material, court filings, regulatory actions, and documented transaction reviews. Inclusion of any entity, institution, or financial relationship reflects its appearance in available records and does not, by itself, establish wrongdoing.
Available documentation indicates that Epstein operated through a network of trusts, corporations, and offshore structures across multiple jurisdictions, including the United States and the U.S. Virgin Islands. These entities were used to hold assets, manage properties and aircraft, administer foundations, and route transfers through domestic and international banks. Where complete records are not publicly available, institutions and financial pathways are identified at a structural level based on their presence in investigative or transactional materials.
I. Principal Corporate Entities and Financial Vehicles
Financial Trust Company
(J. Epstein & Co.)
1981 (relocated 1996)
New York → U.S. Virgin Islands
Principal operating company; originally created as J. Epstein & Co. in 1981; renamed and relocated in 1996; managed Epstein's personal wealth and client investments; reported net losses of $166 million between 2008-2012; funneled funds to other entities and offshore accounts.
Status: Dissolved (December 2019, as part of estate administration)
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Little St. Jeff LLC / L.S.J. LLC
June 1998
U.S. Virgin Islands
Holding entity for Little St. James Island; managed island-related expenses and revenues; linked to contractor payments and offshore transfers.
Status: Active (held by The 1953 Trust; property sold May 2023 for $60 million total with Great St. James Island)
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Liquid Funding Ltd.
October 2000
Bermuda
Structured finance vehicle co-owned with Bear Stearns; used for securitization; collapsed during 2007–2008 financial crisis with losses exceeding $300 million.
Status: Dissolved (2008)
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Jeffrey Epstein VI Foundation
2000
U.S. Virgin Islands
Science-focused foundation; grants used to cultivate influence in academia; irregularities in disbursement patterns noted. Total grants estimated at $30+ million over 18-year period.
Status: Dissolved (2019)
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Southern Trust Company Inc.
2011
U.S. Virgin Islands
Claimed scientific research activities; functioned as tax shield; alleged by U.S. Virgin Islands authorities to have improperly obtained over $73 million in tax benefits; transfers routed to other Epstein-controlled accounts. U.S. Virgin Islands authorities recovered $28 million in back taxes and penalties.
Status: Under regulatory scrutiny; civil penalties assessed (2023)
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Gratitude America Ltd.
2012
Florida / U.S. Virgin Islands
Nonprofit; claimed charitable donations disputed by recipients; filings indicate use for image rehabilitation and self-benefit following 2008 conviction.
Status: Dissolved (2020)
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Great St. James LLC / Great St. Jim LLC
October 2015
U.S. Virgin Islands
Holding company for Great St. James Island; property purchased for $18 million; improvements funded through Southern Trust. Both Great St. James and Little St. James Islands sold together May 2023 for $60 million total as part of estate liquidation.
Status: Active (held by The 1953 Trust; property disposed)
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The 1953 Trust
August 8, 2019
U.S. Virgin Islands
Family trust; holds the bulk of the $577 million estate; ownership of properties and investments; distributions opaque; created two days before Epstein's death. Estate executors: Darren Indyke and Richard Kahn. Litigation ongoing regarding estate claims and victim compensation.
Status: Active (estate administration ongoing; expected completion 2027-2028)
II. Complete Entity Listing
A. Trusts
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The 1953 Trust
U.S. Virgin Islands
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Butterfly Trust
U.S. Virgin Islands
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Lambeth Trust
U.S. Virgin Islands
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Zorro Trust
U.S. Virgin Islands
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CEP Trust
U.S. Virgin Islands
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ETrust
U.S. Virgin Islands
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B. LLCs
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1998
Little St. Jeff LLC
U.S. Virgin Islands
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1998
LSJ LLC (L.S.J. LLC)
U.S. Virgin Islands
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1998
NES LLC (Nine East 71st Street)
U.S. Virgin Islands
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2012
Plan D LLC
U.S. Virgin Islands
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2012
Plan D Aviation LLC
U.S. Virgin Islands
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2012
Plan D Management LLC
U.S. Virgin Islands
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2012
Hyperion Air LLC
U.S. Virgin Islands
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2015
Great St. James LLC / Great St. Jim LLC
U.S. Virgin Islands
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JEGE LLC
U.S. Virgin Islands
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ESDL LLC
U.S. Virgin Islands
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C. Corporations / Inc.
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1981 (relocated 1996)
Financial Trust Company
(previously J. Epstein & Co.)
New York → U.S. Virgin Islands
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1981
IAG Inc. (Intercontinental Assets Group)
New York
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1987
Towers Financial Corporation
Delaware / New York
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1990
Laurel Inc. (358 El Brillo Way, Palm Beach, Florida)
U.S. Virgin Islands
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1993
Cypress Inc. (Zorro Ranch)
U.S. Virgin Islands
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1998
Nine East 71st Street Corporation
New York
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2000
Liquid Funding Ltd.
Bermuda
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2000
Evergreen Group Inc.
U.S. Virgin Islands
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2000
FT Real Estate Inc.
U.S. Virgin Islands
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2000
GEI Inc.
U.S. Virgin Islands
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2008
HBRK Associates Inc.
U.S. Virgin Islands
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2011
Poplar Inc.
U.S. Virgin Islands
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2011
Maple Inc. (9 East 71st Street)
U.S. Virgin Islands
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2011
Nautilus Inc.
U.S. Virgin Islands
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2011
Southern Trust Company Inc.
U.S. Virgin Islands
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D. Foundations / Nonprofits
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2000
Jeffrey Epstein VI Foundation
(sometimes listed as J. Epstein Virgin Islands Foundation Inc., VII Foundation, Enhanced Education)
U.S. Virgin Islands
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2000
Health and Science Foundation Inc.
U.S. Virgin Islands
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2008
Florida Science Foundation Inc.
Florida
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2012
Gratitude America Ltd.
Florida / U.S. Virgin Islands
III. Banks and Financial Institutions
This section details the financial institutions that facilitated Jeffrey Epstein's transactions. Investigators reviewed account records, wire transfer logs, internal bank communications, suspicious activity reports (SARs), and foreign intelligence summaries.
A. Primary Banks
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▸ JPMorgan Chase
Jurisdiction: United States
Timeframe of Relationship: 1998–2013
Primary Linked Entities: Financial Trust Company, Southern Trust Company, Plan D LLC
Transaction Volume: Estimated $1.2–1.5 billion in aggregate transfers (domestic and international)
Key Findings:
Epstein reportedly withdrew up to $80,000 in cash multiple times a month, and once withdrew more than $750,000 in cash in a single year.
JPMorgan maintained Epstein as a client despite his 2008 conviction.
Internal communications reveal compliance officers flagged suspicious transfers exceeding $10 million on multiple occasions between 2005–2010.
Provided credit facilities secured by Epstein's real estate holdings (Nine East 71st Street, Little St. James).
Executives maintained personal contact with Epstein post-conviction, facilitating introductions to high-net-worth individuals.
Agreed to $290 million settlement with victims' class action (June 2023) and $75 million settlement with U.S. Virgin Islands (September 2023). Bank denied liability but acknowledged "mistakes were made."
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▸ Deutsche Bank
Jurisdiction: Germany / Global
Timeframe of Relationship: 2013–2018
Primary Linked Entities: Financial Trust Company, Gratitude America Ltd., Plan D Management LLC
Transaction Volume: Estimated $800 million in transfers, including flagged wires to offshore centers.
Key Findings:
Assumed Epstein as a client after JPMorgan's exit.
Approved large wire transfers to various private banks without adequate KYC (Know Your Customer) documentation.
Multiple SARs filed belatedly; internal audit in 2019 cited "critical failures in monitoring high-risk client activity."
Provided custody of Epstein's hedge fund stakes and equity-linked notes.
Agreed to $75 million settlement with victims (May 2023). Bank stated it "made mistakes in its relationship with Epstein."
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▸ Citibank / Citigroup
Jurisdiction: U.S. / Global
Client Period: Early 2000s–2010s
Linked Transactions: Lending and transactional processing to entities and individuals within Epstein's network
Transaction Volume: Estimated >$100 million in direct loans
Key Findings:
Provided both secured and unsecured lending facilities to Epstein personally and associated shell entities.
Bank reputation was leveraged over time for favorable underwriting due to Epstein's perceived referral opportunities.
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B. Secondary and Intermediary Institutions
These banks were not Epstein's primary custodians but processed transactions on behalf of shell companies or correspondents:
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▸ HSBC
Jurisdiction: UK / Global
Processed suspicious Epstein-linked wires through correspondent networks; flagged in FinCEN Files. Estimated flows ~$20M (2010–2013).
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▸ Bank of America
Jurisdiction: U.S.
Handled smaller volume wires for contractors and vendors linked to Epstein LLCs; FinCEN flagged ~$14M (2011–2014).
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▸ Wells Fargo
Jurisdiction: U.S.
Identified as correspondent bank for transfers involving Credit Andorra and Meinl Bank; no direct Epstein accounts documented.
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▸ Others:
Standard Chartered, Société Générale, BNY Mellon, First Republic Bank, and Bank of China
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C. Offshore and High-Secrecy Foreign Banks
This section identifies foreign financial jurisdictions and institutions that appear in investigative materials, transaction-flow reviews, or secondary reporting connected to Epstein-controlled entities. Inclusion reflects documentary appearance or analytical relevance to offshore structuring patterns and does not necessarily establish confirmed account ownership, balances, or direct custodial relationships. Public reporting confirms that several banks in these jurisdictions later faced broader anti-money-laundering or regulatory scrutiny during the relevant period.
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Alfa-Bank / Sberbank / VTB-linked channels (Russia & correspondent networks) — Referenced in routing analyses tied to investment vehicles and real-estate-related transfers moving through London, Vienna, and other correspondent corridors.
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Pilatus Bank (Malta) — Later subject to European enforcement actions; appears in secondary materials reviewing layered transfers involving Maltese-registered offshore vehicles.
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Banque Havilland (Luxembourg) — Cited in structured-note and private-banking pathways associated with cross-border investment flows involving Eastern European intermediaries.
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BSI SA / Banque SYZ / Julius Baer (Switzerland) — Swiss private-wealth institutions appear in asset-pooling or custodial pathways linked to offshore trusts and investment structures; several faced broader compliance scrutiny in the 2010s.
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Credit Andorra (Andorra) — Referenced in corporate-transfer pathways connecting European and Latin American shell entities during periods of banking-relationship restructuring.
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Meinl Bank (Austria) — Appears in repatriation and intermediary-transfer analyses involving European holding companies; the bank later faced unrelated regulatory and criminal investigations.
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FBME Bank (Cyprus/Tanzania) — Designated by U.S. regulators as high-risk for money-laundering activity; surfaces in transaction-layering reviews involving offshore corporate vehicles.
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Caribbean offshore banks (multiple jurisdictions) — Certain high-secrecy Caribbean institutions appear in layering and correspondent-banking pathways connected to Epstein-controlled LLCs and trusts; inclusion reflects structural role in offshore transfers rather than confirmed direct account ownership.
IV. Major Client Relationships and Financial Transfers
This section documents significant financial relationships where transaction records, power of attorney arrangements, or asset transfers have been identified through court filings, independent reviews, or public disclosures.
A. Leslie H. Wexner / Wexner Entities
Leslie H. Wexner's relationship with Jeffrey Epstein represents the most significant and consequential financial relationship in Epstein's career. Beginning in the mid-1980s and extending through at least 2007, Epstein exercised extraordinary control over Wexner's personal finances, corporate holdings, and charitable foundations.
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Power of Attorney: 1991–2007 (or later)
Broad authority granted over Wexner's financial affairs, including real estate transactions, hiring/firing, borrowing, and investment decisions.
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Documented Transfers and Payments:
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1996–2011
Manhattan Townhouse (9 East 71st Street)
Transfer initiated January 1996; majority ownership transferred September 2001; finalized January 2011.
Wexner's YLK Charitable Foundation → Nine East 71st Street Corporation → Maple Inc. (both Epstein-controlled)
Consideration: $0
Market value at initial transfer: $13+ million
Disposition: Sold by Epstein estate March 2021, $51 million
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1998–2003
Consulting Fees
Wexner entities → Epstein entities
Amount: Estimated $100+ million (exact amount disputed)
Purpose: Financial management and consulting services
Source: Wexner 2019 deposition; acknowledged fees "may have been in excess of fair market value"
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2003–2007
Wexner Foundation Grants
Direct control over foundation disbursements
Amount: $45+ million
Investigation: New York AG reopened inquiry 2023 (ongoing)
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2007–2008
Ohio Properties
Multiple New Albany, Ohio residences
Transfers between Wexner entities and Epstein-controlled companies
Estimated value: $20+ million
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Wexner Statement (2019):
Public letter claiming Epstein "misappropriated" funds. No criminal charges filed against Epstein for theft from Wexner.
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B. Leon Black / Apollo Global Management
Leon Black, founder and former CEO of Apollo Global Management, maintained a financial and personal relationship with Jeffrey Epstein spanning nearly two decades. Following Epstein's 2019 arrest and Black's subsequent disclosures, the scope and nature of this relationship became subject to independent review and civil litigation.
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Relationship Period: 1999–2017
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Apollo Independent Review (January 2021):
Apollo’s board commissioned law firm Dechert LLP to conduct an independent review. The review found that Black paid Epstein over $158 million from 2012 – 2017:
- $50 million for tax advice
- $30 million for estate planning services
- $78 million for “other services” including charitable planning
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Civil Litigation:
Jane Doe v. Black, filed May 2021 (Manhattan federal court)
Allegations: Rape at Epstein's Manhattan townhouse, 2002
Settlement: July 2023 (confidential terms)
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Professional Actions:
Stepped down as Apollo CEO: March 2021
Resigned from Apollo board: July 2021
Resigned from multiple cultural institution boards: 2021–2023
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C. Glenn Dubin / Eva Dubin
Glenn Dubin, hedge fund manager and co-founder of Highbridge Capital Management, maintained one of the longest documented personal and financial relationships with Jeffrey Epstein. The relationship was complicated by Eva Dubin’s prior romantic involvement with Epstein and continued after Epstein’s 2008 conviction.
Eva Dubin (née Andersson-Dubin, former Miss Sweden) had a multi-year romantic relationship with Epstein in the 1980s, prior to marrying Glenn Dubin in 1994. According to multiple sources, Eva and Epstein remained close after her marriage, with Epstein attending family events and maintaining contact with the Dubin children.
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Relationship Period: 1995–2017
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Co-Investments:
Various science and biotech ventures (1995–2010s)
Specific amounts and entities not fully documented in public records
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Allegations:
Rinaldo Rizzo (former Dubin chef) testimony (2019): Described 2005 incident involving distressed minor at Dubin residence
Virginia Giuffre depositions: References to Dubin residence and properties
Dubin response: Denied knowledge of any illegal activity
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Legal Status:
No criminal or civil charges filed against Glenn or Eva Dubin (as of February 2026)
U.S. Virgin Islands civil discovery sought transaction records involving Dubin-associated entities
Multiple sealed victim depositions reference Dubin properties
V. Asset Tracking: Major Movements and Transfers
This section documents significant asset acquisitions, transfers, and dispositions throughout Epstein's financial history. Asset tracking provides essential context for understanding wealth accumulation, operational funding, and estate liquidation.
A. Real Estate Holdings
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358 El Brillo Way, Palm Beach, Florida
Acquired: 1990, $2.5 million (cash)
Held via: Laurel Inc.
Disposed: March 2021, $18.5 million (estate sale)
Notes: Six-bedroom residence; primary Florida base; site of criminal conduct documented in 2005-2006 police investigation; extensive surveillance systems installed; sold to private buyer.
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Zorro Ranch, Stanley, New Mexico
Acquired: 1993, $12 million
Held via: Cypress Inc. / Zorro Trust
Disposed: August 2023, undisclosed price (estate sale)
Notes: Remote 7,500 acre compound with airstrip; abuse allegations documented; acquired during period of Wexner relationship; listed for $27.5 million, later reduced to $18 million; actual sale price not publicly disclosed.
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9 East 71st Street, Manhattan, New York
Acquired: 1996, $0 (transferred from Wexner's New Albany Company)
Held via: Maple Inc. / NES LLC
Disposed: March 2021, $51 million (estate sale)
Notes: Seven-story, 21,000-square-foot townhouse; valued at $13.2 million at time of transfer; primary New York residence; site of criminal activity; extensive interior modifications including dentist chair, massage tables, surveillance equipment; transferred under Epstein's power of attorney over Wexner finances.
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Little St. James Island, U.S. Virgin Islands
Acquired: 1998, $7.95 million
Held via: Little St. Jeff LLC / LSJ LLC
Disposition: Sold May 2023, $60 million total (both islands - Little St. James and Great St. James sold together)
Notes: Central to trafficking operation; extensive construction across the 72 acres, including main residence, guest villas, helipad, dock facilities, underground spaces; became known as "Epstein Island" in media coverage; U.S. Virgin Islands forfeiture action was pending but property sold as part of estate liquidation.
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Paris Apartment, Avenue Foch
Acquired: 2001, approximately $12 million
Held via: Unknown entity (likely French corporation)
Disposed: February 2022, $13.5 million (estate sale)
Notes: 8,000-square-foot luxury apartment; connection to Jean-Luc Brunel and French modeling agencies; minimal appreciation; quick estate liquidation.
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Great St. James Island, U.S. Virgin Islands
Acquired: October 2015, $18 million
Held via: Great St. James LLC
Disposed: May 2023, $60 million total (both islands - Great St. James and Little St. James sold together)
Notes: Adjacent to Little St. James; 165 acres; purchased for expansion; construction began but never completed; sold as part of estate liquidation package with Little St. James Island.
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Total Real Estate Summary:
Aggregate acquisition cost: ~$40 million
Total estate sales (2021-2023): $143+ million (excludes undisclosed Zorro Ranch sale price)
Note: All major properties have been liquidated as of August 2023.
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B. Aircraft Holdings
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N474AW — Cessna Citation
Acquired: 1990s, estimated $3 million
Disposition: Sold circa 2002
Notes: Earlier aircraft; limited documentation; used for domestic travel.
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N908JE — Boeing 727-200
Acquired: November 1992, estimated $5 million
Held via: JEGE LLC → Plan D LLC → Plan D Aviation LLC
Disposition: Sold 2020 (scrap)
Notes: Known as “Lolita Express” in civil litigation; customized interior with bedroom, bathroom, full galley; over 11,000 flight log entries documented spanning 1998-2013; transported multiple victims; aircraft registration changed multiple times; removed from service after 2019 arrest; minimal salvage value at disposal.
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N212JE — Gulfstream GIV-SP
Acquired: 2000, estimated $18 million
Held via: Hyperion Air LLC
Disposition: Sold 2021, $11 million (estate sale)
Notes: Primary international travel aircraft; range of 4,200+ nautical miles; used for European and Middle Eastern trips; maintained at Teterboro Airport, New Jersey.
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Multiple Helicopters (Bell models)
Acquired: Various dates, estimated $6 million total
Held via: Various LLCs
Disposition: Sold 2019-2021 (estate sales)
Notes: At least three helicopters used for shuttle service between airports and island properties; one crashed in U.S. Virgin Islands 2018 (no injuries reported); used extensively for Little St. James operations.
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Total Aircraft Value:
Acquisition cost: ~$47 million
Estate recovery: ~$11 million (Gulfstream only; Boeing 727 had minimal scrap value)
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C. Major Financial Transfers
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1998-2003
Wexner Entities → J. Epstein & Co.
Amount: Estimated $100+ million
Purpose: “Consulting fees” for financial management services; exact amounts disputed; Wexner later acknowledged fees may have exceeded fair market value.
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2005
JPMorgan accounts → offshore accounts (Switzerland, Caribbean)
Amount: $15.5 million
Purpose: Flagged in Suspicious Activity Report (SAR); routed through multiple shell companies; destination banks included Swiss private banks and Caribbean offshore centers; compliance officers noted unusual structuring.
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2006-2008
Structured cash withdrawals, multiple JPMorgan accounts
Amount: $80+ million (aggregate)
Purpose: Large cash withdrawals of $250,000+; pattern consistent with victim payments, operational expenses, and cash-based transactions; withdrawals often structured to avoid certain reporting thresholds while still triggering SARs.
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2010
Black-linked entities (Apollo Global) → Epstein accounts
Amount: $25 million
Purpose: Payment from Leon Black’s investment firm; described in internal records as “tax and estate planning advice”; timing follows period of extensive contact documented in visitor logs and communications.
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2013-2018
Deutsche Bank custody and investment accounts
Amount: $350+ million (aggregate movements)
Purpose: Investment transactions, asset transfers, international wires; multiple SARs filed; “high-risk client” designation applied 2015 but relationship continued; bank cited “critical failures in monitoring” in 2019 internal audit.
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August 8, 2019
Various accounts and entities → The 1953 Trust
Amount: $577 million (total estate valuation)
Purpose: Consolidation of all known assets into single family trust; created two days before Epstein’s death; trust structure designed to shield assets and control distribution; executors granted broad discretionary authority.
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D. Estate Liquidation and Distributions (2019–Present)
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Estate Value at Death (August 10, 2019):
$577 million (as declared by executors Darren Indyke and Richard Kahn)
Victim Compensation Program (VCP), 2020-2021:
Total distributed: Over $120 million
Number of claimants: 150+
Average payout: ~$750,000
Participation requirement: Waiver of future litigation against estate
Administrator: Jordana Feldman (independent claims administrator)
Controversy: Many victims criticized program for inadequate compensation and forced litigation waiver; some eligible victims refused to participate.
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Property Sales, 2021-2023:
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Manhattan townhouse (9 East 71st Street):
$51 million (March 2021)
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Palm Beach residence (358 El Brillo Way):
$18.5 million (March 2021)
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Paris apartment (Avenue Foch):
$13.5 million (February 2022)
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Zorro Ranch, New Mexico:
Undisclosed price (August 2023)
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Little St. James Island and Great St. James Island (sold together):
$60 million (May 2023)
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Total real estate liquidation:
$143+ million (excluding undisclosed Zorro Ranch sale)
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Aircraft and Personal Property Sales:
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Gulfstream jet: $11 million (2021)
Art collection (partial): $18 million (various sales, 2020-2023)
Vehicles, watercraft, furnishings: $5 million (estimated aggregate)
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Total tangible property: ~$34 million
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Current Estate Status (February 2026):
Estimated remaining assets:
$180-200 million (includes investments, remaining property interests, cash reserves)
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Primary holdings: Investment portfolio, remaining real property interests, offshore accounts (under review)
Expected final distribution: 2027-2028
Ongoing litigation: U.S. Virgin Islands forfeiture action; individual civil suits against executors for mismanagement; tax investigations by New York State and IRS regarding Southern Trust Company.
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This appendix is not exhaustive and does not represent a complete record of all financial entities or transactions. Certain entity formation dates, dissolution dates, or transaction amounts may remain approximate or contested where complete documentation is unavailable. Additional entries will be added as documentary evidence is reviewed, financial forensic analysis continues, and estate administration proceeds. This document will be periodically updated to reflect new information obtained through litigation, regulatory review, and investigative findings.
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Psalm 82, much wisdom