EFTA Document EFTA01720157

EFTA01720157 • it:i.... ....trItIcaCi17.4:::ar -4Rik ,C5S- - 9 - EFTA01720158 a 1:30 PM 03/28105 Cash Basis New York Strategy Group, LLC Balance Sheet As of December 31, 2004 Dec 31, 04 ASSETS Current Assets Checking/Savings 10000 • Bank 10010 • JPM Checking acc. 4,779 10011 • JPM MMA 104,486 Total 10000 • Bank 109,265 11000 Petty Cash 1,998 Total Checking/Savings 111,263 Other Current Assets 13000 • Advances 25,000 15000 Investments 15005 - Ethos 25,000 Total 15000 • Investments 25,000 Total Other Current Assets 50,000 Total Current Assets 161,263 Fixed Assets 15200 • Fixed Assets 15205 - Furniture & Furnishings 8.080 15250 • Office Equipment 131.767 15299 • Accumulated Depreciation -107.834 Total 15200 - Fixed Assets 32,013 Total Fixed Assets 32,013 TOTAL ASSETS 193,276 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 26000 • Loan JE 723,125 29000 Officer's Loan 990,000 Total Other Current Liabilities 1,713.125 Total Current Liabilities 1,713,125 Total Liabilities 1,713.125 Equity 30000 • Capital Stock 1,000 32500 • Additional PIC 82,041 39000 Accumulated Earnings -25,012 Net Income -1,577,878 Total Equity -1,519,849 TOTAL LIABILITIES & EQUITY 193,276 Page 1 EFTA01720159 S EFTA01720160 1:22 PM 03/29/05 Cash Basis Financial Trust Company, Inc. Balance Sheet As of December 31, 2004 Dec 31, 04 ASSETS Current Assets Checking/Savings 10000 • Bank 10001 • Petty Cash 329 10005 • FirstBank•Payroll 2,543 10006 • FirstBank O eratIn 141,488 10008 • JPMorgan 186,186 10015 • Citibank 685 Total 10000 Bank 331,231 11000 • Due From Brokers 11002 • Bear Steams 469,634 11004 • ABN AMR° 248 11006 • Goldman Sachs 9,955,094 11011 • J P Morgan Q30171.00 Derivative 79,132,270 11020 • Merrill Lynch 5 11041 • Watchhill -Acct 1 719,999 Total 11000 • Due From Brokers 90,277,249 11600 • Money market 11602 • Bear stearns 65,990,490 11620 • Merril Lynch 584,975 Total 11600 . Money market 66,575,466 12301 • Secured Credit Card 8,076 Total Checking/Savings 157,192,023 Other Current Assets 11400 • Currency -WIN 1,072,962 11550 • Reverse Repo Watchill 11551 • Resale agreement 75,000,000 Total 11550 • Reverse Repo Watchill 75,000,000 12400 • Prepaid insurance 12500 • Notes Receivable 12510 • AIG Escrow 12511 • AIG Escrow distributions Total 12500 Notes Receivable 13000 • Security Costs 13002 • Bear Steams 13006 • Bear Steams 48,640,823 M. 10,080 13011 • JP Morgan -securities 9,812,000 13012 • JP Morgan - currency option 899,225 13041 • WatchhIll - Acct 1 13041a • Security 44,441,316 13041b • Interest received 13041b1 • FHLIVIC -3,892,297 1304182 • FANNIE MAE -2,156,336 13041B3 • FNMA -922,261 13041b4 • GNMA -5,053,457 20,027 10,000,000 -946,686 9,053,314 Total 13041b • Interest received -12,024,351 Total 13041 • Watchhill - Acct 1 32,416,965 Total 13000 • Security Costs 91,779,093 14000 • Investment In Partnerships 14010 • AP Technology Partners, LLC 274,198 14020 • Colden Capital Partners LP -912,865 14050 • Nestor 2000 LLC 1,326,352 14060 • Wilbraham 9,900,000 14061 • Wilbraham distributions -2,815,941 14081 • HIghbridge Long/Short Equity 12,500,000 14083 • Highview Global Macro 12,500,000 Page 1 EFTA01720161 i51!. • 1 1:22 PM 03129105 Cash Basis Financial Trust Company, Inc. Balance Sheet As of December 31, 2004 Dec 31, 04 14088 • BS High-Grade Structured 15,000.000 14089 • Caliber One LP 1,318,120 14090 • Highbridge Capital Corp. 33,560,762 14091 • Highbridgeavelm 69,888,988 14093 • Viking Global EquitItios LP 6,542,859 14095 • SAB Capital Partners 1,088,431 14096 • Tudor Futures Fund 7,031,426 14097 • Liquid Funding Holding 3,140,707 14098 • AP SHL Investors, LLC 584,840 14099 • Pinehurst Partners, L.P 31,261,503 Total 14000 • Investment In Partnerships 202,189,381 Total Other Current Assets 379,114,777 Total Current Assets 536,306,799 Fixed Assets 15100 • Leasehold Improvements 307,535 15200 • Furniture & Equipment 15205 • Furniture & Furnishings (Office Furniture & Furnishing) 56,151 15215 • Shipping & Duties 7,938 16250 • Office Equipment 142,462 Total 15200 • Furniture & Equipment 206,552 15300 • Professional Fees 15305 • Architectural 35,619 15307 • Engineering 100 15308 Interior Designer 17,423 15309.. Legal 52,761 Total 15300 • Professional Fees 105,903 15500 • Accumulated Dep & Amortization 15501 • Depreciation -207,853 15502 • Amortization -48,804 Total 15500 • Accumulated Dep & Amortization -256,657 Total Fixed Assets 363,332 Other Assets 18000 • Security Deposit 11,555 18020 • Prepaid expenses 52,180 18030 • Loans receivable 18031 • Forum, LLC 300,000 Total 18030 • Loans receivable 300,000 Total Other Assets 363,735 TOTAL ASSETS 537,033,867 LIABILITIES & EQUITY Liabilities Current Liabilities Credit Cards 25000 • Credit Card Payable 25006 • Chase Visa- 4,364 Total 25000 • Credit Card Payable 4,364 Total Credit Cards 4,364 Other Current Liabilities 21000 • Payroll Liabilities 21001 • Simple IRA deductions 5,389 Total 21000 • Payroll Liabilities 5,389 26500 • Short Sale Liability 26506 • JP Morgan -currency option 807,854 Page 2 EFTA01720162 ":." • ab'm • •41 1:22 PM 03/29/05 Cash Basis Financial Trust Company, Inc. Balance Sheet As of December 31, 2004 26507 • JP Morgan • short options 26542 • Watchill UST Total 26500 • Short Sale Liability 27500 • Repo Dec 31, 04 97,500 74,821,043 75,726,397 27542 • Acct 1 11,978,013 Total 27600 • Repo 11,978,013 Total Other Current Liabilities 87,709,799 Total Current Liabilities 87,714,163 Total Liabilities 87,714,163 Equity 33000 • Stockholder net -28,023,000 37000 • Common Stock 1,000 38000 • Additional paid in capital 28,796,888 39000 • Retained Earnings 366,045,667 Net Income 82,499,149 Total Equity 449,319,704 TOTAL LIABILITIES & EQUITY 537,033,867 Page 3 EFTA01720163 1:20 PM 03/29/05 Cash Basis Jeffrey E. Epstein Balance Sheet As of December 31, 2004 Dec 31, 04 ASSETS Current Assets Checking/Savings 10000 • Bank 10003 PB House act In 11,376 10004 • PB General 4,088 10006 • PB Checking 6,916 10010 • PB Money Mal. 58,981 10011 • JPMorgan Chase 1,682,000 10017 Citibank EURO 46,629 10020 • Citibank 0 10045 • First BanlEse) USVI 31,345 10050 • PB CD 118.096 Total 10000 • Bank 1,959,433 10500 • Petty Cash 10502 . JEE Cash 42,753 10504 • JE•GM Cash 8.543 10506 • PB House Cash 3,703 10510 • 6,213 10511 • 12,405 10512 2,200 10513 . 5.189 10515. 2.207 10518• 1,893 10525 . 3,525 10536 • 562 Total 10500 • Petty Cash 89,192 11000 • Due from Broker 11002 • Bear Steams 11006 • Goldman Sachs 11009 • Dreyfus 11011 • JP Morgan NUM 11014 • Alex Brown Total 11000 . Due from Broker Total Checking/Savings Other Current Assets 12050 • Due From Cr.Card 8,340 75,775 434,776 50,718 11 569,621 2,618,246 12051 • Amex Gold 6,888 Total 12050 • Due From Cr.Card 6,888 12200 • Loans & Exchanges 12220 Due from GM 23,707 12225 • Darren Indyke 1,798.000 12232 • Wexner 20,150 12238 • NY Strategy Group, LLC 723,125 12254 • Max Hotel 10.107 12258 • Miles Alexander 68,851 12261 • William Haque 13,500 12263 • Gaddo Cardini 10,000 12264 • 4,000 12265 Pr lon 25.000 12266 • 15,000 Total 12200 - Loans & Exchanges 2,711,450 12600 • Due To/From Related Entitles 12504 • Zorro Development Corp. 2,162,817 12510 Hyperion Air, Inc. 223,464 12515 • JEGE, Inc. 5,615,510 Total 12500 Due To/From Related Entities 8,001,791 13000 - Security Cost 13002 • Bear Steams 2,468,257 Page 1 EFTA01720164 P I ` 1:20 PM 03/29/05 Cash Basis Jeffrey E. Epstein Balance Sheet As of December 31, 2004 Dec 31, 04 13020 • Various Stock Certificates 2,152 Total 13000 • Security Cost 14000 - Investment in Private Companies 14003 • Zorro Ranch, LLC 168,523 14004 • Zorro Development Corp. -277,634 14005 • Zorro Trust 24,415,490 14006 • Financial Trust Company, Inc. 449,319,764 14010 • Hyperion Air 1,000 14014 • NES, LLC 22,393,688 14016 • L.S.J., LLC 19,590,014 14017 • LCP Company, LLC -544 14022 • Haze Trust 26,052,026 14040 • JEGE, Inc. 1,000 14050 • KCAC, LLC 1,047,000 14052 • The Core Club 55th Street LLC 98,158 14056 • MJ, LLC 2,000,000 2.470,408 Total 14000 • Investment in Private Companies 544,808,426 Total Other Current Assets 557,998,964 Total Current Assets Fixed Assets 15000 • Palm Beach 560,617,210 15001 • House Purchase 2,500,000 15002 - Construction/Cap. Improve - PB 1,941,372 15005 • Landscape Improvements 318,632 15010 • Architects 269,267 15011 • Engineers 29,360 15014 • Designer - PB 407.390 16052 • Furniture & Antiques PB 539,794 15054 • Art - PB 106,123 15056 • Furnishings 689,986 15058 • Carpets 168,249 15060 • Electronics, Equipment, Misc 214,757 Total 15000 - Palm Beach 7,184,930 15200 - Zorro 15214 • Designer 2,000 15217 • Customs & Shipping 339,659 15252 • Furniture & Antiques 2,813,131 15254 • Art 214,400 15256 - Furnishings 1,591,201 15258 • Carpets 184,015 15260 • Electronics, Equipment, Misc 79,321 Total 15200 • Zorro 5,223,726 15300 • 71st Street 15314 • Designer 3,209,010 15317 • Customs & Shipping 16,031 15352 • Furniture & Antiques 6,357,725 15354 • Art 1,169,809 15355 • Furnishings 617,026 15358 • Carpets 723,505 15360 • Electronics, Equipment, Misc 158,647 Total 15300. list Street 12,251,754 15500 • Paris Apartment 15501 • Purchase 3,948,306 15514 - Designer 8,737,731 15552 • Furniture & Antiques 159,611 15554 • Art 148,822 15556 Furnishing 142,319 15560 - Electronics,Euipment,Misc 49,383 Page 2 EFTA01720165 ku • • 1:20 PM 03/29/05 Cash Basis Jeffrey E. Epstein Balance Sheet As of December 31, 2004 Dec 31, 04 Total 15500 • Paris Apartment 13,186,174 15600 • Brazil Apartment 15601 • Purchase 98,117 Total 15600 • Brazil Apartment 98,117 15900. Other Locations 15952 • Furniture & Antiques 3,856 15954 • Art 12,579 16956 • Furnishings 106,711 16960 • Electronics,Equipment,Misc. 225,917 Total 15900 • Other Locations 349,064 16000 Auto 16200 • Boat 16900 • Jewelry Total Fixed Assets Other Assets 18000 • Deposits 18005 • Paris Utility 2,448 1,094,820 8,031 1,638,877 41035,492 Total 18000 • Deposits 2,448 Total Other Assets 2,448 TOTAL ASSETS 601,655,150 LIABILITIES & EQUITY Liabilities Current Liabilities Credit Cards 25000 • Credit Card Payable 25008 Amex Gold 12,996 25018 PB CC 20,403 25019 • PB JE -164 Total 25000 - Credit Card Payable 33,235 Total Credit Cards 33,235 Total Current Liabilities 33,235 Long Term Liabilities 27000 • Long Term Liability 27002 • Loan Payable - Citibank 10,000,000 27003 . Loan Payable - Citibank 10,000,000 Total 27000 • Long Term Liability 20,000,000 Total Long Term Liabilities 20,000,000 Total Liabilities 20,033,235 Equity 30000 • Net Worth -JEE 443,886,149 31000 • Opening Bal Equity 0 39000 • Retained Earnings 70,208,226 Net Income 67,527,540 Total Equity 581,621,915 TOTAL LIABILITIES & EQUITY 601,655,150 Page 3 EFTA01720166 JEFFREY E. EPSTEIN & RELATED ENTITIES INVESTMENTS - NET INCREASE/(DECREASE) FOR THE PERIOD ENDED DECEMBER 31, 2004 Account Jeffrey Epstein Financial Trust Company Total 1,484,474 (42,053,682) Bear Stearns (net of margin) Dean Witter Goldman Sachs JP Morgan Foreign Currency Merril Lynch ABN T-Bills Watchhill (incl repo & accd int) ABN Commodity (net of margin) 2nd City Capital Partners SUNW Swap AIG Notes Sciens Note Receivable AP Technology Partners, LLC Golden Capital Partners, LP Zikha Capital Partners, LP Nestor 2000, LLC Wilbraham Family Interest, LP Franklin Bank Bear Stearns High-Grade Sturctured 15,000.000 Highbridge Long/Short Equity 12,500,000 Highview Global Macro 12,500,000 Caliber One LP (23,681,880) Highbridge Capital Corp. Highbridge/Zwim Viking Global Equitities LP Viking GlobalConsumer Fund LP SAB Capital Partners Tudor Futures Fund Liquid Funding Holding 1,500,000 AP SHL Investors Pinehurst Partners, LP 723 Newark Street EMMCAC, LLC MJ, LLC 2,000,000 740 Penn St (170,944) Prior Period Adj. & Other (22) Zorro Trust 105,000 JEGE, Inc. Haze Trust JEE Insurance Trust Zorro Ranch LLC KCAC, LLC The Core Club 55th St LLC PB House Deposit Other (449,560) 22.754,190 (8,645,438) (45,810,658) (4.998,112) (164) (23,179,542) 7,922 EFTA01720167 JEFFREY E. EPSTEIN & RELATED ENTITIES LOANS & EXCHANGES - Funds Outl(Funds In) FOR THE PERIOD ENDED DECEMBER 31, 2004 Account Total Jeffrey Epstein Financial Trust Co. Hyperion Air JEGE, INC NES, LLC LSJ, LLC ZORRO ITotal 2,032,973 1,724,163 299,153 (72) (93) 6,190 1,965 1,667 Loan Payable - LHW Loan Payable - Citibank Loan Payable - Citibank 2 Loan Payable - Sweater Trust Margin Payable (in investment) Tax Withholdings Payable 2,005 2,005 Ghislaine Maxwell 21,182 21,182 Les Wexner 20,150 20,150 Darren Ind sI 1,100,000 1,100,000 (6,500) (6,500) NY Strategy Group 723,125 723,125 Max Hotel &Francis les iexanaer (115,000) (115,000) (20,000) (20.000) aenia Ayeni (10,000) (10,000) William Hague (Boscoe) (6,500) (6,500) 15,000 15,000 adoo caroms 4,000 4,000 eter Mandelson 25,000 25,000 Forums, LLC 300,000 300,000 Insurance Receivable Other (19,489) (26,294) (2,852) (72) (93) 6,190 1,965 1,667 EFTA01720168 JEFFREY E. EPSTEIN & RELATED ENTITIES CAPTIAL EXPENDITURES FOR THE PERIOD ENDED DECEMBER 31, 2004 Categories Total Palm Beach 71st Street Paris 66th Street Other Locations Zorro Little St. James Financial Trust Co. Hyperion Air JEGE Total 7,724,767 154,663 2,994,971 1,999,449 37,416 184,398 2,145,556 (5,949) 144,746 69,498 Art 650 850 194,145 (194,145) Furniture & Antiques & Furnishings 156,742 43,525 99,669 9,829 4.767 (1.046) Designer (Fees & Purchases) 3.792478 • 1,637.160 2,155,816 Customs & Shipping Camels 21,449 10,448 11,001 Electronics 87,451 4,246 6416 27,449 31,2.51 17,989 Architects/ Engineers/Surveyor.eIc (Ind model) 879,364 7,275 15,599 856,490 Purchase (Brea) 1,398 1.398 Construchonnapital Improvements 2,011,162 21.818 976,724 197,986 614,834 Landscape Improvements 102,507 600 13,686 88,321 Myren 214,243 144.745 89.498 Auto,Boats.Equip.Purchase (Net of Disposals) 462.774 66.421 70,256 (60,862) 386,959 Office Equipment 6,215 6,215 Capitalized Legal, Depreciation & Other (12.164) (12,164) EFTA01720169 1 1 JEFFREY E. EPSTEIN & RELATED ENTITIES HOUSEHOLD OPERATING EXPENDITURES - BY LOCATION FOR THE PERIOD ENDED DECEMBER 31, 2004 Categories Total Palm Beach 71st Street LSJ & LCP Zorro Paris 'Total Household Operating 5,800,023 873,847 1,203,941 2,100,796 1,241,422 380,017 Payroll & Related Costs 1,900,595 193,062 429,442 666,076 511.612 100,403 Contract Labor 402,573 402,573 Insurance 343,644 78,416 82,488 92,085 56,010 34,645 Auto Expense 173,845 48,308 38,173 21,155 56,849 9,360 Boat Expense 191,771 - 191,771 Airplane Expense - Property Taxes 322,085 109.093 144,205 48,920 361 " 19,506 Rent & Maint.Charges 116,874 116,874 Repairs & Maint. House 417,156 83,394 59,615 123.123 139,873 - 11,151 Ranch Central 40,401 40,401 Landscape.Plants Maint.Garden 265,399 97,100 114,357 53,942 Pool Maintenance 6,817 6,817 Exterior (71st) 4,888 4,888 Security 5,617 5,617 Painting/Decorating 60,436 60,436 Ranch Central Supplies 13,966 13,966 Equipment Fuel & Repair 24,725 24.725 Exterminating 19,658 3,907 11,137 4,614 Rubbish Removal 20,400 20,400 Cleaning/LaundiY 89,604 51,562 27,495 10,547 Uniforms 12,414 1,151 1,606 7,958 1,699 Other 70 70 Utilities Electric (or generator fuel) 295,781 22,997 125,791 50,834 85,389 10,770 Water 3.220 3.220 Gas/Propane 128.500 8,418 46.405 73,677 Steam 88.532 88,532 Telephone/Tower Rent 151.994 17,635 24,320 48.663 51,668 9.708 Cable TV/Satellite 18,402 2,217 3,447 2,271 4,880 5.587 Household Goods/Supplies . 311,764 80,093 45,760 104,780 24,323 56,808 Groceries 171,914 54,444 40,670 48.456 27.458 886 Livestock Supply & Expense 36,720 36,720 Greenhouse 4,398 4,398 Ranch Office Expense 4,127 4,127 Electronics 11,626 125 782 4,488 6,231 Flowers 26,477 5,600 15,462 1,096 4,319 MovingStorage.Ship,Customs 82,170 5,203 3,942 71,912 1,113 Express MaiVPostage/Delivery 1,489 467 - 1,022 Travel/Transportation (Ind helicopter) 22,874 618 1,200 21,018 38 Miscellaneous 7,097, 2,414 4,683 " Does not include Zorro Trust paid property taxes of $111,237 in 2004 EFTA01720170 JEFFREY E. EPSTEIN & RELATED ENTITIES GENERAL (NON-HOUSE) EXPENDITURES FOR THE PERIOD ENDED DECEMBER 31, 2004 Total Jeffrey Epstein Zorro NES, LLC LSJ, LLC LCP, LLC Total General Expenditures 7,252,796 5,645,532 63,803 1,141,929 401,532 Travel & Lodging Air Travel 248,944 226,174 2,514 20,256 Lodging & Related 84,156 82,880 1,276 Hyperion Air (eliminated) Air Charter 265,698 265,698 Transportation 45,056 21,701 23,355 Payroll(NESnon-housesWffempbyees;LSJCA) 992,708 749,877 242.831 Office Supplies & Expenses 83,495 82.075 1,420 Auto (general) 863 863 Gifts 481,409 480,960 449 Spending Money 275,659 275,659 Massage & Exercise 41,968 18,337 10,603 13,028 Insurance (Life/Umbrella) 153,508 149,945 3,563 Medical 26.123 26,123 Photos,Film,Art Supplies 27,770 26,103 1,667 Videos,CDs,etc. & Small Electronics 23,705 22,636 588 481 Clothing & Accessories 75,670 75,670 Entertainment & Meals 18.686 10,276 2.474 5,936 Subscriptions,Books,Mags. 19.980 16.475 2,330 888 287 Shipping,Customs,Duties 240,862 235,194 5,668 Dues,Contributions,Fees,Permits,Licenses 6,981 6,981 Postage, Delivery, Express 50,809 37,812 3,049 9,948 Telephone (cellular phones-non house specific) 62,102 62,102 Pet Expenses 27,103 6,766 6,582 13,755 Charitable Contributions 564 47 517 Political Contributions 4.000 4,000 Consulting Fees 99,230 99,230 Security Expense Legal,Accounting &Other Professional Fees 309,791 144,733 31,777 45,000 88.281 Loan Origination Fee Stock Market Services 9,869 4,546 5.323 Interest Expense Short Dividend Expense Performance Fee Taxes 3,075,164 3,074,829 135 200 Outside House Expenses 190,203 190,203 General Expenses 153.646 153,646 301 East 66th Street Expenses 126,758 126,758 Miscellaneous 30,316 25,173 995 225 3,923 ci EFTA01720171