Text extracted via OCR from the original document. May contain errors from the scanning process.
•
In 1976. Epstein started work as an options trader at Bear Steams where he worked in the special products
division, advising high-net-wonh clients on tax strategies. Proving successful in his financial career, in 1980 Epstein
became a partner at Bear Steams.
•
In 1982, Epstein founded his own financial management firm. J. Epstein & Co.. managing the assets of
clients with more than SI billion in net worth. In 1987. Leslie Wexner. founder and chairman of Ohio-based The
Limited chain of women's clothing stores, became a well-known client. Wexner acquired Abercrombie & Fitch the
following year. In 1992 he converted a private school on the Upper East Side into an enonnous residence. Epstein
later bought that property. in the wealthiest part of Manhattan. In 1996, Epstein changed the name of his firm to the
Financial Trust Company and, for tax advantages, based it on the island of St. Thomas in the U.S. Virgin Islands.
•
In 2003, Epstein bid to acquire New York magazine. Other bidders were advertising executive Donny
Deutsch, investor Nelson Paz, media mogul and publisher Mortimer Zuckerman, who had the New York Daily
News. and film producer Haney Weinstein. They were ultimately outbid by Bruce Wasserstein. a longtime Wall
Street investor, who paid $55 million.
•
In 2004. Epstein and Zuckerman committed up to S25 million to finance Radar a celebrity and pop culture
magazine founded by Maer Roshan. Epstein and Zuckerman were equal partners in the venture. Roshan, as its
editor-in-chief. retained a small ownership stake.
•
Presently, Mr. Epstein founded Southern Trust Company Inc. a private consulting company that invests the
assets of their clients and gets their revenue from the return of these investments. Southern Trust invests in different
portfolios catered to their clients and makes their revenue based on the returns and the fees associated with
managing their client's assets.
11) Please explain in detail what this account is being used for. What am the monthly expenses of the company?
Deposit account related to art purchase. It couldn't be clearer in the current description:
•
Jeffrey and Caroline share the same affinity for art and decided to become partners investing in artwork
from up and coming artists together. They both invest equally in the purchases of the artwork.
13) Please provide COGS for Plytance. LLC.
•
Explain?
17) Please provide proof of delivery for the FinCEN form. Please ensure it was c-mailed by the same person who
signed the form (Jeffrey Epstein).
•
Will revert shortly
Regards,
Brad
<iinage001.gilt>.
Bradley Gitlin
Vice President
Deutsche Bank Wealth Management
345 Park Avenue. 24th Fl
New York, NY 10154
Securities offered through Deutsche Bank Securities Inc.
Cc: Bradley Gitlin
Hi Stewart,
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0070286
CONFIDENTIAL
SONY GM_0021 6470
EFTA01375119