EFTA Document EFTA01481382

Due Diligence Report AIR GHISLAINE, INC JP Morgan Chase EFTA01481382 Executive Summary On 01/23/2009, GS&I was requested by Mary Casey to conduct a background investigation. Full research was conducted on Air Ghislaine Inc. in Delaware only. Media research was conducted on Ghislaine Maxwell. Throughout this search, the following records were researched: Company and corporate records, RDC (Regulatory Data Corp), CDC (Compliance Data Corp), MIS (McDonald Information Services), Factiva (Public Figures & Associates Database), CSSS/FPS internal database search ("Follow the Money" List), state & federal court searches, personal particulars, publications, regulatory sanctions, NASD/NFA and OFAC (Office of Foreign Asset Control). Please Note: All research is subject to the availability of electronic database resources. Our searches revealed the following: Air Ghislaine Company records search revealed no records found. ETax ID not confirmed.B- Address not confirmed. Corporate records search revealed records found.UState of domicile: Confirmed. Internal database search revealed the following:UReference the accounts titled "13699066" and "1082086" for previous research. State court searches revealed no records found. Federal court searches revealed no records found. Publications revealed nothing derogatory. Regulatory sanctions search revealed no records found. A search of OFAC did not reveal any matches. EFTA01481383 Ghislaine Maxwell Internal database search revealed the following:UReference the account titled "Ghislaine Noelle Maxwell", "Forums, LLC", and "116 East 65th St LLC" for previous research. The following information was previously reported to Mary Reith on 03/17/2003 under the account Ghislaine Maxwell (DDR # 1185/03): Several newspaper articles detailing the investigation conducted by Britain's Serious Fraud Office against Robert Maxwell. He allegedly used pension funds to service debts, cover operating losses, gamble in the foreign exchange markets, and support the stock of his publicly held companies. The agency is also looking into a complaint from Swiss Bank Corp., which says it did not receive collateral for a $100 million loan to a small private Maxwell company. Newspaper article dated 12/01/2000, which stated that "Ghislaine Maxwell's source of wealth is being classified as something of a mystery." Newspaper article dated 08/09/1996 detailing the arrest of Ghislaine Maxwell on DWI charges. Numerous newspaper articles detailing the criminal fraud charges brought against Kevin and Ian Maxwell (sons of Robert Maxwell). The following information was previously reported to Mary Reith on 10/20/2005 under the account Forums, LLC (DDR # 11374/04): Newspaper article dated 6/23/2005 detailing Robert Maxwell misappropriated funds from the companies under his control. According to the newspaper article, "He pledged assets as security for additional loans", but instead of delivering the assets to the lender, he would simply sell the assets for cash. "For example, Berlitz language school was supposedly sold to a Japanese publishing company, but the shares had previously been pledged as security for loans from Swiss Volksbank and Lehman Brothers." Publications revealed nothing derogatory found. Regulatory sanctions search revealed no records found. A search of OFAC did not reveal any matches. EFTA01481384 TABLE OF CONTENTS U TOC \o "1-3" \h \z \u UE HYPERLINK \l " Toc179876752" RECORDS IT PAGEREF _Toc179876752 \h HOES HYPERLINK \l "Toc179876761" LINFAC/CONTROL LIST SEARCH Toc179876761 \h MOE CORPORATE PAGEREF EFTA01481385 CORPORATE RECORDS THIS IS NOT A STATEMENT OF GOOD STANDING H HYPERLINK "https://sos-res.state.de.us/tin/FieldDesc.jsp" \l "FILE NUMBER" \t "none" '"File Number:2 3143027 2 HYPERLINK "https://sos- res.state.de.us/tin/FieldDesc.jsp" \l "INCORPORATION DATE OR FORMATION DATE" \t "none" UIncorporation Date / Formation Date:H 12/15/1999H(mm/dd/yyyy) • HYPERLINK "https://sos-res.state.de.us/tin/FieldDesc.jsp" \l "ENTITY NAME" \t "none" BEntity Name:U AIR GHISLAINE, INC. • HYPERLINK "https://sos-res.state.de.us/tin/FieldDesc.jsp" \l "ENTITY KIND" \t "none" REntity Kind:2 CORPORATION HYPERLINK "https://sos- res.state.de.us/tin/FieldDesc.jsp" \l "ENTITY TYPE" \t "none" gEntity Type:2 GENERAL • HYPERLINK "https://sos-res.state.de.us/tin/FieldDesc.jsp" \l "RESIDENCY" \t "none" FResidency:B DOMESTIC State: DE HYPERLINK "https://sos-res.state.de.us/tin/FieldDesc.jsp" \l "REGISTERED AGENT INFORMATION" \t "none" RREGISTERED AGENT INFORMATION2 Name: THE CORPORATION TRUST COMPANY Address: CORPORATION TRUST CENTER 1209 ORANGE STREET City: WILMINGTON County: NEW CASTLE State: DE Postal Code: 19801 Phone: (302)658-7581 EFTA01481386 OFAC/CONTROL LIST SEARCH EFTA01481387 )11 Confidential Due Diligence Report Confidential - This report is not to be disseminated or photocopied to any third party without the express consent of Global Security & Investigations. BPIJ FILENAME B2506096.docE El PAGE EFTA01481388