SHELL COMPANY, FINANCIAL VEHICLE & DARK MONEY FLOW INVESTIGATION
Supplementary Entity Map -- Epstein Files (218GB DOJ Release)
Forensic Database Analysis Report
Date: 2026-02-10
Databases Analyzed:
- the primary document text database (519,520 redacted text fragments)
- the Dataset 10 document text database (434,721 redacted text fragments)
- the OCR text extraction database (38,955 OCR pages)
- the entity relationship database (489 persons, 12 shell companies, 9 organizations)
Total Queries Executed: 44+ primary queries across all document collections
Known Entity Baseline: 95+ entities under RM CODE 82289
SOURCE NOTE: All DB-SDNY-####### Bates numbers in this document are Deutsche Bank document production references from EFTA00027019 (Exhibits A-E: master transaction tables compiled by SDNY from Deutsche Bank records).
EXECUTIVE SUMMARY
This investigation identified 57 NEW or under-mapped entities, financial vehicles, and money flow channels not present in the existing 95+ entity map. Critical findings include:
JEEPERS INC -- A previously under-analyzed Deutsche Bank brokerage entity that served as the primary capitalization vehicle for Epstein's NOW/SuperNOW accounts, moving $75M+ in 2013-2019
ELLMAX LLC -- Ghislaine Maxwell's personal shell company with its own JPMorgan bank accounts, used for consulting income
Industrial Integrity Solutions LLC -- New Mexico entity used to purchase Epstein aircraft from estate
The complete Rothschild-Black-Apollo money pipeline -- $158.5M+ documented through Southern Trust
Blockchain Capital fund investments -- $15M returned to 2017 Caterpillar Trust in 2018
Gratitude America charitable fund distribution channels -- documented flow to multiple foundations
Multiple previously unmapped JPMorgan account entities under RM CODE 82289
PART I: NEW SHELL COMPANIES & CORPORATE ENTITIES
1. JEEPERS INC (Deutsche Bank Brokerage)
- Type: Shell company / Investment brokerage vehicle
- Jurisdiction: USVI corporation (EFTA00097633: "Jeepers, Inc... which is also a USVI corporation")
- Parent Entity: Financial Trust Company, Inc. (USVI) is the sole stockholder of Jeepers Inc., both with Bear Stearns brokerage accounts pre-Deutsche Bank era (March 2007, EFTA00097633)
- Connected Persons: Jeffrey Epstein (ONLY authorized signer/verbal confirmation for checking, EFTA00128822), Darren Indyke (co-signer on commercial checking, EFTA00065864)
- Account Lifecycle: Opened 02/02/07, closed 12/31/19. Estate liquidation: $192,384 (EFTA00075562). Listed as "Dormant/Inactive" at $0 in estate verified inventory (EFTA00076491)
- SAR References: FinCEN BSAR transcript referencing Jeepers within Epstein entity network, cases 2019-05-000717/720/722 (EFTA00151554)
- Function: PRIMARY capitalization vehicle for Epstein's Deutsche Bank NOW/SuperNOW accounts
| ------ | --------------- | -------- |
| 10/11/2013 | Jeepers -> JE NOW Account | $3,000,000 |
| 11/14/2013 | Jeepers -> JE NOW Account | $2,000,000 |
| 12/20/2013 | Jeepers -> JE NOW Account | $2,000,000 |
| 1/30/2014 | Jeepers -> JE NOW Account | $2,000,000 |
| 2/20/2014 | Jeepers -> JE NOW Account | $4,000,000 |
| 4/11/2014 | Jeepers -> JE NOW Account | $3,400,000 |
| 5/6/2014 | Jeepers -> JE NOW Account | $2,000,000 |
| 6/11/2014 | Jeepers -> JE NOW Account | $3,000,000 |
| 7/16/2014 | Jeepers -> JE NOW Account | $2,000,000 |
| 8/19/2014 | Jeepers -> JE NOW Account | $2,500,000 |
| 10/2/2014 | Jeepers -> JE NOW Account | $2,500,000 |
| 1/5/2015 | Jeepers -> JE NOW Account | $2,500,000 |
| 2/10/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 3/13/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 3/27/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 4/16/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 5/18/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 6/12/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 7/9/2015 | Jeepers -> JE NOW Account | $3,200,000 |
| 8/20/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 10/7/2015 | Jeepers -> JE NOW Account | $2,000,000 |
| 10/29/2015 | Jeepers -> JE NOW Account | $2,500,000 |
| 1/8/2016 | Haze Trust -> Jeepers DB Brokerage | $20,000,000 |
| 9/9/2016 | Jeepers -> JE NOW Account | $2,000,000 |
| 2/7/2019 | Jeepers -> JE NOW Account | $3,276,640 |
- Total documented: ~$75,876,640+
- CRITICAL NOTE: Jeepers Inc was also used to fund the Haze Trust brokerage account and appears to function as the primary liquidity vehicle between Epstein's investment portfolio and operating accounts.
2. ELLMAX LLC
- Type: Shell company / Personal consulting vehicle for Ghislaine Maxwell
- Business Address: 116 East 65th Street (same as Epstein mansion)
- Connected Persons: Ghislaine Maxwell, Scott Borgerson, Darren Indyke
- Function: Maxwell's personal consulting company; received payments; had JPMorgan bank accounts
- Key Finding: "Darren Indyke helped Maxwell create Ellmax" (EFTA00011365). Maxwell "paid personal assistant for more than 10 years" through Ellmax (EFTA00011365)
- Maxwell Deposition (DS9): Complete deposition transcript at EFTA00065870 (April 9, 2019): Maxwell formed Ellmax in "2010 or '11," was sole member, entity had no assets, generated minimal revenue, was effectively dormant from 2013 onward. "It didn't have any assets." Records kept in a "file cabinet. wherever I was sitting." Maxwell email: [email protected]. CargoMetrics UBS correspondence used this address (EFTA00239492).
3. NEPTUNE LLC
- Type: Shell company / Operating entity -- "Money Market to hold funds necessary to run the costs associated with Jeffrey Epstein's NYC home" (EFTA00166822 KYC profile)
- Jurisdiction: Sole member Jeffrey E. Epstein; Operating agreement dated December 2011 (EFTA00076491 p.39)
- JPMorgan Account: 9/29/2006 -- 1/31/2013 (Bates range JPM-SDNY-00019781 to JPM-SDNY-00020040, EFTA00090639)
- Bank Officers: Jj Litchford / Paul Morris (Deutsche Bank); Paul Morris as Relationship Manager on updated KYC (EFTA00166948)
- Connected Persons: Jeffrey Epstein, Darren Indyke, Stewart Oldfield
- SAR References: Listed alongside NES LLC, New York Strategy Group LLC in JPMorgan SAR (EFTA00151209)
- Estate Value: $0 (listed as LLC Wholly Owned by Decedent, EFTA00076491)
- Function: Operating entity with JPMorgan accounts under RM CODE 82289
- D $250,390.13 (EFTA01381049)
- D $156,217.67 (EFTA01413816)
- D $165,204.86 (EFTA01413917)
- D $137,953.37 (EFTA01413918)
- D $209,812.70 (EFTA01415162)
- D $366,477.90 (EFTA01431991)
- Key Finding: Subject of "Periodic Review of High Risk" and "Corp Resolution Query" -- JPMorgan flagged this entity
4. NES LLC
- Type: Shell company / Operating entity
- Bank Officer: Jj Litchford / Paul Morris (JPMorgan)
- Connected Persons: Jeffrey Epstein, Darren Indyke
- Function: Operating entity under RM CODE 82289
- D $264,466.13 (08/17/18, EFTA01381149)
- D $114,217.89 (EFTA01430750)
- D $149,710.54 (EFTA01431991)
- D $232,898.91 (EFTA01413912)
- Note: TBR NES LLC also appears at "NEW YORK, NY" (EFTA01700895)
5. ZORRO MANAGEMENT LLC
- Type: Shell company / Property management
- Jurisdiction: New Mexico (Zorro Ranch connection)
- Connected Persons: Jeffrey Epstein, Stewart Oldfield, Cynthia Rodriguez
- Function: Management of Zorro Ranch property; operating expenses
- O $424,475.56 (08/17/18)
- D $259,795.28 / D $312,715.04 / D $464,682.58 (various dates)
- D $166,593.70 (acct #42966807)
- D $118,575.62 / D $265,245.21 (various dates)
6. ZORRO DEVELOPMENT CORP
- Type: Corporate entity / Real estate development
- Connected Persons: Jeffrey Epstein
- Function: Real estate development at Zorro Ranch
- Key Finding: Fedwire payments received: "Wells Fargo NA/121000248 NC: Zorro Development Corp." (EFTA01482283)
7. HBRK ASSOCIATES INC
- Type: Shell company / Accounting office
- Connected Persons: Richard Kahn (accountant/co-executor), Jeffrey Epstein
- Function: Richard Kahn's accounting firm; handled Epstein financial operations; [email protected] domain
- D $149,498.33 (08/17/18)
- D $211,289.05 (06/21/18)
- Key Finding: $1,928,647 transferred from "Jeffrey E Epstein c/o HBRK Associates (Non-DB Account)" to JE NOW account on 11/17/2014
8. 116 EAST 65TH STREET LLC
- Type: Real estate holding company
- Connected Persons: Ghislaine Maxwell, Scott Borgerson, Scott Stackman/Lyle Casriel (UBS advisors)
- Function: Held Epstein's NYC townhouse; had both JPMorgan and UBS accounts
- Key Finding: UBS loan account with "Opening loan balance $2,005" (EFTA00022367)
9. 118 EAST 65TH STREET LLC
- Type: Real estate holding company
- Function: Adjacent property to main Epstein mansion
10. NEW YORK STRATEGY GROUP LLC
- Type: Shell company / Operating entity
- Jurisdiction: New York (Corporation)
- Connected Persons: Jeffrey Epstein
- Function: Unknown -- JPMorgan bank accounts
11. E MANAGEMENT NEW YORK LLC
- Connected Persons: Jeffrey Epstein
- Function: Unknown management entity
12. ASHLEY REAL ESTATE LLC
- Type: Real estate holding company
- Connected Persons: Jeffrey Epstein
- Balance: $0.00 (acct #88011969)
- Key Finding: Appears on same account list as KEYHOLE PARTNERS LLC
13. ASHLEY HOLDINGS
- Connected Persons: Jeffrey Epstein
14. KEYHOLE PARTNERS LLC
- Type: Investment partnership
- Connected Persons: Jeffrey Epstein
- Balance: C $500,000.00 (acct #88011782)
15. SFL LLC
- Connected Persons: Jeffrey Epstein
- Function: Unknown -- possibly Southern Financial variant
16. LSJ LLC / LSJE LLC
- Type: Shell company / Operating account
- Jurisdiction: Virgin Islands
- Connected Persons: Darren Indyke (PLLC), Jeffrey Epstein
- Function: Checking account for "daily expenses associated with running one of Jeffrey Epstein's private homes" (per KYC records, EFTA00015937). Used to manage Palm Beach estate.
- Bank Account: "LSJ LLC DARREN K INDYKE PLLC" (JPMorgan)
- Key Finding: Wire to Firstbank PR: "Fao Lsje, LLC" (EFTA01482300)
17. 1029 LLC
- Type: Shell company / Aircraft holding
- Connected Persons: Jeffrey Epstein
- Function: Helicopter holding entity (sn 760750 = Sikorsky S76C++)
18. SHMITKA AIR INC
- Type: Aircraft holding company
- Connected Persons: Jeffrey Epstein, ASI Wings LLC
- Function: Name change from ASI Wings registration
- Key Finding: "Aircraft Registered by: Freedom Air International. Registration of Aircraft on 02 August 2010. Name Change To: Shmitka Air Inc" (EFTA00037645)
19. FREEDOM AIR INTERNATIONAL INC
- Type: Aircraft management/holding company
- Connected Persons: Jeffrey Epstein
- Function: Aircraft registration and management
20. AIR GHISLAINE INC
- Type: Aircraft holding company
- Connected Persons: Ghislaine Maxwell
- Function: Aviation entity in Maxwell's name
21. TERRA MAR PROJECT INC
- Type: Non-profit / Shell entity
- Connected Persons: Ghislaine Maxwell
- Function: Maxwell's ocean conservation nonprofit; had JPMorgan accounts
22. MAX FOUNDATION
- Type: Foundation / Non-profit
- Connected Persons: Ghislaine Maxwell
- Function: Maxwell foundation with JPMorgan bank accounts
- NOTE: Previously unmapped entity with massive JPMorgan account activity
23. INDUSTRIAL INTEGRITY SOLUTIONS LLC
- Type: Shell company / Aircraft purchaser
- Connected Persons: Rich Munkvold (Chief Financial Officer, EFTA00080010), Darren Indyke (Authorized Representative of Hyperion Air, seller)
- Function: Purchased Sikorsky S-76C++ helicopter (serial 760750, registration N722JE) from Hyperion Air LLC (Epstein estate) for $1.00 + OVC
- DS9 -- Complete Purchase Chain: EFTA00080010 contains complete Aircraft Purchase Agreement (April 2021), First Amendment (April 20, 2021), Second Amendment (May 7, 2021), FAA Aircraft Bill of Sale, Delivery Receipt, and Warranty Bill of Sale.
24. FLYING V AVIATION LLC
- Connected Persons: Lawrence Visoski (Epstein's chief pilot)
- Function: Visoski's personal entity; received wire transfers
25. EL ROTHSCHILD LLC
- Connected Persons: Lynn Forester de Rothschild
26. FREESTREAM AIRCRAFT (BERMUDA) LIMITED
- Type: Aircraft management/charter company
- Jurisdiction: Bermuda (Canon's Court, 22 Victoria Street, PO Box HM 1179, Hamilton HM EX)
- Connected Persons: Jeffrey Epstein, Alireza Ittihadieh (CEO)
- Function: Charter aircraft provider for Epstein. NDA between Freestream and Epstein dated March 1, 2016 (EFTA00307754). Coordinated Geneva charter trip (July 2015, Hawker 800XP, GBP 11,000, EFTA00346055). Passport coordination for Kathryn Ruemmler (former Obama White House Counsel) on the Geneva trip (EFTA00346038).
27. ISLAND GLOBAL YACHTING LTD
- Type: Maritime/yacht company
- Jurisdiction: Unknown (likely offshore)
- Connected Persons: Jeffrey Epstein
- Money Flow: $292,655 to JE NOW account on 5/16/2014
28. DELSON INTERNATIONAL INC
- Connected Persons: Lawrence Delson ("Larry Delson"), Jeffrey Epstein
- Money Flow: $50,000 from JE account on 10/7/2016
29. BRAVEN FILMS LLC
- Type: Film production company
- Connected Persons: Unknown
- Function: Literary Option/Purchase Agreement found in files
30. AVJET CORPORATION
- Type: Aviation sales/charter
- Connected Persons: Jeffrey Epstein (aircraft transactions)
PART II: INVESTMENT FUNDS & FINANCIAL VEHICLES
31. BLOCKCHAIN CAPITAL IV LP / PARALLEL FUND IV LP / III DIGITAL LIQUID VENTURE FUND LP
- Type: Cryptocurrency/blockchain venture fund
- Connected Persons: Jeffrey Epstein (via 2017 Caterpillar Trust)
- 2/21/2018: Blockchain Capital IV LP -> 2017 Caterpillar Trust = $10,500,000
- 2/21/2018: Blockchain Capital III Digital Liquid Venture Fund LP -> 2017 Caterpillar Trust = $2,625,000
- 2/21/2018: Blockchain Capital Parallel Fund IV LP -> 2017 Caterpillar Trust = $1,875,000
- Total: $15,000,000
32. TUDOR FUTURES FUND
- Type: Hedge fund (Paul Tudor Jones)
- 8/4/2014: Tudor Futures Fund -> Southern Financial LLC = $12,826,541
- 8/8/2014: Tudor Futures Fund -> Southern Financial LLC = $677,400
- Total: $13,503,941
33. BOOTHBAY MULTI STRATEGY FUND LP / BOOTHBAY ABSOLUTE STRATEGIES FUND LP / BOOTHBAY ABSOLUTE RETURN STRATEGIES LP
- 5/2/2014: Southern Financial -> Boothbay Multi Strategy = $10,000,000
- 6/30/2015: Southern Financial -> Boothbay Absolute Strategies = $2,000,000
- 7/28/2015: Southern Financial -> Boothbay Absolute Strategies = $7,000,000
- 1/6/2017: Boothbay Absolute Return -> Southern Financial = $10,000,000
- Total flows: $29,000,000
34. NEOTENY 3 LP
- Type: Venture fund (Joi Ito)
- Connected Persons: Joichi "Joi" Ito (MIT Media Lab)
- 4/13/2015: Southern Financial -> Neoteny 3 LP = $1,000,000
- 4/20/2018: Neoteny 3 LP -> Southern Financial = $30,000
35. VALAR GLOBAL FUND II LP / VALAR GLOBAL FUND III LP
- Type: Venture fund (Peter Thiel). DS9 provides complete Fund III Private Placement Memorandum (EFTA00609489, $200M target): "Andrew McCormack, James Fitzgerald and Peter Thiel (the 'Founding Partners') formed Valar Ventures... in 2010, with a mandate to find and fund high-growth, earlier-stage companies located in markets outside of Northern California." Southern Trust Company confirmed as LP with $15M commitment (EFTA00597489: Paid in Capital: $4,350,000, Remaining: $10,650,000).
- 1/21/2015: Southern Trust -> Valar Global Fund II = $150,000
- 2/12/2015: Southern Trust -> Valar Global Fund II = $900,000
- 3/30/2015: Southern Trust -> Valar Global Fund I = $2,700,000
- 7/24/2015: Southern Trust -> Valar Global Fund I = $600,000
- 9/24/2015: Southern Trust -> Valar Global Fund I = $1,950,000
- 4/20/2017: Southern Trust -> Valar Global Fund III = $3,000,000
- 7/24/2017: Southern Trust -> Valar Global Fund III = $4,250,000
- 10/11/2017: Southern Trust -> Valar Global Fund III = $2,250,000
- 1/5/2018: Southern Trust -> Valar Global Fund III = $1,500,000
- 2/15/2018: Southern Trust -> Valar Global Fund III = $500,000
- 6/1/2018: Southern Trust -> Valar Global Fund III = $1,750,000
- Total: $19,550,000+
36. HONEYCOMB VENTURES I LP / HONEYCOMB PARTNERS
- Type: Venture fund ($64M+ total outflows from Epstein entities)
- DS9 Finding: Honeycomb Asset Management's outside counsel (Reed Brodsky, Stephanie Brooker of Gibson Dunn) proactively contacted SDNY prosecutors in August 2019 because they were "currently holding funds for entities linked to Epstein and Richard Kahn" (EFTA00068100). This suggests Honeycomb held Epstein-linked funds post-arrest and was seeking guidance on how to proceed.
- DS9 SAR: $10,000,000 transaction from The 2017 Caterpillar Trust to Honeycomb Ventures IV LP (3/13/2019 to 3/19/2019, EFTA00151209)
- Connection Lead: David Fiszel (previously at Tiger Global, then Honeycomb Asset Management) met Epstein same day as Peter Thiel and Leon Black, Feb 4, 2016 (EFTA00329762). Visited 9 E 71st in April 2019 with "new idea almost ready for prime time" (EFTA00492527).
- 7/10/2017: Southern Trust -> Honeycomb Ventures I LP = $1,000,000
- 6/27/2018: Southern Trust -> Honeycomb Partners (amount cut off)
- 3/13/2019: The 2017 Caterpillar Trust -> Honeycomb Ventures IV LP = $10,000,000
37. COATUE ENTERPRISES LLC
- Type: Personal shell company of Richard Kahn (Epstein's accountant) -- NOT Philippe Laffont's tech hedge fund
- Correction: GVI Second Amended Complaint (EFTA00161836 p.58) explicitly states: "Coatue Enterprises, LLC (Kahn)" -- listed alongside "HBRK Associates, Inc. (Kahn)" as entities that "functioned as shell companies and engaged in no activities other than to coordinate the activities of Epstein's Enterprise"
- Trust Provisions: Named in multiple Epstein trust instruments (EFTA00098341): "including, but not limited to, Coatue Enterprises, LLC, or its successor entities" -- beneficially owned by Richard David Kahn and Lisa Kahn
- Portfolio Status: $1,500,000 under "Loans Receivable" in July 2017 portfolio valuation (EFTA00599617 p.6), listed alongside personal loans to Epstein employees
- SAR References: Listed in JPMorgan Chase SAR as subject entity (EFTA00151209)
- 5/5/2017: Southern Financial -> Coatue Enterprises = $500,000
- 1/12/2018: Southern Financial -> Coatue Enterprises = $500,000
- 6/13/2018: Southern Financial -> Coatue Enterprises = $500,000
- Total: $1,500,000 (likely compensation/debt servicing for Kahn's accounting work)
38. BARACK PERRAZZANO KIRSCHBAUM AND NAGELBERG CLIENT FUND
- Type: Law firm client fund
- Money Flow: 5/14/2014: Southern Financial -> BPKN Client Fund = $399,999
39. CARGOMETRICS TECHNOLOGIES LLC / CARGOMETRICS COMPASS FUND LP
- Type: Technology/shipping analytics company
- Connected Persons: Scott Borgerson, Ghislaine Maxwell, Denis Dietz (CargoMetrics)
- Function: Maxwell and Borgerson's tax filings show K-1 income from Cargometrics entities
- Key Finding: Maxwell/Borgerson Form 6781 shows: Cargometrics Technologies LLC ($1 loss), Alphakeys Millennium Fund LLC ($835 gain), Cargometrics Compass Fund LP ($1,950 gain), Atlas Enhanced Fund LP ($468 gain)
- DS9 Findings -- Maxwell $1M Wire: EFTA00238097: Maxwell transferred $1,000,000 from her personal savings to CargoMetrics Compass Fund LP at Bank of America (March 2016). Confirmed at EFTA00238107. Maxwell promoted the fund to UBS advisor Scott Stackman (EFTA00238074). Fund closed Dec 31, 2018 (EFTA00239490); Borgerson coordinated redemption from Tokyo through shell entities Angara/Montpelier/Temporary Cookware LLC (EFTA00239488). FBI investigation returns identify Borgerson-Cargometrics connection (EFTA00153365).
40. ALPHAKEYS MILLENNIUM FUND LLC
- Connected Persons: Maxwell/Borgerson (K-1 recipients)
41. ATLAS ENHANCED FUND LP
- Connected Persons: Maxwell/Borgerson (K-1 recipients)
42. LEDGERX (NYBX INC)
- Type: Cryptocurrency derivatives exchange
- Connected Persons: Jeffrey Epstein (investor pitch recipient)
- Function: Bitcoin/crypto derivatives platform; presented to Epstein's network
- Key Finding: Full investor pitch deck found showing Soros Fund Management, Tiger, Tudor as target customers. Seeking $30M pre-money Series B.
43. EGC CAPITAL LLC
- Connected Persons: Unknown
44. ALPHA GROUP (CAPITAL)
- Connected Persons: Deutsche Bank relationship (Davide-A Sferrazza)
- Type: Media/science publishing
- Connected Persons: Adam Bly (founder/CEO), Jeffrey Epstein, Vera Savcic (COO/CFO)
- Money Flow: 8/13/2015: JE -> Seed Media Group = $170,000 (settlement)
- DS9 Findings: Complete cap table at EFTA00730006: Common shares 5,000,000; Series A/B Preferred held by Innovium Media Properties; Wexner Children's Trust II as Series C Preferred investor ($1,360,500 / 5,212,644 shares, EFTA00730015). Forbearance agreement between Epstein and Bly (EFTA00616097): judgment against Bly in favor of Epstein. Unpaid payroll taxes across Seed Media, Science Blogs, and Planet entities.
PART III: LEON BLACK / APOLLO / ROTHSCHILD MONEY PIPELINE
EFTA00027019 Exhibit A):">Complete Documented Transaction Flow (EFTA00027019 Exhibit A):
Leon Black / Rothschild Group -> Southern Trust Company Inc:
| ------ | ------- | -------- | --------- |
| 10/15/2013 | Leon and Debra Black | $8,500,000 | DB-SDNY-0002962 |
| 12/18/2013 | Black Family Partners LP c/o Apollo Management | $10,000,000 | DB-SDNY-0003484 |
| 4/25/2014 | Leon and Debra Black | $5,000,000 | DB-SDNY-0003819 |
| 4/25/2014 | Black Family Partners LP c/o Apollo Management | $5,000,000 | DB-SDNY-0003819 |
| 4/29/2014 | Leon and Debra Black | $15,000,000 | DB-SDNY-0003819 |
| 7/15/2014 | Narrow Holdings LLC c/o Elysium Management | $20,000,000 | DB-SDNY-0004009 |
| 10/16/2014 | Leon and Debra Black | $7,000,000 | DB-SDNY-0004172 |
| 10/16/2014 | Black Family Partners LP c/o Apollo Management | $13,000,000 | DB-SDNY-0004172 |
| 10/22/2014 | Leon and Debra Black c/o Apollo Management | $2,000,000 | DB-SDNY-0004173 |
| 10/22/2014 | Black Family Partners LP c/o Apollo Management | $3,000,000 | DB-SDNY-0004173 |
| 10/13/2015 | Leon and Debra Black c/o Apollo Management | $5,000,000 | DB-SDNY-0004990 |
| 10/13/2015 | Black Family Partners LP c/o Apollo Management | $5,000,000 | DB-SDNY-0004990 |
| 10/14/2015 | BV70 LLC | $10,000,000 | DB-SDNY-0004999 |
| 12/17/2015 | Edmond de Rothschild (truncated) | Unknown | -- |
TOTAL DOCUMENTED: $108,500,000+ (Black/Apollo) + $20,000,000 (Narrow Holdings/Elysium)
Key Entities in Pipeline:
- BLACK FAMILY PARTNERS LP -- Leon Black's family investment vehicle, routed through Apollo Management
- NARROW HOLDINGS LLC c/o ELYSIUM MANAGEMENT -- $20M payment on 7/15/2014 to Southern Trust
- ELYSIUM MANAGEMENT LLC -- Connected to Black; has "RELATIONSHIP" with "WANEK TRUST OF 2000" (EFTA01477330)
- BV70 LLC -- $10M to Gratitude America on 10/14/2015
- EDMOND DE ROTHSCHILD -- Payment on 12/17/2015 (amount truncated)
EFTA02730996):">Apollo Conflicts Committee Finding (EFTA02730996):
"Black did not pay Epstein in 2016. In April 2017, he made a final payment to Epstein of $8 million, which appears to be attributable to certain tax advisory and compliance services provided by Epstein. From 2013 through 2017, Black was under the misconception that his payments to Epstein would be tax deductible ('sixty cent dollars') because this is what Epstein had told Black."
EFTA00027019 Exhibit D)">PART IV: HAZE TRUST MONEY FLOWS (EFTA00027019 Exhibit D)
The Haze Trust operated as a major art liquidation and redistribution vehicle:
| 3/10/2017 | Haze Trust Brokerage | Haze Trust Checking | $36,000,000 |
| 3/10/2017 | Haze Trust Checking | Haze Trust DBAGNY | $35,999,000 |
| 3/27/2017 | Haze Trust DBAGNY | Plan D LLC Checking | $15,000,000 |
| 6/19/2017 | Christie's Inc | Haze Trust Checking | $7,725,000 |
| 9/25/2017 | Sotheby's | Haze Trust Checking | $11,536,544 |
| 9/26/2017 | Haze Trust Checking | Haze Trust DBAGNY | $15,000,000 |
| 10/24/2017 | Sotheby's | Haze Trust Checking | $11,249,417 |
| 10/26/2017 | Haze Trust Checking | Haze Trust DBAGNY | $13,000,000 |
| 6/22/2018 | Haze Trust DBAGNY | Southern Financial LLC | $9,000,000 |
| 8/20/2018 | Haze Trust DBAGNY | Southern Financial LLC | $5,000,000 |
| 9/17/2018 | Haze Trust DBAGNY | Southern Financial LLC DBAGNY | $5,000,000 |
| 9/28/2018 | Haze Trust DBAGNY | Southern Financial LLC | $8,000,000 |
| 10/1/2018 | Haze Trust DBAGNY | Southern Trust Company | $10,000,000 |
| 10/24/2018 | Haze Trust DBAGNY | Southern Financial LLC | $5,000,000 |
| 11/20/2018 | Haze Trust Checking | Southern Financial LLC | $2,500,000 |
Haze Trust balance on 08/17/18: $40,583,100.79 (D account)
Haze Trust balance on 06/21/18: $49,460,098.13 (D account)
Key Finding: The Haze Trust was being liquidated through Christie's and Sotheby's art sales, with proceeds distributed to Southern Financial LLC and Southern Trust Company -- totaling $44,500,000+ in 2018 alone.
EFTA00027019 Exhibit E)">PART V: GRATITUDE AMERICA CHARITABLE FUND FLOWS (EFTA00027019 Exhibit E)
Recipients of Gratitude America MMDA funds:
| Recipient | Multiple Payments | Purpose |
| ----------- | ------------------ | --------- |
| Bruce and Marsha Moskowitz Foundation | $50K (1/7/16), $50K (7/12/16), $50K (12/6/17) | Charitable grants |
| Melanoma Research Alliance Foundation | $225,000 (1/29/16) | Charitable grant |
| First Bank of Puerto Rico | Multiple transfers (1/21/16, 4/6/16, 12/11/17) | Banking transfers |
| Morgan Stanley / Citibank | $5M (3/2/16), Multiple | Investment transfers |
| Cancer Research Wellness Institute | $25,000 (2/28/18) | Charitable grant |
| NPO Baleto Teatras | $18,493 (4/2/18) | Lithuanian ballet company |
| VSJ Baleto Teatra | $10,000 (9/17/18) | Lithuanian ballet company |
| Gratitude America Checking | Multiple large transfers | Internal redistribution |
BV70 LLC -> Gratitude America: $10,000,000 (10/14/2015)
PART VI: ADDITIONAL PAYMENT RECIPIENTS (Exhibit C - NOW Account Payees)
Previously unmapped individuals/entities receiving payments from Epstein NOW accounts:
| Recipient | Total Documented | Period |
| ----------- | ----------------- | -------- |
| Adam Bly (Seed Media/Science) | $145,484+ | 2014-2015 |
| Michelle Saipher / Darren Indyke | $1,223,000 | May 2014 |
| Barry Jay Josephson (Producer) | $200,000 | Nov 2013 |
| Island Global Yachting LTD | $292,655 | May 2014 |
| David J Mitchell (Mitchell Holdings) | $419,500+ | Oct 2018-Apr 2019 |
| Link Rockenbach P.A. (Law firm) | $3,000,000 | Oct 2018 |
| Stone & Magnanini LLP (Law firm) | $1,000,000 | Oct 2015 |
| Kellerhals Ferguson Kroblin PLLC | $23,075,000 | Nov 2015-Feb 2016 |
| Gol Muchnik | $500,000 | Apr 2016 |
| AIC Title Agency | $2,000,000 | Jul 2015 |
| Joichi Ito | $1,233,916+ | 2014-2015 |
| Delson International Inc | $50,000 | Oct 2016 |
| Scott Graf | Multiple via Firstbank PR | 2009 |
CRITICAL FINDING: Kellerhals Ferguson Kroblin PLLC
- Received $23,000,000 on 11/13/2015 and $75,000 on 2/2/2016
- Erika A. Kellerhals is identified as a Successor Trustee in Epstein trust documents (EFTA01282292)
- Connected to trust administration for multiple Epstein entities
PART VII: ACCOUNT STRUCTURE MAP (RM CODE 82289)
JPMorgan Private Bank Accounts (consolidated from balance sheets):
Active as of 08/17/2018:
| -------- | ---------- | --------- |
| Jeffrey Epstein (personal) | N | $1,243,515.74 |
| Southern Financial LLC | D | $376,315.00 |
| Darren K. Indyke PLLC | D | $259,740.02 |
| HBRK Associates Inc | D | $149,498.33 |
| Gratitude America Ltd | N | $2,075,025.07 |
| Zorro Management LLC | O | $424,475.56 |
| The Haze Trust | D | $2,503,667.84 |
| Southern Trust Company Inc | M | (see below) |
| Butterfly Trust | M | $704,736.63 |
| Gratitude America Ltd (2nd) | M | $323,679.36 |
| Darren K. Indyke PLLC (Atty Tr) | M | $268,350.45 |
| The Haze Trust (2nd account) | D | $40,583,100.79 |
| Southern Financial LLC (2nd) | D | $534,440.04 |
| Southern Trust Company Inc (2nd) | D | $102,917.53 |
Additional accounts from DEVANE listing (EFTA01417674):
Additional accounts identified:
- Hyperion Air LLC / Hyperion Air Inc
- JEGE Inc (separate from JEGE LLC)
- The 2007 Jeffrey E. Epstein Insurance Trust #3
- New York Strategy Group LLC
- LSJ LLC / Darren K. Indyke PLLC
- Darren K. Indyke PLLC Atty Tr Acct (Account #000000811113828)
- Terra Mar Project Inc (Maxwell)
- Air Ghislaine Inc (Maxwell)
- Freedom Air International Inc
PART VIII: PREVIOUSLY UNMAPPED BANKING RELATIONSHIPS
Deutsche Bank Infrastructure:
- DBAGNY (Deutsche Bank AG New York) -- Used for large-value transfers between Haze Trust, Southern Financial, and Southern Trust
- Deutsche Bank Securities Inc -- Brokerage for Jeepers Inc and other entities
- Deutsche Bank Trust Co. Americas (60 Wall Street) -- Custody and trust services
- Deutsche Bank Dubai -- International banking connection (EFTA01464478)
JPMorgan Chase Infrastructure:
- JPMCC / JPMCLEARING CORP -- Clearing operations (EFTA01339374)
- Confidential Treatment Requested by JPMorgan Chase -- 100+ documents with SDNY Bates numbers (JPM-SDNY-xxxxx)
Additional Banking:
- Firstbank Puerto Rico -- Extensive Fedwire activity for LSJE LLC, Southern Trust, multiple entities
- Banco Popular (Puerto Rico) -- Additional PR banking
- UBS -- 116 East 65th Street LLC loan account, Maxwell/Borgerson accounts
- Wells Fargo -- Fedwire to Zorro Development Corp (EFTA01482283)
PART IX: KEY PERSONS NOT FULLY MAPPED
Financial Operators:
Jj Litchford -- JPMorgan Primary Account Officer for ALL RM CODE 82289 accounts
Paul Morris -- JPMorgan Secondary Account Officer for ALL RM CODE 82289 accounts
Stewart Oldfield -- Deutsche Bank relationship manager; handled limit increases, account management
Bradley Gillin -- Deutsche Bank; involved in account closings, Jeepers certifications
Cynthia Rodriguez -- Deutsche Bank; debit card limit increases
Brigid Macias -- Deutsche Bank; Caterpillar Trust 2 accounts
Erika A. Kellerhals -- Successor Trustee; received $23M+ via PLLC
Michelle F. Saipher -- $1.2M+ payments through Darren Indyke
Amanda Kirby -- Epstein staff; bank communications with Indyke/Kahn
Tazia Smith -- Client relationship management
George Reenstra -- Referenced alongside Indyke/Kahn (EFTA01339374)
Wealth/Investment Network:
David J Mitchell (Mitchell Holdings LLC) -- $419,500+ payments Oct 2018-Apr 2019; email: [email protected]
Todd & Karen Wanek (JTWRO) -- Joint account at JPMorgan under same banker group; Wanek Trust of 2000 with Third Lake Capital relationship
Dominique Leimer -- JPMorgan account under same banker group
Christopher A. Boies -- JPMorgan account under same banker group
Scott Graf -- Firstbank PR wire recipient
Adam Bly -- Seed Media Group; $145K+ in payments
Barry Jay Josephson -- Producer; $200K payment
Gol Muchnik -- $500K payment
Boris Nikolic -- Bill Gates' former science advisor; extensive email correspondence with Epstein
Andrew Farkas -- Breakfast meetings with Epstein (EFTA02090214)
Jes Staley -- JPMorgan CEO; dinner meetings; extensive correspondence
Peter Mandelson -- UK politician; extensive email correspondence
Leon Botstein -- Bard College president; extensive correspondence
PART X: OFFSHORE/INTERNATIONAL CONNECTIONS
U.S. Virgin Islands Entities:
- Hyperion Air LLC (USVI limited liability company)
- Southern Trust Company Inc (USVI)
- Southern Financial LLC (USVI connection)
Bermuda:
- Freestream Aircraft (Bermuda) Limited -- Aircraft management
Rothschild Connection:
- Edmond de Rothschild -- Payment to Southern Trust (12/17/2015)
- Multiple "Rothschild [C]" confidential email threads involving Stewart Oldfield, Matt Glassman, Richard Kahn, Vahe Stepanian, Davide-A Sferrazza
Cayman Islands:
ICIJ Paradise/Panama Papers Connection:
- Multiple ICIJ investigation pages found in files (EFTA01297767-EFTA01298764) -- suggests Epstein entities were cross-referenced against offshore leaks
PART XI: FINANCIAL INSTRUMENTS
Credit Default Swaps (Southern Financial LLC):
- CDS on Federative Republic of Brazil -- Sell side, 2015-2020, A/360 day count, Spread DV01: -4,576.83
Derivatives Trading:
- Southern Financial LLC had active OTC derivatives accounts at Deutsche Bank
- "New Derivatives account" -- multiple email threads involving CRM-PWM Derivatives team
- Credit derivatives and convertible bonds onboarding for Southern Financial LLC
- "KYC Breach_SOUTHFTNANMD_Southern Financial, LLC_FFT Location" -- KYC compliance issues
LedgerX Pitch (Bitcoin Derivatives):
- Full Series B pitch deck to Epstein's network
- Target: SEF (Swap Execution Facility) + DCO (Derivatives Clearing Organization) licenses
- Customer targets: Soros Fund Management, Tiger, Tudor, Multi-strategy hedge funds, Family offices
- CFTC jurisdiction asserted; targeting $5M lead check, $30M pre-money
PART XII: SUSPICIOUS PATTERNS
1. Jeepers Inc as Liquidity Black Box
Jeepers Inc served as an opaque intermediary between Epstein's investment brokerage accounts and his operating NOW accounts. The regularity ($2M-$4M monthly) and the lack of any identifiable business purpose raise questions about whether this entity served primarily as a liquidity bridge between investment and operating accounts.
2. Haze Trust Art Liquidation Pipeline
$30M+ in art auction proceeds from Christie's and Sotheby's flowed through Haze Trust and were immediately redistributed to Southern Financial LLC -- suggesting art sales were used as a value conversion mechanism.
3. $23M Kellerhals Payment
A single $23,000,000 payment to Kellerhals Ferguson Kroblin PLLC on 11/13/2015 is extraordinary for a law firm payment and warrants investigation into what services or asset transfers this represented.
4. David Mitchell Rapid-Fire Payments
$419,500+ in payments to David J Mitchell between October 2018 and April 2019 (the months before and after Epstein's arrest) in increasingly small amounts ($125K -> $80K -> $50K -> $25K -> $14K -> $7.8K -> $5.5K -> $3K) suggests an urgent wind-down payment schedule.
5. Multiple GRAT Entities
References to "THE 2015 GRAT," "GRAT," "4 GRAT" in account listings suggest multiple Grantor Retained Annuity Trusts were used for wealth transfer -- a common tax avoidance strategy but notable for the number of such entities.
6. Blockchain Capital Returns
$15M returning from Blockchain Capital funds to the 2017 Caterpillar Trust in February 2018 represents a significant crypto/blockchain investment position that has received minimal public scrutiny.
7. Puerto Rico Banking Hub
Extensive Firstbank Puerto Rico activity for LSJE LLC, Southern Trust, and other entities suggests PR was used as a domestic tax haven nexus.
METHODOLOGY
Databases queried: 4 (primary document text database, Dataset 10 document text database, OCR text extraction database, entity relationship database)
Query categories executed:
Corporate entity keywords (LLC, Corp, Inc, Trust, Foundation, Partners, Holdings, Capital, Management, Ventures, Fund) -- 14 queries
Financial instrument keywords (wire transfer, swap, derivative, convertible, bearer, nominee, beneficiary, private placement) -- 3 queries
Offshore jurisdictions (BVI, Cayman, Jersey, Bermuda, Panama, Bahamas, etc.) -- 1 query
Law firms and registered agents -- searched within entity queries
Known Epstein attorneys (Indyke, Kahn, Lefcourt, Lefkowitz, Weinberg, Weingarten, Goldberger) -- 2 queries
Banking institutions (JPMorgan, Deutsche Bank, Credit Suisse, Goldman Sachs, Citibank, HSBC, UBS, etc.) -- 2 queries
Real estate and property (deeds, mortgages, liens, specific addresses) -- 1 query
Political money (PAC, 501c, campaign, FEC, lobbying) -- 1 query
Targeted entity searches (Jeepers, Ellmax, Cargometrics, LedgerX, etc.) -- 6 queries
Key persons and relationships (Leon Black, Wanek, Third Lake, Mitchell Holdings, etc.) -- 4 queries
Transaction exhibit deep-dives (EFTA00027019, EFTA00015937) -- 4 queries
Aircraft and aviation entities -- 1 query
Puerto Rico banking connections -- 1 query
OCR cross-referencing -- 2 queries
RM CODE 82289 balance sheet extraction -- 1 query
GRAT/Caterpillar Trust entities -- 1 query
Total primary queries: 44+
APPENDIX: ENTITY CROSS-REFERENCE INDEX
| # | Entity | Type | Status | In Original 95+ Map? |
| --- | -------- | ------ | -------- | --------------------- |
| 1 | Jeepers Inc | Shell/Brokerage | NEW FINDING | NO |
| 2 | Ellmax LLC | Shell/Consulting | NEW FINDING | NO |
| 3 | Neptune LLC | Shell/Operating | NEW FINDING | NO |
| 4 | NES LLC | Shell/Operating | NEW FINDING | NO |
| 5 | Zorro Management LLC | Shell/Property | Partially Known | YES (named) |
| 6 | Zorro Development Corp | Shell/RE Dev | NEW FINDING | NO |
| 7 | HBRK Associates Inc | Accounting firm | NEW FINDING | NO |
| 8 | 116 East 65th St LLC | RE Holding | NEW FINDING | NO |
| 9 | 118 East 65th St LLC | RE Holding | NEW FINDING | NO |
| 10 | New York Strategy Group LLC | Shell | NEW FINDING | NO |
| 11 | E Management New York LLC | Shell | NEW FINDING | NO |
| 12 | Ashley Real Estate LLC | RE Holding | NEW FINDING | NO |
| 13 | Ashley Holdings | Holding Co | NEW FINDING | NO |
| 14 | Keyhole Partners LLC | Investment | NEW FINDING | NO |
| 15 | SFL LLC | Shell | NEW FINDING | NO |
| 16 | LSJ LLC / LSJE LLC | Operating | Partially Known | YES (named) |
| 17 | 1029 LLC | Aircraft | NEW FINDING | NO |
| 18 | Shmitka Air Inc | Aircraft | NEW FINDING | NO |
| 19 | Freedom Air International Inc | Aircraft | NEW FINDING | NO |
| 20 | Air Ghislaine Inc | Aircraft | NEW FINDING | NO |
| 21 | Terra Mar Project Inc | Non-profit | Known but unmapped accts | PARTIAL |
| 22 | Max Foundation | Foundation | NEW FINDING | NO |
| 23 | Industrial Integrity Solutions LLC | Aircraft purchaser | NEW FINDING | NO |
| 24 | Flying V Aviation LLC | Aviation | NEW FINDING | NO |
| 25 | EL Rothschild LLC | Investment | NEW FINDING | NO |
| 26 | Freestream Aircraft Bermuda Ltd | Aviation | NEW FINDING | NO |
| 27 | Island Global Yachting LTD | Maritime | NEW FINDING | NO |
| 28 | Delson International Inc | Corporate | NEW FINDING | NO |
| 29 | Braven Films LLC | Film | NEW FINDING | NO |
| 30 | Avjet Corporation | Aviation | NEW FINDING | NO |
| 31 | Blockchain Capital IV LP (+ 2 funds) | Crypto VC | NEW FINDING | NO |
| 32 | Tudor Futures Fund | Hedge Fund | NEW FINDING | NO |
| 33 | Boothbay (3 fund variants) | Hedge Fund | Known but details NEW | PARTIAL |
| 34 | Neoteny 3 LP | Venture Fund | NEW FINDING | NO |
| 35 | Valar Global Fund II/III LP | Venture Fund | Known but flows NEW | PARTIAL |
| 36 | Honeycomb Ventures I LP | Venture Fund | Known but flows NEW | PARTIAL |
| 37 | Coatue Enterprises LLC | Investment | Known but flows NEW | PARTIAL |
| 38 | BPKN Client Fund | Law Firm | NEW FINDING | NO |
| 39 | Cargometrics (2 entities) | Tech/Shipping | NEW FINDING | NO |
| 40 | Alphakeys Millennium Fund LLC | Hedge Fund | NEW FINDING | NO |
| 41 | Atlas Enhanced Fund LP | Hedge Fund | NEW FINDING | NO |
| 42 | LedgerX / NYBX Inc | Crypto Exchange | NEW FINDING | NO |
| 43 | EGC Capital LLC | Investment | NEW FINDING | NO |
| 44 | Alpha Group Capital | Investment | NEW FINDING | NO |
| 45 | Seed Media Group | Media | NEW FINDING | NO |
| 46 | Black Family Partners LP | Family Office | NEW FINDING | NO |
| 47 | Elysium Management LLC | Management | Partially Known | PARTIAL |
| 48 | Narrow Holdings LLC | Holding Co | Known but $20M flow NEW | PARTIAL |
| 49 | Edmond de Rothschild | Banking | NEW FINDING | NO |
| 50 | Kellerhals Ferguson Kroblin PLLC | Law Firm | NEW FINDING | NO |
| 51 | Bruce & Marsha Moskowitz Foundation | Charity | NEW FINDING | NO |
| 52 | Melanoma Research Alliance Foundation | Charity | NEW FINDING | NO |
| 53 | Cancer Research Wellness Institute | Charity | NEW FINDING | NO |
| 54 | NPO Baleto Teatras / VSJ Baleto Teatra | Cultural | NEW FINDING | NO |
| 55 | Link Rockenbach P.A. | Law Firm | NEW FINDING | NO |
| 56 | Stone & Magnanini LLP | Law Firm | NEW FINDING | NO |
| 57 | AXCIS Information Network Inc | Tech | NEW FINDING | NO |
TOTAL NEW ENTITIES IDENTIFIED: 42 completely new, 15 with significant new details
TOTAL NEW MONEY FLOWS DOCUMENTED: $300M+
TOTAL EXHIBITS ANALYZED: 7 (Exhibits A through E from EFTA00027019)
This report represents findings from forensic document analysis only. Additional investigation of the source PDF documents may reveal further entities and connections.
DS9/DS11 REVISIT INTEGRATION (2026-02-12)
The following corrections and additions were integrated from a revisit against DS9 (531,284 pages) and DS11 (331,655 pages) in full_text_corpus.db:
Corrections Applied:
Coatue Enterprises LLC: Corrected from "Philippe Laffont" to Richard Kahn's personal shell company per GVI complaint EFTA00161836
Jeepers Inc: Jurisdiction confirmed as USVI; parent entity Financial Trust Company Inc. identified; Bear Stearns brokerage accounts pre-Deutsche Bank
Neptune LLC: Purpose, operating agreement date, JPMorgan account range, and SAR references added
New Entities/Findings Added from DS9:
- Jeepers Inc/Financial Trust Company ownership chain (EFTA00097633)
- Rothschild formal engagement letter for "risk analysis and estate planning" (EFTA00310331)
- Honeycomb counsel contacted SDNY holding Epstein-linked funds (EFTA00068100)
- Brock Pierce 2014-2017 direct correspondence, 20+ emails/calendar entries (EFTA00360441)
- Kyara Investments operating agreements confirming Ito/Epstein dual management (EFTA00584696)
- Maxwell $1M CargoMetrics wire from personal savings (EFTA00238097)
- Kellerhals as MCC visitor (July 29, 2019), will affiant (Aug 8, 2019), and USVI incorporator (EFTA00056410)
- Seed Media/Wexner Children's Trust II $3.36M investment (EFTA00730006)
- Valar Fund III complete PPM confirming Thiel as Founding Partner (EFTA00609489)
DS11 Finding:
- EFTA02622846: Epstein direct email to Richard Kahn (Sep 17, 2018): "10 k from gratitude" to VSJ Baleto Teatras in Vilnius, Lithuania via SEB bank -- confirms Epstein personally directed Gratitude America disbursements