Re: Epstein - ne ative media <u>[I] [C]t</u>
Kim,
This just surfaced in our latest KYC reviews. Let's discuss what info I need from the client and then next steps. Thanks
http://www.classactionsreporter.com/sites/default/files/-towers_ponzi_scheme_complaint.pdf
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Stewart Oldfield, CFA, CAIA
Director
Deutsche Bank Trust Company Americas
Deutsche Bank Wealth Management
345 Park Avenue, New York, NY 10154
Tel.
Mobil
Email
Securities offered through Deutsche Bank Securities Inc.
EFTA01430930
Classification: For internal use only
Was this returned as an RDC alert — or part of the regular Lexis/Nexis due diligence?
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Kimberly Hart
Managing Director I Divisional Control Officer
Wealth Management Americas
Deutsche Bank Trust Company Americas
345 Park Avenue, 14th floor, New York, NY 10154
Tel.
Fax
Mobi
Emai
Securities offered through Deutsche Bank Securities Inc.
Classification: For internal use only
Hi Kim,
AML Compliance (Yoonsun) has requested that we receive your approval to move forward on all Southern Financial/Epstein KYC remediation's.
As per your discussions with Stew regarding the latest lawsuit against Jeffrey, please find the attached 'Notice of Dismissal' dated 10/5/18.
As this occurred after your approval on 10/2/17, please confirm again that we are comfortable moving forward.
Thank You,
Rich
Richard Iarossi
Assistant Vice President
Deutsche Bank Wealth Management
345 Park Avenue, 24th Floor
New York, NY 10154
Securities offered through Deutsche Bank Securities Inc.
EFTA01430928
I have more info as outlined below based on a conversation with Jeffrey's lawyer.
Andrew — please confirm that you remain comfortable with the business risk here.
Kim — please forward as necessary
Summary of situation:
This was a frivolous lawsuit that was quickly withdrawn by the plaintiff attorneys upon response from Epstein's lawyers.
The person ultimately behind the lawsuit was Steven Hoffenberg, who was convicted of fraud and served a long jail sentence.
Hoffenberg was called "unstable" and "manic" by the judge that sentenced him. He repeatedly filed lawsuits against the government from jail and against other people (including his lawyers), all of which were dismissed.
He convinced the plaintiffs to file this suit as a class action. That way Hoffenberg wouldn't be the plaintiff himself.
The original matter here was thoroughly investigated by the SEC and others and Hoffenberg was the only person deemed to have been involved.
If you Google Hoffenberg, it's easy to find the full history here. I think we should accept this matter as closed on our side.
Thanks
EFTA01430927
Classification: Confidential
Based on the below I approve continuing this relationship
Regards,
Andrew Gallivan
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Andrew Gallivan
Deutsche Bank Trust Company Americas
345 Park Avenue, 10154-0004 New York, NY, USA
Tel.
Fax +
Mobil
Email
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Classification: Confidential
Yoonsun/Mayur -
I received the below email from Andrew Gallivan confirming his comfort with continuing the Epstein relationship. I do not see any new allegations that have not been previously considered and risk accepted. The recent lawsuit appears to be unfounded and was promptly withdrawn. Please let me know if you are seeing something additional that should be considered and escalated. Otherwise, I think that we can proceed based on the previous clearance.
Regards,
Kim
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Kimberly Hart
Managing Director I Divisional Control Officer
Wealth Management Americas
Deutsche Bank Trust Company Americas
345 Park Avenue, 14th floor, New York, NY 10154
Tel. ██████████████████████
Fax +██████████████████████
Mobil██████████████████████
Email██████████████████████
Securities offered through Deutsche Bank Securities Inc.
EFTA01430925
Took an empire. Onward and upward.