account_tree

finance

Bear Stearns & the Shell Architecture

$65M in Bear Stearns flows, $45.5M/month Deutsche Bank throughput, and the Leon Black pipeline

segment 5 Sections

description 21 Documents

link 2 Sources

Bear Stearns Origins

Epstein joined Bear Stearns in 1976 and founded the options trading group. $65.2M in documented flows through Bear Stearns entities, peaking in 2008 — the year the firm collapsed. $18.3M in Maxwell-connected transfers (1999). $8M/year hedge fund introduction fees from Highbridge Capital.

folder_open Bear Stearns financial records

Options group founding; $65.2M flows; Maxwell transfers; Highbridge fees

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The USVI Shell Companies

Southern Trust Company ($88M balance), Southern Financial LLC, Financial Trust Company (Epstein: "Chairman"), Plan D LLC, NYSG LLC, Gratitude America Ltd, Elysium LLC, BV70 LLC, HBRK Associates — a constellation of entities with specific functions in the money flow architecture.

folder_open Shell company incorporation and KYC

USVI entity formation; banking setup; compliance documentation

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Deutsche Bank RM 81851

All Epstein entities consolidated under a single Deutsche Bank relationship manager code: RM 81851. Monthly throughput: $45.5M. The bank processed hundreds of transactions that should have raised red flags. Deutsche Bank paid $75M in 2023 to settle claims by Epstein's accusers.

folder_open Deutsche Bank correspondence

Large withdrawals; currency transactions; consolidated relationship documentation

EFTA01454284 NUCLEAR DB daily deposit report: Leon Black's TWO accounts co-managed under SAME RM code (81851) as ALL Epstein entities

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EFTA01357173 NUCLEAR DB AML inquiry: $22.5M wire from BV70 LLC (Black's yacht) to Plan D LLC (Epstein) — 'Mr. Black is a client of Mr. Epstein'

The Leon Black Pipeline ($158M)

Apollo Global co-founder Leon Black paid Epstein $158M (2012-2017) through BV70 and Elysium. Dechert LLP investigation found "no written contract." Payments were for alleged tax and estate planning. Black resigned as Apollo chairman in March 2021.

folder_open Leon Black / Apollo documents

Dechert investigation report; BV70/Elysium transfers; AML inquiry; Black correspondence

EFTA01548363 NUCLEAR $15M wire from Leon D Black to Southern Trust Company

EFTA01548378 NUCLEAR $16.5M wire from Leon D Black to Southern Trust Company

EFTA01285032 CRITICAL $20M wire: Elysium Management (445 Park Ave = Apollo HQ) → Epstein, Jul 15, 2014

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EFTA01385848 NUCLEAR Richard Kahn (HBRK/Epstein) confirms to DB: BV70 LLC owned by Black, 'purpose of wire was fees', 'another 8-10mm expected'

EFTA01360986 NUCLEAR DB AML follow-up catches contradiction: Plan D account for 'airplanes' but BV70 owns Black's 'yacht' — 'How do these correlate?'

EFTA01369985 NUCLEAR DB 2018 Account Planning for Elysium Management: 'referred by Jeffrey Epstein who helped Leon set up his family office'

EFTA01790336 NUCLEAR Dlugash (@epstein.com) asks JE about Black's 1040 address — "c/o Elysium 445 Park" or home?

EFTA01448370 NUCLEAR Deutsche Bank $500M lending memo for Black — sent to "Black's team (Jeffrey Epstein and Eileen Alexanderson)"

EFTA01741540 NUCLEAR SMOKING GUN: "Leon gave me the go to wire funds to you" — Eileen confirms wire to Financial Trust, Paul Weiss agreement UNSEEN by Epstein

FX Trading ($1.17B Notional)

Epstein's Deutsche Bank accounts processed $1.17B in notional FX trading. The single largest trade: an $875M Japanese Yen position. Currency pairs included USD/JPY, EUR/USD, USD/ZAR, EUR/ZAR — volume normally reserved for institutional investors and sovereign wealth funds.

folder_open FX trading records

Currency transaction correspondence; correlation swap proposals; cross-pair trading

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link External Sources

language

Web NYT

Leon Black Paid Epstein $158 Million

Leon Black / Apollo investigation reporting

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language

Web Reuters

Deutsche Bank Pays $75M Settlement

Deutsche Bank settlement with Epstein accusers

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