Illegal Activity
suspicious
Blackmail
possible
Date
2019-07-30
Document Type
KYC
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This KYC document outlines the relationship between Jeffrey Epstein's Butterfly Trust and Deutsche Bank, detailing the trust's structure, beneficiaries, and financial activities. It also summarizes the due diligence performed, including database searches and risk assessments, noting some past legal issues but concluding that the accounts are acceptable.
Metadata
- Subject
- DB PWM GLOBAL KYC/NCA: PART A
- Sender
- —
- Recipients
- —
- Document ID
- 01651789
- Date
- 2019-07-30
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions that negative media pertains to court cases which have been previously approved in the above mentioned KYCs. Court Cases have been closed. This suggests past legal issues, but not necessarily ongoing illegal activity.
- Content Type
- none
Blackmail Indicators
- Likelihood
- possible
- Description
- The document mentions that the trustees have the right to add/delete beneficiaries under Article Third of the Trust agreement by an acknowledged instrument delivered to the Grantor. This could potentially be used as leverage or coercion.
Relationships 6
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Jeffrey Epstein | Grantor | Butterfly Trust | Jeffrey Epstein is the grantor of the Butterfly Trust. |
| Harry Beier | Trustee | Butterfly Trust | Harry Beier is a trustee of the Butterfly Trust. |
| Erica Kellerhals | Trustee | Butterfly Trust | Erica Kellerhals is a trustee of the Butterfly Trust. |
| Darren Indyke | Beneficiary | Butterfly Trust | Darren Indyke is a beneficiary of the Butterfly Trust. |
| Karyna Shullak | Beneficiary | Butterfly Trust | Karyna Shullak is a beneficiary of the Butterfly Trust. |
| Richard Kahn | Beneficiary | Butterfly Trust | Richard Kahn is a beneficiary of the Butterfly Trust. |
Notable Quotes 3
Jeffrey Epstein (President of Gratitude America) Is a current client of the bank and reached out to Stewart Oldfield to update the beneficiaries to his Butterfly Trust.
Epstein began his financial career in 1976 as an options trader at Bear Steams and became a partneri n 1980. In 1982, Epstein founded his own finandal management firm, J. Epstein & Co., managing the assets d clients with more than a billion in net worth.
This is an irrevocable trust set p by Jeffrey Epstein as the grantor. The the beneficiaries for the trust are being updated by the current trustees.
Red Flags 3
- The Butterfly Trust has beneficiaries being updated by the current trustees.
- Jeffrey Epstein's wealth originated from Bear Stearns and his financial management firms, including The Financial Trust Company based in the US Virgin Islands.
- Negative media pertains to a company called the Butterfly Trust in Europe, but the document claims this is not the client's trust.
Financial Information
Amounts:1,00020,00015,000,000.00 USD1,000,000.00 USD10,000,000.0050 WI • 100 MM100 MM - 500 MM5,000,000.00120,000,000.0070,000,000 004,500,000.005 MM - ICI MM
Assets:
- Checking account
- Money Market account
- Private investments
Transactions:
- Inflows and outflows per month ranging from $1,000 to $20,000
- Initial $100 given to the account to fund.
Media & Journalist References
- Negative Media: All negative media pertains to court cases which have been previously approved in the above mentioned KYCs.
Public Knowledge
- Context
- Jeffrey Epstein's financial dealings and connections are of high public interest.
- Media Worthy
- Yes
Legal Compliance
- Court case lists Harry Beller as a defendant for being chief of medical staff for Jackson Memorial Hospital. The case was settled on 6/30/1987.
- Erika Kellerhals is listed as legal counsel for several court cases, including an appeal from a decision of the bankruptcy court and a case for dissolving of marriage and property settlement.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
People 13
Organizations 12
Deutsche BankGratitude AmericaButterfly TrustWMorganSouthern Financial LLCBear StearnsJ. Epstein & Co.The Financial Trust CompanyHUNK Associates, IncKenerhals Ferguson Kroblin PLLCJPMorganJackson Memorial Hospital
Locations 11
New YorkLittle Saint James Saint ThomasUSVIUSA6100 Red Hook Quarter 93 St. Thaws 00802Island of St. ThomasUS Virgin Islands2 Kean Court, Livingston, NJ 07039301 East 66th Street, New York, NY 10065130 East 75th Street, New York, NY 10021Europe
Financial Entities 2
Deutsche BankJPM
Text Analysis
- Tone
- Professional
- Purpose
- To establish a KYC profile for Jeffrey Epstein's Butterfly Trust and its associated accounts at Deutsche Bank.
- Significance
- This document provides insight into the financial relationships and due diligence performed by Deutsche Bank on Jeffrey Epstein and his trust.
File Info
- File Name
- EFTA01284072.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:17.029590
- DOJ Source
- View on DOJ