Government of the United States Virgin Islands v. JPMorgan Chase Bank, N.A., No. 122-cv-10904 (S.D.N.Y. 2022)/326-137.pdf

EXHIBIT 137 Case 1:22-cv-10904-JSR Document 326-137 Filed 09/08/23 Page 1 of 4 Case 1:22-cv-10904-JSR Document 326-137 Filed 09/08/23 Page 2 of 4 Rapid Response Team January 7, 2011 Existing Client -Jeffrey Epstein (Follow-up Rapid Response Mtg.) Private Banker-Paul Morris - 212 464-0701 Senior Manager - Mary Casey-212 464-0374 Nature of Existing Relationship The Epstein relationship, which includes accounts for his personal investment company - Financial Trust Company, mainly consists of banking and asset accounts with balances totaling approximately $112.4 million. I EMBED AcroExch.Document. 7 During the period of March 2010 to December 2010, there were eight large cash withdrawals totaling $240,000 where Currency Transaction Reports were filed. Source of Wealth Jeffrey Epstein is a money manager for wealthy individuals. Press articles indicate that he owns what is said to be the Manhattan's largest private house and runs his business from a 100 acre private island in St. Thomas. Recent Excerpts from press • The Palm Beach Post 8/1/10 Epstein may be under new sex crime scrutiny from feds Authorities may not be done with billionaire sexual deviant Jeffrey Epstein after all. Epstein, 57, who recently fulfilled all the requirements of his slap-on-the-wrist sentence may be under investigation for other sex crimes, including child trafficking. And this time, Epstein would be facing the federal es --and 20 years in prison! According to the news website The Daily Beast, the feds are also checking whether a modeling agency run by a friend of the Wall Street investor Epstein fed his appetite for underage foreign girls. Epstein was known to fly young women from Eastern Europe to Palm Beach, where they'd massage him, among other services. Because of double jeopardy rules, Epstein --now a registered Florida sex offender --can never be prosecuted again for crimes covered by the state charges. He pleaded guilty to felony solicitation of prostitution and procuring a person under 18 for prostitution, also a felony. Child trafficking, however, would offer two advantages to federal prosecutors: The charge would not be covered by double jeopardy; and there's no statute oflimitations [ EMBED AcroExch.Document.7 ] Palm Beach Daily News 7/18/10 House arrest nears home stretch for Epstein Palm Beach billionaire sex offender Jeffrey Epstein will be a free man when his year of probation ends Wednesday for sex crimes he committed against under-aged girls. CONFIDENTIAL -ATTORl~EY CLIENT PRIV ALEDGE Confidential JPM-SDNYLIT-00127930 Case 1:22-cv-10904-JSR Document 326-137 Filed 09/08/23 Page 3 of 4 Epstein has settled more than hvo dozen lawsuil'> and c laims against him by teen-agers wbo say they were lured to his Palm Beach mansion to give him sexually charged massages and/or sex in exchange for money. T he terms of all settlements are confidential. The man described as a brilliant mon ey manager and mathematician walks away with a lifelong label -- registered sex offender. From t he deal he struck with state and federal prosecutors to his liberal probation, the word "unusual" is often used by those familiar with sex offender crimes to describe Epstein's case. A secret deal with federal prosecutors revealed Epstein could have been charged with multiple federal counts of sexual exploitation of minors, resulting in much harsher penalties. But the feds deferred to two state charges that got him an 1 8-month sentence. Serving 13 months, segregated in a vacant wing of the county stockade, Epstein was let out on work release six days a week for up to 16 hours a day. Palm Beach Daily News 9/19/10 Woman sues Epstein for $50 M, alleging abuse as teen A new federal lawsuit filed Friday against billionaire sex offender Jeffrey Epstein asks for more than $50 million in damages for a woman who alle es repeated sexual abuse by Epstein at his El B1illo Way mansion when she was 16. The victim, alleges she was coerced in.to prostitution as a minor by Epstein, assisted by his employee llllalleges Epstein has transfened and is transfening his assets overseas and elsewhere to conceal them from her and to prevent -from obtaining those assets in any judgment she may receive against him. She is asking Epstein to post a $15 million bond to satisfy a potential j udgment in the case. I n addition, she wants an accounting of his "significant financial a ssets," an injunction against him transferring his assets elsewhere and the appointment of a receiver to take charge of his assets. Prior Rapid Response information Derogatory Information originally reported by Security Services (September, 2006) The fo llowing derogatory informati on was identified by Security Services withjn related entity DDRs fo r Jeffrey Epstein: • Several newspap er articles were found that detail the indictment of Jeffrey Epstein in Flor ida on fe lony charges of soliciting underage prostitutes. Deroglitory Information Upllate -July 2008 On Ju ly 3, 2008, Jeffrey Epstein was sentenced to 12 months in j ail for solicitation of a prostitute and six months for procuring a person under age 18 for prostitution. His jail sentence will be followed by 12 months of house a1Test. [ EMBED AcroExch.Document.7 ][ EMBED AcroExch.Document.7 ] Conclusion from 1 st Rapid Response Meeting of 10/17/06 CONFIDENTIAL -ATTORN'EY CLIENT PRIV ALEDGE Confide ntial JPM-SDNYLIT-00127931 Case 1:22-cv-10904-JSR Document 326-137 Filed 09/08/23 Page 4 of 4 After internal discussions with Jes Staley, Mary Erdoes, Catherine Keating, John Duffy and Mary Casey, it was decided that we will keep Mr. Epstein solely as a banking client and on a 'reactive', client service basis. We will not proactively solicit new investment business from him. Conclusion from follow-up Rapid Response of 7 /15/08: No change to relationship approach. Conclusion from follow-up Rapid Response of 1/07/11: Further meetings held with Jes Staley to discuss LOB decision for re-approval. Banker Paul Morris spoke with Mr. Epstein with regard oflarge cash withdrawals. Mr. Epstein withdraws anywhere from $20K to $40K in cash to pay for fuel expenses when he travels to foreign countries. Banker Paul Morris was instructed by the Committee to update the entity KYC which holds the operating account for Mr. Epstein's personal airplane, Hyperion, to document the purpose of the cash withdrawals. Further, Paul Morris informed Mr. Epstein that the SBLC would not be renewed. Mr. Epstein will continue to be a banking only client. CONFIDENTIAL -ATTORl~EY CLIENT PRIV ALEDGE Confidential JPM-SDNYLIT-00127932