Government of the United States Virgin Islands v. JPMorgan Chase Bank, N.A., No. 122-cv-10904 (S.D.N.Y. 2022)/238-41.pdf

EXHIBIT 66 Case 1:22-cv-10904-JSR Document 238-41 Filed 07/25/23 Page 1 of 4 Case 1:22-cv-10904-JSR Document 238-41 Filed 07/25/23 Page 2 of 4 From: Sent: To: CC: Subject: Attachments: W- Ryan, Maryanne X [maryanne.x.ryan@jpmchase.com] 1/14/ 2011 2:43:08 AM Langford, William D [william.d.langford@jpmchase.com] Deluca, Phillip A (phillip.a.deluca@jpmchase.com] FW: Jeff Epstein Epstein - Term Sheet 07 _2010.DOC I have spent the better part of these past few days digging back into various accounts, concentrating on wire activity. The loan referenced by the banker is actually a stand by Letter of credit is in t he name of Jeffrey Epst ei n for $1mm ($1mm o/s) to backstop a loan from Mellon United Nationa l (Miami sub of BNY Mellon) to MC2 Models Management, LLC. The beneficiary is Mellon united National Bank. The Letter of credit is set to expire 4/ 14/ 2011. some other interesting finds but no smoking guns were; 1 . He sponsored i n the PB in Feb 2004, the opening of ODA accounts and a cc for two 18 year olds (turned 19 days later) that appear to be part of his inner entourage. one is mentioned in many of the recaps of the escapades as a willing participant and assistant when hosting visitors. She has received about 450,000 since opening from Epstein. she also has an account in JPMS with his Bear broker. The other has received substantially less . Both can be put in Pal m Beach during 2004, by way of debit charges, which was when most allegations were from. The willing participant had some lovel y debi t charges and spends a good deal at spa establishments. He did pay other girls, many models no huge amounts. Sugar Daddy! 2. His foundation account did pay donations to t he Palm Beac h Police Dept as reported just before t he case s tarted. This same foundation account did pay monies direct to model s and payments direct to specialty schools ( massage, culinary) and university's on behalf of models/aspiring actresses. Nothing was astronomical . 3 . His business accounts Fiduciary we saw no client activity. I know his biggest client, wexner parted ways when he was convicted. Hi s DOR say he manages a few private clients money but never says who. I would like to know if in fact he is managing anyone's money at this point or i s it all his money. we saw no evidence of disbursements even in the rocky years 08-09. when the well to do were running to their mattresses, he did not have any distributions from his accounts at Bear or JP. He does have money at other institutions so maybe it happened there. ( I will send you an interesting reading that makes me wonder whose money it i s ) 4. He wired at least 12 mi l to his local Palm Beach bank account since 2004. That account probably holds t he key. I would l ike to know if Jes knows who his clients are and what his accounts here at JP and JPMS represent. see my next email . Regard s, Maryanne Ryan, Vice President, AML Operations I JPMorgan chase Bank, N.A. I Legal and compliance Department I I 194 wood Avenue South, Floor 4 , Ise 1 in, NJ 08830-2710 I I w: 732. 452. 8071 - ----original Message----- From: Dalessio, James s ent : Thursday, January 13, 2011 1:43 PM To: Ryan, Maryanne X Cc: Mccleerey, Kevin subject: FW: Jeff Epstein Hi Maryanne, Just received f rom Banker Regards Jim -----Original Message----- From: Morris, Paul V Sent: Thursday, January 13, 2011 1:16 PM To: Dalessio, James cc: Casey, Mar y c Subject: FW: J eff Epst e i n Confidentia l JPM-SDNYLIT-00152804 Case 1:22-cv-10904-JSR Document 238-41 Filed 07/25/23 Page 3 of 4 Jim, FYI, expires in april, I believe this has been extended for a year each of the last two years. Let me know if you want to discuss. Thanks -----original Message----- From: James, Shari R sent: Thursday, January 13, 2011 12:47 PM To: Morris, Paul V Cc: Lay, James subject: RE: Jeff Epstein Hi Paul' The Stand by Letter of credit is in the name of Jeffrey Epstein for Slmm (Slmm o/s) to backstop a loan from Mellon to MC2 Models Management, LLC. The beneficiary is Mellon United National Bank. The Letter of credit is set to expire 4/14/2011. Do you know if they would like to extend the expiry date of the LC? I have attached the most recent credit Approval Memo for your reference. Is there anything that you would like me to look into on my end? Thanks, Shari Shari James I Associate I The Private Bank at J.P. Morgan I 270 Park Avenue, Floor 17, New York, NY 10017 IT: 212-464-2680 I F: 212-464-25311 shari.r.james@jpmorgan.com Confidential JPM-SDNYLIT-00152805 I j Case 1:22-cv-10904-JSR Document 238-41 Filed 07/25/23 Page 4 of 4 I I • Summary of Indicative Terms and Conditions For INTERNAL purposes only. ACTION REQUEST, • Annual Review of SBLC # T-625041 i/n/ o Jeffrey Epstein • Update review date to be July 31, 2011 • SRGT # 202883 Date: Julv 17. 2010 Banker: Paul Manis / Marv Casev Region: Closely Held Business CLT Lender: Keith Straw Capital Advisor. Paul LaHiff ~ Tam Desai ;~~;,i.:li·,.·. ,i-(, if'*'··,.,.,.,,115-: <'.r <ii¼®tt¥'!tt".ti?:fil-,{Y<:@i> 1 ··_-~ llllll£,~r:(1tt1*-1ttt1f:ml1t 1 ·'¾ttf101c1£1 1 -!l~-:-.. --{'.l4•:z:;1~-~1·-,; - ~Pll?~. :. · -~J,:8Jb ·-:t~ca;:riielf:H __ .1'.23' : 4btdlh+@id\ti '.t:;~filtt~i;thfTm~ "'\ithktt6fdfa?llt -.: SBLC #T-625041 Amount: $1 000 000.00 1$1 000 000.00 o/sl Total MEA: $56,000,000 Beneficiary: Mellon United National Bank 1111 Brickell Ave, 30th Fl Miami.FL 33131 L/C Fee Commission: $5,000 flat payable in arrears Issuance: $350 flat Amendment $150 flat Autorenewal: $150 flat Account to Charge AUTO-DEBIT A/C # 739110438 Issuance Date: 4 8/05 Current Expiry: 4 14 2011 Final to:vnjru; 4 14 2011 Next Review Date: 7 31 2011 Guarantor: N A Collateral Account Nrune: FINANCIAL TRUST COMPANY INC Collateral Account Number: Q78B05001 Collateral Description: 100% Cash and Short-Tenn MV:$1.98MM MLV:$1.94MM Default Grade I Oblie:or Grade: 5 INC\ I 5 INCi LGD Bucket: 0.1% Facilitv Grade: l+ Pu....,ose: To backstoo loan from Mellon to MC2 Models Manaizement, LLC PrimeYV Industty: Individual Secondarv Indusn-v: Individual 999940 Indus'"""' Division: Private Household 814110 Repayment - Timing and Source: - Cash flow - Liquidation of collateral Documents L/C Annlication, Collatera1 Agreement fdtd 3/30/061 Lei;ral Review: N/A Credit Bureau Score: N/A Govemine: Law State of New York Additional Background / As per the DOR: Comments Summary Of Jeffrey Epstein is an existing client of PB, In years past:1 he Findings: was an active brokerage client. Formerly, Jeffrey Epstein was a money manager for high net worth individuals, most notably Leslie Wexner. Wexner was a JPM client and then retained Epstein as his advisor in the late 90s, Mr, Wexner terminated his relationship with Epstein in 02/2008, Mr. Epstein is well known to several JPM PB employees and to Jes Staley., Mr. Epstein was convicted of a felony charge in 2008 and was to serve on 18-month prison sentence, Jes Staley conferred with Stephen Cutler and the decision was made to keep Mr. Epstein as a client. 6-18-10: Mr. Epstein is currently serving out his house arrest. Our view is that Mr. Epstein has served his time and completing his duties to society, We are assessing the situation closely and monitoring the occassional news stories regarding Mr. Epstein and civil lawsuits. Mr. Epstein is managing his own personal wealth. Confidential JPM-SDNYLIT-00152806