Government of the United States Virgin Islands v. JPMorgan Chase Bank, N.A., No. 122-cv-10904 (S.D.N.Y. 2022)/285-19.pdf

EXHIBIT 85 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 1 of 7 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 2 of 7 From: Sent: To: Duffy, John R [john.r.duffy@jpmorgan.com] 3/28/2012 7:16:29 PM Perry, Bonnie K [bonnie.k.perry@jpmorgan.com] CC: McCleerey, Kevin [Kevin.McCleerey@jpmorgan.com]; Dalessio, James [James.Dalessio@jpmorgan.com]; Conlin, Pat [pat.conlin@jpmorgan.com]; Verdon, Anne E [Anne.Verdon@chase.com] Subject: RE: KYC Approval Requested for High Risk Clients Thx. This is approved for now. John R Duffy Chief Executive Officer U.S. Private Bank JP Morgan 270 Park Avenw:i New Yock, NY 10017 Tel: 212-464-:IA68 john. r .d uffy(!]J j pen o tga n.com From: Perry, Bonnie K Sent: Wednesday, March 28, 2012 3:07 PM To: Duffy, John R Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat; Verdon, Anne E Subject: RE: KYC Approval Requested for High Risk Clients John - I agree and will have the banker update the Hyperion Air KYC to document: the cash withdrawals and flag as high risk. From: Duffy, John R Sent: Wednesday, March 28, 2012 9: 12 AM To: Perry, Bonnie K Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat; Verdon, Anne E Subject: RE: KYC Approval Requested for High Risk Clients This is a better fact pattern than I thought. .JE and I spoke about his pattern of cash withdrawals. His answer was "fuel payments in foreign countries". Some of the countries were OFAC listed. Sounds like I still need to speak with him, however I did ask him to withdraw this cash from his aviation account for these payments. Clearly he is doing this. Perhaps the best next step is for us to speak with Harry, who we know, and ask Harry about the cash withdrawals. Agree'? Concerns'? John R Duffy Chief Executive Officer U.S. Private [?ank JP Morgan 270 Park Avenw:i New York, NY 10017 Tel: 212-464-:IA68 iohn.r.duffy@ipmorgan.com From: Perry, Bonnie K Sent: Wednesday, March 28, 2012 9:48 AM To: Duffy, John R Confidential JPM-SDNYLIT-00230825 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 3 of 7 Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: RE: KYC Approval Requested for High Risk Clients John - I conducted a deeper dive last night. The original cash report I ran was off of Jeffrey Epstein's SSN. Previously cash was taken from his personal accounts, which was why I only got the 2/21. hiL That CTR was filed under his SSN. The rest of the cash has been filed under one of Jeffrey Epstein's non-individual entities TIN, Hyperion Air Inc., or in one instance on the SSN of Harry Beller who is an authorized signer on the Hyperion Air Inc account. All of the cash is being taken from the account associated with "Hyperion Air Inc.". Per the DOR Hyperion Air is an entity that holds Jeffrey Epstein's personal airplane. I looked at all other checks written against the account and they appear to be legitimately related to fees etc. associated to an aircraft In summary checks were written for "cash" on the following days out of the Hyperion Air Inc. account. Typically $100k is transferred into the account from Jeffrey Epstein's personal ODA 1. or 2. days prior to checks written for cash. All of the checks are signed and cashed by Harry Beller: 8/5/1.1. - $40k 10/6/11 ·• $30k 1.2/13/:l.l - $30k 2./21/2.012 - $30k 3/19/12 ·• $30k Regards, Bonnie From: Duffy, John R Sent: Tuesday, March 27, 2012 5:25 PM To: Perry, Bonnie K Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: Re: KYC Approval Requested for High Risk Clients Ok. Wish there were none. We'll revisiL John R. Duffy J.P. Morgan CEO, U.S. Private Bank 270 Park Avenue New York, NY 10017 Tel: 2:l.2-464-1468 Email: iohn.r.duffy@ipmorgan.com J.P. Morgan Securities IJ.C From: Perry, Bonnie K Sent: Tuesday, March 27, 2012 06:03 PM Confidential JPM-SDNYLIT-00230826 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 4 of 7 To: Duffy, John R Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: RE: KYC Approval Requested for High Risk Clients Hi John - I ran a cash activity report between August 1, 201:l. and March 1, 2012 and found that there has only been one cash w/d during that timeframe for $30k on 2/21/2012. Let me know if you need further information. Regards, Bonnie From: Duffy, John R Sent: Friday, March 23, 2012 4:38 PM To: Perry, Bonnie K Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: Re: KYC Approval Requested for High Risk Clients Approved except for Epstein. Acct. Can we please review the cash withdrawal activity for his entities? Thx. John R. Duffy J.P. Morgan CEO, U.S. Private Bank 2.70 Park Avenue New York, NY 10017 Tel: 212--464--1468 Email: iohn.r.duffy@ipmorgan.com J.P. Morgan Securities i . .l.C From: Perry, Bonnie K Sent: Friday, March 23, 2012 02:41 PM To: Duffy, John R Cc: McCleerey, Kevin; Dalessio, James; Conlin, Pat Subject: KYC Approval Requested for High Risk Clients Hi John, Below are high risk PB client KYCs that require your approval. The list includes (2) Existing Client undergoing annual review and (7) Existing relationship clients flagged as high risk. Please note that the below clients have undergone a review by Risk Management and are considered ok for approval. If you have further questions, please let me know. Regards, Confidential JPM-SDNYLIT-00230827 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 5 of 7 Bonnie I. Existing High Risk Client - Undergoing Annual Review (2} II. Existing Client Relationship -Recently Flagged as High Risk (7) Neptune LLC -This is an entity established by Jeffrey Epstein to hold household accounts to pay expenses, upkeep and maintenance for a home he owns in Palm Beach. In 2009, Mr. Epstein pied guilty and was convicted of a felony charge and served 13 months of his 18 month sentence. Mr. Epstein signed a federal non-prosecution agreement under which he would not be charged with related federal crimes if he successfully served out his time and abided by the conditions Confidential JPM-SDNYLIT-00230828 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 6 of 7 under the state charges. He also waived his right to contest liability and damages in civil lawsuits by 33 minor girls identified by the non-prosecution agreement. • Banker - Paul Morris • High Risk Category - Reputational - Convicted Felon • Jeffrey Epstein is the decision maker of the relationship with a current AUM is $108.6MM. There is one DDA for this entity that contains $116K. • Client established in PB in 1993. • Region Manager Approval, Marc Sheridan • Derogatory information is summarized above. Confidential JPM-SDNYLIT-00230829 Case 1:22-cv-10904-JSR Document 285-19 Filed 08/15/23 Page 7 of 7 Confidential JPM-SDNYLIT-00230830