Narrative 17 — Epstein Forensic Finance Project
One-Way Money
481 wires. $558 million (Unverified). 228 entities across Deutsche Bank, JPMorgan, Citibank, Bank of America, and BNY Mellon. Deutsche Bank's five SAR exhibits map to five functional layers of a financial architecture that absorbed $272 million (Unverified) from external sources and can account for only $63 million (Unverified) leaving it.
$558M
Total Value
(Unverified)
$209M
Unresolved Gap
(Unverified)
External capital → Southern Trust Company Inc. Every wire in this exhibit flows in one direction. Zero outbound wires.
Leon Black / Apollo (5 entities)
→
Southern Trust Company
$106,500,000
14 wires
(Unverified)
Edmond de Rothschild (inst. + personal)
→
Southern Trust Company
$24,999,980
2 wires
(Unverified)
Narrow Holdings / Elysium Mgmt
→
Southern Trust Company
$20,000,000
1 wire
(Unverified)
Capital deployment into venture/tech investments and returns via Southern Financial LLC and 2017 Caterpillar Trust.
Tudor Futures Fund
→
Southern Financial LLC
$13,503,941
2 wires
(Unverified)
Blockchain Capital (3 entities)
→
2017 Caterpillar Trust
$15,000,000
3 wires
(Unverified)
Southern Financial LLC
→
Joichi Ito / Coatue / Neoteny
$4,100,000
9 wires
(Unverified)
Brokerage-to-cash conversion. Jeepers Inc. (DB Brokerage) feeds the NOW/SuperNow operating account.
Jeepers Inc. (DB Brokerage)
→
Epstein NOW/SuperNow Account
$51,876,640
21 wires
(Unverified)
Kellerhals Ferguson Kroblin
→
Epstein NOW/SuperNow Account
$23,075,000
2 wires
(Unverified)
Link Rockenbach / AIC Title
→
Epstein NOW/SuperNow Account
$5,000,000
2 wires
(Unverified)
Internal shell-to-shell rebalancing. Haze Trust (art proceeds) redistributes to Southern Financial and Southern Trust.
Sotheby's / Christie's
→
The Haze Trust
$18,974,417
2 wires
(Unverified)
The Haze Trust
→
Southern Financial (Checking)
$32,000,000
5 wires
(Unverified)
The Haze Trust
→
Southern Trust (Checking)
$10,000,000
1 wire
(Unverified)
Gratitude America disbursements. 88% to investment/banking accounts, 7% to medical charities.
Gratitude America MMDA
→
Gratitude America Ltd. (MS/Citi/FBPR)
$5,800,000
4 wires
(Unverified)
Gratitude America MMDA
→
Melanoma Research / Moskowitz / CRW
$453,493
8 wires
(Unverified)
The Balance Sheet
$272 million (Unverified) entered from external sources. $63 million (Unverified) is visible leaving. All amounts are automated extractions from DOJ EFTA documents.
| Shell Entity |
External In |
Shell In |
Shell Out |
External Out |
Net Position |
| Southern Trust |
$160.4M |
$10.0M |
$0 |
$30.2M |
+$140.2M |
| NOW/SuperNow |
$31.1M |
$51.9M |
$0 |
$0 |
+$83.0M |
| Southern Financial |
$14.3M |
$37.0M |
$0 |
$4.1M |
+$47.2M |
| Caterpillar Trust |
$15.0M |
$0 |
$0 |
$0 |
+$15.0M |
| Haze Trust |
$50.3M |
$0 |
$47.0M |
$3.7M |
−$0.4M |
| Jeepers Inc. |
$0 |
$0 |
$51.9M |
$0 |
−$51.9M |
| Plan D LLC |
~$0 |
$0 |
$0 |
$18.0M |
−$18.0M |
| Gratitude America |
$0.9M |
$0 |
$0 |
$6.4M |
−$5.5M |
| NES LLC |
$0 |
$0 |
$0 |
$0.6M |
−$0.6M |
| SYSTEM TOTAL |
$272.0M |
|
|
$63.0M |
+$209.1M |
All amounts are (Unverified) automated extractions from Deutsche Bank SAR Exhibits A–E. Net position represents the difference between documented inflows and documented outflows within the master wire ledger (Phase 5I, 481 wires). Positive net position indicates funds that entered an entity but have no documented exit in any production from any institution. This does not establish that funds were misappropriated — exits may exist in sealed records, other bank productions, or pre-retention documents.
December 2015 Convergence
$45M (Unverified) from two continents in 14 days. Dates and amounts from Deutsche Bank Exhibit A.
DEC 17, 2015
Edmond de Rothschild (Suisse) SA → Southern Trust — $10,000,000 (Unverified)
Institutional wire. Exhibit A.
DEC 18, 2015
Black Family Partners LP → Southern Trust — $10,000,000 (Unverified)
DOJ announces EdR Suisse non-prosecution agreement. Penalty: $45,245,000. (Public record.)
DEC 21, 2015
Benjamin Edmond de Rothschild → Southern Trust — $14,999,980 (Unverified)
Personal wire. 3 days after DOJ deal. Combined Rothschild total: $24,999,980 (Unverified). Exhibit A.
DEC 30, 2015
Leon & Debra Black c/o Apollo Mgmt → Southern Trust — $10,000,000 (Unverified)
Exhibit A.
Temporal proximity of financial transactions to external events is documented as observed. Correlation does not establish causation. The DOJ non-prosecution agreement with EdR Suisse is public record (Dec 18, 2015).
Data Sources & Methodology
Wire transfer data: Master Wire Ledger Phase 5I — 481 entity-resolved wires from Deutsche Bank SAR Exhibits A–E (EFTA00027019, DB-SDNY production). Entity resolution mapped 228 unique counterparties across 14 banking institutions.
Balance sheet computation: External In = sum of wires from entities classified as EXTERNAL_PARTY → shell entities. External Out = sum of wires from shell entities → EXTERNAL_PARTY. Shell In/Out = inter-shell transfers. Net = (External In + Shell In) − (External Out + Shell Out).
Publication Ledger context: The 481-wire master ledger ($558M) is one component of the broader publication ledger (6,310 unique transactions, $2.146B across 10 payment types). This visualization focuses exclusively on the wire transfer subset from the Deutsche Bank production.
Limitations: This balance sheet reflects only wire transfers visible in the Deutsche Bank SDNY production. Other banks' wire activity, non-wire transactions (checks, CHIPS, SWIFT), and sealed/destroyed records are not included. The $209M gap is an observation about what is documented, not a claim about what occurred.