DOJ-released financial records show Deutsche Bank Private Wealth Management held at least $117 million across multiple Epstein-controlled entities — shell companies and trusts registered in the U.S. Virgin Islands with a single shared address. Here is what the documents reveal about the financial architecture behind Jeffrey Epstein's wealth.
Southern Financial LLC: The $94 Million Account
A Deutsche Bank account statement dated January 2019 shows Southern Financial LLC held a beginning account value of $94,404,553.11 in a single Deutsche Bank Private Wealth Management account.
"SOUTHERN FINANCIAL LLC / 610 RED HOOK QUARTER B3 / ST THOMAS VI 00802 ... BEGINNING ACCOUNT VALUE $94,404,553.11"
Deutsche Bank statement for Southern Financial LLC, January 2019
The account showed $5 million in cash withdrawals during January 2019 alone, along with $210,317 in dividends and interest income. The portfolio was split roughly 71% equities ($65.9M), 28% fixed income ($25.7M), and the remainder in cash. Deutsche Bank assigned investment specialist Martin Zeman to oversee the account.
A separate LLC Account Authorization document confirms Deutsche Bank Securities Inc. opened this account after receiving authorization from the managing member. The document grants the agent power to:
"buy, sell (including short sales) and trade in stocks, bonds and any other securities, listed or unlisted, on margin or otherwise, in said account in accordance with DBSI's terms and conditions"
The authorization was structured so Deutsche Bank could "conclusively assume that all actions taken and instructions given by each Agent have been properly taken" — effectively removing the bank's obligation to independently verify transaction instructions.
The Haze Trust: $23 Million Under Two Trustees
A December 2013 Deutsche Bank statement reveals The Haze Trust held an ending account value of $22,994,662.95, with estimated annual income of $965,609.60.
"THE HAZE TRUST / JEFFREY EPSTEIN & DARREN K INDYKE TTEES / 6100 RED HOOK QUARTER B3 / ST THOMAS VI 00802"
Deutsche Bank statement for The Haze Trust, December 2013
The trust held $7.59 million in FDIC-insured bank deposits spread across multiple banks — Associated Bank, BB&T, Bank of America, Citibank, Deutsche Bank itself, East West Bank, NY Community Bank, Texas Capital Bank, and Union Bank of CA — each at exactly $250,000, the maximum FDIC insurance limit per institution.
This deposit structuring across nine banks ensured every dollar of the $7.59 million cash position was fully insured. The trust's fixed income allocation of $15.4 million (67%) included mortgage-backed securities and other structured products.
Both entities listed the same address: 6100 Red Hook Quarter B3, St. Thomas, VI 00802 — an office suite that served as the registered address for multiple Epstein-linked entities.
Prytanée LLC: A Virgin Islands Shell Company
Documents show Prytanée LLC was registered in the U.S. Virgin Islands on July 22, 2016 under Corp No. 586644. A Certificate of Existence issued by Lieutenant Governor Osbert E. Potter confirmed the entity's legal standing.
"PRYTANEE, LLC / Limited Liability Company / was duly registered to conduct business in the Territory on July 22, 2016"
Prytanée LLC Articles of Organization and Certificate of Existence
The LLC's articles state its purpose was "to engage in any and all lawful business" — the broadest possible authorization. Its registered address was Royal Palms Professional Building, 62-3A & 62-3B Estate Thomas, Suite 101, St. Thomas, with Business Basics VI, LLC serving as resident agent.
Prytanée was linked to The Pierre Trust through shared operating agreements in the same document set, suggesting these entities were part of an interconnected financial structure.
What Deutsche Bank Knew: The KYC File
Deutsche Bank's own internal Know Your Customer (KYC) documentation, dated October 2013 and printed July 30, 2019, reveals what the bank recorded about Epstein when onboarding his accounts.
The KYC file states the account's purpose was:
"Money market account to hold the funds necessary to cover the costs associated with running one of Jeffrey Epstein's homes and earn interest"
Deutsche Bank KYC Document for Jeffrey Epstein
The document records Epstein's primary residence as Little Saint James, Saint Thomas 00802, US Virgin Islands and his employer as Southern Financial LLC at the same Red Hook Quarter address. His occupation was listed as "Self Employed."
Deutsche Bank's source of wealth description states:
"Epstein began his financial career in 1976 as an options trader at Bear Stearns and became a partner in 1980. In 1982, Epstein founded his own financial management firm, J. Epstein & Co. ... All of his clients were anonymous except for the very wealthy businessman Leslie Wexner"
The bank noted assets were expected to arrive from JPMorgan, New York — confirming the transfer of Epstein's wealth from JP Morgan to Deutsche Bank. A due diligence report on Darren Indyke, Epstein's attorney and co-trustee, returned no OFAC alerts and "No Information Found" on negative media searches.
Deutsche Bank maintained this relationship from 2013 until terminating it in 2018 — five years after Epstein's 2008 conviction was public knowledge.
What's Still Missing
- The Pierre Trust operating agreement details — referenced alongside Prytanée LLC but contents partially redacted
- Complete list of Epstein-linked LLCs at the Red Hook Quarter address — other entities may have held additional accounts
- Internal Deutsche Bank communications about risk escalations related to the Epstein relationship — the KYC file shows compliance processes existed but does not reveal whether red flags were raised or suppressed
- Account closure records showing where the $117+ million moved after Deutsche Bank terminated the relationship in 2018
- Full beneficial ownership chains for each entity — the KYC drill-down sections are partially illegible in the released documents
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This analysis references publicly released documents from the Epstein case archive. All individuals mentioned are presumed innocent unless convicted in a court of law. Language such as “documents indicate” reflects what appears in source materials, not conclusions of guilt. Readers are encouraged to review the cited source documents directly.