Section 01
Who Actually Handled the Money
Document counts are associations in our index, derived from the released files. Appearing in these records means doing a job at a bank — it is not an allegation against any person named here.
Roles are taken from the documents themselves, where titles appear alongside the names.
The relationship manager. The single most prolific correspondent in the released files — more emails than Epstein himself. Epstein contacted him directly to update trust beneficiaries.
Named on account administration and approval threads throughout the relationship.
Appears on exception requests — including a Power of Attorney exception routed for approval.
The seniority in the chain. Managing Director level on the private bank side.
Recurrent on currency-order approval and operational threads.
Named in KYC review comments on the Epstein relationship file.
On file holding contact details for Epstein at 457 Madison Avenue and for Ghislaine Maxwell.
Appears in Epstein’s own calendar — a 4:30pm appointment alongside a breakfast with Leon Black.
Currency order approvals.
Named custody officer on the Epstein relationship, alongside Groff, Kahn and Kirby.
Section 02
The Butterfly Trust File
One document shows the whole machinery working.
EFTA01284072 is the Deutsche Bank relationship file for EPSTEIN, JEFFREY — relationship number 000004.33290, booking centre New York. It records how the client came to the bank, what accounts were opened, where the money was coming from, and how much was expected.
The referral line is explicit: Epstein, described as “President of Gratitude America”, “reached out to Stewart Oldfield to update the beneficiaries.” The client contacted the banker directly.
The timing is the part to notice. The two Butterfly Trust accounts were opened on 9 October 2013, and the file records the assets as arriving from JPMorgan, New York. This is the period in which Epstein’s banking moved between institutions.
Separately, the file projects $15,000,000 in the account one year out, against expected monthly flows of roughly five to ten transactions between $1,000 and $20,000. Those two figures describe very different kinds of account.
- Relationship
- EPSTEIN, JEFFREY · 000004.33290
- Booking centre
- New York
- Referral
- Client reached out to Stewart Oldfield
- Client described as
- President of Gratitude America
- Accounts opened
- Butterfly Trust — Checking
Butterfly Trust — Money Market - Opening date
- 9 October 2013
- Assets arriving from
- JPMorgan, New York, NY
- Stated purpose
- “a checking account to hold funds for the trust”
- Expected flows
- ~5–10 per month, $1,000–$20,000
- Expected at 1 year
- $15,000,000
- Epstein’s role
- Grantor
That any bank employee named on this page knew what Epstein was doing.
These are compliance and account-administration records. Producing them is the job. None of the individuals named here has been charged with any offence.
Deutsche Bank itself was fined $150 million by New York regulators in 2020 over its handling of the Epstein relationship — an institutional finding, not an individual one.
Section 03
Why the Volume Matters
Deutsche Bank appears in 11,224 documents in our index — more than any other entity, and roughly twice the count for Epstein himself. Gratitude America appears in 1,170; Butterfly Trust in 895.
That distribution is itself a finding. The released corpus is not, in bulk, a record of parties and flights. It is a record of a banking relationship — KYC files, exception requests, currency orders, wire instructions and the emails that moved them.
The people who generated that paper were not celebrities. They were staff doing compliance work on a client the bank had already flagged. The record of what they wrote down is now public, and it is the largest single body of material in the release.