Sleuth Report: Tommy Carstensen Maps Jeffrey Epstein’s Billion Dollar Money Network

PostedAugust 5, 2026

UpdatedAugust 5, 2026

ByEpsteinWiki

Tommy Carstensen’s interactive investigation connects hundreds of people, companies, trusts, banks, investments, properties, and payments found across the Epstein files. The result is not merely a list of wealthy associates. It is a searchable map of the financial infrastructure that allowed Jeffrey Epstein to accumulate assets, move money through multiple jurisdictions, finance influential relationships, and support the machinery surrounding his abuse.

Report Snapshot

Original report: Follow the Money: Jeffrey Epstein’s Financial Network

Researcher: Tommy Carstensen

Report type: Interactive financial network and document directory

Primary subjects: Jeffrey Epstein, Leslie Wexner, Leon Black, JPMorgan Chase, Deutsche Bank, Southern Trust Company, Darren Indyke, Richard Kahn, shell companies, trusts, investments, properties, and payments

Evidence base: Public records contained in the Epstein Files Transparency Act corpus, civil litigation, banking records, Suspicious Activity Reports, corporate records, property documents, and financial exhibits

Scale reported by the project: 231 entities, banks, and people connected through 415 documented relationships

Important context: The database is a living research project. Its totals may change as records are added, corrected, or reclassified.

What the Money Network Shows

The interactive money network presents Epstein’s financial world as a connected system rather than a collection of isolated transactions. Users can search individual people, banks, trusts, companies, and assets. They can also examine documented incoming payments, outgoing transfers, management relationships, ownership connections, and banking relationships.

This structure matters because Epstein rarely operated through a single personal account or company. His financial activity passed through entities such as Southern Trust Company, Financial Trust Company, Gratitude America, the Butterfly Trust, Haze Trust, LSJE, and numerous property and aircraft companies.

EpsteinWiki’s investigation of Jeffrey Epstein’s companies, trusts, and financial infrastructure reaches a similar conclusion. Epstein’s companies were not peripheral paperwork. They formed the legal and financial architecture through which money, property, investments, employees, travel, philanthropy, and payments were managed.

The Network Begins With Leslie Wexner

Carstensen identifies Leslie Wexner as one of the most important sources of Epstein’s early financial authority, wealth, and legitimacy.

Wexner granted Epstein broad power of attorney. That authority gave Epstein an extraordinary level of control over Wexner’s financial and personal affairs. The arrangement is documented in EFTA00139235, which includes material concerning Epstein’s authority and the Manhattan townhouse at 9 East 71st Street.

The report describes the townhouse as a property worth approximately $77 million that passed from Wexner’s control to Epstein without a conventional recorded deed documenting the transfer. A separate government memorandum, EFTA00015532, discusses the property and its estimated value. EFTA00037757 contains investigative material concerning the apparent absence of a recorded deed.

The exact financial history of the townhouse remains contested. Wexner has described the transaction as a sale, while investigators examined whether Epstein improperly obtained property and money from him. Therefore, the records establish Epstein’s possession of the townhouse and Wexner’s extraordinary delegation of authority, but they do not resolve every dispute about the transfer.

Readers can review EpsteinWiki’s profiles of Leslie Wexner and Wexner’s congressional deposition for additional context.

Victoria’s Secret Was More Than a Prestigious Name

The financial relationship with Wexner also gave Epstein proximity to the Victoria’s Secret brand. Survivor testimony and investigative records describe Epstein invoking his connection to Victoria’s Secret when approaching or impressing young women.

EFTA00019994 contains testimony describing Victoria’s Secret as part of Epstein’s recruitment lure. Other records collected in the network connect Epstein to Wexner, L Brands, and the prestige associated with the modeling industry.

This is important because elite brands could function as social proof. A young woman approached by someone claiming influence within Victoria’s Secret might reasonably believe she was being offered a legitimate modeling opportunity. That appearance of legitimacy could lower suspicion and increase vulnerability.

The financial network therefore cannot be separated from Epstein’s recruitment network. Money purchased access, but elite associations supplied credibility.

JPMorgan Recorded More Than One Billion Dollars in Wire Activity

One of the largest figures in Carstensen’s network comes from a JPMorgan Chase Suspicious Activity Report.

According to EFTA01480494, the bank reviewed 4,725 wire transfers totaling approximately $1.08 billion through accounts associated with Epstein and related entities.

This figure requires careful interpretation. It does not establish that every wire was criminal or that Epstein personally received the full amount. A Suspicious Activity Report may summarize a large body of transactions reviewed after concerns emerge. It is nevertheless significant because it shows the extraordinary volume of money that passed through accounts connected to Epstein.

JPMorgan maintained its relationship with Epstein for years after employees and executives became aware of serious concerns about him. Civil litigation later examined whether the bank ignored warning signs while continuing to profit from the relationship.

EpsteinWiki provides additional background through its articles on Jane Doe v. JPMorgan Chase and financial institution cases involving Epstein.

Deutsche Bank Accepted Epstein After His Conviction

After JPMorgan ended its relationship with Epstein in 2013, Deutsche Bank accepted him as a client despite his status as a registered sex offender.

Carstensen’s database reports that Deutsche Bank held approximately $177 million across at least seven Epstein controlled entities. Internal records show that bank employees discussed Epstein’s reputation, the risks associated with the relationship, and suspicious transactions connected to his accounts.

The bank later paid a $150 million penalty imposed by the New York State Department of Financial Services. The regulator concluded that Deutsche Bank had failed to properly monitor Epstein’s accounts and transactions.

The relationship is examined further in EpsteinWiki’s profiles of Deutsche Bank and the USVI complaint against Deutsche Bank.

The central point is not simply that Epstein had money at Deutsche Bank. The bank accepted and serviced him after his conviction, when his criminal history was already public and the risks were no longer theoretical.

Leon Black’s Payments Became a Major Source of Epstein’s Wealth

The network places Leon Black among the most important documented sources of money flowing to Epstein after his 2008 conviction.

EFTA00027019 contains financial exhibits showing payments from Black, members of his family, family partnerships, and related entities to Southern Trust Company and other Epstein connected entities. The document includes multimillion dollar transactions routed through entities such as Narrow Holdings and Elysium Management.

An internal Deutsche Bank record identified Elysium with Leon Black. This helped investigators connect transfers made through entity names to the individuals behind them.

Black has acknowledged paying Epstein at least $158 million for tax, trust, estate, philanthropic, art, and family office advice. A later Senate Finance Committee investigation identified approximately $170 million in total payments, which exceeded the amount previously reported by Apollo’s outside review.

Black has denied participating in Epstein’s criminal conduct. The payments themselves do not prove knowledge of trafficking. However, their size, timing, structure, and continuation after Epstein’s conviction make them central to any serious examination of how Epstein rebuilt and maintained his fortune.

More information appears in EpsteinWiki’s profiles of Leon Black and Leon Black’s congressional testimony.

Epstein Used Large Investments to Create Financial Relationships

Carstensen’s network documents Epstein or Epstein controlled entities providing substantial capital to investment firms and funds.

The report identifies approximately $133 million invested in D.B. Zwirn, approximately $64 million connected to Honeycomb, approximately $50 million supplied to Boothbay, and approximately $28.8 million committed through capital calls involving Valar Global.

The supporting records include EFTA00587012 for the D.B. Zwirn relationship, EFTA00313995 for Honeycomb related wire records, EFTA00644709 for Boothbay related records, and EFTA00027019 for Valar Global capital calls.

These investments demonstrate that Epstein was not simply storing wealth. He used capital to enter funds, establish relationships, and position himself as a valuable source of money.

However, an investment relationship alone does not establish participation in or knowledge of Epstein’s crimes. The evidence establishes financial relationships. Any conclusion about awareness or complicity requires additional records.

MC2 Connects the Money Network to Recruitment

The network’s treatment of MC2 Model Management illustrates where finance and recruitment intersect.

The report identifies an Epstein connected investment of approximately $1 million in MC2. It also links MC2 to payments and recruitment activity discussed in civil litigation and investigative records.

EFTA01657299 contains an FBI characterization of MC2 as a transport agency for underage girls. EFTA00145666, a civil complaint filed by the Government of the United States Virgin Islands against JPMorgan, alleges that more than $1.5 million was paid to recruiters, including payments associated with MC2.

Because EFTA00145666 is a civil complaint, its statements are allegations made by the plaintiff rather than final judicial findings. The document remains significant because it cites banking and transactional evidence gathered during the litigation.

EpsteinWiki examines this intersection in its report on Jean Luc Brunel’s modeling network.

Trusts and Companies Obscured Who Controlled the Money

The interactive directory identifies more than fifteen shell entities, although the broader Epstein corporate network contains many more companies, charities, trusts, and holding vehicles.

These entities could hold property, maintain bank accounts, employ staff, make investments, receive advisory payments, send wires, manage aircraft, and separate Epstein’s name from individual transactions.

Southern Trust Company became one of the most important entities in the network. It received major payments from Leon Black and benefited from substantial tax advantages in the United States Virgin Islands. Readers can examine Southern Trust Company and Epstein’s shell companies on EpsteinWiki.

The use of an entity does not automatically prove an unlawful purpose. Trusts and limited liability companies are common financial tools. The investigative concern arises from the collective pattern, especially when entities were used alongside unusual payments, concealed beneficial ownership, cash activity, international transfers, victim payments, or trafficking related allegations.

Darren Indyke and Richard Kahn Connected the Financial Machinery

The network repeatedly identifies attorney Darren Indyke and accountant Richard Kahn as officers, signatories, trustees, administrators, and financial managers across Epstein controlled entities.

EFTA00161836 contains allegations and financial details concerning Kahn’s authority over accounts, payments to women, cash arrangements, company positions, and transactions involving Epstein entities.

Additional records connect Indyke to numerous Epstein companies and trusts. The database identifies him as an authorized signatory, company officer, trust beneficiary, estate executor, and administrator involved in day to day financial activity.

These positions do not, by themselves, establish criminal guilt. They do establish that Indyke and Kahn occupied central operational roles within the financial structure.

EpsteinWiki has detailed reports on Darren Indyke and Richard Kahn.

The Butterfly Trust Requires Particular Scrutiny

One of the most disturbing records in the network concerns the Butterfly Trust.

EFTA00037690 records an FBI description of the Butterfly Trust as a conduit for money paid to female victims. EFTA00021050 identifies Ghislaine Maxwell as having disbursement authority connected to the trust.

Other financial records connect the trust to Darren Indyke, Richard Kahn, payments to women, and additional Epstein related entities.

These records demonstrate why a trust should not be evaluated only by its stated legal purpose. Investigators must examine who created it, who could authorize payments, who received money, which bank held the accounts, and whether payments corresponded with recruitment, abuse, silence, immigration arrangements, or personal benefits.

Properties and Confidentiality Agreements Protected the System

Carstensen also maps assets and payments that extended beyond conventional banking.

EFTA00552220 documents a transaction involving a palace in Marrakech valued at approximately €23 million and connected to Khan Stiftung and Haze Trust.

EFTA00037809 contains a government email describing confidentiality agreements that reportedly imposed penalties of $1 million on island workers.

Confidentiality agreements are not inherently unlawful. In this context, however, unusually severe financial penalties could discourage employees from reporting what they witnessed or discussing activity at Epstein’s properties.

The combination of private properties, international ownership structures, trusted employees, confidentiality agreements, aircraft, and controlled companies created an environment in which wealth could provide both physical privacy and legal intimidation.

Academic Funding Purchased Credibility and Access

The network includes universities, scientists, research projects, and charitable organizations that received Epstein connected funding.

Epstein cultivated prominent academics after his conviction and used philanthropy to remain connected to prestigious institutions. These relationships allowed him to present himself as a patron of science and intellectual life while his criminal history was already public.

Donations do not establish that recipients knew about or participated in criminal activity. They do show how philanthropy helped Epstein retain elite access and rehabilitate his public image.

The interactive network is especially valuable here because it allows readers to see academic payments alongside investments, banks, trusts, properties, recruiters, and professional advisers. What might appear to be an isolated donation becomes part of a larger reputation and access strategy.

The Estate Preserved the Structure After Epstein’s Death

Shortly before his death in August 2019, Epstein signed a will placing his assets into the 1953 Trust.

The network connects the estate to trusts, beneficiaries, executors, properties, companies, and proposed bequests. Darren Indyke and Richard Kahn were named as executors.

The estate later funded the Epstein Victims’ Compensation Program and resolved numerous claims. It also became the subject of litigation and public scrutiny concerning asset control, record preservation, and the people managing Epstein’s remaining fortune.

The estate is not an administrative footnote. It represents the final legal form of the same financial architecture Epstein used during his lifetime.

Key Takeaways

Carstensen’s project shows Epstein’s finances as an interconnected system involving at least 231 people, entities, and banks across 415 documented connections.
Leslie Wexner provided Epstein with extraordinary financial authority, property access, social legitimacy, and proximity to the Victoria’s Secret brand.
A JPMorgan Suspicious Activity Report reviewed 4,725 wires totaling approximately $1.08 billion through Epstein linked accounts. This total reflects reviewed transaction activity and does not mean every wire was independently proven criminal.
Deutsche Bank accepted Epstein after his 2008 conviction and reportedly held approximately $177 million across multiple Epstein controlled entities.
Leon Black and connected entities paid Epstein at least $158 million. Senate investigators later identified approximately $170 million in total payments.
Epstein used large investments to establish financial relationships with funds, wealthy investors, technology ventures, and financial managers.
Financial records connect the money network to recruitment structures, including MC2 Model Management and payments discussed in trafficking related litigation.
Shell companies, trusts, charities, and holding entities separated Epstein’s name from assets and transactions while allowing trusted administrators to move money.
Darren Indyke and Richard Kahn held central positions across Epstein’s companies, accounts, trusts, and estate.
The Butterfly Trust, victim related payments, recruitment expenses, cash withdrawals, immigration related payments, and confidentiality agreements show that Epstein’s financial system cannot be separated from the machinery surrounding his abuse.

Fact Check Assessment

The major financial relationships highlighted by the report are supported by EFTA records, regulatory actions, court filings, congressional investigations, and banking documents.

Several points require cautious wording.

The $1.08 billion JPMorgan figure represents wire activity summarized in a Suspicious Activity Report. It should not be described as $1.08 billion in proven criminal transactions.

The amount Leon Black paid Epstein has changed as additional records emerged. Black acknowledged at least $158 million. Senate investigators later reported approximately $170 million.

The claims contained in civil complaints remain allegations unless supported by independent records or resolved through factual findings.

An individual’s appearance in the network does not prove criminal conduct, knowledge of trafficking, or participation in abuse. The network documents relationships and transactions. Responsibility must be assessed using the underlying evidence for each connection.

Why This Report Matters

The greatest value of Carstensen’s money network is not any single shocking number. It is the ability to see the structure.

Epstein’s wealth moved through banks, trusts, companies, funds, charities, properties, advisers, employees, and international accounts. That fragmentation made each transaction appear smaller and each participant appear farther removed from the whole.

The interactive network reverses that fragmentation. It places the transactions back into a shared system and allows researchers to follow the money from wealthy sources, through Epstein controlled entities, and outward toward investments, properties, institutions, employees, recruiters, women, and estate beneficiaries.

That is where the real investigative work begins.

Sources

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