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Haze Trust — $97.8M accelerated liquidation and art sales

Haze Trust — Liquidation acceleree $97.8M et ventes d'art suspectes

Part. corroborated
0.8
Credibility score
Financial Trust liquidationAsset migrationArt marketPre-arrest Active

Summary

The Haze Trust, a grantor trust created in 1999 (trustee Indyke since May 2007, previously at JPMorgan), experienced $284M in movements between 2017 and 2019, ending with a residual value of $2M. Three phases: art accumulation ($30.5M, 2017), regular drainage ($49.5M, June-December 2018), accelerated liquidation ($97.8M/6 weeks, January-February 2019). The final transfer of $24,564,037 (February 22) financed the acquisition of the Bin Ennakhil Palace in Marrakech (€23M) via a Liechtenstein structure (Pamur Anstalt SA/LGT Bank Vaduz). SMOKING GUN: Epstein-Kahn email dated March 20, 2019 (EFTA01035309) confirms Haze Trust accounts closed, $18M remaining total, and Epstein requesting certification for LGT Bank 'he cannot use my name only the name of the trust'. Offer accepted at €23M on March 19, closing planned for March 29. Acquisition likely NOT finalized (arrest on July 6) — property ABSENT from the estate. The hypothesis of early flight is WEAKENED: Epstein was actively purchasing property.

Key claims

1

Haze Trust = grantor trust auto-controle Epstein depuis 1999 [ESTABLISHED]

2

Indyke successor trustee depuis 8 mai 2007 (PENDANT enquete Palm Beach) [ESTABLISHED]

3

$284M de mouvements documentes, $2M de valeur residuelle aout 2019 [ESTABLISHED]

4

Ventes art: Christie's $7.7M + Sotheby's $22.8M = $30.5M (2017) [ESTABLISHED]

5

Drainage phase 2: $49.5M vers Southern Financial/Trust (juin-dec 2018) [ESTABLISHED]

6

Liquidation phase 3: $97.8M en 6 semaines (jan-fev 2019) [ESTABLISHED]

7

Triple mouvement 19 fev: consolidation $31.5M avant virement final [ESTABLISHED]

8

Virement final $24,564,037 = acquisition Bin Ennakhil Marrakech 23M EUR via Pamur Anstalt SA (Liechtenstein) / LGT Bank Vaduz [ESTABLISHED]

9

EFTA01035309 (20/03/2019): Kahn confirme comptes Haze fermes, $18M restant ($15M SFL + $3M STC) [ESTABLISHED]

10

Epstein demande attestation bancaire pour LGT Bank: 'he cannot use my name only the name of the trust' [ESTABLISHED]

11

Offre Haze Trust acceptee a 23M EUR le 19/03/2019, closing prevu 29/03/2019 (EFTA00552220) [ESTABLISHED]

12

Bin Ennakhil ABSENT de l'estate ($573M aout 2019) — transaction probablement non finalisee [PROBABLE]

13

HSBC Bermuda $58,328 = unique trace offshore non documentee [ESTABLISHED]

14

Drainage debut juin 2018 = AVANT lettre cloture DB et article Miami Herald [ESTABLISHED]

15

Haze Trust pre-existait chez JPMorgan (EFTA01181649, MTM sept 2012) [ESTABLISHED]

16

17 entites Epstein chez DB listees dans KYC remediation (EFTA01255544) [ESTABLISHED]

17

Ventes Giacometti Christie's/Sotheby's 2017 = ventes art legitimes coordonnees avec Leon Black (EFTA00634580) [ESTABLISHED]

18

Christie's double connexion: ventes art 2017 + intermediaire immobilier Maroc via Kensington (Marc Leon) [ESTABLISHED]

19

David J Mitchell: 13 paiements reguliers possiblement lies a gestion art (EFTA00821441 'Christie's 700k bid Hercules') [LEAD]

Evidence FOR (10)

26 transactions documentees dans Exhibit D, totalisant $284M de mouvements

Source : EFTA00080250

Strength : fort

Acceleration temporelle: $49.5M/6 mois (phase 2) puis $97.8M/6 semaines (phase 3)

Source : EFTA00080250

Strength : fort

Triple mouvement 19 fev = consolidation deliberee (flux inverse + injection personnelle)

Source : EFTA00080250 D-021/D-023/D-024

Strength : fort

Drainage commence juin 2018 = 5 mois AVANT Miami Herald, 6 mois AVANT lettre cloture

Source : EFTA00080250 D-009

Strength : moyen

EFTA01035309: email Epstein-Kahn 20/03/2019 confirmant comptes Haze fermes, $18M restant, demande attestation LGT Bank Liechtenstein. 'he cannot use my name only the name of the trust'

Source : EFTA01035309

Strength : fort

EFTA00552220: offre Haze Trust acceptee a 23M EUR pour Bin Ennakhil, 19/03/2019, closing prevu 29/03

Source : EFTA00552220

Strength : fort

Coincidence temporelle 22/02/2019: documents vendeur Pamur Anstalt envoyes le MEME JOUR que virement $24.56M

Source : EFTA00552292 -page4

Strength : fort

Haze Trust existait chez JPMorgan avant DB (MTM rapport sept 2012, Giuffrida/Beller)

Source : EFTA01181649

Strength : moyen

Christie's double connexion: ventes art 2017 ($7.7M) + intermediaire immobilier Maroc via Kensington/Marc Leon

Source : EFTA00658176 , EFTA00846669

Strength : moyen

Indyke transfere trustee pendant enquete Palm Beach (mai 2007)

Source : EFTA01255683

Strength : moyen

Evidence AGAINST (5)

La cloture DB impose mecaniquement un deplacement des fonds — explication suffisante pour phase 3

Source : DFS Consent Order

Strength : fort

Ventes Christie's/Sotheby's = transactions legitimesen surface pour collectionneur ultra-HNW

Source : Marche de l'art

Strength : moyen

Aucun virement direct vers individus externes (pas de dispersion vers tiers)

Source : EFTA00080250

Strength : moyen

Epstein achetait activement une propriete en mars 2019 — comportement INCOMPATIBLE avec une fuite anticipatoire

Source : EFTA01035309 , EFTA00552220

Strength : fort

Ventes Giacometti Christie's/Sotheby's 2017 = transactions art legitimement documentees pour collectionneur ultra-HNW

Source : Resultats encheres publiques 2017

Strength : fort

Factchecks (2)

FC-0491 CONFIRMED 0

Documentation financiere detaillee via exhibits. Score realigne sur fichier.

Summary

Documentation financiere detaillee via exhibits. Score realigne sur fichier.

FC-0390 LARGELY_CONFIRMED 80% Le Factchecker

Theory network Open in explorer →

This theory Actor Linked theory

Key actors (11)

Jeffrey Epstein
Grantor et beneficiaire ultime du Haze Trust
Darren Indyke
Successor trustee depuis mai 2007 (transfert pendant enquete PB)
The Haze Trust
Vehicule de transit: art → Southern Financial → destinations inconnues
Southern Financial LLC
Receptacle principal des fonds draines ($72.8M recus)
Karyna Shuliak
Compagne d'Epstein, negociatrice acquisition Bin Ennakhil Marrakech (23M EUR)
Christie's Inc.
Source de $7.7M (vente art juin 2017)
Sotheby's
Source de $22.8M (2 ventes art sept-oct 2017)
Richard D. Kahn
Gestionnaire financier Haze Trust via HBRK Associates. Confirme comptes fermes 20/03/2019
Marc Leon / Kensington
Managing Director Kensington Finest Properties Marrakech, affilié Christie's International Real Estate. Intermediaire Bin Ennakhil
Pamur Anstalt SA
Vendeur Bin Ennakhil, structure Liechtenstein via BVI, LGT Bank Vaduz
Stewart Oldfield
RM-2 Deutsche Bank. Contact banquier demande par Epstein pour attestation LGT Bank

Connected theories (3)

Art comme véhicule d'intermédiation financière opaque
0.8
financial THEORY-1088
Epstein Estate — Gestion post-mortem et distribution $577M
0.8
financial THEORY-1080
Architecture offshore en etoile — 1953 Trust comme hub de controle
0.75
financial THEORY-1158

Document corpus

EFTA00080250 EFTA01255683 EFTA01253089 EFTA00075562 EFTA01035309 EFTA00552220 EFTA00552292 EFTA01181649 EFTA01255544 EFTA00593198 EFTA00634580 EFTA00658176 EFTA01014367

Sources (7)

EFTA00080250 , Deutsche Bank Transaction Charts Exhibit D (26 transactions Haze Trust) [PRIMARY]
EFTA01035309 , Email Epstein-Kahn 20/03/2019 — Haze accounts closed, LGT Bank attestation request [PRIMARY]
EFTA00552220 , Offer acceptance Bin Ennakhil Marrakech 23M EUR (19/03/2019) [PRIMARY]
EFTA01255683 , Haze Trust grantor trust documentation, Indyke successor trustee [PRIMARY]
EFTA01181649 , Haze Trust JPMorgan MTM report (September 2012) [PRIMARY]
Christie's / Sotheby's, auction records Giacometti and other works (2017) [PRIMARY]
DFS NY, Consent Order Deutsche Bank AG (July 2020) — account closure timeline [PRIMARY]