The 2017 Caterpillar Trust
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The 2017 Caterpillar Trust
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All Connections
40 total
All Connections
40 total2.16M transferred from DB Caterpillar Trust to fund Butterfly Trust brokerage at Morgan Stanley on March 18 2019
Caterpillar Trust holds membership interest in IGO Company LLC per DB AML compliance review
Caterpillar Trust was a new account under the Southern Financial relationship at DB Private Bank since 2013
Indyke PLLC served as legal counsel for Caterpillar Trust. Legal assistant Bebe Avdiu handled trust paperwork in Feb 2018
Kahn managed Caterpillar Trust administration via HBRK Associates Inc, coordinated account closures, transfers to Butterfly Trust, and demanded secrecy about Epstein's identity
Oldfield was primary DB banker for Caterpillar Trust, handled trustee matters, consulted on trust follow-ups, confirmed he did not disclose Epstein's name to counterparties
Groff was one of two trustees of the Caterpillar Trust who signed authorization letters at Deutsche Bank
Wallace was one of two trustees of the Caterpillar Trust who signed authorization letters at Deutsche Bank. She was Epstein USVI office manager at STC.
Caterpillar Trust funded Butterfly Trust with $2.16M on March 18, 2019 when DB accounts closed and MS account opened. Caterpillar=accumulation vehicle, Butterfly=distribution vehicle. Same grantor (Epstein), different trustees.
Daphne Wallace (DW) served as co-trustee of the 2017 Caterpillar Trust alongside Lesley Groff. Wallace was Epstein's assistant in his St. Thomas USVI office.
Lesley Groff (LG) served as co-trustee of the 2017 Caterpillar Trust alongside Daphne Wallace. Groff was Epstein's executive assistant/scheduler.
Blockchain Capital made three payments in February 2018 to The 2017 Caterpillar Trust, representing $15M from sale of 50% of Epstein's Coinbase stake.
Stewart Oldfield was Deutsche Bank personal banker for The 2017 Caterpillar Trust account. Met Epstein Jan 30, 2017 (near trust formation date). Also involved with Gratitude America/BV 70 LLC.
Richard Kahn (HBRK Associates) managed Caterpillar Trust administration and executed the $2.16M transfer from DB Caterpillar to MS Butterfly Trust on March 18, 2019. Coordinated with DB staff and Morgan Stanley's Andrew Atlas.
Caterpillar Trust was opened under the Southern Financial/STC relationship at Deutsche Bank. AML review identifies it as 'a new account for the Southern Financial relationship'.
Blockchain Capital funds (IV LP, III Digital Liquid, Parallel IV LP) wired 15M to Caterpillar Trust DB account on 2/21/2018 per Akin Gump Exhibit B
2.16M transferred from DB Caterpillar Trust to Butterfly Trust Morgan Stanley brokerage on 3/18/2019. Both trusts linked in Akin Gump SDNY submission - DB received Butterfly Trust docs during Caterpillar Trust KYC.
Daphne Wallace (DW) served as co-trustee of The 2017 Caterpillar Trust from formation on 1/3/2017. She was Epstein's St Thomas office assistant. She signed authorization letters for trust transactions in April 2019.
Lesley Groff (LG) served as co-trustee of The 2017 Caterpillar Trust from formation on 1/3/2017. She was Epstein's longtime executive assistant. She joked about keeping the check during wind-down in April 2019.
The 2017 Caterpillar Trust held membership interest in IGO Company LLC per Deutsche Bank AML compliance documentation. IGO Company LLC is a USVI entity listed alongside Little St James LLC, Jeepers Inc, and other core Epstein entities.
Richard Kahn (HBRK Associates Inc) managed Caterpillar Trust finances, directed 2.16M transfer to Butterfly Trust at Morgan Stanley, coordinated with Andrew Atlas at Morgan Stanley for new account setup. Same 575 Lexington Ave address as Indyke PLLC.
Caterpillar Trust administered through Darren K Indyke PLLC. Legal assistant Bebe Avdiu at Indyke PLLC handled trust document execution. Staff member Bella Klein coordinated signing and account closures. Account opening docs submitted via Indyke office.
Caterpillar Trust was part of the Southern Financial/Southern Trust Company relationship at Deutsche Bank Private Bank (client since 2013). AML compliance explicitly identified it as a new account under this relationship. Deutsche Bank Account 42969987.
The 2017 Caterpillar Trust GRAT held membership interest in IGO Company LLC, a USVI entity (571920, formed 12/28/2006, dissolved)
On March 18, 2019, ,160,000 transferred from DB Caterpillar Trust to fund newly opened Butterfly Trust brokerage at Morgan Stanley
Caterpillar Trust was part of Southern Financial relationship at Deutsche Bank. Received M from STC/Southern Financial LLC per Dechert Exhibit B. Both under DB RM code 81851.
Part of Epstein's nature-themed GRAT series. Haze (1999, Indyke trustee, NY law), Butterfly (2013), Caterpillar (2017, Wallace/Groff trustees, USVI). All administered by Richard Kahn/HBRK Associates.
Oldfield was Deutsche Bank relationship manager for the Caterpillar Trust account. Named on bank statements from June 2018 onward. Met Epstein at 9 E 71st St on 1/30/2017 with Todd Stevens from DB.
The 2017 Caterpillar Trust (GRAT, EIN 28-6639711) was created January 3, 2017 to hold 100% membership interest in IGO Company LLC. Trust terminates 2 years after funding, then IGO interest transfers to The 2013 Butterfly Trust.
The 2017 Caterpillar Trust (EIN 28-6639711, GRAT) held 100% membership interest in IGO Company LLC. Upon trust termination (2 years from funding), membership interest was to transfer to The 2013 Butterfly Trust. DB account managed by Stewart Oldfield.
Caterpillar Trust (GRAT, EIN 28-6639711) holds 100% membership interest in IGO Company LLC. Trustees: Lesley Groff and Daphne Wallace. Upon termination, interest transfers to 2013 Butterfly Trust.
The 2017 Caterpillar Trust (EIN 28-6639711) held 100% membership interest in IGO Company LLC. Upon trust termination, interest transfers to The 2013 Butterfly Trust. Three-tier ownership: Epstein -> Caterpillar GRAT -> IGO LLC -> Coinbase equity.
Finding #66: Gratitude America is listed as one of Epstein's USVI entities in DOJ documents alongside: Great St Jim LLC, IGO Company LLC, J Epstein Virgin Islands
Finding #90: LMSBAND contains images of actual check copies from Gratitude America to IPI, all drawn on Deutsche Bank Trust Company Americas (New York NY 10154). C
Finding #380: Epstein advised Marsh (June 17, 2009) to set up an offshore entity to receive fees from 'the fund': 'I'm thinking whether it makes sense for you to se
Finding #550: Prytanee LLC ownership structure per Deutsche Bank 2018 periodic review: Southern Trust Company Inc (50%, sole shareholder Jeffrey Epstein, board dire
Finding #554: Financial Ballistics Trust listed in Richard Kahn Open Items memo to Epstein (March 2012) alongside Zorro Trust, Haze Trust, Butterfly Trust, and KCAC
Finding #557: FT Real Estate Inc. confirmed as USVI C Corporation owned by Jeffrey Epstein. Listed in Kahn Open Items memo (March 2012) as potential investment vehi
Both are Epstein grantor trusts with animal-themed names. Haze Trust formed 1999 in NY, Caterpillar Trust formed 2017 in USVI. Both managed by Kahn and banked at DB, administered by Indyke.
Wanek family entities (Ashley Furniture CEO) share Deutsche Bank RM code 81851 with Caterpillar Trust and all Epstein entities. Todd & Karen Wanek JTWROS, Wanek Trust of 2000, KWF/SSW/CRW/GEW 2007 LLCs all on same RM listing.
All Findings
32 total
All Findings
32 totalfinancial (26)
Part of nature-themed GRAT series: Haze (1999), Butterfly (2013), Caterpillar (2017) with escalating trustee informality
Epstein maintained at least three nature-themed grantor trusts: (1) The Haze Trust, formed 2/2/1999, EIN 03-7185414, NY law, Trustee: Darren Indyke, managed by Paul Barrett at JP Morgan; (2) The 2013 Butterfly Trust, formed 2013, brokerage at Morgan Stanley (FA: Andrew Atlas), received Christie's auction proceeds (,995 in Apr 2018), payments to individuals; (3) The 2017 Caterpillar Trust, formed 1/3/2017, USVI, Trustees: Daphne Wallace and Lesley Groff. The progression shows decreasing formality in trustee selection: from attorney Indyke to personal assistants Wallace/Groff.
The Caterpillar Trust is part of an animal-themed trust naming convention used by Epstein. Confirmed trusts: Haze Trust (formed 2/2/1999, NY law, grantor trust, EIN 03-7185414, trustee Darren Indyke, managed by Paul Barrett at JPM), Butterfly Trust (formed 2013, brokerage at Morgan Stanley funded from Caterpillar), and Caterpillar Trust (formed 2017, GRAT, holds IGO Company LLC). Also Haze Trust email forwarded to Mile Lukic at DB in German on April 8 2019 suggesting offshore banking connections.
DB RDC screening lists the trust under two country addresses: UNITED STATES and VIRGIN ISLANDS, U.S. - both under KYC tracking ID 01898372. The screening triggered Critical Risk Priority alerts against Caterpillar Inc., which were cleared as false positives. The trust was part of the Southern Financial relationship at DB Private Bank since 2013.
No connection to blockchain or cryptocurrency found. Despite appearing in same Dechert Exhibit B ledger as Blockchain Capital and Blockstream investments, the Caterpillar Trust is a conventional GRAT holding membership interest in IGO Company LLC. The animal-themed naming convention aligns with Haze Trust and Butterfly Trust, not crypto. The 2.16M transfer to Butterfly Trust was for a standard Morgan Stanley brokerage account. Lead 1220 hypothesis of crypto vehicle is not supported by evidence.
GRAT structure analysis: The Caterpillar Trust as a Grantor Retained Annuity Trust means Epstein retained the right to receive annuity payments from the trust while transferring eventual ownership to beneficiaries (likely associated with the Butterfly Trust). The 15M Blockchain Capital inflow and 2.16M Butterfly Trust outflow are consistent with GRAT mechanics where the grantor retains annuity payments and the remainder passes to beneficiaries. The trust holding IGO Company LLC membership interest, combined with the Blockchain Capital crypto fund investments, suggests the GRAT was used to transfer crypto/VC investment gains to beneficiaries at reduced tax cost.
The 2017 Caterpillar Trust was a Grantor Retained Annuity Trust (GRAT) formed January 3, 2017, in the U.S. with address at 6100 Red Hook Quarter B3, St Thomas USVI 00802. Jeffrey Epstein was the Grantor and UBO. Daphne Wallace (DW, Epstein St Thomas office assistant) and Lesley Groff (LG, Epstein executive assistant) served as co-trustees. The trust held membership interest in IGO Company LLC.
USVI Grantor Retained Annuity Trust (GRAT) holding IGO Company LLC membership interest
Created January 3, 2017. Grantor: Jeffrey Epstein. Trustees: Daphne Wallace and Lesley Groff. Holds membership interest in IGO Company LLC (USVI #571920). Address: 6100 Red Hook Quarter B3, St Thomas USVI 00802. Deutsche Bank account #42969987 opened 01/03/2017. Part of Southern Financial relationship at Deutsche Bank (client since 2013). KYC case 01898372 processed with rush clearance for upcoming acquisition on 2/7/2018. AML/RDC alerts cleared as false positive (confusion with Caterpillar Inc NYSE:CAT).
Stewart Oldfield (CFA, CAIA, Director at DB Trust Company Americas, DB Wealth Management) was the primary DB banker managing Epstein trust relationships including Caterpillar Trust. On Jan 30 2017, Oldfield and Todd Stevens met with Epstein at 4:15pm (same day as Boris Nikolic at 3pm and Leon Black at 5pm). Oldfield later emailed Epstein and Kahn about levered muni structures and moving cash balances to higher yielding money market in DB AG. Oldfield also managed Gratitude, Haze Trust, and processed wire inquiries.
Blockspace.media reports that Blockchain Capital made three payments in February 2018 to The 2017 Caterpillar Trust, citing Deutsche Bank transaction records. This aligns with the Dechert Exhibit B ledger showing $15M flowing to the trust. Blockchain Capital purchased 50 percent of Epstein's Coinbase stake for $15M.
Per Blockspace.media article: 'Shortly after all this haggling, Blockchain Capital made three payments in February 2018 to a company ostensibly linked to Epstein, The 2017 Caterpillar Trust.' Per Fortune (Feb 6, 2026): A trust associated with Epstein later sold $15 million of Coinbase equity to Blockchain Capital in 2018. This suggests the $15M documented in Dechert Exhibit B as flowing to the Caterpillar Trust represents the proceeds from selling Epstein's Coinbase stake to Blockchain Capital, not STC/Southern Financial funding. The February 2018 timing matches the DB KYC review date (Feb 5, 2018).
DB due diligence on the Caterpillar Trust triggered false-positive AML alerts against Caterpillar Inc. on Feb 5 2018. The trust was rushed through KYC case 01898372 because of an upcoming acquisition where funds will need to be available by 2/7/2018. Cynthia Rodriguez at DB confirmed Epstein was the trust creator and grantor. AML cleared it as company false positive since the trust had no connection to Caterpillar Inc.
DB AML compliance reviewed Caterpillar Trust as 'a new account for the Southern Financial relationship; a relationship of the Private [Wealth Management]'. KYC prepared Feb 5, 2018 by Priyanka Rathore. OFAC/RDC generated 2 alerts (KYC 01898372). FIRCOSOFT classified entity as 'Company'. No negative media, D&B, Smartlinx, or court results found.
EFTA01299264/EFTA01364114: Rush RDC Alert emails from AML Compliance reviewing alerts generated 2/5/18 for The 2017 Caterpillar Trust, identified as 'a new account for the Southern Financial relationship'. EFTA01297502: Full KYC/AML research report showing no negative findings. EFTA01364204: Combined RDC alerts for both Jeffrey Epstein and The 2017 Caterpillar Trust.
Deutsche Bank PWM BIS-RESEARCH due diligence on Caterpillar Trust (KYC 01898372, dated 2/5/2018) found zero negative media, zero court cases, zero D&B records, zero Smartlinx records. OFAC RDC alerts triggered because of name similarity to Caterpillar Inc (NYSE: CAT, which was charged with accounting fraud) but were dismissed. AML compliance confirmed trust was a new account under the Southern Financial relationship, which had been a Private Bank client since 2013. Trust address listed as USVI.
Bebe Avdiu, Legal Assistant at Darren K. Indyke PLLC at 575 Lexington Avenue 4th Floor, handled Caterpillar Trust paperwork in February 2018. On Feb 14 2018, she confirmed page 3 of a scanned document was correct and thanked the sender. This establishes Indyke PLLC as legal counsel for the trust.
Caterpillar Trust DB Account 42969987 received 15M in three Blockchain Capital wire transfers on 2/21/2018: Blockchain Capital IV LP (10.5M), Blockchain Capital III Digital Liquid Venture Fund LP (2.625M), Blockchain Capital Parallel Fund IV LP (1.875M). As of 1/31/2019 trust held 13.65M balance. On 3/18/2019, 2.16M was transferred from DB Caterpillar Trust to fund the Butterfly Trust brokerage account at Morgan Stanley.
Epstein responded to Kahn's email about the Butterfly Trust funding from Caterpillar Trust, asking about Paul Barrett's account structure: ok, try to enjoy your vacation. how did paul barrets account shield us? im going to meet with QNB people this week. Kahn replied: Paul's account was in name of alphagroup. This links the Caterpillar Trust to an entity called alphagroup and to QNB (Qatar National Bank), and reveals concern about account shielding from scrutiny.
DB account balance .65M (Jan 2019), dormant checking K (Apr-Nov 2018), wound down by April 2019
Deutsche Bank account #42969987 held ,000 in business checking (Apr-Nov 2018 statements show zero activity). However, the trust held ,653,978.34 as shown in the Jan 31, 2019 RM account listing (under RM code 81851, same as Epstein's Southern Trust Company and Wanek family entities). On March 18, 2019, ,160,000 was transferred from DB Caterpillar Trust to fund the 2013 Butterfly Trust at Morgan Stanley. The trust account was closed by customer request around March 2019. By April 4, 2019, DB could not reopen the account and discussed issuing a check for rejected wire funds to be mailed to St. Thomas address.
March 2019 restructuring: Caterpillar Trust wound down, .16M moved to Butterfly Trust at Morgan Stanley, accounts closed at Deutsche Bank
On March 18, 2019, Richard Kahn informed Epstein that the Butterfly Trust brokerage account had been opened at Morgan Stanley (FA: Andrew S. Atlas, 1290 Ave of Americas 12th Floor) and funded with approximately ,160,000 from 'db caterpillar trust.' The same day, Bella Klein processed documents to close the Caterpillar Trust and account 4659 at Deutsche Bank. Epstein asked 'how did paul barrets account shield us?' and mentioned meeting 'QNB people' (Qatar National Bank). By March 29, 2019, Deutsche Bank staff (Ruchi Lohani, Brigid Macias) discussed 'returned funds to Caterpillar' because the account was 'closed by customer request.' By April 4, 2019, the trust was described as 'wound down' and DB could not reopen the account.
On March 18 2019, approx 2.16M transferred from DB Caterpillar Trust to fund the newly opened 2013 Butterfly Trust brokerage account at Morgan Stanley. Richard Kahn emailed Epstein: Good news. Butterfly trust brokerage account has been opened at Morgan Stanley and will be funded today with approximately 2,160,000 from db caterpillar trust. Managed by Andrew S. Atlas, Senior VP Equity Sales, Morgan Stanley Wealth Management, 1290 Avenue of the Americas. Wire via Citibank 111 Wall Street.
Caterpillar Trust served as predecessor/feeder for the Butterfly Trust at Morgan Stanley. On March 18, 2019, Kahn emailed Epstein: 'Butterfly trust brokerage account has been opened at Morgan Stanley and will be funded today with approximately 2,160,000 from db caterpillar trust.' Morgan Stanley account was in name of 'The 2013 Butterfly Trust'.
Richard Kahn to Jeffrey Epstein, March 18, 2019 4:33 PM: 'Good news. Butterfly trust brokerage account has been opened at Morgan Stanley and will be funded today with approximately 2,160,000 from db caterpillar trust.' The Butterfly Trust Morgan Stanley account opened by Andrew S. Atlas (Senior VP, Equity Sales/Middle Markets, 1290 Avenue of the Americas). Wire instructions: Citibank 111 Wall St NY, for benefit of Morgan Stanley Smith Barney LLC, for further credit to The 2013 Butterfly Trust. In same thread Epstein asks about Paul Barrett/Alpha Group Capital and QNB meeting.
Caterpillar Trust DB account was closed by customer request in March 2019 and trust wound down by April 2019. On 3/18/2019, Bella Klein coordinated closing 2 DB accounts (Caterpillar Trust and 4659). On 3/29/2019, returned funds were rejected because account was already closed. On 4/4-5/2019, Deutsche Bank attempted to issue check to trustees but could not reopen account. Brigid Macias requested both trustees (Groff and Wallace) sign authorization letter. Trust administration concluded before Epstein July 2019 arrest.
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Richard Kahn demanded secrecy around trust operations. On March 23 2019, Kahn asked Stewart Oldfield to confirm he did not disclose Epstein's name when speaking with a banker. Oldfield replied: There was no discussion of any names. Not even the name of the trust. This demonstrates deliberate concealment of Epstein's connection to the trust from banking counterparties.
DB internal communications about the Caterpillar Trust on April 4 2019 involved: Daphne Cales (Director, Banking Services and Branch Manager, DB Trust Company Americas), Natalie Barak (VP, Relationship Officer, DB Wealth Management), Brigid Macias (AVP), and Stewart Oldfield. Email references TTEES for The 2017 Caterpillar Trust indicating trustee-related matters.
Caterpillar Trust had two trustees who must both sign authorization letters. On April 5 2019, Brigid Macias at Deutsche Bank Trust Company Americas sent letter to process check payable to Lesley Groff. Daphne Wallace and Lesley Groff both signed as trustees. Bella Klein coordinated. Groff joked about keeping the check. Stewart Oldfield was also consulted.
April 5, 2019 'Follow Up - Caterpillar Trust' email chain: DB Trust Company Americas (Brigid Macias, AVP) instructed trustees Daphne Wallace and Lesley Groff to sign letter authorizing a check. Groff jokes 'do I get to keep the check?' Both trustees required to sign. Groff then spoke with Stewart Oldfield (DB). Confirms Wallace and Groff acted as active co-trustees.
EFTA02281947/EFTA02282543/EFTA02282564/EFTA02282632: Email chain dated April 5, 2019 (4 versions). Brigid Macias (AVP, DB Trust Company Americas, 345 Park Ave 24th Floor) sends letter for trustees to sign to authorize check processing. Bella Klein coordinates: 'Daphne, Please sign the attached letter and forward to Lesley. Lesley please print letter after received from Daphne sign it and return to my email.' Lesley Groff jokes 'do I get to keep the check? ;)' Bella replies 'You and I wish..' Groff: 'hahahha\! can we split it? I spoke with Stewart Oldfield...' Attachment: CT LOA.docx (Letter of Authorization).
Akin Gump letter (11/19/2019) to SDNY responding to grand jury subpoena confirms 2013 Butterfly Trust and 2017 Caterpillar Trust were linked. Deutsche Bank received Butterfly Trust documents during Caterpillar Trust due diligence. The letter identifies beneficiaries of the 2013 Butterfly Trust whose payment records were compiled because of the Caterpillar Trust relationship. This links both trusts as parts of the same estate planning architecture.
DB RM code 81851 links Caterpillar Trust to Wanek family (Ashley Furniture) entities as co-managed clients
Deutsche Bank Relationship Manager code 81851 account listing (EFTA01458780, EFTA01384017) groups Caterpillar Trust alongside: Todd & Karen Wanek JTWROS, Wanek Trust of 2000, KWF 2007 LLC, SSW 2007 LLC, CRW 2007 LLC, GEW 2007 LLC, CRW 2009 LLC, GEW 2009 LLC, Shari Wagner 2014/2015 GRATs, Kati Forsythe 2014 GRAT, Ashley Holdings Inc, plus all Epstein entities (STC, Southern Financial, HBRK Associates, Neptune LLC, Hyperion Air, JEGE, Darren K. Indyke PLLC, NES LLC, Gratitude America). The Wanek entities and Epstein entities share the same Deutsche Bank wealth management relationship.
relationship (2)
DB personnel involved with Caterpillar Trust: Stewart Oldfield (personal banker, appeared on account statements), Natalie Barak (VP/Relationship Officer), Brigid Macias (AVP), Daphne Cales (Director/Branch Manager), Cynthia Rodriguez (AVP). Oldfield met Epstein at 9 E 71st St on Jan 30, 2017 with Todd Stevens from DB and attended with Rich Kahn. Oldfield also involved with Gratitude America and BV 70 LLC (Leon Black entity).
EFTA02662720: Jan 30, 2017 meeting schedule: 'Stewart Oldfield and Todd Stevens w/DB 4:15pm arrival' at 9 E 71st St. Same day: 11:30am Rich and Darren, 1:30pm unnamed, 3pm Boris Nikolic, 3:30pm Steve Hanson, 4:15pm Oldfield/Stevens. EFTA02661858: Same meeting, time moved to 4:30 with Leon Black at 5pm. EFTA02615635: Kahn discusses BV 70 LLC with Oldfield re Gratitude America - 'Stewart was unsure if Brad/Leon would actually provide'. EFTA01387948: Daphne Cales email about TTEES for The 2017 Caterpillar Trust, April 4, 2019.
DB wealth management team: Stewart Oldfield (RM), Daphne Cales (Branch Director), Brigid Macias (AVP), Natalie Barak (VP/RO), Cynthia Rodriguez (AVP), Bradley Gitlin
Deutsche Bank Trust Company Americas (345 Park Ave, 24th Floor, NYC 10154) personnel servicing the Caterpillar Trust account: Stewart Oldfield was the primary relationship manager (named on bank statements June 2018 onward, met Epstein at 9 E 71st on 1/30/2017 with Todd Stevens). Daphne Cales was Director of Banking Services & Branch Manager. Brigid Macias was AVP handling trust correspondence and check processing. Natalie Barak was VP/Relationship Officer. Cynthia Rodriguez was AVP who requested the rush KYC/AML clearance and was the initial contact (named on April 2018 statement). Bradley Gitlin also involved in branch operations.
intelligence (3)
Caterpillar Trust structurally mirrors the 2006 Butterfly Trust but with different trustees. Butterfly Trust (Dec 27, 2006): Grantor=Epstein, Trustees=Indyke+Kahn, Beneficiaries=Kellen+Marcinkova+Maxwell. Caterpillar Trust (Jan 3, 2017): Grantor=Epstein, Trustees=Wallace+Groff (assistants, not lawyers). The caterpillar-to-butterfly naming suggests intentional lifecycle pairing: Caterpillar as investment/accumulation vehicle feeding into Butterfly as distribution vehicle.
The Butterfly Trust (EFTA01282018) was a USVI-law irrevocable trust with broad investment and distribution powers. Original beneficiaries: Sarah Kellen, Nada Marcinkova, Ghislaine Maxwell. Later added: Jennifer Kalin and Alina Boiko (March 28, 2011), Susan Hamblin (March 24, 2011). The Caterpillar Trust replaced the principal-level trustees (Indyke/Kahn) with operational staff (Wallace/Groff). The March 18, 2019 $2.16M transfer from DB Caterpillar to MS Butterfly confirms the feeding relationship. Hypothesis: Caterpillar received investment proceeds (e.g., from Blockchain Capital/crypto investments), then fed distributions to Butterfly Trust for onward distribution to beneficiaries.
No trust agreement document for the 2017 Caterpillar Trust found in any corpus (DOJ, DugganUSA, LMSBAND, Unified). The Butterfly Trust agreement (EFTA01282018, 23 pages) is fully available, but the Caterpillar Trust agreement itself was not produced. The trust's beneficiaries remain unknown - unlike Butterfly Trust which named Kellen, Marcinkova, Maxwell. The beneficiary question is critical: does Caterpillar serve the same beneficiaries or different ones?
Searched: DOJ Vol 11 (15 results, no trust agreement), DugganUSA (221+ results, no trust agreement), LMSBAND (15 results, no trust agreement), Unified (15 results, no trust agreement), ICIJ (unavailable - neo4j not installed), OCCRP Aleph (API error), LittleSis (0 results), CourtListener (no Epstein-specific results), EpsteinExposed (0 results for Caterpillar, only Caterpillar Inc. references), GDELT (no relevant articles). Web searches found Blockspace.media, Grokipedia, and social media commentary but no trust agreement text or beneficiary identification.
Bella Klein (Indyke PLLC staff) asked on 2/6/2018: 'I should probably know...but I don't recall...what is the Caterpillar Trust for?' This indicates even members of the inner circle handling trust paperwork did not understand its purpose. The trust was administered through Darren K Indyke PLLC at 575 Lexington Avenue 4th Floor NYC. Bebe Avdiu (legal assistant at Indyke PLLC) handled trust documents. Richard Kahn (HBRK Associates Inc, same address) managed trust finances and investment transfers.
document (1)
Key Deutsche Bank personnel handling Caterpillar Trust account: Cynthia Rodriguez (Assistant VP, initial account opening and KYC), Stewart Oldfield (account contact from June 2018), Natalie Barak (VP, Relationship Officer, WM), Brigid Macias (Assistant VP, trust wind-down), Daphne Cales (Director, Banking Services and Branch Manager), Bradley Gitlin, Ruchi Lohani (DBOI Global Services). DB bankers were the ones who confirmed trust was wound down and proposed issuing check to trustees or accountant.