CONFIDENTIAL — JOINT INVESTIGATION

EdR-Epstein Joint Investigation Status Board

Collaborative Intelligence Summary | BARSS × Bouladon
10 workstreams. 87 confirmed facts. 34 open leads.
March 05, 2026 | Wesley Bertil, BARSS LLC & Alice T. Bouladon, Geneva

Investigation Threads

Overview

Network Map
Timeline
Thread Status
Money Flows
Active — 11 confirmed / 3 open

Thread 1: The $25M Advisory Contract

Two contracts, two payers, one intermediary. Phi = 0.429.

Confirmed Facts

#FactSourceDate
1First draft contract: $25M, names Epstein via Southern Trust CompanyDOJ corpusOct 5, 2015
2Signed contract: $15M, Epstein's name removed, replaced with Darren IndykeEFTA01125101Nov 3, 2015
3Sliding-scale fee: $25M if penalty <$75M; $10M if penalty $75-150MDOJ corpusNov 2015
4Wire 1: $10,000,000 from EdR (Suisse) SA → Southern TrustDOJ GlossaryDec 17, 2015
5Wire 2: $14,999,980 from Benjamin de Rothschild (personal) → Southern TrustDOJ GlossaryDec 21, 2015
6Total wired: $24,999,980 — matches first draft, not signed contractBARSS analysisDec 2015
7DOJ penalty: $45,245,000. Maximum payout triggered.NPA EFTA00590334Dec 15, 2015
8Epstein email: "45 million legal (kathy plus pillsbury ~10, me 25) all less than 80"Le Temps Mar 2, 2026Dec 11, 2015
9Phi = $15M / $35M savings = 0.429 — within EEDTM Phi band (0.40–0.45)BARSS
10PGSL at micro scale: EdR net savings = $0 ($45M + $25M + ~$10M legal ≈ $80M)BARSS
11Pillsbury paid by Epstein entities: $235,000 ($100K + $135K) — despite representing EdREFTA01912215
Alice's Contributions: Found the $15M signed contract (EFTA01125101), unlocking the two-payer structure. Identified the separate ~$11M "strategic advisory" payment for family governance advice. Noted the two contract versions (Oct vs Nov 2015).

Open Leads

#QuestionPriority
1Where is the second contract (for the ~$10M corporate wire)? No signed document for that tranche located.HIGH
2Was the $80M initial DOJ figure genuine or Epstein's invention? Swiss Bank Program comparables suggest $55-60M expected penalty.MEDIUM
3The $7.5M wire from EdR to Epstein entities in July 2019 (6 weeks before death). What was this for?HIGH
Phi Comparison
Active — 8 confirmed / 4 open

Thread 2: Kathryn Ruemmler (The Institutional Bridge)

111 records in DOJ corpus. White House → Latham → EdR NPA → Goldman GC → resigned.

Confirmed Facts

#FactSourceDate
1111 distinct records in DOJ Epstein-JPMorgan-USVI corpus. 3× Dershowitz's footprint.BARSS density analysis
2Career: White House Counsel (2011-2014) → Latham partner → Goldman Sachs GC (2020) → resignedPublic record
3"Spa day" email: Epstein to Groff, CC Ruemmler + "A. de Rothschild": "coordinate and pay for spa day for all the girls in geneve"EFTA02196386Dec 7, 2016
4NPA real-time discussion: Ruemmler to Epstein: "another NPA announced today... Rothschild AG in Zurich... only $11mm penalty." Epstein: "rothschild zurich. yes freaked."EFTA02499978Jun 4, 2015
5Forwarded 1MDB raid article to Epstein after 90-officer raid on EdR LuxembourgSarawak Report Feb 2026Sep 2, 2016
6Jan 14, 2016 meeting at 9 E. 71st: 3:00 PM Ariane + Tobiano; 3:30 PM Ruemmler; 3:45 PM Marc Rowen + Siddiqui (Apollo). Ruemmler flew DC shuttle for this.DOJ schedulingJan 14, 2016
7"Amici" emails: Epstein directed Ruemmler to recruit amicus briefs AGAINST victims' CVRA claims. "Let main justice know quietly."EFTA02498478
8Groff scheduling: Ruemmler at dinner with Bill Burns (CIA), Woody Allen, Peter Thiel; coordinating Cass Sunstein + Samantha Power invite.EFTA02098197, EFTA02097828
Key Finding: The "freaked" email (Jun 4, 2015) proves Ruemmler-Epstein legal coordination on EdR was active 4 months BEFORE the formal advisory contract. She wasn't hired for the NPA... she was already working it.

Open Leads

#QuestionPriority
1What compliance decisions did Ruemmler influence at Goldman Sachs?MEDIUM
2Did Goldman's Epstein-related banking overlap with Ruemmler's tenure?MEDIUM
3Who else attended meetings at Epstein's residence during Ruemmler's documented visits?LOW
4The "rapid-fire" scheduling windows — what was discussed in 15-minute turnover?LOW
Active — 15 confirmed / 5 open

Thread 3: The Introduction Chain (Roed-Larsen / Aidan / Colom)

Norwegian diplomat → UN aide → EdR insider. Recruited into EdR by Epstein. Two now charged/fired.

Terje Roed-Larsen

FactSourceStatus
Oslo Accords architect, IPI President (2005-2020). Introduced Colom to Epstein (April 2011), then Ariane to Epstein (June 2013).EFTA_R1_00275346CHARGED
Financial: $130K loan, $250K during introduction period, $650K to IPI. $10M in Epstein's will ($5M per child).DOJ corpus
Wrote visa letters for trafficking victims claiming "extraordinary abilities."DOJ corpus
Luxembourg trip Jan 11-12, 2012. One year before Ariane introduction. EdR Luxembourg at 4 rue Robert Stumper since 1969.EFTA02299325
CHARGED Feb 9, 2026: Okokrim (Norway), aiding and abetting aggravated corruption. Wife Mona Juul charged. Ex-PM Jagland charged in same probe.Okokrim press releaseCHARGED

Fabrice Aidan

FactSourceStatus
UN official (2006-2013), Roed-Larsen's Special Assistant at IPI. Named 200+ times in Epstein files.DOJ corpusFIRED
Transmitted UN Security Council briefings and Ban Ki-moon readouts to Epstein via official UN email.DOJ corpus
FBI flagged (2013): Child pornography website access.DOJ corpus
Epstein placed him at EdR (Jan 2014-2016) as international affairs lobbyist. Colom confirmed: "I'm hiring Fabrice."EFTA00663432
Fired from Engie Feb 2026. Still on Quai d'Orsay payroll. French prosecutors investigating.Alice's Colom reportUNDER INVESTIGATION

Olivier Colom

FactSourceStatus
EdR France → Group Secretary-General (2013). Email footer: @edr.com / "Edmond de Rothschild (France)."DOJ corpus
Asked Epstein to help Bruno Le Maire raise funds (Sep 2013). Same ENA class (Marc Bloch 1997).EFTA00663432
Arranged visa help for Epstein's "assistants" via Lortholary (Nov 2014).EFTA_R1_01297295
"Saw her tonight in Paris. She read your email" — reporting on Ariane to Epstein.EFTA00663432
Severance ~EUR 1.5M + NDA negotiated BY Epstein. The man he introduced to the bank.DOJ corpus
Bertrand Lortholary: ENA Marc Bloch 1997. Consul General NY (2012-2016) during visa assistance. Currently Ambassador to China. Zero consequences.
Alice's Contributions: Professional-grade Colom report identifying the full introduction chain. Confirmed Aidan fired from Engie Feb 2026. Le Maire-Colom ENA connection. Nadine as Epstein target.

Open Leads

#QuestionPriority
1What did Roed-Larsen do in Luxembourg Jan 11-12, 2012? Was he scoping EdR before the introduction?HIGH
2What is "Consuela"? Roed-Larsen described Colom as "boss of Consuela."MEDIUM
3Full terms of Colom's NDA — does it cover Epstein specifically?MEDIUM
4Is Aidan cooperating with French prosecutors? Trajectory suggests institutional protection.HIGH
5Lortholary accountability — any Quai d'Orsay internal review?LOW
Confirmed — 10 confirmed / 3 open

Thread 4: 1MDB / KAQ / EdR Luxembourg Conviction

$472.75M laundered. First Luxembourg bank ever convicted of money laundering (May 2025).

Confirmed Facts

#FactSourceDate
1$472,750,000 laundered through "Vasco Account" at EdR Luxembourg. Four wire transfers.DOJ complaint Jul 2020May-Nov 2012
2Client: Khadem al-Qubaisi (KAQ), ex-MD IPIC, Chairman Aabar. Serving 15 years Abu Dhabi.Abu Dhabi court2019
3CEO during offense: Marc Ambroisien (2012-2015). Received EUR 250K Aston Martin from KAQ.CSSF, Luxembourg parquet
4CSSF fine: EUR 8,985,000Le Temps Jun 22, 2017Jun 2017
590-officer raid on EdR Luxembourg HQ. 153 reports, wiretaps.Le TempsJun 2016
6First Luxembourg bank convicted of money laundering (May 22, 2025). EUR 25M confiscated. Plea deal.Le QuotidienMay 2025
7Ambroisien CSSF-banned 10 years (March 2020), charged Jan 24, 2022.CSSF communiqué2020/2022
8Epstein consulted on 1MDB crisis: late-night call with Cynthia Tobiano about Sarawak Report article on Jho Low.Sarawak Report Feb 2026Oct 2015
9Ruemmler forwarded 1MDB raid article to Epstein.Sarawak ReportSep 2, 2016
10BSI (Lugano) connection: same 1MDB money, BSI shut down 2016.BARSS analysis2016
Alice's Contributions: Le Quotidien article documenting conviction. Le Temps articles on CSSF fine and BSI whistleblower. Paperjam entity details.

Open Leads

#QuestionPriority
1Who are the unnamed employees targeted by Luxembourg parquet alongside Ambroisien?HIGH
2KAQ cooperation status from Abu Dhabi — testimony against EdR personnel?MEDIUM
3Tobiano-Epstein 1MDB consultation: part of formal advisory or separate?MEDIUM
Active — 8 confirmed / 3 open

Thread 5: Bogdanchikov / Thewes / Mossack Fonseca

$100M+ claim. VP of private banking sold himself as "close confidante of the baroness." Multi-jurisdiction dismissals.

Confirmed Facts

#FactSource
1Plaintiff: Sergei Bogdanchikov, ex-CEO Rosneft (1998-2010). Claim: $100M+ for $81M lost of $150M portfolio.NY Supreme Court 655263/2020
2Perpetrator: Carlo Thewes, VP Private Banking EdR Luxembourg. "Close confidante of the baroness." Invited Bogdanchikov to Château de Rothschild.NY complaint
3Mechanism: falsified account statements, funds to NY shell companies, inflated fees for kickbacks.NY complaint
4Shell companies via Mossack Fonseca: Hansen Limited, Hansen Invest Limited, Floridana Investments Limited.NY complaint
5Intermediaries: Vladimir & Olga Oblonsky (Fontanelle Capital, Brooklyn), Mikhail Filimonov (OIM Capital, Manhattan).NY complaint
6Case dismissed Nov 2021 (forum non conveniens). Already failed in Luxembourg and Switzerland.Court records
7ICIJ cross-ref: EdR = ACTIVE Mossack Fonseca intermediary (3 entities). Also linked to Alcogal in Pandora Papers.ICIJ database
8Alcogal overlap: Bogdanchikov in Pandora Papers via Alcogal. EdR's Banque de Gestion also via Alcogal. Two shared offshore law firms.ICIJ database
Alice's Contributions: Le Temps article (Oct 2020) on the lawsuit. Named Carlo Thewes as "senior executive close to Ariane." Three Alcogal articles deepening infrastructure picture.
Cross-Investigation Note: Alcogal also appears in BARSS's separate BAM BAM investigation (Haiti oligarch families: Bigio, Brandt, Acra all share Alcogal). Same offshore infrastructure provider, different client sets.

Open Leads

#QuestionPriority
1Where is Carlo Thewes now? Ambroisien was banned 10 years. No equivalent sanction found for Thewes.HIGH
2Additional Alcogal-EdR links beyond Pandora Papers data point?MEDIUM
3Connection between Haiti BAM BAM families' Alcogal shells and EdR offshore infrastructure?LOW
Active — 4 confirmed / 4 open — ALICE'S LEAD

Thread 6: Pardini / Quintet / Gulf Sovereign Wealth

EdR Luxembourg insider moves to Qatar-owned bank. Client migration? Infrastructure continuity?

Confirmed Facts

#FactSource
1Stéphane Pardini left EdR Luxembourg (Nov 2024) for Quintet Private Bank Luxembourg. Head of Wealth Management, group executive committee.Alice (Mar 4, 2026)
2Quintet = formerly KBL European Private Bankers. Owned by Qatar's Al-Thani family via Precision Capital since 2012.Alice research
3Pardini survived 7+ years at EdR Luxembourg AFTER the 2017 management purge. He outlasted the housecleaning.BARSS analysis
4Yves Stein (current EdR Luxembourg CEO) was ex-KBL — the same bank that became Quintet. Revolving door.Entity profile
This entire thread is Alice's contribution. The Pardini lead is 100% her work (March 4, 2026).

Open Leads

#QuestionPriority
1Did Pardini carry client relationships from EdR to Quintet?HIGH
2Who else left EdR Luxembourg in 2023-2024, and where did they land?HIGH
3Connection between Pardini-to-Quintet and KAQ/1MDB pipeline? (Abu Dhabi IPIC vs Qatar Al-Thani... different states, overlapping SWF networks)MEDIUM
4KBL's apartheid-era sanctions-busting history (Kredietbank: 70% of weapons purchases, 850 accounts). Did Quintet inherit infrastructure?LOW
Confirmed — 7 confirmed / 4 open

Thread 7: Collardi / Julius Baer / Merger Proposal

Barak → Collardi → Epstein → Ariane. Merger talks + $28M Morocco wires pre-arrest.

Confirmed Facts

#FactSourceDate
1Ehud Barak sends Collardi's vCard to Epstein. Subject: "Collardi Boris."EFTA01743023Nov 24, 2016
2Epstein emails Collardi at JB address: "tax efficient and control efficient structures... eventual merger." Corporate disclaimer footer = through monitored systems.EFTA01785744Nov 25, 2016
3"Interesting follow up calls with Collardi and Ehud."EFTA02336875Feb 26, 2017
4Dinner with Collardi in Paris, booked through Groff.EFTA02211210May 14, 2017
5Barak: CHF 600K "rainmaker" agreement.Reporting
6JB Morocco wires pre-arrest: EUR 11.15M (Jun 26, reversed) + $14.95M (Jul 4, canceled Jul 9). Both to "Marc Leon, Marrakech."DOJ corpusJun-Jul 2019
7Rothschild [C] stock trading via Deutsche Bank (~EUR 2.8M, 100K shares). Timing = merger discussions.EFTA01371600-03May 2017

Open Leads

#QuestionPriority
1Did JB compliance review the Epstein-Collardi email? Corporate footer means monitored.MEDIUM
2What was "the reality of the future"? Benjamin's health? Succession?MEDIUM
3$28M Morocco transfers — what was being liquidated? Where was it going?HIGH
4Was the [C] stock trade positioning for the merger?MEDIUM
Confirmed — 12 confirmed / 3 open

Thread 8: Ariane de Rothschild (Personal Entanglement)

Furniture to Little St James. Israel foundation. Jacob correspondence shared. Private email domain. 65.94% control.

Confirmed Facts

#FactSource
1Epstein paid EUR 86,895.60 for furniture Ariane purchased at Piasa auction house. 5 pieces shipped to Little St James via Art Transit. Overlaps NPA contract period.EFTA02717034, EFTA01732271-72
2Israel foundation trips: Ariane flying privately, simultaneously ordering Rana Goor bronzes for Epstein's island.EFTA02388694
3Barak-Ariane Geneva breakfast brokered by Epstein. "Like the last time" = recurring. Barak: "that what happens where she first pay then check."EFTA01921900
4L'Ami Louis dinner: Ariane organizing with Roed-Larsen and Aidan.EFTA01933360
5Jacob Rothschild correspondence shared with Epstein. "So english and so hypocritical." Used Epstein as sounding board.DOJ corpus
6Corporate opacity: branch separation (Jun 2018, 13mo pre-arrest) → delisting (Aug 27 2019, 6wk post-death) → Benjamin dies (Jan 2021) → Ariane CEO (2023).SIX records
7Ariane controls 65.94% via four daughters' votes. Zero public disclosure since delisting.Corporate records
8Private email: aderfam.ch for Epstein comms. Not bank infrastructure.DOJ corpus
9Sultan bin Sulayem (DP World): regular Epstein correspondent. "He had an American girl with him." $125M bridge loan. 82 marine terminals, 40 countries.EFTA01755821
Alice's Contributions: Perplexity Pro research on dual-branch structure and genealogy. Ariane = wife of Benjamin, daughter-in-law of Edmond. Nadine de Rothschild intel: Epstein advised "castrating" her; she moved assets to Pictet. "Christophe" perfume insult.
Cold — 5 confirmed / 2 open

Thread 9: Lesley Groff (Operational Coordinator)

FBI: "primary contact for the girls in NY." $200K+ payments. Managed the Power/Money lists.
#FactSource
1FBI memo: "primary contact for the girls in NY." Meeting with FBI/SDNY "generally positive."EFTA01649143
2$200K+ documented payments ($100K Jan 2016, $100K Jan 2017).DOJ corpus
3Coordinated ALL key EdR-network meetings at Epstein's residence.DOJ scheduling
4Managed "Power" and "Money" seminar lists: Gates, Clinton, Summers, Staley, Thiel, Bezos, Milken.EFTA01849086
5Bill Burns / Woody Allen / Ruemmler / Peter Thiel — all same-day scheduling.EFTA02098197
Confirmed — 6 confirmed / 2 open

Thread 10: ICIJ Offshore Infrastructure

Panama Papers + Paradise Papers + Bahamas Leaks + Pandora Papers. Alcogal shared with Haiti BAM BAM families.
LeakEdR EntitiesDetails
Panama Papers (Mossack Fonseca)3 active + 1 suspendedActive intermediary relationship
Paradise Papers (Appleby)EdR SPC (Cayman), Baron Edmond personal, EdR Monaco, EdR LuxembourgMultiple jurisdictions
Bahamas LeaksEdR (Bahamas) Ltd + EdR Advisory and Asset (Bahamas)Caribbean presence
Pandora Papers (Alcogal)Banque de Gestion Edmond de RothschildShared with BAM BAM families
Alcogal Nexus: Both EdR (via Banque de Gestion) and BARSS's Haiti BAM BAM targets (Bigio, Brandt, Acra) use Aleman, Cordero, Galindo & Lee as their offshore law firm. 14,000+ shell companies. >1/3 linked to Swiss intermediaries.
Intelligence Attribution

Alice Bouladon: Consolidated Contributions

14 intelligence items across 7 days. One thread entirely hers.
Alice Contributions
DateItemImpactThread
Feb 27Professional Colom report (full BI product)Identified Roed-Larsen / Aidan / Colom chainThread 3
Mar 1$11M strategic advice figureExplained gap between $15M contract and $25M wiredThread 1
Mar 2$15M contract correction (EFTA01125101)Key unlock for two-payer structureThread 1
Mar 2Rothschild genealogy + dual-branch structureParis branch lineage, 2018 settlementThread 8
Mar 2Le Temps (Ruche, Mar 2, 2026)First public reporting: advisory value, Collardi, NadineThreads 1, 7, 8
Mar 2Le Temps (Oct 2020) BogdanchikovNY lawsuit, "close to baroness" quoteThread 5
Mar 2Le Quotidien (May 2025) 1MDB convictionFirst Luxembourg bank convictedThread 4
Mar 2Le Temps (Jun 2017) CSSF fineEUR 9M fine documentationThread 4
Mar 2Paperjam EdR entity dataRegistration B19194, address, personnelThread 4
Mar 3NPA analysis acknowledged + Aleman Cordero research startedConfirmed $80M = Epstein inventionThread 1
Mar 4Pardini → Quintet lead (entirely new thread)EdR-to-Gulf-SWF pipeline discoveredThread 6
Mar 4Three Alcogal articles (AFP, Le Temps, Public Eye)Infrastructure-level understandingThread 5, 10
Mar 5Bruno Le Maire typo correctionAccuracyThread 3
Mar 5French humor video (Palestine-Mossad angle)Morale
Action Items

Immediate Priorities

March 5, 2026
#ActionOwnerPriority
1Indyke deposition (March 5). He is the name on the contract, Southern Trust director, $25M wire recipient. Questions: contract structure, wire routing, July 2019 $7.5M wire.MonitorURGENT
2Thewes: where is he now? Ambroisien banned 10 years. No equivalent sanction found for Thewes. Alice best positioned (Geneva network).AliceHIGH
3Pardini: client migration audit. Who else left EdR Luxembourg 2023-2024? Where did they go? Pattern or one-off?AliceHIGH
4Alcogal deep dive. Cross-reference EdR + BAM BAM offshore footprints in ICIJ database.WesleyMEDIUM
5Second contract hunt. The ~$10M corporate wire has no documented contract. Search DOJ corpus for any engagement letter beyond EFTA01125101.WesleyMEDIUM
6Morocco wire trace. Marc Leon / Kensington Morocco / $28M attempted through JB Zurich. What was being liquidated?AliceMEDIUM

Method Note

How this board works. Every cell in the "Confirmed" columns is an empirically established fact... a court filing, a DOJ document number, a published article, a corporate record. Nothing in those columns is interpretation.

The "Open Leads" columns are where the probability hasn't been run yet. Each question is testable: it has a specific answer that can be found in a specific place. The investigation advances by converting open leads into confirmed facts.

When enough confirmed facts accumulate in a thread, patterns emerge. The pattern across Thread 1 (Phi = 0.429), Thread 4 ($472M laundered), and Thread 7 ($28M Morocco) is: EdR was not a passive victim of Epstein. It was an active participant in a financial ecosystem that moved hundreds of millions across jurisdictions with decreasing compliance at each step.

That's not a conclusion. It's what the confirmed facts say when you put them next to each other.