Who is Martin Zeman in the Epstein files?

He is a Deutsche Bank employee, with a martin.zeman@db.com address and a role in credit derivatives sales. The files show him handling and discussing the bank's relationship with Southern Financial LLC, an Epstein-linked entity, in 2017–2018. He also appears as the named investment specialist on account statements for Epstein-related accounts. 654 documents mention him, and 165 are emails where he is a sender or recipient.

What was his role in Deutsche Bank's handling of Southern Financial LLC?

The emails show him as the sales-side contact. In March 2018 he asked a colleague to set up the client for credit derivatives and convertible bonds. He was then copied on the compliance follow-up: KYC document collection, a flagged KYC breach, and an AML escalation in May 2018. The messages show a business-development and coverage role, and the compliance work is mostly done by others. Nothing in the material reviewed says he did anything unlawful.

Do the documents show wrongdoing by Martin Zeman?

No. The documents show him taking part in routine banking and compliance communications about an Epstein-linked client. They do not accuse him of misconduct, and being named on statements as an investment specialist or copied on emails is not evidence of wrongdoing. Some records bear grand-jury and SDNY production stamps. This shows the bank's files were collected in an investigation, not that he was a target.

Who else appears alongside him in these records?

His most frequent co-appearances are Martha Stewart (330 shared documents), Stewart Oldfield (288), Davide Sferrazza (240), Xavier Avila (239) and Nina Tona (216). Avila, Sferrazza and Tona are Deutsche Bank colleagues in these email threads. Name-matching on the archive may group unrelated mentions, so the Martha Stewart count should not be read as a personal link.

Who is Martin Zeman in the Epstein files?

He is a Deutsche Bank employee, with a martin.zeman@db.com address and a role in credit derivatives sales. The files show him handling and discussing the bank's relationship with Southern Financial LLC, an Epstein-linked entity, in 2017–2018. He also appears as the named investment specialist on account statements for Epstein-related accounts. 654 documents mention him, and 165 are emails where he is a sender or recipient.

What was his role in Deutsche Bank's handling of Southern Financial LLC?

The emails show him as the sales-side contact. In March 2018 he asked a colleague to set up the client for credit derivatives and convertible bonds. He was then copied on the compliance follow-up: KYC document collection, a flagged KYC breach, and an AML escalation in May 2018. The messages show a business-development and coverage role, and the compliance work is mostly done by others. Nothing in the material reviewed says he did anything unlawful.

Do the documents show wrongdoing by Martin Zeman?

No. The documents show him taking part in routine banking and compliance communications about an Epstein-linked client. They do not accuse him of misconduct, and being named on statements as an investment specialist or copied on emails is not evidence of wrongdoing. Some records bear grand-jury and SDNY production stamps. This shows the bank's files were collected in an investigation, not that he was a target.

Who else appears alongside him in these records?

His most frequent co-appearances are Martha Stewart (330 shared documents), Stewart Oldfield (288), Davide Sferrazza (240), Xavier Avila (239) and Nina Tona (216). Avila, Sferrazza and Tona are Deutsche Bank colleagues in these email threads. Name-matching on the archive may group unrelated mentions, so the Martha Stewart count should not be read as a personal link.

Back to People & Entities

Martin Zeman

Person

654

Total Mentions

654

Documents

526

Connected Entities

Individual referenced in Epstein documents

Watch: Martin Zeman in the Epstein files

1:13

Narrated from the AI-generated summary of the documents. Numbers reflect the archive at generation time.

Martin Zeman appears in the files as a Deutsche Bank sales professional (Global Credit Derivatives) who sat in the middle of the bank's 2017–2018 onboarding and KYC (know-your-customer) work for Southern Financial LLC, an entity tied to Jeffrey Epstein. He is also named as the "Investment Specialist" contact on account statements for Epstein-linked accounts, including one addressed to the Jeffrey Epstein Virgin Islands Foundation.

Most of the 654 documents are internal Deutsche Bank emails from 2017–2018, and he is in the From/To/Cc header of 165 of them. In these he asks Deutsche Bank colleagues to set up Southern Financial for credit derivatives and convertible bonds, and he is copied on threads about KYC documents, AML (anti-money-laundering) escalations and a "KYC Breach" for Southern Financial, LLC. About 60 further records are brokerage-style statements and investment records. They list "MARTIN ZEMAN" with a 212 phone number and a 345 Park Avenue, New York address in the "Your Investment Specialist" block, which points to him as the relationship contact rather than the account holder. Some of these records carry grand-jury and SDNY (Southern District of New York) production stamps, which show they were later handled in a federal investigation.

Key Highlights

•A March 2018 email chain has Martin Zeman telling a colleague (Zack Bunimovich) to "go ahead and set them up for credit derivatives as well as convertible bonds." Managing Director Xavier Avila later follows up asking for the status of this "urgent request." The thread is about Southern Financial.
•He is copied on or addressed in many threads about Southern Financial LLC: KYC documents such as the operating agreement and financials, a case-manager discussion, an AML escalation in May 2018, and a "KYC Breach" email in April 2018. Colleagues in these threads include Nina Tona, Davide Sferrazza, Zack Bunimovich and Xavier Avila.
•An internal Deutsche Bank approval-request form lists him as Business Sponsor (Sales Person) for Global Credit Derivatives, with Xavier Avila as Business Approver. This fits a coverage role over the client relationship.
•Account statements for Epstein-linked accounts name him as the investment specialist and list his phone number. Their scanned text is garbled, but the portfolio figures shown include a beginning value of roughly $23 million in one statement and roughly $17.9 million in another. One statement is addressed to the Jeffrey Epstein Virgin Islands Foundation.
•He is on invitee lists for an "Account Planning" meeting for a Deutsche Bank client and on documents marked with grand-jury confidentiality (Fed. R. Crim. P. 6(e)) and DB-SDNY production numbers. The documents show Deutsche Bank's internal records being gathered in a federal investigation. They do not say he was a subject of it.
•Calendar entries show routine client and colleague contact, such as a lunch at Milos in August 2018.

Frequently Asked Questions

Books for Further Reading

Perversion of Justice: The Jeffrey Epstein Story

Julie K. Brown

Investigative journalism that broke the Epstein case open

Filthy Rich: The Jeffrey Epstein Story

James Patterson

Bestselling account of Epstein's crimes and network

Relentless Pursuit: My Fight for the Victims of Jeffrey Epstein

Bradley J. Edwards

Victims' attorney's firsthand account

Document Mentions (20 of 654)

EFTA01290514.pdf

EFTA01290514

1 mention

019 Account Number Portfolio at a Glance %%Period Year4o-Cele Your Investment Specialist BEGINNING ACCOUNT VALUE 23,268,984.84 33,268,984 84 MARTIN ZEMAN Adjusted Previous Account Value 3,268,984.84 3,268,984 64 Dividends lateral and Other Income 6,409.31 6,409.31 Estimated Anneal Income 36,409

EFTA01290105.pdf

EFTA01290105

1 mention

Account Number: Portfolio at a Glance ThisPerlad Yeur4o-Date Your Investment Specialist: BEGINNINGACCOUNT VALUE 85,205,298.67 $5,205,298.67 MARTIN ZEMAN Net Cash Deposits and Withdrawals 4,000,909.00 4,000,000.00 Adjusted Previous Account Value 1,205,298.67 1,205,298.67 Dividends. Interest and

EFTA01291276.pdf

EFTA01291276

1 mention

P.O. Box 1776, Baltimore, MD 212O3 JEPSTBN VIRGIN ISLANDS FOUNDATION INC 6/30 RED HOOK QUARTER B3 ST THOM ASVI00802 Your Investment Specialist. MARTIN ZEMAN (212) 250-0432 Asset Summary NOW,. Sant Private MOM Min/eaten Mulct Contn. 6, w{ oitehaw Sank SetwItlei Fic Nov ten Me HS ft ilk Autry. MO Mo

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EFTA01290414.pdf

EFTA01290414

1 mention

tity displayed may have been rounded. Client Service Information 0.00 6,105.99 0.00 6,105.99 USD Your Investment Swigs:2BI Corded InfotmatIon MARTIN ZEMAN Your Account Information Telephone Number: ( TAX LOT DEFAULT DISPOSITION METHOD Default Method for Mutual Funds: First In First Out Default Met

EFTA01291791.pdf

EFTA01291791

1 mention

count Number: Portfolio at a Glance ThisPeriod Year-k Date Your Investment Specialist. BEGIN NI NG ACCOUNT VALUE 917,931,001.10 $16,956,877.74 MARTIN ZEMAN Net Cash Deposits and Withdrawals 0 00 .213.072.07 Adjusted Previous Account Value 17,931,001.10 16,713,805.67 Dividends, Interest and Other I

EFTA01297869.pdf

EFTA01297869

1 mention

uthern Financial LLC update [SC] Follow Up Flag: Follow up Flag Status: Flagged From: Kimberly Hart Sent: Monday, October 02, 2017 4:53 PM To: Martin Zeman <[email protected]>; Keith Buckholz Cc: Stewart Oldfield < >; Xavier Avila Daniel-E Kaiser a Subject: RE: Southern Financial LLC update [SC] C

Sponsored

EFTA01355980.pdf

EFTA01355980

1 mention

Product Name - GED Global Credit Derivatives Business Sponsor (Sales Person) - John Kennedy Martin Zeman Business Approver (Managing Director) Joe Aglione Xavier Avila Follow the following link to see full request details: htto://dbcar.gto.intranet.db

EFTA01358357.pdf

EFTA01358357

1 mention

Thank you Nina Tona From: Xavier Avila Sent: Tuesday, February 20, 2018 7:00 PM To: Nina Tona ; Davide-A Sferrazza a; Alastair Mackinlay Cc: Martin Zeman ; Joshua Shoshan ; Billy Obregon Subject: RE: GM KCP Bible - Action Plan - Update I ill Good work, let's review later this week.... From: Nina T

EFTA01358355.pdf

EFTA01358355

1 mention

Nina Tona From: Xavier Avila Sent: Tuesday, March 13, 2018 2:32 PM To: Nina Tona Cc: Joshua Shoshan Davide-A Sferrazza ; Alastair Mackinlay ; Martin Zeman < ..; Billy Obregon Ian Salters Subject: Re: GM KCP Bible - Action Plan Update I KYC Priority List [I] Both GBK and GKFF have trades in the books

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EFTA01358358.pdf

EFTA01358358

1 mention

From: Davide-A Sferrazza Sent: 2/8/2018 12:03:02 PM To: Nina Tona CC: Martin Zeman ; Liam 0sullivan Subject: Southern Financial KYC dots ICI Attachments: Southern Financial Operating Agreement.pdf; Southern Trust Company Inc. Fi

EFTA01358382.pdf

EFTA01358382

1 mention

egus Sent: Monday, April 16, 2018 9:03 AM To: Xavier Avila Akash Malhotra Cc: Shawn Staker NCAOTC Derivatives Chopra Alka Gopala Ian Salters Martin Zeman Subject: RE: KYC Breach_SOUTHFINANMD_Southem Financial, LLC_FFT Location [I] Classification: For Internal use only I would re-book to London if th

EFTA01358407.pdf

EFTA01358407

1 mention

Martin lunch Location: Milos - 125 West 55th Start: 8/6/2018 1:00:00 PM End: 8/6/2018 2:30:00 PM Show Time As: Tentative Recurrence: (none) Martin Zeman This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communicati

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EFTA01358409.pdf

EFTA01358409

1 mention

L.P. KCP US AB Centaurus Capital LP Thank you Nina Tona From: Xavier Avila Sent: Tuesday, February 20, 2018 7:00 PM Davide-A Sferrazza Cc: Martin Zeman ; Alastair Mackinlay Joshua Shosha ; Billy Obregon Subject: RE: GM KCP Bible - Action Plan - Update I [I] Good work, let's review later this wee

EFTA01358415.pdf

EFTA01358415

1 mention

ent decision is that we are engaging the client. Thanks Xavi From: Mathew Negus Sent: Wednesday, April 04, 2018 1:57 PM To: Zack Bunimovich Cc: Martin Zeman Subject: RE: Southern Financial RDC Alerts Ill Yes From: Martin Zeman Sent: Tuesday, April 03, 2018 1:01 PM To: Zack Bunimovich Anthony Lentini

EFTA01358412.pdf

EFTA01358412

1 mention

To: Nina Tona < >; Davide-A Sferrazza Alastair Mackinlay Cc: Martin Zeman < Joshua Shoshan a; Billy Obregon Subject: RE: GM KCP Bible - Action Plan - Update I [II let's target end of March/Mid April? I also need to giv

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EFTA01358421.pdf

EFTA01358421

1 mention

From: Xavier Avila Sent: 01 March 2018 16:08 To: lain Macara Rita Shteynberg Jitan Patel a; Mathew Negus Cc: Nina Tona a Alastair Mackinlay Martin Zeman ; Davide-A Sferrazza < Subject: SF Ian, thanks for the call. So Rita who is the Case Manager seems to suggest that she sees Southern Financial Re

EFTA01358427.pdf

EFTA01358427

1 mention

first thing tomorrow morning and get the product extension kicked off now. Kind regards, Abs From: Xavier Avila Sent: 14 December 2017 17:21 To: Martin Zeman Abhinav Gandhi Liam Osullivan Cc: paul Sennet Nina Tona Subject: RE: Loan docs - can you help direct me please? [I] Nina can check what product

EFTA01358428.pdf

EFTA01358428

1 mention

From: Liam Osullivan Sent: 10/11/2018 4:29:56 PM To: Daniel-E Kaiser CC: Martin Zeman ( Subject: MD Approval IC) Classification: Confidential ;Joyce Tsoi New Account Case #: Entity: Butterfly Trust Sole Owner/Manager Grantor —

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EFTA01358425.pdf

EFTA01358425

1 mention

anything we are missing. From: Nina Tona Sent: Tuesday, March 13, 2018 1:16 PM To: Xavier Avila ; Davide-A Sferrazza a Alastair Mackinlay Cc: Martin Zeman < Joshua Shoshan •: .; Billy Obregon Su • ect: RE: GM KCP Bi ile - Action Plan - Update I KYC Priority List ill Hi Team. Please see the below and

EFTA01291383.pdf

EFTA01291383

1 mention

t Number: N4G-024968 Portfolio at a Glance TbisPorisii Year-to-Dale Your Investment Specialist. BEGIN KING ACCOUNT VALUE 9669.802 96 166902 96 MARTIN ZEMAN Net Cash Deposits and Withdrawals 670.009 42 670.009.42 (212) 250-0432 Adjusted Previous Account Value -206.46 -206.46 Dividends, Interest an

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Connected Entities(20 of 526)

Martha Stewart