Episode 14: The Shell Entities

6 parts

Southern Trust's $391 million, Harlequin Dane's circular flows, and the twin JEGE entities — anatomy of the corporate architecture. Each part builds on the last — investigative analysis drawn from court filings, financial records, and released documents. Browse all episodes or the full investigation archive.

  1. Part 1 Southern Trust Company: $391 Million in DNA Database Consulting Corporate Entity Profiles

    Southern Trust Company held $391.3 million in assets by 2017, was originally incorporated as "Financial Informatics Inc." for "DNA database consulting,"...

  2. Part 2 Harlequin Dane LLC: $7.75 Million and a Circular Flow Corporate Entity Profiles

    Harlequin Dane LLC received $7.75 million in seven wires from Southern Financial, with Darren Indyke as sole signer. Debits went to a real estate title...

  3. Part 3 JEGE Inc. vs. JEGE LLC: Two Entities, One Name Corporate Entity Profiles

    JEGE Inc. (Delaware, 2000, ceased 2018) and JEGE LLC (USVI, 2012, sold 2019) are two separate legal entities sharing the "JEGE" name. Together they held...

  4. Part 4 Gratitude America: $10 Million from Leon Black Corporate Entity Profiles

    Gratitude America Ltd., a USVI-based 501(c)(3) foundation (a tax-exempt charitable organization under U.S. tax law), received $10 million from BV70 LLC...

  5. Part 5 Black Bag Media and Representation Trust: Two Ghost Entities Corporate Entity Profiles

    DKI PLLC wired $100,000 to "Black Bag Media" in Arlington, Virginia — an entity with no public records. Indyke's IOLA (Interest on Lawyer Account — a sp...

  6. Part 6 The Liechtenstein Anstalt: A Sixth Jurisdiction Corporate Entity Profiles

    HBRK Associates wired $20,000 to Walch Schurti, a Liechtenstein law firm, with the memo "retainer purchase of shares Anstalt." An Anstalt is a Liechtens...