Carbyne/Reporty

STC entity identified as Southern Trust Company, Inc. (USVI). Indyke wired $1M from STC account #9244 to ERGO Ltd. at Bank Leumi Israel on March 16, 2015, reference 'Reporty Investment'. Indyke explicitly stated 'I thought we did not want your name associated with this Investment' when Israeli lawyers requested controlling person info for anti-money laundering compliance.

Barak 'carry' on Carbyne investment confirmed. Nicole Junkermann asked Epstein directly on Jan 10, 2016: 'Ehud is interested in a carry (of course) how much would you give him?' NJF Capital (Junkermann's CFO Nikolajs Smirnovs) modeled sensitivity analysis of Ehud carry at various valuations: at $100M valuation, Ehud carry = $695K; at $200M valuation, Ehud carry = $1.97M. Axon Enterprise signed definitive agreement to acquire Carbyne in Q4 2025.

Carbyne investment channeled through Deutsche Bank (DB). Indyke referenced 'the transferring bank which is DB' and asked Richard Kahn to contact 'Stewart Oldfield at DB' for bank recommendation letter. This ties Epstein's Carbyne investment to his Deutsche Bank accounts — same bank later fined $150M for Epstein-related compliance failures.

Epstein invested 3.6M in Carbyne (formerly Reporty Ltd) through an entity called STC, with Darren Indyke managing the transaction. Indyke noted in March 2019: I thought we did not want your name associated with this Investment. The anti-money-laundering process required identifying the controlling person. Nicole Junkermann (NJF Capital) and Ehud Barak were co-investors with carried interest. Valuation models ranged from 67M to 200M. Carbyne connected to Founders Fund / Trae Stephens (Palantir background) via NJF Capital.

Full $3.6M Carbyne warrants exercise structure revealed. SUM (E.B.) Limited Partnership held warrants to purchase 61,251 Preferred A Shares. SUM's two limited partners: Southern Trust Company Inc. (66.67%, $2.4M) and Montilla International Corporation/NJF Capital Corp (33.33%, $1.2M). Warrants exercised March 2019, funds received in ERGO (E.B. 2014) Ltd. account at Bank Leumi. This would increase SUM holdings from ~13% to ~26.33% of Carbyne on fully diluted basis.

Indyke resisted revealing Epstein as controlling person of STC to Israeli lawyers handling Carbyne anti-money-laundering compliance. Wrote: 'I thought we did not want your name associated with this Investment.' Barak reassured Epstein: 'That is the Israeli banks paranoia after they paid the penalties...it was never leaked out of the banks.' Epstein ultimately gave 'ok' to disclose on March 14, 2019 — 4 months before arrest.

Carbyne Inc. maintained active lobbying from Q3 2021 through Q4 2025 (19 filings) via LSN Partners LLC, focused exclusively on Next Generation 911 and Emergency Communications. Spending was steady at 10K/quarter through Q3 2025, increasing to 20K/quarter from Q4 2024. Lobbied on Build Back Better Act, H.R.59 SAVE Act, and H.R.637 SAVE Act. Key lobbyist: Jose Fuentes (consistent throughout). Carbyne was co-founded by Ehud Barak with Epstein investment (STC wired 1M to ERGO Ltd at Bank Leumi). Barak was chairman. Axon acquired Carbyne Q4 2025. Lobbying continued through acquisition.

Carbyne connected to Peter Thiel's Founders Fund via Nicole Junkermann. Email chain (May 2018): Junkermann brokered intro between Carbyne CEO Amir Elichai and Trae Stephens at Founders Fund (ex-Palantir). Chris Hopkins of NW/RIF Capital facilitated, noting Stephens' 'background at Palantir' and expected 'serendipity.' Junkermann told Epstein and Barak: 'We made the connection to Founders Forum from Peter Thiel.' Epstein and Barak CC'd throughout.

Carbyne (formerly Reporty) has no FARA registration despite being an Israeli surveillance technology company with direct links to Israeli intelligence (Barak as chairman, Talpiot program connections). NSO Group and Q Cyber Technologies (NSO's parent) both registered under FARA through multiple firms. Carbyne's absence is notable given it received $1M from STC via Bank Leumi, had Barak as investor, and Epstein/Indyke attempted to conceal ownership. Unlike NSO which registered, Carbyne operated without FARA disclosure.