From: 3] Litchford
Sent: Thursday, October 22, 2015 12:00 PM
To: Andrew Gallivan
Cc: Morgan Byrd
Subject: rev discrepancy [I]
Classification: For Internal use only
As discussed, Howard Ellin shows as NNA of -433k but his NNA is exactly +5,000,000 (in a discretionary equity IA
portfolio). The account is 451305.
Morgan—the oddity here is that -433K is almost the exact amount his account was down market value wise which
obviously should never be considered NNA.
L
JJ Litchford
Associate Banker
Deutsche Bank Trust Company Americas
Deutsche Asset & Wealth Management
Petnitn"do Peeftrest
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 119028
CONFIDENTIAL SDNY_GM_00265212
EFTA01458902