Fresh revelations raise the likelihood that sex offender Jeffrey Epstein cloaked his fortune in a series of offshore shell companies registered in notoriously secretive tax havens.

The wealthy financier accused of systematically assaulting and trafficking numerous underage girls tried this week to convince a federal judge in New York to allow him to go free on bail, partially by detailing his fortune for the court.

This request was rejected today, but the revelation of documents by the International Consortium of Investigative Journalists’ partners McClatchy and the Miami Herald underscores the challenge the courts will face as his case proceeds.

The most extensive document — amounting to 500 pages detailing the activities of an Epstein offshore vehicle — comes from the Paradise Papers trove, millions of files leaked from the Bermuda-founded offshore services provider Appleby.

The files reportedly show that, by the mid-2000s Epstein’s firm had joined a roster of the world’s wealthiest people and corporations in working with Appleby, and therefore gaining a skilled group of experts to help it navigate the secretive and low-tax world of offshore finance, the new report states.

From at least 2000 to 2007, Epstein chaired a company registered in Bermuda called Liquid Funding Ltd. This entity was partially owned by the investment bank Bear Stearns, where Epstein had worked, according to the report. The bank’s collapse would help set in motion the 2008 financial crisis.

Epstein’s offshore company was loaded up with some of the financial products — like mortgage-backed securities and collateralized loan obligations — that would become synonymous with the financial excesses leading to the financial crisis.

According to the Miami Herald and McClatchy, Liquid Funding had commercial mortgages and investment-grade residential mortgages bundled into complex securities.

“The three main credit rating agencies — Standard & Poor’s, Fitch Ratings and Moody’s Investors Service — all helped Bear Stearns create the securities in a way that would allow the creative product to get a gold-plated AAA rating,” the Miami Herald and McClatchy reported.

The task of determining Epstein’s wealth has been a significant factor in the decision of whether he is released from jail pending trial. Prosecutors cited Epstein’s wealth as making him more likely to flee ahead of a trial date.

The Herald and McClatchy reporters were able to reach one director, Marcus Klug, listed in the leaked documents as helping administer Epstein’s offshore vehicle.

Klug, now a member of the governing board of Bundespensionskasse AG, a large Austrian pension fund, confirmed he was a director of an Epstein company when he worked for an Austrian insurance company that had invested in Liquid Fund, according to the Herald and McClatchy.

Liquid was evidently a shell company and its directorship duties appeared pro forma.

“There was neither a physical board meeting or a call between board members,” Klug explained to the Herald and McClatchy, adding of Epstein, “I never met him.”