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Extraction Summary

3
People
3
Organizations
0
Locations
3
Events
1
Relationships
3
Quotes

Document Information

Type: Legal document
File Size: 580 KB
Summary

This document is a court transcript from August 10, 2022, detailing the direct examination of a witness, Ms. Drescher. She explains two financial transactions that occurred on September 18, 2002: the liquidation of $5 million from a JP Morgan money market fund, and the immediate wire transfer of that $5 million to an account held by Ghislaine Maxwell at Palm Beach National Bank & Trust Co.

People (3)

Name Role Context
McHugh
Mentioned in the header of the court transcript: "McHugh - direct".
Ms. Drescher Witness
Addressed by the questioner (Q) and asked to explain financial transactions to the jury.
Ghislaine Maxwell Account holder
Recipient of a $5 million wire transfer into her account at Palm Beach National Bank & Trust Co.

Organizations (3)

Name Type Context
JP Morgan company
The provider of a "tax free money market fund" from which five million shares were sold.
Palm Beach National Bank & Trust Co. company
The bank where Ghislaine Maxwell held an account that received a $5 million wire transfer.
SOUTHERN DISTRICT REPORTERS, P.C. company
The court reporting agency that transcribed the proceedings, listed at the bottom of the page.

Timeline (3 events)

2002-09-18
Sale of five million shares of a JP Morgan money market fund, which raised $5 million in cash.
2002-09-18
A wire transfer of $5 million was made to the account of Ghislaine Maxwell at Palm Beach National Bank & Trust Co.
2022-08-10
Direct examination of Ms. Drescher regarding financial transactions from Government Exhibit 504.

Relationships (1)

Unnamed account holder financial Ghislaine Maxwell
The document describes a $5 million wire transfer from an account to the account of Ghislaine Maxwell on September 18, 2002.

Key Quotes (3)

"On September 18th, there was a sale of five million shares of the JP Morgan tax free money market fund institutional share class that raised $5 million in cash."
Source
— A. (Ms. Drescher) (Answering a question about a transaction marked 'sale' on an account statement.)
DOJ-OGR-00018489.jpg
Quote #1
"It means that $5 million is now available in the account."
Source
— A. (Ms. Drescher) (Explaining in layman's terms the result of the sale of shares.)
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Quote #2
"On September 18th, there was a transfer by wire to Palm Beach National Bank & Trust Co. for the account of Ghislaine Maxwell for $5 million."
Source
— A. (Ms. Drescher) (Explaining a transaction marked 'disbursement' on an account statement.)
DOJ-OGR-00018489.jpg
Quote #3

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