DOJ-OGR-00018489.jpg
580 KB
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)
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.)
DOJ-OGR-00018489.jpg
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
Full Extracted Text
Complete text extracted from the document (1,471 characters)
Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 152 of 261 1313
LC6Cmax5 McHugh - direct
LC6Cmax5 McHugh - direct
1 Q. Thank you. All right. So, if we could turn to now page 8
2 of Government Exhibit 504, I'm going to ask you about some
3 transactions from this account statement.
4 Ms. Drescher if you could please highlight the bottom
5 two transactions on page 8 that are both dated September 18,
6 2002.
7 So, focusing on this first transaction on September
8 18th, marked sale, could you please walk the jury through what
9 we're looking at in this transaction.
10 A. On September 18th, there was a sale of five million shares
11 of the JP Morgan tax free money market fund institutional share
12 class that raised $5 million in cash.
13 Q. In layman's terms, what does that mean?
14 A. It means that $5 million is now available in the account.
15 Q. Turning to the entry right below that on September 18th,
16 marked disbursement, could you please walk the jury through
17 what that notation means.
18 A. I'm sorry. Could you repeat that.
19 Q. Of course. So focusing on the second entry here dated
20 September 18th, could you please walk the jury through this
21 particular transaction.
22 A. On September 18th, there was a transfer by wire to Palm
23 Beach National Bank & Trust Co. for the account of Ghislaine
24 Maxwell for $5 million.
25 Q. What does the abbreviation FAO stand for?
SOUTHERN DISTRICT REPORTERS, P.C.
(212) 805-0300
(212) 805-0300
DOJ-OGR-00018489
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document