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523 KB
Extraction Summary
2
People
5
Organizations
2
Locations
4
Events
3
Relationships
2
Quotes
Document Information
Type:
Legal document
File Size:
523 KB
Summary
This legal document argues that Ms. Maxwell has addressed the court's concerns about her finances, which were raised at an initial bail hearing. Her defense counsel hired a UK accounting firm, Macalvins, to conduct a thorough five-year financial analysis, and a former IRS Special Agent and Certified Fraud Examiner reviewed and validated this analysis as complete and accurate. The purpose is to demonstrate financial transparency to the court to establish suitable bail conditions.
People (2)
| Name | Role | Context |
|---|---|---|
| Ms. Maxwell | Defendant |
The subject of the financial review, whose finances are being analyzed for a bail hearing.
|
| [REDACTED] | Certified Fraud Examiner and former IRS Special Agent |
Reviewed the Macalvins report on Ms. Maxwell's finances and found it to be complete and accurate.
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Organizations (5)
| Name | Type | Context |
|---|---|---|
| Pretrial Services | government agency |
Received initial financial disclosures from Ms. Maxwell.
|
| The Court | government agency |
Expressed concerns about the clarity of Ms. Maxwell's finances during a bail hearing.
|
| Macalvins | company |
A UK-based accounting firm retained by defense counsel to conduct a five-year analysis of Ms. Maxwell's assets and fi...
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| IRS | government agency |
The Internal Revenue Service, where a reviewer of the financial report was formerly a Special Agent.
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| government | government agency |
The prosecuting party that raised concerns about Ms. Maxwell's financial disclosures and provided documents in discov...
|
Timeline (4 events)
2015-2020
Macalvins conducted a five-year analysis of Ms. Maxwell's assets and finances.
United Kingdom
Initial bail hearing where the government raised concerns about Ms. Maxwell's financial disclosures.
The Court
Ms. Maxwell's arrest, which occurred shortly before the initial bail hearing.
A Certified Fraud Examiner and former IRS Special Agent reviewed the Macalvins report and underlying documents.
Locations (2)
| Location | Context |
|---|---|
|
The location of the accounting firm, Macalvins.
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|
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A location where the former IRS Special Agent investigated criminal tax cases.
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Relationships (3)
The document mentions a review of assets held by "Ms. Maxwell and her spouse".
Ms. Maxwell's defense counsel retained Macalvins to conduct an analysis of her finances.
The redacted individual, a Certified Fraud Examiner, was brought in to review the financial report prepared for Ms. Maxwell's case.
Key Quotes (2)
"a clear picture of Ms. Maxwell’s finances and the resources available to her"Source
— The Court
(Stated by the Court to explain what it lacked regarding Ms. Maxwell's finances at the initial bail hearing.)
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Quote #1
"to set financial bail conditions that could reasonably assure her appearance in court."Source
— The Court
(The Court stated it had no way to do this due to the lack of clarity on Ms. Maxwell's finances.)
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Quote #2
Full Extracted Text
Complete text extracted from the document (2,143 characters)
Case 20-cr-00330-AJN Document 192 Filed 02/23/21 Page 16 of 205
B. Ms. Maxwell Has Provided a Thorough Review of Her Finances for the Past Five Years
The government raised concerns at the initial bail hearing about the accuracy and completeness of the financial disclosures that Ms. Maxwell provided to Pretrial Services. (Dkt. 22 at 11-12; Tr. 28-29, 34-35). The Court stated that it did not have “a clear picture of Ms. Maxwell’s finances and the resources available to her” and therefore had no way “to set financial bail conditions that could reasonably assure her appearance in court.” (Tr. 86-87).
To address the Court’s questions about Ms. Maxwell’s finances, defense counsel retained Macalvins, a highly reputable accounting firm in the United Kingdom, to conduct an analysis of Ms. Maxwell’s assets and finances for the past five years. The Macalvins accountants reviewed thousands of pages of financial documents, including bank statements, tax returns, FBAR filings, and other materials to create a clear picture of the assets held by Ms. Maxwell and her spouse, as well as any assets held in trust for the benefit of Ms. Maxwell, and the source of those assets from 2015-2020. This analysis, which is based in substantial part on documents that the government provided in discovery, has involved a significant amount of work and has taken substantial time to complete. It was not possible to perform this analysis in the brief time between Ms. Maxwell’s arrest and the initial bail hearing, especially with Ms. Maxwell detained following her arrest.
The Macalvins report was also reviewed by [REDACTED], a Certified Fraud Examiner and a former IRS Special Agent with over 40 years of experience in complex financial fraud investigations. As a Special Agent, [REDACTED] investigated numerous financial fraud and criminal tax cases, including several in this District. [REDACTED] reviewed the Macalvins report and the underlying documents and determined that it presents a complete and accurate summary of the assets held by Ms. Maxwell and her spouse, as well as assets that were, or are currently, held in
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