DOJ-OGR-00022671.tif
83.5 KB
Extraction Summary
4
People
2
Organizations
0
Locations
2
Events
4
Relationships
5
Quotes
Document Information
Type:
Transcript/testimony
File Size:
83.5 KB
Summary
This document is a transcript of a conversation or testimony involving Ghislaine Maxwell and Todd Blanche, discussing Jeffrey Epstein's early business dealings and his relationship with client Les Wexner. Maxwell describes how Epstein's business may have started through a woman who introduced him to a billionaire's daughter whose money was stolen. She also details Epstein's comprehensive financial management for Les Wexner, including restructuring The Limited and handling personal finances, and mentions traveling with Epstein and Wexner to business meetings on a plane. The conversation also touches upon Epstein's compensation structure, suggesting he was paid a percentage of funds saved for clients.
People (4)
| Name | Role | Context |
|---|---|---|
| GHISLAINE MAXWELL | Speaker/Witness |
Participating in a conversation/testimony about Jeffrey Epstein's business dealings and relationships.
|
| TODD BLANCHE | Interviewer/Questioner |
Asking questions to Ghislaine Maxwell about Jeffrey Epstein's business and relationships.
|
| Jeffrey | Subject |
Referred to as Jeffrey Epstein, whose business practices and relationships are being discussed.
|
| Les Wexner | Client/Associate |
Described as a very famous and important client of Jeffrey Epstein; mentioned in the context of business meetings and...
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| The Limited |
Business that Jeffrey Epstein structured or restructured.
|
|
| MAGNA LEGAL SERVICES |
Entity associated with the document's production, possibly transcribing or archiving.
|
Timeline (2 events)
Business meetings on a plane involving Jeffrey Epstein and Les Wexner, attended by Ghislaine Maxwell.
on the plane
early to mid '90s
Discussion about Jeffrey Epstein's activities and how he made money during this period.
Jeffrey Epstein
Relationships (4)
Maxwell observed/overheard/saw within Epstein's business; knew him; traveled with him.
Wexner was a 'very famous client' of Epstein; Epstein managed for Les; Epstein structured/restructured The Limited; Epstein was paid by Wexner.
Jeffrey Epstein
→
Introduced by
→
Unnamed Billionaire's Daughter
A woman introduced Jeffrey (Epstein) to the 'billionaire's daughter' whose money was stolen, which led to Epstein's business starting.
Jeffrey Epstein
→
Personal Relationship
→
Unnamed Girlfriend
Epstein 'had a girlfriend' at the start of something, who was 'always to the girls'.
Key Quotes (5)
"GHISLAINE MAXWELL: So here's how I think that started, is that he had a girlfriend. It was always you -- you -- always to the girls. I guess there was a girl whose name will come back to me, maybe not, whilst we're here, but I don't know, maybe. There's a woman --"Source
DOJ-OGR-00022671.tif
Quote #1
"GHISLAINE MAXWELL: And he -- she was the daughter of a billionaire, for instance. And that billionaire, whoever his --whatever his name was, had had some money stolen. And for some reason this woman introduced Jeffrey, and Jeffrey, I think that's how that business started. That's what I remember."Source
DOJ-OGR-00022671.tif
Quote #2
"GHISLAINE MAXWELL: He does have -- well, obviously there's the one very famous client that everybody talks about, which is Les Wexner. That was a very important client to him."Source
DOJ-OGR-00022671.tif
Quote #3
"GHISLAINE MAXWELL: So with Les, for instance, it was really all encompassing. It could go from the structure of the business. So he would -- he structured or restructured The Limited."Source
DOJ-OGR-00022671.tif
Quote #4
"GHISLAINE MAXWELL: So all -- illustrated for me, said if I saved someone $5 billion, he would take a flat percentage of that $5 billion."Source
DOJ-OGR-00022671.tif
Quote #5
Full Extracted Text
Complete text extracted from the document (4,502 characters)
Page 58
1 hypothetical --
2 GHISLAINE MAXWELL: The -- the -- please,
3 that was completely hypothetical.
4 TODD BLANCHE: -- but that -- but that
5 would involve like, so two kind of drug cartels
6 stealing from each other.
7 Practically speaking, did -- he was a --
8 more of a businessman, correct?
9 GHISLAINE MAXWELL: So here's how I think
10 that started, is that he had a girlfriend. It was
11 always you -- you -- always to the girls. I guess
12 there was a girl whose name will come back to me,
13 maybe not, whilst we're here, but I don't know,
14 maybe. There's a woman --
15 TODD BLANCHE: Okay.
16 GHISLAINE MAXWELL: there's always a
17 woman. And he -- she was the daughter of a
18 billionaire, for instance. And that billionaire,
19 whoever his --whatever his name was, had had some
20 money stolen. And for some reason this woman
21 introduced Jeffrey, and Jeffrey, I think that's how
22 that business started. That's what I remember.
23 TODD BLANCHE: And is that something he
24 told you about or something that happened while you
25 knew him?
Page 59
1 GHISLAINE MAXWELL: No. Something he told
2 me before I met him.
3 TODD BLANCHE: And so when you meet him
4 and -- and once you're part of his life in the early
5 to mid '90s, what is he doing to make money that you
6 see? He -- does he have clients? Does he have rich
7 clients? Does he have famous clients? And -- and
8 how -- and what -- if he does have clients, what
9 service is he providing them?
10 GHISLAINE MAXWELL: He does have -- well,
11 obviously there's the one very famous client that
12 everybody talks about, which is Les Wexner. That was
13 a very important client to him. And he -- I think
14 it's probably helpful to describe what I imagine
15 what I imagine, know -- would I know to be true about
16 what he managed for Les. And there's some bits that
17 I'll be improvising --
18 TODD BLANCHE: Yep.
19 GHISLAINE MAXWELL: -- I --
20 TODD BLANCHE: Okay.
21 GHISLAINE MAXWELL: -- I want to just make
22 you understand, I was not part of Epstein's business
23 world, except tangentially and obviously. So what
24 I'm talking about is I -- what I observed or what I
25 overheard or what I saw within the business, but I
Page 60
1 wasn't responsible for any of the client's money or
2 anything like that. So it's separate.
3 TODD BLANCHE: Okay. Yeah. I understand.
4 GHISLAINE MAXWELL: Okay.
5 TODD BLANCHE: Go ahead.
6 GHISLAINE MAXWELL: So with Les, for
7 instance, it was really all encompassing. It could
8 go from the structure of the business. So he
9 would -- he structured or restructured The Limited.
10 I know that, and I'll come back to that
11 because I also traveled with him and Les, and I was
12 in business meetings with them on the plane when they
13 were there. So I could observe and I could hear some
14 of this.
15 And whilst I'm not necessarily terribly
16 business sophisticated, I'm sophisticated enough to
17 be able to at least have some knowledge of what was
18 happening.
19 All right. So then he restructured the
20 business. He restructured his entire personal
21 finances, and would also handle all of the investment
22 strategy. I don't know if it was if it was a
23 hundred percent --
24 TODD BLANCHE: Mr. Wexner is what you're
25 saying?
Page 61
1 GHISLAINE MAXWELL: Sorry. Yes. All --
2 this is all Wexner I'm talking about now.
3 So let's say you had a billion dollars to
4 invest. So you would, you know, in people's normal
5 investment portfolios, you would have, you know, some
6 T-bonds and this and that, but Epstein's strategies
7 would be much more sophisticated than that.
8 TODD BLANCHE: And so just staying with
9 Mr. Wexner. Does -- from what you heard or saw, is
10 Mr. Epstein paid by him in percentages? Like so --
11 so there would be a deal and he would be paid or
12 was did you understand it to be like a flat fee?
13 Was he a business partner? Like how did you
14 understand him to be paid?
15 GHISLAINE MAXWELL: I think it was more ?
16 la carte. So let's say this is a conversation I
17 actually -- Epstein told me. So all -- illustrated
18 for me, said if I saved someone $5 billion, he would
19 take a flat percentage of that $5 billion. He
20 wouldn't have $5 billion back, and he would take --
21 TODD BLANCHE: When you say you think
22 that, is that because you heard him talking about
23 that or you -- you
24 GHISLAINE MAXWELL: It would be a
25 combination of both. He certainly told me that and I
MAGNA
LEGAL SERVICES
16 (Pages 58 to 61)
DOJ-OGR-00022671
1 hypothetical --
2 GHISLAINE MAXWELL: The -- the -- please,
3 that was completely hypothetical.
4 TODD BLANCHE: -- but that -- but that
5 would involve like, so two kind of drug cartels
6 stealing from each other.
7 Practically speaking, did -- he was a --
8 more of a businessman, correct?
9 GHISLAINE MAXWELL: So here's how I think
10 that started, is that he had a girlfriend. It was
11 always you -- you -- always to the girls. I guess
12 there was a girl whose name will come back to me,
13 maybe not, whilst we're here, but I don't know,
14 maybe. There's a woman --
15 TODD BLANCHE: Okay.
16 GHISLAINE MAXWELL: there's always a
17 woman. And he -- she was the daughter of a
18 billionaire, for instance. And that billionaire,
19 whoever his --whatever his name was, had had some
20 money stolen. And for some reason this woman
21 introduced Jeffrey, and Jeffrey, I think that's how
22 that business started. That's what I remember.
23 TODD BLANCHE: And is that something he
24 told you about or something that happened while you
25 knew him?
Page 59
1 GHISLAINE MAXWELL: No. Something he told
2 me before I met him.
3 TODD BLANCHE: And so when you meet him
4 and -- and once you're part of his life in the early
5 to mid '90s, what is he doing to make money that you
6 see? He -- does he have clients? Does he have rich
7 clients? Does he have famous clients? And -- and
8 how -- and what -- if he does have clients, what
9 service is he providing them?
10 GHISLAINE MAXWELL: He does have -- well,
11 obviously there's the one very famous client that
12 everybody talks about, which is Les Wexner. That was
13 a very important client to him. And he -- I think
14 it's probably helpful to describe what I imagine
15 what I imagine, know -- would I know to be true about
16 what he managed for Les. And there's some bits that
17 I'll be improvising --
18 TODD BLANCHE: Yep.
19 GHISLAINE MAXWELL: -- I --
20 TODD BLANCHE: Okay.
21 GHISLAINE MAXWELL: -- I want to just make
22 you understand, I was not part of Epstein's business
23 world, except tangentially and obviously. So what
24 I'm talking about is I -- what I observed or what I
25 overheard or what I saw within the business, but I
Page 60
1 wasn't responsible for any of the client's money or
2 anything like that. So it's separate.
3 TODD BLANCHE: Okay. Yeah. I understand.
4 GHISLAINE MAXWELL: Okay.
5 TODD BLANCHE: Go ahead.
6 GHISLAINE MAXWELL: So with Les, for
7 instance, it was really all encompassing. It could
8 go from the structure of the business. So he
9 would -- he structured or restructured The Limited.
10 I know that, and I'll come back to that
11 because I also traveled with him and Les, and I was
12 in business meetings with them on the plane when they
13 were there. So I could observe and I could hear some
14 of this.
15 And whilst I'm not necessarily terribly
16 business sophisticated, I'm sophisticated enough to
17 be able to at least have some knowledge of what was
18 happening.
19 All right. So then he restructured the
20 business. He restructured his entire personal
21 finances, and would also handle all of the investment
22 strategy. I don't know if it was if it was a
23 hundred percent --
24 TODD BLANCHE: Mr. Wexner is what you're
25 saying?
Page 61
1 GHISLAINE MAXWELL: Sorry. Yes. All --
2 this is all Wexner I'm talking about now.
3 So let's say you had a billion dollars to
4 invest. So you would, you know, in people's normal
5 investment portfolios, you would have, you know, some
6 T-bonds and this and that, but Epstein's strategies
7 would be much more sophisticated than that.
8 TODD BLANCHE: And so just staying with
9 Mr. Wexner. Does -- from what you heard or saw, is
10 Mr. Epstein paid by him in percentages? Like so --
11 so there would be a deal and he would be paid or
12 was did you understand it to be like a flat fee?
13 Was he a business partner? Like how did you
14 understand him to be paid?
15 GHISLAINE MAXWELL: I think it was more ?
16 la carte. So let's say this is a conversation I
17 actually -- Epstein told me. So all -- illustrated
18 for me, said if I saved someone $5 billion, he would
19 take a flat percentage of that $5 billion. He
20 wouldn't have $5 billion back, and he would take --
21 TODD BLANCHE: When you say you think
22 that, is that because you heard him talking about
23 that or you -- you
24 GHISLAINE MAXWELL: It would be a
25 combination of both. He certainly told me that and I
MAGNA
LEGAL SERVICES
16 (Pages 58 to 61)
DOJ-OGR-00022671
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