DOJ-OGR-00002249.jpg
712 KB
Extraction Summary
4
People
4
Organizations
1
Locations
3
Events
4
Relationships
1
Quotes
Document Information
Type:
Legal document
File Size:
712 KB
Summary
This legal document, part of a court filing from December 30, 2020, discusses a bail application for a defendant, Ms. Maxwell. It recounts that the Court initially found her financial disclosures incomplete, but she has since provided a more detailed report from a UK accounting firm, Macalvins, and a review by a former IRS agent. Despite the new information, the Court remains unpersuaded that the proposed bail package, secured by $8 million in property and $500,000 in cash, would reasonably assure her appearance in court.
People (4)
| Name | Role | Context |
|---|---|---|
| Ms. Maxwell | Defendant |
Identified as the Defendant whose finances are being scrutinized for a bail hearing. The Court noted it lacked a clea...
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| Defendant's friends and family members |
Mentioned as co-signers for five of the six additional bonds in the Defendant's bail package.
|
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| Defendant's spouse |
Mentioned in the context of a financial analysis by Macalvins, which included assets held by the Defendant and her sp...
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| Certified Fraud Examiner and a former IRS Special Agent | Expert Witness / Consultant |
Retained by the Defendant to review the Macalvins report and underlying documents to verify the accuracy of the repor...
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Organizations (4)
| Name | Type | Context |
|---|---|---|
| Macalvins | Company |
An accounting firm in the United Kingdom hired by the Defendant to prepare a thorough report on her finances for the ...
|
| IRS | Government agency |
Mentioned as the former employer of the Special Agent retained by the Defendant (a former IRS Special Agent).
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| Court | Government agency |
The judicial body presiding over the case. It is noted as being unpersuaded by the Defendant's bail package proposal.
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| Government | Government agency |
The prosecuting party in the case, which argues that the proposed bail package is insufficient.
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Timeline (3 events)
The Defendant submitted a new bail proposal based on a financial report from Macalvins.
Court
Defendant (Ms. Maxwell)
Locations (1)
| Location | Context |
|---|---|
|
The location of the accounting firm, Macalvins.
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Relationships (4)
The document states that the financial analysis by Macalvins included a summary of assets held by the Defendant and her spouse.
They co-signed five bonds as part of her bail package, indicating a supportive personal relationship.
The Defendant hired Macalvins, an accounting firm, to prepare a report on her finances.
Ms. Maxwell
→
Professional (client-consultant)
→
Certified Fraud Examiner and a former IRS Special Agent
The Defendant retained this individual to review the Macalvins report.
Key Quotes (1)
"a clear picture of Ms. Maxwell’s finances and the resources available to her."Source
— The Court
(A quote from the Court at the initial bail hearing, explaining why it was difficult to set bail conditions due to the incompleteness of the financial information presented by the Defendant.)
DOJ-OGR-00002249.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (2,076 characters)
Case 1:20-cr-00330-AJN Document 106 Filed 12/30/20 Page 17 of 22
and secured by approximately $8 million in property and $500,000 in cash, along with six additional bonds—five co-signed by the Defendant’s friends and family members and the sixth posted by the security company that would provide security services to the Defendant if she were granted bail and transferred to home confinement. See Def. Mot. at 2. At the initial hearing, the Court noted that the opaqueness of the Defendant’s finances rendered it difficult to set financial bail conditions that could reasonably assure her appearance in court. The financial information that the Defendant presented to the Court at the initial bail hearing was undisputedly incomplete, and as the Court noted, the Court lacked “a clear picture of Ms. Maxwell’s finances and the resources available to her.” Tr. at 86–87.
The Defendant has now presented to the Court what is perhaps a more thorough report on her finances prepared by Macalvins, an accounting firm in the United Kingdom. Macalvins analyzed the Defendant’s assets and finances for the past five years, basing its analysis on, among other things, bank statements, tax returns, and FBAR filings, providing a summary of the assets held by the Defendant and her spouse as well as the assets held in trust for the benefit of the Defendant for the period stemming from 2015 to 2020. See Def. Mot., Ex. O. In addition, the Defendant retained a Certified Fraud Examiner and a former IRS Special Agent, who reviewed the Macalvins report and the underlying documents and determined that report accurately represents the assets held by the Defendant and her spouse. See Def. Mot., Ex. P. The Defendant’s new bail proposal is based on the numbers derived from the Macalvins report.
But even assuming that the financial report provides an accurate analysis of the Defendant’s finances, the Court is unpersuaded by her argument that the bail package reasonably assures her appearance. As the Government argues, the bail package would leave unrestrained
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DOJ-OGR-00002249
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