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513 KB
Extraction Summary
3
People
3
Organizations
2
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Court filing / legal defense memorandum
File Size:
513 KB
Summary
This page from a defense filing argues for Ghislaine Maxwell's release on bail, citing a 'Macalvins report' to refute Government claims that her finances are opaque. The defense states that Maxwell and her spouse have total assets of approximately $22.5 million, which they offer as the bond amount, and asserts she has properly filed all FBAR and tax documents. A footnote heavily redacts the name of a specific bank involved in her finances.
People (3)
| Name | Role | Context |
|---|---|---|
| Ghislaine Maxwell | Defendant |
Subject of the bail hearing; defense argues she has disclosed all assets.
|
| Ms. Maxwell's Spouse | Spouse |
Mentioned as holding assets jointly with Maxwell totaling $22.5 million.
|
| Macalvins | Financial Auditor/Accountant |
Produced the 'Macalvins report' analyzing Maxwell's finances.
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Organizations (3)
| Name | Type | Context |
|---|---|---|
| Macalvins |
Firm responsible for the financial report cited by the defense.
|
|
| The Government |
Prosecution; argued Maxwell's finances were 'opaque'.
|
|
| The Court |
Judicial body presiding over the case (SDNY).
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Timeline (2 events)
Locations (2)
| Location | Context |
|---|---|
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Jurisdiction for tax filings.
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Reference to foreign assets and bank accounts.
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Relationships (1)
Text refers to 'Ms. Maxwell and her spouse' and 'Ms. Maxwell and her husband'.
Key Quotes (4)
"Ms. Maxwell and her spouse currently have assets worth approximately $22.5 million."Source
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Quote #1
"The Macalvins report lifts this cloud of unjustified intrigue and provides a straightforward answer"Source
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Quote #2
"Ms. Maxwell has no undisclosed wealth and is not hiding assets overseas."Source
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Quote #3
"the proposed bond amount of $22.5 million represents all of the couple’s current assets."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (2,178 characters)
Case 1:20-cr-00330-AJN Document 1202 Filed 12/14/20 Page 17 of 24
2020, other than daily living expenditures for her family and for professional services in the defense of Ms. Maxwell from the charges she faces. (Id. ¶ 16).
The Macalvins report confirms that Ms. Maxwell disclosed all of her foreign bank accounts in FBAR filings and properly disclosed her bank accounts, investments and other assets in her U.S. tax filings at all times. (Id. ¶¶ 25, 30). The report also explains that the transfers of funds between various accounts in the past few years, which the government highlighted in their initial bail submission (Dkt. 22 at 11-12), reflected movements between banks triggered by the closure of one banking relationship and the opening of new relationship, as well movements of cash maturing on deposit and other financial investments. (Id. ¶ 18).
At the last bail hearing, the government suggested that Ms. Maxwell’s finances were “opaque” and that she potentially had “significant [] undetermined and undisclosed wealth.” (Tr. 27; Dkt. 22 at 11-12). The Macalvins report lifts this cloud of unjustified intrigue and provides a straightforward answer: Ms. Maxwell and her spouse currently have assets worth approximately $22.5 million.6 Accordingly, the proposed bond amount of $22.5 million represents all of the couple’s current assets.
The report further shows that Ms. Maxwell has no undisclosed wealth and is not hiding assets overseas. To the contrary, for the past several years, Ms. Maxwell and her husband have disclosed their foreign assets by submitting FBAR filings regarding their
__________________________________________________________________
6 We have redacted the name of the bank where [REDACTED] Although the balance of the account is fully disclosed in the Macalvins report, we felt it necessary to redact the name of the bank because [REDACTED]
[REDACTED] We will, of course, follow the Court’s guidance on how to proceed and provide the name of the bank to the Court and the government, if required. In that event, we ask that the Court establish guidelines limiting what the government can do with the information.
6 We have redacted the name of the bank where [REDACTED] Although the balance of the account is fully disclosed in the Macalvins report, we felt it necessary to redact the name of the bank because [REDACTED]
[REDACTED] We will, of course, follow the Court’s guidance on how to proceed and provide the name of the bank to the Court and the government, if required. In that event, we ask that the Court establish guidelines limiting what the government can do with the information.
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DOJ-OGR-00001119
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