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556 KB
Extraction Summary
3
People
3
Organizations
2
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal filing (court motion/brief)
File Size:
556 KB
Summary
This document is a page from a legal filing (Case 1:20-cr-00330-AJN) dated December 14, 2020, filed by Ghislaine Maxwell's defense. It references a 'Macalvins report' used to refute government claims that Maxwell's finances are opaque, asserting that she and her spouse have fully disclosed assets totaling approximately $22.5 million, which is offered as the bond amount. A footnote contains redactions regarding the name of a specific bank to protect privacy or security.
People (3)
| Name | Role | Context |
|---|---|---|
| Ghislaine Maxwell | Defendant |
Subject of the bail hearing and financial report; defending against charges.
|
| Ms. Maxwell's Spouse | Family/Financial Partner |
Mentioned as sharing assets totaling approximately $22.5 million.
|
| Macalvins | Financial Experts/Accountants |
Authors of a report analyzing Maxwell's finances to prove transparency.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Macalvins |
Accounting/Financial firm that produced the report on Maxwell's assets.
|
|
| The Government |
The prosecution/DOJ, arguing Maxwell's finances are opaque.
|
|
| The Court |
Judicial body overseeing the case (SDNY).
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Timeline (2 events)
Prior to Dec 14 2020
Last bail hearing where government claimed finances were opaque
Court
Locations (2)
| Location | Context |
|---|---|
|
Jurisdiction for tax filings mentioned.
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General reference to foreign bank accounts/assets.
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Relationships (2)
Document refers to 'Ms. Maxwell and her spouse' and their combined assets.
Macalvins produced a report analyzing and defending Maxwell's financial disclosures.
Key Quotes (4)
"Ms. Maxwell and her spouse currently have assets worth approximately $22.5 million."Source
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Quote #1
"The proposed bond amount of $22.5 million represents all of the couple’s current assets."Source
DOJ-OGR-00001995.jpg
Quote #2
"The Macalvins report confirms that Ms. Maxwell disclosed all of her foreign bank accounts in FBAR filings..."Source
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Quote #3
"The government suggested that Ms. Maxwell’s finances were 'opaque' and that she potentially had 'significant [] undetermined and undisclosed wealth.'"Source
DOJ-OGR-00001995.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,196 characters)
Case 1:20-cr-00330-AJN Document 97 Filed 12/14/20 Page 23 of 45
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
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6 We have redacted the name of the bank where [REDACTED BLOCK] 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 BLOCK]
6 We have redacted the name of the bank where [REDACTED BLOCK] 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 BLOCK]
[REDACTED BLOCK] 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-00001995
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