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685 KB
Extraction Summary
3
People
2
Organizations
0
Locations
2
Events
1
Relationships
5
Quotes
Document Information
Type:
Court order / legal filing (bail determination)
File Size:
685 KB
Summary
This document is page 29 of a court order filed on July 18, 2019, in the case against Jeffrey Epstein (Case 1:19-cr-00490-RMB). The Court rules Epstein's proposed bail package inadequate, primarily because the defense failed to provide audited financial statements or an affidavit from Epstein, submitting only a 'cursory' summary claiming assets of $559,120,954. The judge criticizes the defense's claim that they could not produce accurate financials quickly, calling the excuse 'disingenuous' for someone of Epstein's wealth and financial experience.
People (3)
| Name | Role | Context |
|---|---|---|
| Mr. Epstein | Defendant |
Subject of the bail hearing; court notes his wealth and lack of transparent financial disclosure.
|
| Defense Counsel | Attorney |
Representing Epstein; submitted the asset summary and argued regarding the difficulty of obtaining records.
|
| The Court | Judge/Authority |
The entity issuing the finding that the bail package is inadequate (Judge Richard M. Berman, implied by RMB initials ...
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Organizations (2)
| Name | Type | Context |
|---|---|---|
| United States District Court |
Implied by case number format 1:19-cr-00490-RMB and standard legal formatting.
|
|
| Department of Justice (DOJ) |
Indicated by the Bates stamp DOJ-OGR-00000500.
|
Timeline (2 events)
2019-07-15
Bail hearing where defense counsel discussed the timeline for preparing financial statements.
Court
Relationships (1)
Defense counsel submitted a cursory one page 'Asset Summary... on Mr. Epstein's behalf'
Key Quotes (5)
"The Court finds that the Defendant’s proposed bail package is inadequate."Source
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Quote #1
"Defense counsel submitted a cursory one page 'Asset Summary - June 30, 2019' on Mr. Epstein’s behalf in which he discloses several categories of assets totaling $559,120,954."Source
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Quote #2
"This 'offer' appears disingenuous for a person as wealthy and experienced in financial matters as Mr. Epstein."Source
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Quote #3
"Defense Counsel: 'Let me be blunt. It was our first effort . . . .'"Source
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Quote #4
"That Mr. Epstein does not have a financial statement, including liabilities and expenses, readily available is difficult to understand."Source
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Quote #5
Full Extracted Text
Complete text extracted from the document (1,946 characters)
Case 1:19-cr-00490-RMB Document 32 Filed 07/18/19 Page 29 of 33
The Court finds that the Defendant’s proposed bail package is inadequate. Among its
deficiencies are these:
deficiencies are these:
(1) The bail package is not accompanied or supported by audited or certified financial
statements, including details of income and expenses and debt obligations. There is no affidavit
from Mr. Epstein. As noted, Defense counsel submitted a cursory one page “Asset Summary -
June 30, 2019" on Mr. Epstein’s behalf in which he discloses several categories of assets totaling
$559,120,954. The Defense states that it “would be impossible for Epstein – given, among other
impediments, his detention, inability to quickly access pertinent records, and inability to quickly
make a precise valuation of particular assets – to provide a sufficient financial statement by the
Court’s 5 pm deadline.” Dkt. 23 at 4.
statements, including details of income and expenses and debt obligations. There is no affidavit
from Mr. Epstein. As noted, Defense counsel submitted a cursory one page “Asset Summary -
June 30, 2019" on Mr. Epstein’s behalf in which he discloses several categories of assets totaling
$559,120,954. The Defense states that it “would be impossible for Epstein – given, among other
impediments, his detention, inability to quickly access pertinent records, and inability to quickly
make a precise valuation of particular assets – to provide a sufficient financial statement by the
Court’s 5 pm deadline.” Dkt. 23 at 4.
The absence of accurate and comprehensive financials, sworn to by the Defendant, does
not allow the Court meaningfully to assess Defendants’ own proposed bail package nor would it
enable the Court to fashion a bail package on its own. The Court would not be able to determine
what level of bail – in relation to Epstein’s finances – would reasonably assure the Defendant’s
appearance. Defense counsel proposed at the bail hearing on July 15, 2019 that it would take a
few days to prepare accurate financials for Mr. Epstein. He also suggested that he would do so
(only) if the Court were agreeable to granting bail. This “offer” appears disingenuous for a
person as wealthy and experienced in financial matters as Mr. Epstein. See Tr. 7/15/19 at 50
(Court: “There needs to be a fuller financial picture to know what would be appropriate.”
Defense Counsel: “Let me be blunt. It was our first effort . . . .”). That Mr. Epstein does not have
a financial statement, including liabilities and expenses, readily available is difficult to
understand.
not allow the Court meaningfully to assess Defendants’ own proposed bail package nor would it
enable the Court to fashion a bail package on its own. The Court would not be able to determine
what level of bail – in relation to Epstein’s finances – would reasonably assure the Defendant’s
appearance. Defense counsel proposed at the bail hearing on July 15, 2019 that it would take a
few days to prepare accurate financials for Mr. Epstein. He also suggested that he would do so
(only) if the Court were agreeable to granting bail. This “offer” appears disingenuous for a
person as wealthy and experienced in financial matters as Mr. Epstein. See Tr. 7/15/19 at 50
(Court: “There needs to be a fuller financial picture to know what would be appropriate.”
Defense Counsel: “Let me be blunt. It was our first effort . . . .”). That Mr. Epstein does not have
a financial statement, including liabilities and expenses, readily available is difficult to
understand.
29
DOJ-OGR-00000500
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