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588 KB
Extraction Summary
2
People
3
Organizations
1
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Federal court filing (government opposition to bail/bond)
File Size:
588 KB
Summary
This document is a Government filing from December 2020 opposing the defendant's (Ghislaine Maxwell) bail application. It argues she is a flight risk who has sophisticatedly hidden her wealth by transferring millions into trusts for her spouse over the preceding five years. The text highlights a financial discrepancy where she brought over $20 million to the marriage while her spouse contributed only $200,000, and notes her 'lack of candor' with Pretrial Services regarding property ownership.
People (2)
| Name | Role | Context |
|---|---|---|
| The Defendant | Accused (Ghislaine Maxwell) |
Subject of the bail hearing; accused of hiding assets and transferring wealth to spouse.
|
| Spouse | Husband of Defendant |
Recipient of trust funds; brought $200,000 to marriage compared to defendant's >$20 million. (Scott Borgerson, though...
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Pretrial Services |
Interviewed the defendant in July 2020 regarding assets.
|
|
| The Government |
Arguing against bail; investigating defendant's finances.
|
|
| The Defense |
Submitted a financial report (Def. Ex. O); declined to provide spouse's banking info.
|
Timeline (2 events)
2020-07
2020-07-02
Arrest of the defendant (implied date based on context of 'when she was arrested').
New Hampshire property
Defendant
Government Agents
Locations (1)
| Location | Context |
|---|---|
|
Property purchased with transferred funds where the defendant was arrested.
|
Relationships (2)
Defendant funneled assets through trusts to spouse; huge disparity in assets brought to marriage ($20m vs $200k).
Defendant interviewed by Pretrial Services; accused of 'lack of candor' during interview.
Key Quotes (4)
"The financial report further shows that the defendant apparently spent the last five years moving the majority of her assets out of her name by funneling them through trusts to her spouse."Source
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Quote #1
"defendant originally brought more than $20 million to her marriage, but that her husband brought only $200,000."Source
DOJ-OGR-00002188(1).jpg
Quote #2
"she was 'just able to stay there.'"Source
DOJ-OGR-00002188(1).jpg
Quote #3
"The defendant’s lack of candor does not inspire confidence that she can be trusted to comply with bail conditions."Source
DOJ-OGR-00002188(1).jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,205 characters)
Case 1:20-cr-00330-AJN Document 100 Filed 12/18/20 Page 27 of 36
basis, in addition to their substantial assets. The financial report submitted by the defense is also careful to note that it does not account for any possible income from inheritances. (Def. Ex. O at 5).
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The financial report further shows that the defendant apparently spent the last five years moving the majority of her assets out of her name by funneling them through trusts to her spouse. That pattern suggests the defendant has used the process of transferring assets as a means to hide her true wealth. As the Renewed Bail Application points out, the defendant currently has approximately $3.4 million worth of assets held in her own name, which is close to the amount of wealth she told Pretrial Services she possessed in July 2020. Importantly, though, that number omits the millions of dollars of assets that she has transferred from her name through trust accounts to her spouse, including funds that were used to purchase the New Hampshire property where the defendant was residing when she was arrested.⁸ This confirms that the Government was right to be concerned that the defendant had refused to identify her spouse or his assets to Pretrial Services. That practice further demonstrates the defendant’s sophistication in hiding her assets and maintaining assets that are under her control in other names.
In this vein, the financial report suggests that the defendant originally brought more than $20 million to her marriage, but that her husband brought only $200,000.⁹ (See Def. Ex. O at 10).
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⁸ On this score, it bears noting that that defendant told Pretrial Services that the property was owned by a corporation, and that she was “just able to stay there.” (Pretrial Services Report at 2). The defendant’s lack of candor does not inspire confidence that she can be trusted to comply with bail conditions.
⁸ On this score, it bears noting that that defendant told Pretrial Services that the property was owned by a corporation, and that she was “just able to stay there.” (Pretrial Services Report at 2). The defendant’s lack of candor does not inspire confidence that she can be trusted to comply with bail conditions.
⁹ The Government has not been able to verify this financial information—in part because the defense has declined to provide the Government with the spouse’s current banking information—but [REDACTED]
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DOJ-OGR-00002188
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