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Document 20-cr-00330-AJN-DCF

AI Analysis

Summary: The document details the terms under which Ghislaine Maxwell's assets will be managed, including the creation of a new account and the role of an asset monitor. The asset monitor, Judge William S. Duffey, Jr., will oversee the management of her assets, excluding certain funds. The agreement includes restrictions on disbursements and reporting requirements.
Significance: This document outlines the conditions and restrictions on Ghislaine Maxwell's financial assets as part of a legal agreement or court order, likely related to her ongoing litigation.
Key Topics: Asset management for Ghislaine Maxwell Conditions for managing her financial accounts Role and responsibilities of the asset monitor
Key People:
  • Ghislaine Maxwell - The individual whose assets are being managed
  • The Honorable William S. Duffey, Jr. - The selected asset monitor, a retired federal District Court judge and former United States Attorney
Document Type
Court Filing
Date
Unknown
Pages
1
Folder
IMAGES001

Full Text

of Ms. Maxwell's London house and any other assets, excluding salary, hereinafter acquired. The asset manager will approve the financial institution at which the New Account is created and must approve and co-sign any expenditure from the New Account, with the exception of disbursements for Ms. Maxwell's legal fees in connection with the ongoing criminal and civil litigation and for payment of taxes, which will not require authorization. No illiquid assets may be sold, conveyed or transferred without approval of the asset monitor. 2. Other Assets The only funds that will not be included in the New Account are (1) the money currently held in escrow by Ms. Maxwell's attorneys, which will be used exclusively for her defense; and (2) the roughly $450,000 in the Personal Account which her spouse will use only for living expenses. The asset monitor shall regularly receive information regarding activity of the Personal Account, including the account balance, on a weekly basis. The asset monitor must also receive five-day advance notice of any check, on-line payment, or transfer of funds in any amount exceeding $5,000, and the reason for such payment. Ms. Maxwell's spouse agrees to be bound by these restrictions and reporting requirements. The asset monitor shall report to Pretrial Services any possible non-compliance or disbursement in violation of the terms and conditions specified above. 3. Selected Asset Monitor The Honorable William S. Duffey, Jr., a retired federal District Court judge and the former United States Attorney for the Northern District of Georgia, has agreed to undertake the position of asset monitor. (Judge Duffey's bio is attached as Exhibit A.) Judge Duffey has extensive experience evaluating and monitoring funds held in and disbursed from financial 6 DOJ-OGR-00001238