Jersey Tax Shelter Leak Exposes Wall Street Trading Actions of Ghislaine Maxwell’s Family

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Leaked paperwork present how Kevin and Ian Maxwell, brothers of disgraced heiress Ghislaine, used a Jersey belief to cover their enterprise actions and funds.

Key Findings

  • Details of the transactions had been hidden in a trove of information from inside a now-defunct belief from the island of Jersey, whose former representatives have since confronted sanctions and litigation.
  • Documents from the information counsel a belief that seems to have been engaged on behalf of Kevin and Ian Maxwell engaged in suspicious buying and selling actions in public corporations and secret inventory offers, and will have dedicated securities violations that would have harm public traders.
  • Meanwhile, tens of millions of {dollars} moved via questionable related-party transactions, veiled by offshore corporations.
  • Experts stated lots of the transactions outlined within the leaked information have pink flags.
  • When contacted, the Maxwell brothers stated they’d no “unaided recollection” of the belief.

Ghislaine Maxwell’s trial and conviction for trafficking minors to pedophile financier Jeffrey Epstein introduced her murky funds into the general public gentle, elevating contemporary questions on her household’s previous and the true supply of the Maxwells’ sprawling wealth.

A brand new joint investigation by OCCRP and the Miami Herald examines a trove of paperwork from an offshore belief that exposes how no less than two Maxwell members of the family and their longtime associates put their fortune into a posh offshore company and belief community, doubtless past the attain of collectors and authorized adversaries.

The investigation, based mostly on paperwork from the island of Jersey, a U.Ok. Crown tax haven, exhibits proof of questionable buying and selling actions in publicly listed U.S. corporations, secret inventory offers, and doable securities violations, whereas tens of millions of {dollars} in funds moved via offshore corporations to sure members of the Maxwell household.

Reporters discovered information of secret inventory transactions by Kevin and Ian Maxwell whereas Kevin was the chairman of a U.S. publicly traded firm; related-party transactions which will have enriched the Maxwells, however went unreported to the investing public; and the hiding and amassing of main inventory holdings by the Maxwell brothers, who share a historical past of fraud accusations and chapter. These transactions, a few of which can have harm public traders, have by no means earlier than been reported.

David Leal-Bennett, a U.Ok. banker to the Maxwells and their corporations within the Nineties, alleges the household incessantly traded within the markets whereas grappling with debt, however on the time he didn’t imagine the trades had been wrongful. “We noticed a variety of shenanigans with shares transferring round,” he stated. “I may see what they had been doing. I advised Kevin, ‘You are taking part in the markets. We don’t condone this. You’re going to have to select.’”

Credit:

Evidence from 2021 federal prosecution of Ghislaine Maxwell

An image of Jeffrey Epstein and Ghislaine Maxwell submitted as proof throughout her trial.

The Maxwells aren’t any extraordinary British household. Their monetary escapades and chapter proceedings have been splashed throughout the pages of English newspapers for 5 many years, their marriages and divorces the stuff of nationwide gossip.

The leaked information supply a uncommon glimpse into how Kevin and Ian Maxwell carried out enterprise via opaque shell corporations. These had been discovered buried amongst hundreds of pages of confidential papers found at a now-defunct Jersey belief firm referred to as La Hougue. The trove was seized by Jersey police in 2015, however leaked to the media, together with OCCRP, after authorities on the island took no motion.

While these paperwork present deeper insights into the monetary actions of the Maxwell household, they offer only a snapshot of a bigger world monetary image that reaches past Jersey to different nations and secrecy jurisdictions. Almost everybody concerned with the Maxwells on the tiny island has confronted investigation, regulatory sanctions, or a protracted historical past of litigation.

Just as Ghislaine Maxwell headed to trial late final 12 months, OCCRP and the Miami Herald discovered that an nameless whistleblower grievance was filed with the U.S. Securities and Exchange Commission (SEC) alleging inventory buying and selling violations and different issues involving Kevin Maxwell and La Hougue from the late Nineties to the early 2000s. The SEC wouldn’t touch upon such filings, or whether or not it has opened an investigation.

The La Hougue information embrace the names and signatures of Kevin and Ian Maxwell, detailing funds to their siblings, spouses, and in-laws. Many information of the offers had been intentionally hid within the information, together with related-party transactions that moved via complicated webs of corporations and authorized entities throughout a number of jurisdictions. Some inventory purchases had been unfold among the many household and their associates, permitting them to remain slightly below regulatory reporting thresholds.

St John’s Manor on the island of Jersey

Credit:

Darrin Stock

St John’s Manor on the island of Jersey, the place the now-closed La Hougue belief utilized by the Maxwells was based mostly.

William Ok. Black, a lawyer and educational who rose to fame in the course of the late Nineteen Eighties as a litigator for a number of U.S. federal regulatory our bodies, famous the information contained “apparent, super-well-known” pink flags.

The transactions and trades occurred at a time when a U.S.-based telecommunications firm co-founded by Kevin Maxwell, referred to as Telemonde, was cited by U.S. regulators for reporting violations.

Black reviewed lots of the paperwork obtained by reporters and stated the usage of opaque shell corporations to purchase and promote publicly traded shares, together with these of Telemonde, mixed with the involvement of a number of members of the family in associated transactions, weren’t essentially proof of criminality however had been warning indicators.

“Nepotism merely is a serious danger and, even when it wasn’t fraud, you’d be involved as a regulator in the event you noticed a variety of these transactions,” he stated.

The Maxwell household’s ties to La Hougue seem to hint again to no less than early 1997. By the time the belief closed in Jersey by mid-2008, and shifted shoppers to a different belief in Panama, its information chronicled a number of years of hidden monetary actions by a number of members of the Maxwell household.

There is not any definitive proof that Kevin and Ian Maxwell, or their members of the family, broke any legal guidelines and so they haven’t been charged with any crime. The brothers declined to debate particulars of the Jersey paperwork, however supplied an announcement to the Miami Herald and OCCRP.

“Neither I nor my brother Kevin, to whom I’ve spoken, have any unaided recollection of an organization referred to as La Hougue and definitely weren’t concerned as traders, shareholders, administrators, brokers, or representatives of that firm,” Ian Maxwell wrote in an electronic mail. He acknowledged they’d some “dealings” with La Hougue agent George Devlin “primarily involving loans,” however stated he had “no recollection of particular particulars.”

When reporters despatched him a number of La Hougue information revealing particulars of the brothers’ relationship with the belief, Ian abruptly ended the dialogue. “I’ve not learn them and don’t intend to,” he stated.

A household consultant declined to supply additional touch upon behalf of Ghislaine Maxwell or different members of the family.

🔗The La Hougue Files

The cache of paperwork — spanning the Nineteen Eighties to 2008 — had been unearthed in 2012 by the proprietor’s daughter, Tanya Dick-Stock, and her husband Darrin Stock. She later sued her father, accusing him of stealing tens of millions of {dollars} from her household’s trusts and draining them dry.

Bitter authorized battles between the Dicks over inheritance points proceed to at the present time.

Trusts are secretive monetary instruments that usually use a custodian to behave as a 3rd get together in transactions, reminiscent of shopping for or promoting property and property on behalf of the true proprietor or beneficiary. By design, trusts like La Hougue make it laborious for collectors and even legislation enforcement or regulators to comply with the cash.

John Dick admitted the La Hougue information are stuffed with fraud and legal conduct, however denied any wrongdoing. In an interview, he confirmed the belief did run out of the manor the place he lived, however blamed the operation on La Hougue’s chairman and managing director, who Dick stated was appearing with out his information.

“As far as I do know, La Hougue was actually being run by Richard Wigley,” stated Dick. “Numerous what he did I had little or no information of.”

Both Wigley and Dick are implicated within the Jersey information. A letter from Dick’s legal professionals discovered within the La Houge paperwork from Feb. 10, 2014, identifies him because the useful proprietor of the “La Hougue entities.” Meanwhile, Wigley seems repeatedly within the information directing La Hougue’s actions. In 2018 he testified in a deposition in Colorado that the belief incessantly held shares within the names of so-called nominee administrators, reminiscent of himself.

“We had been registered holders of the inventory, as a result of Mr. Dick spent his life hiding from his property and utilizing individuals and entities in order that his identify didn’t seem,” Wigley advised the courtroom.

Wigley was sanctioned in 2016 by a U.S. courtroom for committing perjury and he admitted to fabricating paperwork, together with greater than $15 million of mortgage notes for La Hougue. In 2018, a courtroom in Jersey famous in a judgment that Wigley had admitted to “making unfaithful statements in these proceedings” and manufactured letters, promissory notes and minutes filed as proof to the courtroom.

In one uncommon doc from 2002, Wigley instructs workers to burn paperwork earlier than Dick returns house. He tells them to “rent a industrial shredder and buy a variety of black bin baggage,” including, “the luggage ought to then be burned on the tip.”

Now in his late 70s, Wigley’s final recognized tackle was in Panama, the place he opened Pantrust International S.A., a brand new belief firm fashioned after La Hougue closed. He couldn’t be positioned for remark.

Pantrust was stripped of its license in December 2014, with the Panamanian regulator citing an “apparent lack of documentation” in buyer background checks and accusing it of hiding the names of lenders and debtors.

Dick, now 84, lives in Newport Beach, Calif., and serves on the board of administrators of Liberty Global, a multinational TV and broadband firm that owns Virgin Media.

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Trusts, Busts, and Hidden Millions

Since the 1991 loss of life of Ghislaine Maxwell’s father, British media mogul Robert Maxwell, questions have swirled over whether or not the household secreted away chunks of his fortune. His physique was discovered off the coast of the Canary Islands after he mysteriously disappeared from his yacht, the Lady Ghislaine.

Following his loss of life, Maxwell’s youngest sons, Kevin and Ian, had been accused by collectors of serving to him plunder as a lot as $1.2 billion from the household’s media empire, together with the pension funds of U.Ok. media firm the Mirror Group. Facing a slew of civil actions, Kevin Maxwell filed what was on the time the biggest chapter in U.Ok. historical past.

A 407-page report in 2001 by the U.Ok. Department of Trade and Investment on the Mirror Group collapse faulted Kevin for his help of his father’s enterprise practices. It particularly stated he knew regulatory filings “lacked frankness,” stating the Maxwells had used shares as collateral for loans, one thing seen additionally within the La Hougue paperwork.

While the brothers had been finally acquitted of legal conspiracy and fraud expenses in 1996, the household’s fortune has remained the topic of hypothesis ever since.

During Ghislaine’s New York sex-trafficking trial, the general public discovered how she traveled the world, cavorted with politicians and celebrities, and owned luxurious actual property, regardless of not holding a standard job for twenty years. Public information and courtroom paperwork present Ghislaine additionally established a community of complicated trusts, corporations and non-profit organizations that hid her wealth, usually placing others’ names on their paperwork as an alternative of her personal.

U.S. District Judge Alison Nathan denied Ghislaine 4 separate requests for bail, complaining she couldn’t get “a transparent image of Ms. Maxwell’s funds and the sources out there to her.”

Throughout the trial, Ghislaine’s brothers, Kevin and Ian Maxwell, in addition to her twin sisters, Isabel and Christine Maxwell, rallied behind her in a public present of help. That might not be solely as a result of sibling affection: OCCRP and the Miami Herald’s investigation exhibits all of them acquired inventory or unorthodox monetary transfers detailed in each the La Hougue and SEC information.

Maxwell's siblings arrive at their sister's trial

Credit:
REUTERS / Alamy Stock Photo

From left to proper, Kevin Maxwell, Christine Maxwell, Isabel Maxwell, and Ian Maxwell arrive at their sister’s trial in New York in December 2021.

The Maxwells’ greatest paydays seem to have come between 1998 and 2004, when Kevin co-founded and launched Telemonde. In a narrative broadly coated in UK media, Kevin Maxwell dodged a second chapter in 2004 (not the final one he would sidestep), by settling with a creditor. Yet all through this era, the La Hogue information present he and his brother privately purchased and bought shares in Telemonde and one other U.S. tech firm, usually utilizing proxies, in trades that specialists stated raised issues.

These publicly traded U.S. corporations noticed their valuations soar in the course of the dot-com increase, earlier than crashing and going underneath. The paperwork present trades value hundreds and typically tens of millions of {dollars}, although it’s unclear precisely how a lot the Maxwells made in whole.

Based in Delaware, Telemonde purchased and bought bandwidth capability utilized in wi-fi communications, opening luxurious workplaces on New York’s Park Avenue and in London’s Portman Square. Through a sequence of acquisitions, it expanded into Bermuda, Switzerland, and Oman.

Starting within the spring of 1999, shortly after Telemonde first went public on a Nasdaq platform for startups, tens of millions of {dollars} of firm shares had been bought offshore by way of La Hougue. The shares, exchanged via entities managed by the Maxwells or their brokers, had been traded each on public exchanges and in non-public, off-exchange transactions.

As Telemonde’s chairman, Kevin Maxwell earned a wage of $396,000 and reported holding a 4.4 p.c stake within the firm, in accordance with a 1999 SEC submitting. But the nice print of the identical submitting exhibits he and his then-wife, Pandora Maxwell, would have the ability to purchase tens of millions of shares via a British Virgin Islands firm holding a 40 p.c curiosity in Telemonde. The couple additionally had entry to shares via a 3rd firm by which Kevin held a 33.4 p.c curiosity, suggesting he might have managed extra inventory than what may very well be seen on paper.

When Telemonde’s inventory worth climbed in the summertime of 1999, taking its valuation into the tons of of tens of millions of {dollars}, the paperwork present the Maxwell brothers making livid gross sales, with funds routed via La Hougue and funds made to members of the family.

By the 12 months’s finish, Telemonde’s inventory worth had tanked because the dotcom bubble began to burst, with the paperwork displaying the Maxwells once more dashing to liquidate shares. For greater than 18 months, on- and off-market gross sales continued, with greater than 2.3 million bought in tranches ranging in measurement from 250 to 220,000 shares.

In early 2000, Robert Maxwell’s spouse, Elisabeth “Betty” Maxwell, alongside along with his daughter, Isabel, and Ian Maxwell’s ex-wife, Tara Maxwell, acquired a mixed 810,500 shares. They purchased them for one-thousandth of a U.S. cent every between March and May, a fraction of the shares’ then market worth, which incessantly traded above $1 throughout this era. In violation of change guidelines, these purchases had been reported to the SEC greater than a 12 months after the household acquired the inventory. The SEC filings don’t point out how members of the family acquired the shares at such a lovely worth or why.

A Family Affair

In addition to information of share transactions, the Maxwell information embrace what securities lawyer Daniel Berger, a companion on the Philadelphia legislation agency Berger Montague, referred to as “rating sheets,” indicating the place funds and shares are going and to whom.

In one sequence of inventory gross sales and different transactions from July 1999 to July 2000, the information element roughly $1.2 million of monetary flows for an account labeled “Loan 1.” The account exhibits funds despatched to and from trusts, financial institution accounts, and entities around the globe, naming Maxwell members of the family as recipients, amongst them:

  • $30,354 despatched to Christine Maxwell’s husband, American astrophysicist Roger Malina.
  • 175,000 French francs, or about $27,400 on the time, to Villeneuve Automobile SA with the reference “Meynard,” the maiden identify of Robert Maxwell’s spouse.
  • $41,600 despatched to a Piper Jaffray checking account in Minneapolis immediately referencing Kevin Maxwell.
  • $155,800 despatched to a different account with the reference “Westbourne.” Westbourne Communications Ltd. was based by a former staffer of Robert Maxwell, and employed Kevin Maxwell as a advisor earlier than he turned Telemonde’s chairman in May 1999. Ian Maxwell additionally labored at Westbourne Communications.

Alongside the speedy liquidation of Telemonde shares, Kevin and Ian Maxwell purchased and bought shares of one other publicly traded U.S. firm referred to as NetJ.com in the course of the dot-com period. From early 2000, when NetJ spiked to a excessive of $7.44 a share, to when its inventory worth crashed to pennies in 2001, La Hougue organized multimillion-dollar offers buying and selling tons of of hundreds of shares in each corporations on behalf of the Maxwell brothers.

Notes scribbled by a La Hougue agent within the margins of one of many information warn that allocating 5 p.c or extra of excellent shares in an organization to anyone shareholder concerned needs to be prevented, lest it set off a compulsory SEC report.

Notes scribbled by La Hougue agent

Notes scribbled by La Hougue agent stating: “No get together can have greater than 540,000 shares or over 5% of firm.”

“The 5 p.c rule comes up lots in inventory manipulation,” stated Danny F. Dukes, a former financial institution government and forensic accountant who reviewed the information, calling it a “hallmark” of U.S. inventory fraud.

Exactly how a lot members of the Maxwell household made on these trades will not be clear. But the share offers went on for years and the La Hougue paperwork point out they bumped into a number of tens of millions of {dollars}.

As Telemonde and NetJ failed amid the bursting of the so-called tech bubble, their inventory costs plummeted to pennies and by no means recovered. The La Hougue paperwork present trades on behalf of the Maxwells continued apace as the businesses failed.

Between early 2000 and early 2001, the paperwork point out the Maxwells’ trades grew from batches of tens of hundreds to tons of of hundreds of shares. Because these corporations had been now buying and selling at pennies per share and at low volumes, any huge trades by the Maxwells doubtless would have swayed the inventory costs.

Kevin Maxwell with his brother Ian

Credit:
PA Images / Alamy Stock Photo

Kevin Maxwell (left) along with his brother Ian (proper).

At the identical time, Telemonde’s administration sought to problem monumental quantities of further shares, citing an absence of capital, and proposed rising the variety of firm shares from 145 million to 475 million, in accordance with an SEC submitting in 2001.

Like Robert Maxwell’s media empire, Telemonde cratered underneath an avalanche of debt. In its annual report back to the SEC for 2001, the corporate said it now not had sufficient capital to fulfill its monetary commitments, noting that this “may jeopardize our existence.”

“We have incurred working losses and a destructive money movement since our inception,” the corporate stated within the report, including that by the tip of that 12 months these losses had reached $189 million.

By March 2002, Telemonde’s accountant Moore Stephens warned bluntly in a quarterly report: “There is substantial doubt concerning the potential of the corporate to proceed as a going concern.”

Telemonde’s heyday was short-lived, nevertheless it languished for years. In 2005, the SEC revoked its market registration, citing “egregious” failures to file required public reviews that “disadvantaged the investing public of present and correct monetary info on which to make knowledgeable choices.”

The SEC added that “many publicly traded corporations that fail to file on a well timed foundation are ‘shell corporations’ and, as such, engaging autos for fraudulent inventory manipulation schemes.”

“When you have a look at these paperwork, a variety of these corporations appear to be layered shams,” stated Frank Casey, a Wall Street danger supervisor who examined the Maxwell information at Stock’s request. Casey was on the group that first tried to blow the whistle on Bernie Madoff’s notorious Ponzi scheme.

Debts, Proxies, and Anonymous Files

British solicitor Malcolm Grumbridge and La Hougue agent George Devlin seem to have facilitated lots of the Maxwells’ inventory transactions from 1999 to no less than 2001.

Now deceased, Devlin was a well known British non-public investigator and authorized advisor concerned in defending a member of the “Guinness Four,” defendants in a serious Nineteen Eighties stock-manipulation scandal involving the well-known beer firm.

“I by no means acted for La Hougue, or actually had something to do with them apart from following the directions of my shoppers,” Grumbridge stated, who defined he was representing the desires of Kevin and Ian Maxwell.

No Maxwell members of the family had been ever included on La Hougue’s official consumer record, however had been stored in a set of unmarked information underneath Grumbridge’s identify, stated Darrin Stock who, alongside along with his spouse, found the hidden Maxwell papers throughout the Jersey paperwork late final 12 months.

“We may by no means discover the Maxwells or Epstein in there, however we additionally knew essentially the most delicate shoppers had been within the nameless information,” he stated. When he and his employed group of forensic accountants looked for Grumbridge, they discovered the small print of his dealings with the Maxwells.

The La Hougue papers

Credit:

Darrin Stock

Tanya Dick-Stock and her husband Darrin Stock, discovered the La Hougue papers in 2012.

Grumbridge stated he labored carefully with Robert Maxwell from 1976 till his loss of life, and continued to deal with monetary and property affairs for the Maxwell brothers and Ghislaine Maxwell till 2020. He additionally appeared in leaked information of Epstein’s black e-book, which contained the names of buddies and enterprise associates.

In a uncommon interview with OCCRP and the Miami Herald, Grumbridge acknowledged his longtime ties to the Maxwells, however declined to debate enterprise specifics, citing consumer confidentiality.

“I used to be an exterior adviser,” he stated, including that he now not does authorized work for Kevin and Ian Maxwell, however stays in contact with them on a non-professional foundation. He stated he solely met Epstein as soon as at a social occasion and he’s by no means had contact with Dick, La Hougue’s useful proprietor. Beyond that, he stated, “Regrettably I’m unable to remark.”

U.Ok. banker Leal-Bennett, who labored carefully with the Maxwells and testified towards the brothers throughout their legal trial, advised OCCRP that Robert Maxwell admitted to him that the household was transferring cash via “ultra-private” offshore entities. Leal-Bennett managed the household’s day-to-day company and private funds from 1989 to 1991.

“Robert Maxwell was clearly controlling all the things and Kevin was his first lieutenant,” Leal-Bennett recalled. “Kevin was hard-nosed, whereas Ian was extra of a gentle contact.” Robert and Kevin actively managed the cash, he stated, whereas Ian remained within the background. “They would bend the foundations to their benefit,” he stated.

Notably, the Maxwells’ accounts and funds are sometimes represented within the La Hougue information as “loans,” together with the place funds or shares are being transferred. Because loans are usually not taxable and income are, specialists stated it’s doable the funds had been merely labeled as loans to keep away from paying taxes.

Some loans went unpaid and, in a number of correspondences, Devlin might be seen chasing the Maxwells to repay debt, in addition to threatening chapter proceedings. In different occasions, the Maxwells’ accounts present massive, ballooning destructive balances skyrocketing for months, on the identical time it seems Kevin Maxwell was making an attempt to dodge his collectors.

“It will not be regular for accounts at any monetary establishment, wherever, to be allowed to run into debt like that for months or years at a time,” stated Dukes, the forensic accountant.

Grumbridge stated securities can certainly be used as collateral for a mortgage, however he declined to remark additional when pressed for particulars by reporters concerning the Maxwells’ loans or debt, citing consumer confidentiality.

The La Hougue information additionally present Kevin Maxwell secretly carried out enterprise via a Jersey-based entity referred to as Symposia Holdings Ltd. In 2001, British businessman Collin Sullivan reportedly sued Kevin over an actual property deal, demanding Maxwell doc his relationship to Symposia, which had performed a pivotal position within the transaction.

Maxwell advised the courtroom he didn’t have any documentation, as a result of he had deleted it, and with out this significant piece of proof in Sullivan’s case the decide dominated in Maxwell’s favor. But the La Hougue information present Kevin was not solely a principal of Symposia, which he secretly used to do enterprise — he additionally assured its money owed.

Reporters had been unable to achieve Sullivan for remark.

Kevin is mobbed by journalists

Credit:
PA Images / Alamy Stock Photo

Kevin is mobbed by journalists as he leaves the City of London Magistrates Court.

“Reckless Conduct”

The Maxwells used La Hougue’s providers till no less than 2004, when Kevin dodged one other chapter. As the belief closed, Wigley moved some shoppers with him in 2007 to Panama, forming a brand new firm, Pantrust International.

British regulators banned Kevin Maxwell from operating any firm within the U.Ok. for eight years in 2011 after he and two administrators transferred 2 million British kilos to corporations associated to them from a development firm shortly earlier than it collapsed.

Kevin and Ian have confronted a chapter once more within the U.Ok, as lately as 2016. Their older sister, Isabel, as soon as a dotcom millionaire, was additionally reportedly declared bankrupt in 2015 by the U.Ok.’s High Court.

Even earlier than Kevin Maxwell’s ban on operating U.Ok. corporations was lifted in 2019, Grumbridge arrange an actual property firm for him referred to as Avenue Partners Developments Limited.

In a December 2020 settlement with the U.Ok.’s Solicitors Regulation Authority, Grumbridge was fined by the authority and agreed to go away the authorized occupation after admitting to years of “reckless” conduct. He resigned from Avenue Partners in January 2021, with Kevin turning into an lively director within the firm once more in 2020. The firm stays lively right this moment.

Failures in document retaining and conflicts of curiosity had been famous by the U.Ok. Solicitors Regulation Authority and Grumbridge admitted to risking “facilitating doubtful transactions that would have led to cash laundering.”

The regulator particularly denounced how Grumbridge acted for “two brothers concurrently with one file and one consumer ledger,” with out figuring out the brothers. Asked if these had been the Maxwells, Grumbridge didn’t immediately verify it, however added: “There’s been a lot written about me and the Maxwells over time that I don’t know of every other brothers.”

Grumbridge cropped up another time — at Ghislaine’s trial. In the lead-up to the proceedings, U.Ok. day by day The Times revealed he had managed a few of her monetary and property affairs, together with the London house the place Ghislaine and Prince Andrew took a snapshot alongside Virginia Giuffre, the Epstein sufferer who later accused the prince of sexually assaulting her.

The land registry paperwork for Ghislaine’s house in actual fact listed Grumbridge because the custodian, underscoring his closeness together with her. Grumbridge confirmed to reporters that he was the custodian, however tried to distance himself from the disgraced heiress.

“Obviously I haven’t spoken to Ghislaine in a really very long time,” he stated.

The La Hougue information had been first reported on by New Zealand investigative journalist Nicky Hager, who shared them with world media shops.

Fact-checking was supplied by the OCCRP Fact-Checking Desk.

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