DOJ-OGR-00018489.pdf

Case 1:20-cr-00330-PAE Document 751 Filed 08/10/22 Page 152 of 261 1313 LC6Cmax5 McHugh - direct 1 Q. Thank you. All right. So, if we could turn to now page 8 of Government Exhibit 504, I'm going to ask you about some transactions from this account statement. 2 Ms. Drescher if you could please highlight the bottom two transactions on page 8 that are both dated September 18, 2002. 3 So, focusing on this first transaction on September 18th, marked sale, could you please walk the jury through what we're looking at in this transaction. 4 A. On September 18th, there was a sale of five million shares of the JP Morgan tax free money market fund institutional share class that raised $5 million in cash. 5 Q. In layman's terms, what does that mean? 6 A. It means that $5 million is now available in the account. 7 Q. Turning to the entry right below that on September 18th, marked disbursement, could you please walk the jury through what that notation means. 8 A. I'm sorry. Could you repeat that. 9 Q. Of course. So focusing on the second entry here dated September 18th, could you please walk the jury through this particular transaction. 10 A. On September 18th, there was a transfer by wire to Palm Beach National Bank & Trust Co. for the account of Ghislaine Maxwell for $5 million. 11 Q. What does the abbreviation FAO stand for? 12 SOUTHERN DISTRICT REPORTERS, P.C. (212) 805-0300 13 DOJ-OGR-00018489