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♪♪
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♪♪
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-Now, the contents of
Robert Maxwell's home
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near Oxford were auctioned today
at Sotheby's.
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Everything from furniture
to family photographs
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came under the hammer.
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One bidder paid nearly £1,000
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for the nameplate that sat
on Mr. Maxwell's desk.
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-The entire contents
of Headington Hill Hall,
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Mr. Maxwell's country
home near Oxford,
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were today knocked down
to the public.
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-£800. Yours, sir, thank you.
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-600 lots took
the whole day to sell,
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including everything
from barbecue forks
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to antique paintings.
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This one, a view of Jerusalem
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from where Maxwell is buried,
went for £54,000.
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-The place was
absolutely packed.
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There were no seats available.
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People were standing
around the back.
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Basically, they all wanted
the Maxwell memorabilia.
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You know, he's a notorious man,
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and by then,
everyone knew what had happened.
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And then I came
across this lamp.
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But what happened, of course,
when I lifted that,
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I saw that,
27
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and realised that they
were two microphones.
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He was recording everything
that was said about him.
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♪♪
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[ Static, phone line beeping ]
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♪♪
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-This was actually
in his own family home.
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So he wanted to know exactly
what his sons thought of him,
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his wife thought of him.
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And it tells you
the true story of the man.
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♪♪
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♪♪
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♪♪
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♪♪
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{\an8}-The sons of the newspaper
tycoon Robert Maxwell
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{\an8}confirmed just an hour ago
that their father is dead.
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{\an8}-It's a particularly sad moment
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because this paper
has lost its publisher
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and its chairman and its
saviour.
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-Love him or hate him,
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he touched the lives of many
thousands of people,
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many millions of people.
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And we are determined
to continue in his tradition.
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-After disappearing
off his yacht,
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the Lady Ghislaine,
Robert Maxwell's body
51
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is recovered from the sea
off the coast of Tenerife.
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His family and inner circle
gather on the island.
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-I was in Tenerife
to help the family,
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and a couple of journalists
appeared on that cay side.
55
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And then Ghislaine Maxwell
comes up.
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She's wearing a tartan suit
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with a long-ish jacket
and a short skirt,
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and she is really distressed.
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She looks very young
and very vulnerable.
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♪♪
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Then her mum comes through
and says,
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"What are you going to do
about the press out there?"
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I said, "Well, Mrs. Maxwell,
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I don't know how you feel
about it,
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but it would make things easier
if you spoke to them."
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♪♪
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[ Siren wailing in distance ]
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And she said, "I think Ghislaine
should do that."
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So Ghislaine comes through,
and she's in tears.
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She's weak and heartbreaking.
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Nothing bad had ever happened
to her in her life before.
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Betty puts to her that she
should speak to the press.
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And she just sits there
very quietly
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and she said, you know,
"What will I say?"
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And it was,
"We can get something done.
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We can write you a short speech,
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we can rehearse you,"
and we did
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and we made amendments
and so on, and...
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...she burst into tears almost
every time she spoke through it.
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And terrible tears.
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Eventually,
after going washing her face
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and getting herself tidied up,
she said, "I'll do it now."
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[ Camera shutters clicking ]
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-I want to take this opportunity
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to thank
all the many hundreds of people
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who have sent messages
of support to us
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at this very, very sad time.
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I want also to thank the press
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for their courtesy
and consideration
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to my mother and to us
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at this time,
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which we appreciate very much.
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Gracias a todos,
and thank you all very much.
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♪♪
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♪♪
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-It was a cold, windy day
on the Mount of Olives.
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Robert Maxwell was buried here
according to his wish.
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Tears from Mr. Maxwell's sons,
his wife, and his daughters.
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From Mr. Maxwell's
eldest son, Philip,
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a moving tribute.
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-Dear Dad...
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soldier...
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...publisher and patriot,
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warrior and globetrotter,
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father of nine children
and grandfather of eight,
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we salute you.
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-After an autopsy, Maxwell's
body is buried quickly,
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in line with Jewish tradition.
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[ Telephone rings ]
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-Across his global media empire,
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fear and confusion is spreading
through his senior executives.
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-And it's being
secretly recorded
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on his elaborate bugging system.
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-These calls have been re-voiced
to protect identities.
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♪♪
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-Do you think it's unlikely,
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inconceivable that Mr. Maxwell
could have committed suicide?
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-I cannot imagine any situation
that would cause Bob Maxwell
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to take his own life.
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-The thing he most hated was
being bored and left alone.
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So the notion of going on
the boat on his own
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seemed to me so alien,
I thought, "Hmm,
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I think he probably did go
with the intention
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of killing himself."
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♪♪
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-We hear now that
he probably died of
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00:09:09,000 --> 00:09:11,103
a heart attack before
he fell in the water.
128
00:09:11,103 --> 00:09:12,655
But nonetheless,
the question remains,
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how did you fall off the boat?
-You can inject someone
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to pretend or make it look like
someone's had a heart attack.
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And there's going to be
a lot of speculation about that.
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♪♪
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-Will he ask
the Prime Minister,
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00:09:28,068 --> 00:09:31,275
as head of the Security
and Intelligence Services,
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00:09:31,275 --> 00:09:35,620
to order an immediate enquiry
into the alleged relationship
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00:09:35,620 --> 00:09:39,517
between the Israeli intelligence
service and Robert Maxwell?
137
00:09:39,517 --> 00:09:41,931
-It was flying around
it could be Mossad,
138
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but, you know,
it could have easily been anyone
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00:09:44,620 --> 00:09:47,689
that he had defaulted
on payment on
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or maybe was even putting
pressure on to give him money.
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It could have been anyone.
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♪♪
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[ Telephone rings ]
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-But as the outside world
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00:10:07,068 --> 00:10:09,620
speculates about
Maxwell's death,
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00:10:09,620 --> 00:10:13,172
inside his empire,
there's another mystery.
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-Huge problems have been
discovered
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with the company's finances.
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-The whole empire
could be facing collapse.
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And one young reporter
is about to break the story.
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00:10:45,931 --> 00:10:48,689
-I'm joined by Bronwen Maddox,
who's a former media analyst
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and is now a journalist
on the Financial Times.
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How much do we really know
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about the state
of the Maxwell financial empire?
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-I'd always wanted to be
a journalist.
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I got sidetracked into the city
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because it was
a very lively thing to do
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when I was leaving university,
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00:11:07,517 --> 00:11:08,965
and it came with a lot
of adventures,
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actually, more than I would have
got in journalism,
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I think, starting out.
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I was working for a bank,
an investment house,
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writing reports for investors
about media companies.
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And I had enjoyed
going to company chairmen
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or chief executives
and challenging
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what they were saying.
167
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BSB, I think, was an
inappropriate investment
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for bond.
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00:11:32,896 --> 00:11:34,103
The Guardianneeds a re-launch.
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It's lost about 13% of
its readers.
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The mess they're in
is trying to reduce salaries
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and manning levels very quickly,
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and the blame does lie
with the management.
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I'd been following
Robert Maxwell and his companies
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as part of that job, and indeed,
travelling round to see them
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and talking to Robert Maxwell.
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I actually saw him when he had
the annual results.
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He was full of apparent
confidence.
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Remember noticing his tie,
which had a giant green
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soup stain on it,
and I was looking at it.
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I'm afraid it was about
my height, as I'm smaller.
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Maxwell was bigger.
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I was wondering,
"Has no one dared to tell him?"
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♪♪
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I was 28 when I started
at the Financial Times
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in August of the year
that Maxwell died, 1991,
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and immediately began looking
into Maxwell as a journalist
188
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because the signs that
something was going wrong
189
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had begun pitching up
in the public domain.
190
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And specifically, there were
signs that he had mortgaged
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a lot of things
in his companies.
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I knew that if he was
mortgaging that many things,
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00:12:40,965 --> 00:12:44,655
it was trying to raise money.
So it was out of confidence
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of being a financial analyst
in the city,
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00:12:47,241 --> 00:12:49,448
it gave me a grounding
in the numbers
196
00:12:49,448 --> 00:12:52,448
and a sense that the story
is often in the numbers,
197
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and the numbers
are often public.
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00:12:56,620 --> 00:12:58,379
I started by saying
to the editor,
199
00:12:58,379 --> 00:13:01,103
"Look, I'd like to get
a few company house reports
200
00:13:01,103 --> 00:13:03,310
so that I can look
in more detail
201
00:13:03,310 --> 00:13:06,793
about what's really going on."
202
00:13:06,793 --> 00:13:10,172
And then a few turned
into a couple of dozen
203
00:13:10,172 --> 00:13:12,103
and then a couple
of dozen turned into,
204
00:13:12,103 --> 00:13:14,448
well, really quite
a few more dozen.
205
00:13:14,448 --> 00:13:16,827
And this piled up,
and at some point he said,
206
00:13:16,827 --> 00:13:18,551
"Look, just get everything."
207
00:13:18,551 --> 00:13:23,689
♪♪
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00:13:23,689 --> 00:13:28,241
Each company would have
probably 30 pages.
209
00:13:28,241 --> 00:13:30,137
I got all these
and spread them out
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00:13:30,137 --> 00:13:32,413
slowly on the floor
of the newsroom to try
211
00:13:32,413 --> 00:13:35,241
and add up how much debt
the company had.
212
00:13:35,241 --> 00:13:40,655
♪♪
213
00:13:40,655 --> 00:13:42,655
We had to work out
what was owned by what
214
00:13:42,655 --> 00:13:45,103
because only then
could you work out
215
00:13:45,103 --> 00:13:47,620
how the debt was represented.
216
00:13:47,620 --> 00:13:51,137
Many of them with peculiar
share ownership structures.
217
00:13:51,137 --> 00:13:54,862
I would say like Russian dolls,
but that makes it too neat.
218
00:13:54,862 --> 00:13:56,724
These were all over the place.
219
00:13:56,724 --> 00:13:59,103
It's like someone has tidied up
a toddler's room
220
00:13:59,103 --> 00:14:02,206
and just put the toys
randomly into different drawers
221
00:14:02,206 --> 00:14:04,275
in order to clear things up
really quickly.
222
00:14:04,275 --> 00:14:06,862
It was such an odd patchwork,
223
00:14:06,862 --> 00:14:09,586
but then at the top
were constructions that were,
224
00:14:09,586 --> 00:14:12,965
I think, we can assume,
done very carefully
225
00:14:12,965 --> 00:14:14,448
that really made it very,
very hard
226
00:14:14,448 --> 00:14:16,448
to work out what was
going on financially.
227
00:14:16,448 --> 00:14:20,793
This really was not
a conventional business empire.
228
00:14:23,862 --> 00:14:26,275
Everyone knew about
Maxwell Communications,
229
00:14:26,275 --> 00:14:28,068
all the bombast Maxwell
brought to that
230
00:14:28,068 --> 00:14:30,758
and Mirror Group Newspapers,
which had just floated.
231
00:14:30,758 --> 00:14:34,241
But behind that was this web
of 800 private companies.
232
00:14:34,241 --> 00:14:36,586
And I knew I had to get
the numbers right,
233
00:14:36,586 --> 00:14:39,862
mapping and then re-mapping
all these companies
234
00:14:39,862 --> 00:14:41,931
and then adding up the debt.
235
00:14:41,931 --> 00:14:47,620
♪♪
236
00:14:47,620 --> 00:14:50,241
But what became clear
very quickly
237
00:14:50,241 --> 00:14:52,275
was that I was looking
at numbers
238
00:14:52,275 --> 00:14:54,689
that implied
the real possibility
239
00:14:54,689 --> 00:14:57,275
that the whole lot
was going to go down.
240
00:15:01,275 --> 00:15:05,413
And then it flushed up
that Maxwell missing at sea.
241
00:15:05,413 --> 00:15:08,586
And I felt the kind of rising
excitement of realising
242
00:15:08,586 --> 00:15:12,344
that I had a really full picture
of this secretive world
243
00:15:12,344 --> 00:15:13,689
that people didn't know about
244
00:15:13,689 --> 00:15:15,931
in Robert Maxwell
at just the point
245
00:15:15,931 --> 00:15:20,344
when everyone was demanding
to know exactly that.
246
00:15:20,344 --> 00:15:22,620
And I was ready to go public.
247
00:15:22,620 --> 00:15:29,034
♪♪
248
00:15:29,034 --> 00:15:31,000
-How much do we really know
249
00:15:31,000 --> 00:15:34,103
about the state
of the Maxwell financial empire?
250
00:15:34,103 --> 00:15:36,275
-It's an extremely
complicated empire.
251
00:15:36,275 --> 00:15:39,275
After a long investigation,
we've published tomorrow
252
00:15:39,275 --> 00:15:41,689
that we think he has nearly
253
00:15:41,689 --> 00:15:43,862
three quarters
of £1 billion of debt
254
00:15:43,862 --> 00:15:46,103
in the private companies
on top of the debt
255
00:15:46,103 --> 00:15:47,655
in the public companies.
256
00:15:47,655 --> 00:15:50,344
That means after £1 billion
of sales of assets
257
00:15:50,344 --> 00:15:53,344
and businesses this year,
the total Maxwell empire
258
00:15:53,344 --> 00:15:56,448
still has over £2 billion
of debt.
259
00:15:56,448 --> 00:16:00,000
-The death of Robert Maxwell
raises fundamental questions
260
00:16:00,000 --> 00:16:02,344
about the future
of his huge empire.
261
00:16:02,344 --> 00:16:05,482
Some city analysts say
he was the only person
262
00:16:05,482 --> 00:16:07,793
who knew the ins
and outs of his businesses.
263
00:16:07,793 --> 00:16:11,344
The sons who've taken over have
been groomed by their father
264
00:16:11,344 --> 00:16:12,931
and, while less flamboyant,
265
00:16:12,931 --> 00:16:15,310
are determined
to continue his traditions.
266
00:16:15,310 --> 00:16:17,896
But how will the empire fare
under them?
267
00:16:17,896 --> 00:16:19,379
-Members of the Maxwell family
268
00:16:19,379 --> 00:16:21,448
have been meeting financial
advisers this morning
269
00:16:21,448 --> 00:16:24,241
to plan the future
of the publishing empire.
270
00:16:24,241 --> 00:16:26,310
-Personal business,
and the fact is, you know,
271
00:16:26,310 --> 00:16:29,275
I'm clearly immensely saddened.
272
00:16:29,275 --> 00:16:31,103
Some of the events
have been extremely shocking.
273
00:16:31,103 --> 00:16:33,068
I lost my father,
so I would say that
274
00:16:33,068 --> 00:16:36,034
it's a combination of events
that I wouldn't believe
275
00:16:36,034 --> 00:16:37,655
if I read it in a novel.
276
00:16:37,655 --> 00:16:40,413
-Kevin and Ian Maxwell, at that
point, were very much seen
277
00:16:40,413 --> 00:16:43,068
as the brave sons
trying to cope with this loss.
278
00:16:43,068 --> 00:16:45,103
And everyone was wondering
279
00:16:45,103 --> 00:16:47,275
can the boys
manage to turn it around,
280
00:16:47,275 --> 00:16:49,137
can they sell off bits
here and there
281
00:16:49,137 --> 00:16:52,655
and just pay down the debt?
282
00:16:52,655 --> 00:16:53,862
And then the full picture
283
00:16:53,862 --> 00:16:56,586
began to emerge
of just how bad it was.
284
00:16:56,586 --> 00:16:58,034
[ Siren wailing ]
285
00:16:58,034 --> 00:16:59,448
-Tonight, a police van
286
00:16:59,448 --> 00:17:01,620
pulled out of
Maxwell headquarters.
287
00:17:01,620 --> 00:17:04,793
At the end of the day,
dramatic even by the standards
288
00:17:04,793 --> 00:17:06,793
of the newspaper world.
289
00:17:06,793 --> 00:17:11,896
♪♪
290
00:17:11,896 --> 00:17:14,344
All day, detectives had crawled
through offices
291
00:17:14,344 --> 00:17:18,103
where once Robert Maxwell sat
and ran his businesses.
292
00:17:18,103 --> 00:17:26,482
♪♪
293
00:17:26,482 --> 00:17:28,758
-I remember
the Serious Fraud Office
294
00:17:28,758 --> 00:17:31,241
coming in very well.
295
00:17:31,241 --> 00:17:34,862
I walked in there one morning,
and to my horror,
296
00:17:34,862 --> 00:17:38,482
there were these great
big brutes of guys with a huge,
297
00:17:38,482 --> 00:17:40,517
great big screwdriver,
biggest screwdriver
298
00:17:40,517 --> 00:17:44,758
I've ever seen,
levering open filing cabinets.
299
00:17:44,758 --> 00:17:47,241
And I said to them,
"Excuse me, I've got keys."
300
00:17:47,241 --> 00:17:49,551
I was horrified,
and they just said to me,
301
00:17:49,551 --> 00:17:52,620
"We won't be needing those," and
just carried on opening them up.
302
00:17:52,620 --> 00:17:55,413
They were thugs.
They were awful. I hated them.
303
00:17:55,413 --> 00:17:59,206
It was -- the whole thing turned
really nasty after that.
304
00:17:59,206 --> 00:18:10,482
♪♪
305
00:18:10,482 --> 00:18:14,137
[ Sirens wailing in distance ]
306
00:18:14,137 --> 00:18:21,103
♪♪
307
00:18:21,103 --> 00:18:27,896
♪♪
308
00:18:27,896 --> 00:18:30,689
-You told me that you love
to be anonymous
309
00:18:30,689 --> 00:18:34,206
and you love the fact
that not everybody really knows
310
00:18:34,206 --> 00:18:36,275
who you are in New York.
311
00:18:36,275 --> 00:18:38,620
-It's great.
I can -- I have my friends
312
00:18:38,620 --> 00:18:41,448
and I can live my life
and people don't come up
313
00:18:41,448 --> 00:18:43,517
and say,
"So, how you feeling," you know?
314
00:18:43,517 --> 00:18:45,482
"So, you're okay?
How you doing?"
315
00:18:45,482 --> 00:18:48,137
It's, I mean,
other people's lives
316
00:18:48,137 --> 00:18:50,379
are very interesting, too.
I like to have the opportunity
317
00:18:50,379 --> 00:18:52,034
to ask them questions.
I don't always like to be
318
00:18:52,034 --> 00:18:54,965
the one that people
are asking the questions of.
319
00:18:54,965 --> 00:18:58,137
-Now, there were so many
publications about your father.
320
00:18:58,137 --> 00:19:01,275
I saw a picture of you and
your father and Queen Elizabeth.
321
00:19:01,275 --> 00:19:03,448
And of course, you know,
you were the youngest,
322
00:19:03,448 --> 00:19:06,586
you were
the closest one to him.
323
00:19:06,586 --> 00:19:09,379
There is little girl,
like, suddenly to go
324
00:19:09,379 --> 00:19:11,896
to another --
a different reality at all.
325
00:19:11,896 --> 00:19:14,000
I mean --
-It's changed.
326
00:19:14,000 --> 00:19:15,413
Nothing's changed.
327
00:19:15,413 --> 00:19:16,965
I don't feel diminished at all.
328
00:19:16,965 --> 00:19:21,206
I'm extremely sad that my father
is no longer here,
329
00:19:21,206 --> 00:19:25,103
but I don't feel in any way
smaller or lesser
330
00:19:25,103 --> 00:19:27,241
than what I was before.
331
00:19:27,241 --> 00:19:30,103
I'm me.
332
00:19:30,103 --> 00:19:33,275
I'm healthy. I'm very lucky.
333
00:19:33,275 --> 00:19:35,448
And survival means
many different things
334
00:19:35,448 --> 00:19:36,965
to different people.
335
00:19:36,965 --> 00:19:38,655
Survival, in my case,
336
00:19:38,655 --> 00:19:41,689
means getting up in the morning
and figuring out
337
00:19:41,689 --> 00:19:44,379
a new life,
and smiling and being happy
338
00:19:44,379 --> 00:19:46,517
and looking at
the positive side of things.
339
00:19:46,517 --> 00:19:48,448
Life is sad.
It's always very sad
340
00:19:48,448 --> 00:19:52,482
when you lose a parent,
but you have to go on.
341
00:19:52,482 --> 00:19:55,379
I'd like to think that I'll be
able to do something positive,
342
00:19:55,379 --> 00:19:58,620
and I can't say
what it is right now
343
00:19:58,620 --> 00:20:01,103
because I'm working on it,
and until I've done it,
344
00:20:01,103 --> 00:20:05,034
then everything is
just words again.
345
00:20:05,034 --> 00:20:08,103
-Don't you feel insecure,
scared from the future?
346
00:20:08,103 --> 00:20:10,344
-No.
I'm lucky I get to start again.
347
00:20:11,793 --> 00:20:19,482
♪♪
348
00:20:19,482 --> 00:20:26,896
♪♪
349
00:20:26,896 --> 00:20:29,448
-During the '90s,
when I was in New York,
350
00:20:29,448 --> 00:20:32,310
a friend invited me to a party
351
00:20:32,310 --> 00:20:36,413
he was having at his house
in SoHo downtown,
352
00:20:36,413 --> 00:20:39,241
and there were lots of people
there when I arrived,
353
00:20:39,241 --> 00:20:44,310
and I went to sit at this long
table and there was Ghislaine.
354
00:20:45,137 --> 00:20:48,103
We looked at each other
and we were like,
355
00:20:48,103 --> 00:20:50,379
"Oh, yes, we've met before."
356
00:20:53,896 --> 00:20:57,068
I'd met her a year previously
in London.
357
00:20:57,068 --> 00:20:58,551
The thing that marked Ghislaine
358
00:20:58,551 --> 00:21:03,068
was how extraordinarily
friendly she was,
359
00:21:03,068 --> 00:21:07,758
how instantly she said
her name, said,
360
00:21:07,758 --> 00:21:10,758
"You know, what's your name?
I'm Ghislaine."
361
00:21:10,758 --> 00:21:13,551
She made you feel included.
362
00:21:13,551 --> 00:21:16,896
She was very popular
because she was charming
363
00:21:16,896 --> 00:21:20,965
and she was opinionated
and she was funny.
364
00:21:20,965 --> 00:21:28,275
♪♪
365
00:21:28,275 --> 00:21:29,896
This was a very different
Ghislaine.
366
00:21:29,896 --> 00:21:32,689
She was a shrunken version
367
00:21:32,689 --> 00:21:36,517
of the person that I'd met
the year previously.
368
00:21:36,517 --> 00:21:40,586
Like she couldn't quite believe
what had happened to her.
369
00:21:43,620 --> 00:21:46,275
-I hate to speculate
about your father.
370
00:21:46,275 --> 00:21:48,517
What you think?
What happened to him?
371
00:21:51,413 --> 00:21:55,310
-You'll never know, so there'll
never be any, you know --
372
00:21:55,310 --> 00:21:57,724
It's one of those things.
Nobody was there, nobody saw,
373
00:21:57,724 --> 00:22:01,724
so you'll never be 100% sure
of exactly what took place.
374
00:22:01,724 --> 00:22:04,620
The only thing I'm sure of is
that he did not commit suicide.
375
00:22:04,620 --> 00:22:07,413
-That's your 100% true.
-No question.
376
00:22:12,275 --> 00:22:14,551
-I remember her inviting me
over to her apartment
377
00:22:14,551 --> 00:22:17,344
and she was talking
about her father's death.
378
00:22:17,344 --> 00:22:21,448
She was convinced
that he had been murdered.
379
00:22:21,448 --> 00:22:24,862
The perception then,
which she seemed to encourage,
380
00:22:24,862 --> 00:22:29,793
was that she was suddenly
381
00:22:29,793 --> 00:22:33,931
extraordinarily well connected,
but kind of destitute.
382
00:22:33,931 --> 00:22:36,344
That there was no money,
383
00:22:36,344 --> 00:22:39,482
that everything had been
384
00:22:39,482 --> 00:22:43,206
kind of plunged into chaos
with his death.
385
00:22:43,206 --> 00:22:47,413
And she was reading off the
names of people she was talking,
386
00:22:47,413 --> 00:22:50,206
including Henry Kissinger,
who had been asking about
387
00:22:50,206 --> 00:22:53,482
how she was going, you know,
how she was going to make it
388
00:22:53,482 --> 00:22:56,068
through this
extraordinary situation.
389
00:22:56,068 --> 00:23:00,586
And she said, "I told Henry,
just watch in a year.
390
00:23:00,586 --> 00:23:04,137
Come back, watch this space.
See what's happening.
391
00:23:04,137 --> 00:23:06,379
I don't know
what it's going to be,
392
00:23:06,379 --> 00:23:08,034
but it's going
to be interesting."
393
00:23:08,034 --> 00:23:19,482
♪♪
394
00:23:19,482 --> 00:23:21,482
-Here, the Serious Fraud Office
395
00:23:21,482 --> 00:23:23,896
has begun an investigation
into the management
396
00:23:23,896 --> 00:23:26,620
of pension funds
at Mirror Group Newspapers.
397
00:23:26,620 --> 00:23:29,000
It's feared that around
£300 million
398
00:23:29,000 --> 00:23:31,724
of pensioners' money
could be missing.
399
00:23:35,482 --> 00:23:37,068
-Mirror Group workers turned up
400
00:23:37,068 --> 00:23:39,034
at their Holborn offices
this morning
401
00:23:39,034 --> 00:23:41,551
not knowing whether the pensions
they had contributed to
402
00:23:41,551 --> 00:23:45,103
for years would ever be paid
in full or in part.
403
00:23:45,103 --> 00:23:47,275
-This is a major scandal,
404
00:23:47,275 --> 00:23:49,344
and the money will have
to be accounted for.
405
00:23:49,344 --> 00:23:51,344
Pensioners have paid
for their moneys
406
00:23:51,344 --> 00:23:54,137
and we expect
to see it returned to us.
407
00:23:54,137 --> 00:23:58,689
♪♪
408
00:23:58,689 --> 00:24:00,862
-News of the shortfall
in the Mirror Group's
409
00:24:00,862 --> 00:24:03,965
pension fund has now pushed
the Maxwell Empire
410
00:24:03,965 --> 00:24:05,620
to the very brink of collapse.
411
00:24:05,620 --> 00:24:08,620
Last night, Robert Maxwell's
sons Ian and Kevin
412
00:24:08,620 --> 00:24:11,793
resigned from their positions
as chairman of the empire's
413
00:24:11,793 --> 00:24:14,206
two pillars,
Mirror Group Newspapers
414
00:24:14,206 --> 00:24:17,137
and Maxwell Communications
Corporation.
415
00:24:21,275 --> 00:24:23,758
-Within three or four days,
416
00:24:23,758 --> 00:24:28,689
the headline was Maxwell had
stolen all the pension money.
417
00:24:28,689 --> 00:24:33,206
The whole thing was just
more surreal than surreal.
418
00:24:33,206 --> 00:24:38,172
♪♪
419
00:24:38,172 --> 00:24:43,241
-And what became clear very
quickly was that it was a fraud
420
00:24:43,241 --> 00:24:45,862
and that it had happened
very, very fast --
421
00:24:45,862 --> 00:24:48,655
really, most of it within
the last 10 months
422
00:24:48,655 --> 00:24:51,620
of Maxwell's life.
423
00:24:51,620 --> 00:24:54,413
People wanted to know
where the money had gone,
424
00:24:54,413 --> 00:24:58,620
how this could have happened,
and who was responsible.
425
00:25:01,103 --> 00:25:03,137
-Now...
426
00:25:03,137 --> 00:25:05,655
ladies and gentlemen,
427
00:25:05,655 --> 00:25:10,206
inside here, no kidding,
is exactly
428
00:25:10,206 --> 00:25:15,241
£1 million in cash.
429
00:25:15,241 --> 00:25:17,620
Isn't that nice?
[ Applause ]
430
00:25:17,620 --> 00:25:19,206
-The network of
Maxwell companies
431
00:25:19,206 --> 00:25:21,172
was very, very complicated,
432
00:25:21,172 --> 00:25:24,413
partly with a view, I think,
to keeping the world at bay
433
00:25:24,413 --> 00:25:26,620
and not letting people
see what's going on.
434
00:25:26,620 --> 00:25:29,000
The actual fraud
was very, very simple.
435
00:25:29,000 --> 00:25:30,448
It's hard to get away
from the statement that
436
00:25:30,448 --> 00:25:32,379
Maxwell basically
just took the money.
437
00:25:32,379 --> 00:25:34,551
-Choose any package at all
you like.
438
00:25:34,551 --> 00:25:36,068
Now, you're happy with
that packet?
439
00:25:36,068 --> 00:25:37,275
It's heavy, isn't it?
440
00:25:37,275 --> 00:25:39,310
Now, do you know
why that's heavy?
441
00:25:39,310 --> 00:25:41,034
And they put it back.
442
00:25:41,034 --> 00:25:42,310
[ Laughter ]
443
00:25:42,310 --> 00:25:44,103
You've got to watch.
444
00:25:44,103 --> 00:25:45,862
-Maxwell's companies had
massive debts,
445
00:25:45,862 --> 00:25:47,275
billions of pounds.
446
00:25:47,275 --> 00:25:49,241
He was really desperate
for cash,
447
00:25:49,241 --> 00:25:50,931
selling businesses
where he could.
448
00:25:50,931 --> 00:25:52,586
But it wasn't enough.
449
00:25:52,586 --> 00:25:54,586
What he did
in the following year
450
00:25:54,586 --> 00:25:58,275
was to just grab
big blocks of cash
451
00:25:58,275 --> 00:26:00,655
that were sitting there,
or pension fund shares
452
00:26:00,655 --> 00:26:02,620
that could be sold very quickly,
or the cash
453
00:26:02,620 --> 00:26:06,000
that was in the bank accounts
of his public companies
454
00:26:06,000 --> 00:26:07,379
and take it.
455
00:26:07,379 --> 00:26:10,793
-There it is, £1 million.
456
00:26:10,793 --> 00:26:16,379
And we're going to lower it
into this Perspex box here.
457
00:26:16,379 --> 00:26:19,448
-The fact that he had powers
to do that is shocking.
458
00:26:19,448 --> 00:26:22,000
But he did have the power
at that point
459
00:26:22,000 --> 00:26:26,586
to remove the pension shares
and still legally use it
460
00:26:26,586 --> 00:26:29,586
to pay off the bankers
of his private companies
461
00:26:29,586 --> 00:26:32,172
who were beginning to panic
on the assurance
462
00:26:32,172 --> 00:26:34,034
that the money would come back.
463
00:26:34,034 --> 00:26:35,827
That never happened.
464
00:26:35,827 --> 00:26:37,448
-So what I want to know is this.
465
00:26:37,448 --> 00:26:40,241
How the dickens
did we get this
466
00:26:40,241 --> 00:26:41,689
back inside it?
467
00:26:41,689 --> 00:26:47,758
As large as life and still
full of the money.
468
00:26:47,758 --> 00:26:49,448
There it is.
469
00:26:49,448 --> 00:26:51,655
Isn't that good? Whoa!
470
00:26:51,655 --> 00:26:54,068
And I've always wanted to
do this.
471
00:26:54,068 --> 00:26:55,758
[ Cheers and applause ]
472
00:26:55,758 --> 00:26:57,103
Amazing.
473
00:26:57,103 --> 00:26:59,482
-The problem for a lot of
the people dealing with Maxwell,
474
00:26:59,482 --> 00:27:01,275
dealing really closely
with Maxwell
475
00:27:01,275 --> 00:27:02,896
for the last year of his life,
476
00:27:02,896 --> 00:27:06,206
was that they were like
the blind man and the elephant.
477
00:27:06,206 --> 00:27:07,724
They could see a part of it
478
00:27:07,724 --> 00:27:10,103
or they could feel
a part of it, if you like,
479
00:27:10,103 --> 00:27:12,344
but they couldn't see
the whole thing.
480
00:27:14,586 --> 00:27:16,482
And those who had
their suspicions
481
00:27:16,482 --> 00:27:18,517
were struggling to stop him.
482
00:27:22,517 --> 00:27:27,344
-Lawrence was finance director
of Mirror Group Newspapers.
483
00:27:27,344 --> 00:27:30,620
He was a gentle man.
484
00:27:30,620 --> 00:27:32,172
You couldn't have
an argument with him.
485
00:27:32,172 --> 00:27:36,448
He just was not
that way inclined.
486
00:27:36,448 --> 00:27:41,000
Some people thought he was shy,
very determined, dogged.
487
00:27:41,000 --> 00:27:42,896
{\an8}There was no way if, you know,
488
00:27:42,896 --> 00:27:45,344
{\an8}if I asked him to do something
and he hadn't planned to do it,
489
00:27:45,344 --> 00:27:47,586
{\an8}then there was no way
it got done.
490
00:27:51,034 --> 00:27:54,862
I think everyone found it very
difficult working for Maxwell.
491
00:27:54,862 --> 00:27:57,206
He had everybody at loggerheads
492
00:27:57,206 --> 00:28:01,034
because if if everybody is
at loggerheads with each other,
493
00:28:01,034 --> 00:28:04,896
they're not going to
threaten him.
494
00:28:04,896 --> 00:28:08,586
-This is for private purposes,
not for...
495
00:28:08,586 --> 00:28:11,206
[ Indistinct conversation ]
496
00:28:11,206 --> 00:28:14,758
♪♪
497
00:28:14,758 --> 00:28:18,241
-I heard it described as a bit
like the leader of a wolf pack.
498
00:28:18,241 --> 00:28:22,137
♪♪
499
00:28:22,137 --> 00:28:25,344
Lawrence was always
wary of Maxwell.
500
00:28:25,344 --> 00:28:27,413
But he began to suspect
something was wrong
501
00:28:27,413 --> 00:28:31,206
when the Mirror was floated
on the stock market.
502
00:28:31,206 --> 00:28:33,413
-On May 3rd,
the Mirror Group will cease
503
00:28:33,413 --> 00:28:36,724
to be a private company
of media baron Robert Maxwell
504
00:28:36,724 --> 00:28:39,724
and expects
to raise £250 million
505
00:28:39,724 --> 00:28:43,965
by selling its shares
to investors and institutions.
506
00:28:43,965 --> 00:28:46,448
-Whilst Maxwell continued
his desperate efforts
507
00:28:46,448 --> 00:28:50,448
to raise cash,
Finance Director Lawrence Guest
508
00:28:50,448 --> 00:28:54,172
noticed something worrying.
509
00:28:54,172 --> 00:28:59,206
£38 million missing
from the accounts.
510
00:29:01,586 --> 00:29:06,413
He shared his concern on
late night calls with his wife.
511
00:29:31,103 --> 00:29:33,965
[ Receiver clicks ]
512
00:29:33,965 --> 00:29:36,344
-But what Lawrence didn't know
513
00:29:36,344 --> 00:29:40,620
was Maxwell was already
one step ahead of him.
514
00:29:40,620 --> 00:29:43,103
-I was head of security
for Maxwell.
515
00:29:43,103 --> 00:29:46,827
{\an8}He had an expression
that trust was like virginity.
516
00:29:46,827 --> 00:29:48,793
{\an8}You only lost it once.
517
00:29:48,793 --> 00:29:53,310
{\an8}And certainly,
if a person was loyal,
518
00:29:53,310 --> 00:29:55,482
he repaid that loyalty.
519
00:29:55,482 --> 00:30:00,137
And he could be quite ruthless
to people that were not giving
520
00:30:00,137 --> 00:30:03,655
their all for him
or were disloyal.
521
00:30:03,655 --> 00:30:07,379
And he asked whether or not
we could record
522
00:30:07,379 --> 00:30:10,344
the telephone conversations
to test to find out
523
00:30:10,344 --> 00:30:13,310
whether or not this person
was being disloyal to him.
524
00:30:13,310 --> 00:30:15,655
And he needed to have --
he needed to find out.
525
00:30:15,655 --> 00:30:17,517
As it turned out,
the Finance Director,
526
00:30:17,517 --> 00:30:20,448
Lawrence Guest,
was one of the targets.
527
00:30:20,448 --> 00:30:22,241
[ Static ]
528
00:30:22,241 --> 00:30:25,172
[ Telephone rings ]
529
00:30:52,172 --> 00:30:54,310
[ Static ]
530
00:30:56,310 --> 00:30:57,724
[ Telephone rings ]
531
00:30:57,724 --> 00:31:00,482
-Maxwell said to Lawrence,
532
00:31:00,482 --> 00:31:03,517
"You don't need to worry anymore
because it was out on loan"
533
00:31:03,517 --> 00:31:04,896
and that it would be
coming back,
534
00:31:04,896 --> 00:31:06,655
but it didn't ever come back.
535
00:31:06,655 --> 00:31:10,793
And although he mentioned it to
auditors and merchant bankers,
536
00:31:10,793 --> 00:31:15,827
nobody would -- didn't want
to know, I guess is the answer.
537
00:31:15,827 --> 00:31:17,586
You know, he was told,
"We're not to worry.
538
00:31:17,586 --> 00:31:20,586
It's not really your --
not your problem."
539
00:31:20,586 --> 00:31:23,034
But as a finance
director for PRC,
540
00:31:23,034 --> 00:31:25,482
he certainly felt,
with shareholders to account to,
541
00:31:25,482 --> 00:31:30,827
he certainly felt that it was
his responsibility and problem.
542
00:31:30,827 --> 00:31:35,000
Life got very unreal, is about
the only thing I can say.
543
00:31:35,000 --> 00:31:36,724
Highly stressful.
544
00:31:36,724 --> 00:31:39,689
And Lawrence was obviously
highly stressed
545
00:31:39,689 --> 00:31:41,827
and couldn't and didn't really
want to believe,
546
00:31:41,827 --> 00:31:44,172
you know, what was happening
547
00:31:44,172 --> 00:31:47,517
or what he suspected
was happening.
548
00:31:47,517 --> 00:31:49,620
And what he suspected
was that Maxwell
549
00:31:49,620 --> 00:31:52,206
was taking money
out of the Mirror
550
00:31:52,206 --> 00:31:54,827
to pay off debts
in his private companies.
551
00:31:54,827 --> 00:31:56,827
But he couldn't prove it.
552
00:31:56,827 --> 00:32:04,793
♪♪
553
00:32:20,862 --> 00:32:25,310
♪♪
554
00:32:25,310 --> 00:32:27,482
-Lawrence kept on knocking
on his door
555
00:32:27,482 --> 00:32:29,896
and banging away and saying,
you know,
556
00:32:29,896 --> 00:32:31,931
"What's happening to this money?
557
00:32:31,931 --> 00:32:33,827
Belongs to the Mirror."
558
00:32:33,827 --> 00:32:38,689
In the face of, really,
you know, a tyrant.
559
00:32:38,689 --> 00:32:40,827
But without success.
560
00:32:43,965 --> 00:32:46,379
He felt time was running out.
561
00:32:46,379 --> 00:32:49,689
So Lawrence wrote a memo
to his fellow executives.
562
00:32:51,793 --> 00:32:53,896
{\an8}-I am now convinced that
MGN resources
563
00:32:53,896 --> 00:32:57,034
{\an8}have been used to support
other parts of the group,
564
00:32:57,034 --> 00:32:59,172
{\an8}but I have no proof.
565
00:32:59,172 --> 00:33:01,413
{\an8}I think that I frightened
the Chairman,
566
00:33:01,413 --> 00:33:04,689
but my main concern
must be to get the money back.
567
00:33:04,689 --> 00:33:08,482
I think I am in a situation
that nothing more will flow out,
568
00:33:08,482 --> 00:33:12,241
although I don't have
the mechanism to stop it.
569
00:33:12,241 --> 00:33:15,793
♪♪
570
00:33:15,793 --> 00:33:18,413
[ Horns honking ]
571
00:33:18,413 --> 00:33:23,310
-But what no one could see
was that the missing £38 million
572
00:33:23,310 --> 00:33:26,655
was just the tip of the iceberg.
573
00:33:26,655 --> 00:33:31,482
Maxwell would go on to plunder
more than £400 million,
574
00:33:31,482 --> 00:33:35,655
and nobody had the power
to stop him.
575
00:33:35,655 --> 00:33:37,620
-The man I was working for
told me
576
00:33:37,620 --> 00:33:40,827
{\an8}that they had had instructions
from Maxwell
577
00:33:40,827 --> 00:33:46,103
{\an8}that the directors
were not to meet each other
578
00:33:46,103 --> 00:33:48,310
{\an8}unless there was
a Maxwell present,
579
00:33:48,310 --> 00:33:51,827
i.e. Kevin or Ian or himself.
580
00:33:51,827 --> 00:33:56,448
And so my bosses had
these clandestine meetings,
581
00:33:56,448 --> 00:34:00,793
and I knew they were passing
notes around and not talking
582
00:34:00,793 --> 00:34:03,206
because I found a few notes
in the bin afterwards.
583
00:34:03,206 --> 00:34:07,620
One of them I remember reading
said, "He knows that we know."
584
00:34:07,620 --> 00:34:14,482
♪♪
585
00:34:14,482 --> 00:34:16,448
By that time, we all realised
586
00:34:16,448 --> 00:34:18,655
that there was
something going on.
587
00:34:18,655 --> 00:34:21,689
He wasn't quite
as he used to be.
588
00:34:21,689 --> 00:34:26,620
He looked a bit dishevelled
and a bit unkempt.
589
00:34:26,620 --> 00:34:30,344
I noticed a couple of times
he had a button off his shirt
590
00:34:30,344 --> 00:34:32,310
and his eating habits
591
00:34:32,310 --> 00:34:35,586
were really,
really not very nice.
592
00:34:35,586 --> 00:34:39,172
He just seemed to think
he could do what he liked.
593
00:34:41,482 --> 00:34:45,310
He was becoming very suspicious.
594
00:34:45,310 --> 00:34:47,517
He wasn't trusting anyone.
595
00:34:47,517 --> 00:34:52,172
I think it just reflects
on how paranoid he was becoming.
596
00:34:52,172 --> 00:35:01,793
♪♪
597
00:35:01,793 --> 00:35:04,586
[ Applause ]
598
00:35:04,586 --> 00:35:07,827
-At the Labour Party Conference
in Brighton that year,
599
00:35:07,827 --> 00:35:11,000
Lawrence was taken aside by one
of the joint managing directors
600
00:35:11,000 --> 00:35:15,172
and warned that
it was advisable for Lawrence
601
00:35:15,172 --> 00:35:18,172
and not to be travelling
on public transport
602
00:35:18,172 --> 00:35:22,344
and to take different routes
to the office by car every day,
603
00:35:22,344 --> 00:35:25,000
not to --
not to have a pattern.
604
00:35:26,827 --> 00:35:31,758
♪♪
605
00:35:31,758 --> 00:35:33,827
It was very frightening.
606
00:35:33,827 --> 00:35:41,689
♪♪
607
00:35:41,689 --> 00:35:45,275
And then suddenly,
608
00:35:45,275 --> 00:35:47,758
he disappeared.
609
00:35:47,758 --> 00:35:53,310
♪♪
610
00:35:53,310 --> 00:35:55,310
By the time it came to
the 5th of November,
611
00:35:55,310 --> 00:35:57,896
it was Lawrence
or it was Maxwell.
612
00:35:57,896 --> 00:36:00,758
That was how I felt.
613
00:36:00,758 --> 00:36:05,724
You know, one or the other of
them had to go,
614
00:36:05,724 --> 00:36:08,482
and to this day,
615
00:36:08,482 --> 00:36:12,000
5th of November,
when I hear fireworks,
616
00:36:12,000 --> 00:36:14,275
takes me straight back.
617
00:36:18,275 --> 00:36:20,344
Yeah, to the relief.
618
00:36:21,137 --> 00:36:32,827
♪♪
619
00:36:32,827 --> 00:36:44,413
♪♪
620
00:36:44,413 --> 00:36:46,379
-Do you feel there is
a terrible hatred
621
00:36:46,379 --> 00:36:48,000
against your family in England?
622
00:36:48,000 --> 00:36:51,413
Because, I mean, people are
really being cruel right now.
623
00:36:53,827 --> 00:36:56,206
-I'm not in England,
so I don't know exactly.
624
00:36:56,206 --> 00:36:57,965
It's very difficult for me
to gauge
625
00:36:57,965 --> 00:36:59,931
what the feelings are there,
626
00:36:59,931 --> 00:37:02,827
but I'm sure that there are
people who feel that way.
627
00:37:02,827 --> 00:37:05,206
-Two years ago,
the name Maxwell was like
628
00:37:05,206 --> 00:37:06,793
power or money, everything.
629
00:37:06,793 --> 00:37:08,034
-What do you feel right now
630
00:37:08,034 --> 00:37:09,482
when you're carrying this name?
631
00:37:09,482 --> 00:37:11,896
-I don't know.
You tell me what you think.
632
00:37:11,896 --> 00:37:15,241
I'm proud of it.
633
00:37:15,241 --> 00:37:17,655
-I think I would still feel like
a little bit anger
634
00:37:17,655 --> 00:37:20,551
that my dad
didn't even leave me one --
635
00:37:20,551 --> 00:37:23,275
one security on this world.
636
00:37:23,275 --> 00:37:25,896
-He was never going to leave us
any money anyway
637
00:37:25,896 --> 00:37:27,448
in the first place.
638
00:37:27,448 --> 00:37:28,793
-I mean, do you really believe
639
00:37:28,793 --> 00:37:30,344
that he didn't intend
to leave you money?
640
00:37:30,344 --> 00:37:33,310
-No.
-Why is that?
641
00:37:33,310 --> 00:37:35,758
-Just my father believes that
642
00:37:35,758 --> 00:37:38,068
you got to
make your own way in life.
643
00:37:38,068 --> 00:37:45,482
♪♪
644
00:37:45,482 --> 00:37:47,379
-These were sort of early days
for Ghislaine
645
00:37:47,379 --> 00:37:49,620
living in New York.
646
00:37:49,620 --> 00:37:56,275
{\an8}The only people I saw her with
at the time were
647
00:37:56,275 --> 00:37:57,965
{\an8}bright Brits,
648
00:37:57,965 --> 00:38:02,310
{\an8}but by the time I saw her next,
649
00:38:02,310 --> 00:38:05,793
she told me
that she had just met someone
650
00:38:05,793 --> 00:38:07,517
staggeringly important.
651
00:38:09,482 --> 00:38:11,068
Jeffrey Epstein.
652
00:38:11,068 --> 00:38:13,586
And they were dating.
653
00:38:15,655 --> 00:38:19,172
And she told me that she was not
only dating him,
654
00:38:19,172 --> 00:38:21,310
but she was working for him
655
00:38:21,310 --> 00:38:26,206
and that her job included
running all of his properties.
656
00:38:29,827 --> 00:38:32,758
The first thing she wanted you
always to know about Jeffrey
657
00:38:32,758 --> 00:38:34,827
was that he managed
people's money
658
00:38:34,827 --> 00:38:36,275
and he would not take anyone
659
00:38:36,275 --> 00:38:38,413
who had less than $1 billion.
660
00:38:38,413 --> 00:38:40,620
That was the kind of shorthand
to let you know
661
00:38:40,620 --> 00:38:46,827
that he was fantastically
brilliant and talented.
662
00:38:46,827 --> 00:38:55,206
♪♪
663
00:38:55,206 --> 00:38:59,241
After the prospect of financial
ruin after her father's death,
664
00:38:59,241 --> 00:39:02,517
Jeffery represented
665
00:39:02,517 --> 00:39:07,827
access to private planes
and yachts and wealth,
666
00:39:07,827 --> 00:39:13,344
and she would do anything
in her power to please him.
667
00:39:13,344 --> 00:39:19,000
But also it seemed like
a bizarre echo of the dynamic
668
00:39:19,000 --> 00:39:21,103
between Ghislaine and her father
669
00:39:21,103 --> 00:39:24,379
that she was acting out
with Epstein.
670
00:39:24,379 --> 00:39:27,793
-Did she ever tell you about
how she met Jeffrey?
671
00:39:27,793 --> 00:39:31,310
-She never told me
how she met Jeffrey Epstein.
672
00:39:31,310 --> 00:39:36,793
And of course, we're all kind of
dying to know now.
673
00:39:42,620 --> 00:39:46,793
{\an8}-There is a photo taken,
674
00:39:46,793 --> 00:39:49,344
{\an8}I believe,
in the plaza ballroom
675
00:39:49,344 --> 00:39:51,655
{\an8}of Ghislaine,
676
00:39:51,655 --> 00:39:54,827
and sitting next to Ghislaine
at dinner
677
00:39:54,827 --> 00:39:58,655
is Jeffrey Epstein.
678
00:39:58,655 --> 00:40:02,689
And that picture was taken
just under three weeks
679
00:40:02,689 --> 00:40:06,310
after her father died.
680
00:40:06,310 --> 00:40:10,482
Ghislaine is looking at
Jeffrey Epstein adoringly.
681
00:40:12,413 --> 00:40:16,655
They don't look like two people
who've just met.
682
00:40:20,344 --> 00:40:23,931
And I think they were
already friends,
683
00:40:23,931 --> 00:40:27,448
and that, in fact,
Ghislaine went to New York
684
00:40:27,448 --> 00:40:30,103
to see Jeffrey Epstein.
685
00:40:32,344 --> 00:40:35,310
I've always thought to myself
that there was a reason
686
00:40:35,310 --> 00:40:39,517
why the relationship
was kept so secret.
687
00:40:39,517 --> 00:40:42,379
And I think it was
in their interests
688
00:40:42,379 --> 00:40:45,655
that this would never get out.
689
00:40:45,655 --> 00:40:48,620
I was working in the city
and I had some friends
690
00:40:48,620 --> 00:40:51,068
who worked on Wall Street
during that time,
691
00:40:51,068 --> 00:40:55,758
and they heard that
Jeffrey Epstein
692
00:40:55,758 --> 00:40:58,103
and Robert Maxwell
693
00:40:58,103 --> 00:41:02,655
had entered into an agreement
before Robert Maxwell's death
694
00:41:02,655 --> 00:41:05,482
whereby certain funds
had been siphoned off,
695
00:41:05,482 --> 00:41:07,000
because that's what
Jeffrey Epstein
696
00:41:07,000 --> 00:41:08,172
was doing at the time.
697
00:41:08,172 --> 00:41:12,275
He was helping very rich people
698
00:41:12,275 --> 00:41:16,965
park their money offshore
to avoid tax.
699
00:41:16,965 --> 00:41:18,655
When Robert Maxwell died,
700
00:41:18,655 --> 00:41:20,931
Ghislaine was on the boat
in Tenerife,
701
00:41:20,931 --> 00:41:26,413
and I was told that she found
some papers in his bedroom
702
00:41:26,413 --> 00:41:30,206
where the name Jeffrey Epstein
came up.
703
00:41:32,000 --> 00:41:37,517
Ghislaine gave an instruction
to the crew to shred all papers
704
00:41:37,517 --> 00:41:40,862
which mentioned Jeffrey Epstein
705
00:41:40,862 --> 00:41:43,241
and her father's connection
to him.
706
00:41:43,241 --> 00:41:50,586
♪♪
707
00:41:50,586 --> 00:41:57,655
♪♪
708
00:41:57,655 --> 00:41:59,206
-Here, the Serious Fraud Office
709
00:41:59,206 --> 00:42:01,344
is investigating
the movement of funds
710
00:42:01,344 --> 00:42:03,586
out of the Maxwell pension funds
711
00:42:03,586 --> 00:42:06,482
after the death
of Robert Maxwell.
712
00:42:09,310 --> 00:42:11,448
-What do you say about reports
that some of the funds
713
00:42:11,448 --> 00:42:13,000
from the Mirror pension
went missing
714
00:42:13,000 --> 00:42:15,517
after your father's death?
-I have no comments on that.
715
00:42:19,000 --> 00:42:20,724
-Can you comment on reports
716
00:42:20,724 --> 00:42:24,379
in the paper this morning
that moneys were still leaving
717
00:42:24,379 --> 00:42:27,724
the Mirror pension fund
after your father died?
718
00:42:27,724 --> 00:42:30,482
-I can't comment on that.
Thank you, goodnight.
719
00:42:32,620 --> 00:42:36,482
-As the fraud investigation
began to focus on Kevin and Ian,
720
00:42:36,482 --> 00:42:39,137
{\an8}my concern was more
whether we were keeping up
721
00:42:39,137 --> 00:42:40,482
{\an8}fast enough
with what was happening.
722
00:42:40,482 --> 00:42:45,551
{\an8}There was a sense of
drama and momentum.
723
00:42:45,551 --> 00:42:47,689
And then Kevin and Ian
were called before
724
00:42:47,689 --> 00:42:49,172
a House of Commons
select committee
725
00:42:49,172 --> 00:42:51,068
to answer questions
on what they knew
726
00:42:51,068 --> 00:42:53,551
about the missing pension funds.
727
00:42:53,551 --> 00:43:02,000
♪♪
728
00:43:02,000 --> 00:43:06,068
-Could I begin our proceedings
in thanking both Kevin Maxwell
729
00:43:06,068 --> 00:43:08,413
and Ian Maxwell in coming?
730
00:43:08,413 --> 00:43:10,413
We begin by our witnesses
731
00:43:10,413 --> 00:43:15,310
identifying themselves
for the record.
732
00:43:15,310 --> 00:43:19,482
Kevin Maxwell,
will you introduce your table?
733
00:43:19,482 --> 00:43:23,034
-Yes, my name is Kevin Maxwell,
by profession a publisher.
734
00:43:23,034 --> 00:43:26,310
On my right
is Mr. George Carmen, QC.
735
00:43:28,724 --> 00:43:29,793
-I'm Ian Maxwell.
736
00:43:29,793 --> 00:43:33,551
On my left is my counsel,
John Jarvis.
737
00:43:33,551 --> 00:43:38,551
-Could you tell the committee
which pension trust funds
738
00:43:38,551 --> 00:43:41,586
you belong to
and at what period?
739
00:43:42,931 --> 00:43:46,137
[ Indistinct conversation ]
740
00:43:51,862 --> 00:43:53,965
-I decline to answer.
741
00:43:53,965 --> 00:43:55,482
[ Clears throat ]
742
00:43:55,482 --> 00:43:58,689
-Kevin Maxwell, could I ask you
the same question?
743
00:43:58,689 --> 00:44:02,034
-Again, the answer
will be given by my counsel.
744
00:44:02,034 --> 00:44:05,482
-Position, Mr. Chairman, is,
and I repeat it with force,
745
00:44:05,482 --> 00:44:09,310
that we shall not answer
any further questions
746
00:44:09,310 --> 00:44:11,896
touching upon the pension funds,
747
00:44:11,896 --> 00:44:16,103
and that position is made plain.
748
00:44:16,103 --> 00:44:17,482
It will not be altered
749
00:44:17,482 --> 00:44:19,689
however many questions
this committee poses
750
00:44:19,689 --> 00:44:21,620
this afternoon.
751
00:44:24,482 --> 00:44:30,310
-Kevin and Ian were the two
still left standing.
752
00:44:30,310 --> 00:44:32,724
And I'm at home.
753
00:44:32,724 --> 00:44:35,862
I lived in Chelsea,
and I got a phone call,
754
00:44:35,862 --> 00:44:39,000
and it said, "The cops are going
to go and arrest Kevin.
755
00:44:39,000 --> 00:44:40,310
You know where he lives?"
756
00:44:40,310 --> 00:44:43,448
And so I got off
at the crack of dawn
757
00:44:43,448 --> 00:44:46,689
and went straight
to Kevin's gate.
758
00:44:46,689 --> 00:44:49,689
And then the cops arrived,
plainclothes boys.
759
00:44:49,689 --> 00:44:50,965
"Morning, gentlemen."
760
00:44:50,965 --> 00:44:52,379
And they walked up the path,
761
00:44:52,379 --> 00:44:55,931
and bang, bang, bang,
bang, bang on the door.
762
00:44:55,931 --> 00:45:01,482
And Pandora, Kevin's wife,
throws open the upstairs window.
763
00:45:01,482 --> 00:45:02,620
[ Window opens ]
764
00:45:02,620 --> 00:45:05,931
-Piss off.
He don't get up for an hour.
765
00:45:05,931 --> 00:45:09,241
[ Doorbell ringing ]
766
00:45:09,241 --> 00:45:10,655
I am about to call the police.
767
00:45:10,655 --> 00:45:13,275
-We are the police.
Can you open your door?
768
00:45:13,275 --> 00:45:15,068
-[ Laughs ]
769
00:45:15,068 --> 00:45:18,379
So next thing
is Kevin's laid out,
770
00:45:18,379 --> 00:45:21,586
you know, and taken away,
arrested.
771
00:45:21,586 --> 00:45:23,862
-Hours later at Snow Hill
Police Station,
772
00:45:23,862 --> 00:45:25,758
just a few hundred yards
from the hub of
773
00:45:25,758 --> 00:45:28,103
the failed
Robert Maxwell empire,
774
00:45:28,103 --> 00:45:30,793
the men were charged.
775
00:45:30,793 --> 00:45:34,758
After trial by rumor,
a trial by innuendo,
776
00:45:34,758 --> 00:45:37,896
I am really looking forward to
being able to
777
00:45:37,896 --> 00:45:41,241
defend myself in a court of law,
778
00:45:41,241 --> 00:45:43,793
where I intend to vigourously
779
00:45:43,793 --> 00:45:48,689
and strenuously contest all
and any charges against me.
780
00:45:48,689 --> 00:45:50,137
Thank you.
781
00:45:50,137 --> 00:45:54,103
♪♪
782
00:45:54,103 --> 00:45:56,103
-Enough!
783
00:45:56,103 --> 00:45:58,275
Thank you.
784
00:45:58,275 --> 00:46:00,379
[ Camera shutters clicking ]
785
00:46:08,068 --> 00:46:10,827
[ Indistinct conversation ]
786
00:46:10,827 --> 00:46:12,965
-In the run up
to the criminal trial,
787
00:46:12,965 --> 00:46:17,379
Kevin Maxwell, like his father
before him, turns to the media.
788
00:46:17,379 --> 00:46:20,034
-30 coming on commercial paper.
789
00:46:20,034 --> 00:46:22,896
-He invites cameras
behind the scenes
790
00:46:22,896 --> 00:46:25,275
to tell his side of the story.
791
00:46:27,862 --> 00:46:31,137
-The Gallup poll was
commissioned by the defence
792
00:46:31,137 --> 00:46:32,724
to provide evidence
793
00:46:32,724 --> 00:46:37,241
of what the public thought
about the defendants.
794
00:46:41,137 --> 00:46:42,724
It was deeply shocking to think
795
00:46:42,724 --> 00:46:45,275
that there were just millions
of people out there
796
00:46:45,275 --> 00:46:48,034
who thought I was
a complete bastard.
797
00:46:48,034 --> 00:46:52,000
I don't think there's any
possibility of finding 12 people
798
00:46:52,000 --> 00:46:56,551
who won't have already made
their minds up about my father,
799
00:46:56,551 --> 00:46:59,413
who won't already have decided
that he's a crook,
800
00:46:59,413 --> 00:47:02,448
who won't be able
to come into the court
801
00:47:02,448 --> 00:47:05,379
and put all that stuff
out of their minds.
802
00:47:05,379 --> 00:47:07,965
-[ Speaks indistinctly ]
803
00:47:07,965 --> 00:47:11,344
-And warranted profitability.
804
00:47:11,344 --> 00:47:13,448
Have increased to 2 --
what is it?
805
00:47:13,448 --> 00:47:16,724
-What upsets me the most is
this notion that my father and I
806
00:47:16,724 --> 00:47:19,896
and other people would
sit around a table plotting
807
00:47:19,896 --> 00:47:21,758
to rob old-age pensioners.
808
00:47:21,758 --> 00:47:24,586
It is the most obscene idea.
809
00:47:24,586 --> 00:47:27,241
Am I guilty
of bad business judgement?
810
00:47:27,241 --> 00:47:29,344
Yes. Could we have
done things differently?
811
00:47:29,344 --> 00:47:31,137
Yes. Should we have
done things differently?
812
00:47:31,137 --> 00:47:32,931
Yes. Was it criminal?
813
00:47:32,931 --> 00:47:34,655
No.
814
00:47:39,068 --> 00:47:44,655
♪♪
815
00:47:44,655 --> 00:47:46,931
-Robert Maxwell's sons
Kevin and Ian
816
00:47:46,931 --> 00:47:48,241
have denied conspiring
817
00:47:48,241 --> 00:47:50,275
to defraud their company's
pension scheme
818
00:47:50,275 --> 00:47:52,103
at the start
of their trial in London.
819
00:47:52,103 --> 00:47:55,068
They're accused of dishonestly
using pension fund shares
820
00:47:55,068 --> 00:47:59,551
in an attempt to rescue
the indebted Maxwell Group.
821
00:47:59,551 --> 00:48:02,896
-The sheer size of the case
was enormous.
822
00:48:02,896 --> 00:48:06,758
{\an8}I mean, I remember it being
portrayed in the media
823
00:48:06,758 --> 00:48:10,758
{\an8}covering the case at the time
as the case of the century.
824
00:48:10,758 --> 00:48:12,655
{\an8}I felt completely prepared,
825
00:48:12,655 --> 00:48:17,241
and that the allegations we made
was entirely sustainable.
826
00:48:18,827 --> 00:48:21,689
-Kevin Maxwell arrived at court
to hear himself described
827
00:48:21,689 --> 00:48:24,482
by the prosecution
as the man most responsible
828
00:48:24,482 --> 00:48:27,517
for the misuse
of pension fund assets.
829
00:48:30,862 --> 00:48:34,724
-The trial was complicated.
830
00:48:34,724 --> 00:48:39,275
And I think the prosecutors
were very conscious of the fact
831
00:48:39,275 --> 00:48:41,448
there've been quite a lot
of white-collar crime trials
832
00:48:41,448 --> 00:48:43,620
that were perceived to be
very, very complicated
833
00:48:43,620 --> 00:48:47,827
and with a lot of worry about
whether juries could cope
834
00:48:47,827 --> 00:48:51,482
with the complexity
and the length of these trials.
835
00:48:51,482 --> 00:48:56,137
And so they broke it
into half a dozen pieces,
836
00:48:56,137 --> 00:48:58,655
different bits of fraud,
if you like.
837
00:48:58,655 --> 00:49:05,482
♪♪
838
00:49:05,482 --> 00:49:07,379
A lot of this was going to
turn on knowledge
839
00:49:07,379 --> 00:49:10,275
of the whole picture,
because at that point,
840
00:49:10,275 --> 00:49:13,896
almost all of
the movements of money,
841
00:49:13,896 --> 00:49:17,241
including movements of money and
shares out of the pension funds,
842
00:49:17,241 --> 00:49:20,000
those weren't illegal,
and were only illegal
843
00:49:20,000 --> 00:49:21,517
if the person doing that
844
00:49:21,517 --> 00:49:24,310
knew that the money
couldn't come back.
845
00:49:24,310 --> 00:49:28,206
And so the prosecutors
846
00:49:28,206 --> 00:49:30,344
were going to need to rely,
at some point,
847
00:49:30,344 --> 00:49:33,862
on knowledge
of the whole picture realisation
848
00:49:33,862 --> 00:49:36,379
that the money wasn't there.
849
00:49:36,379 --> 00:49:38,000
-Kevin's defence was that
he believed
850
00:49:38,000 --> 00:49:41,551
the shares were legitimately
owned by the Maxwell companies
851
00:49:41,551 --> 00:49:44,275
because his father
had told him so.
852
00:49:44,275 --> 00:49:46,551
The case continues tomorrow.
853
00:49:48,344 --> 00:49:52,000
-Kevin spent 21 days
in the witness box.
854
00:49:52,000 --> 00:49:55,206
The ordeal, the pressure of that
855
00:49:55,206 --> 00:49:59,551
is is almost impossible
to understand.
856
00:49:59,551 --> 00:50:06,448
But 21 days consecutively
of the world's focus
857
00:50:06,448 --> 00:50:11,655
on everything you say,
how you say it is a scrutiny
858
00:50:11,655 --> 00:50:14,724
that I would
not personally relish.
859
00:50:14,724 --> 00:50:17,310
-Jurors in the trial of
Kevin and Ian Maxwell
860
00:50:17,310 --> 00:50:19,000
have retired
to consider their verdicts.
861
00:50:19,000 --> 00:50:23,068
They've heard from 70 witnesses
over the past eight months.
862
00:50:23,068 --> 00:50:32,275
♪♪
863
00:50:32,275 --> 00:50:33,931
-You hate the sound
of the phone ringing
864
00:50:33,931 --> 00:50:35,862
because that's the only --
that's the message
865
00:50:35,862 --> 00:50:38,344
to summon you back to court.
866
00:50:38,344 --> 00:50:41,379
To every call, I think,
"Is that the one?"
867
00:50:43,586 --> 00:50:45,137
It's very nerve-racking.
You don't know
868
00:50:45,137 --> 00:50:47,206
if you're being convicted
and going to prison
869
00:50:47,206 --> 00:50:49,310
or going home.
870
00:50:53,517 --> 00:50:58,517
-The jury were out, I think,
for 11 days.
871
00:50:58,517 --> 00:51:04,103
And it's a long,
concerning wait.
872
00:51:04,103 --> 00:51:12,517
♪♪
873
00:51:12,517 --> 00:51:15,931
I got a phone call
from the law clerk.
874
00:51:15,931 --> 00:51:17,793
The jury had reached verdicts.
875
00:51:17,793 --> 00:51:28,827
♪♪
876
00:51:28,827 --> 00:51:39,931
♪♪
877
00:51:41,034 --> 00:51:47,482
-I am very pleased and relieved
by my acquittal.
878
00:51:47,482 --> 00:51:54,068
I gave evidence in this trial
over a period of 21 days.
879
00:51:54,068 --> 00:51:56,206
In his summing up,
880
00:51:56,206 --> 00:51:59,275
the judge said
he thought no jury
881
00:51:59,275 --> 00:52:01,724
had had a better opportunity
882
00:52:01,724 --> 00:52:07,137
of assessing the honesty
of a witness than in my case.
883
00:52:07,137 --> 00:52:10,275
-Kevin and Ian had
a horrendous legacy.
884
00:52:10,275 --> 00:52:13,206
Their father always vowed
that he would give them nothing.
885
00:52:13,206 --> 00:52:14,931
No doubt they wish
their inheritance
886
00:52:14,931 --> 00:52:16,689
had been that benign.
887
00:52:20,103 --> 00:52:24,413
-I think any father-son
relationship is a complex one,
888
00:52:24,413 --> 00:52:30,000
and I haven't worked it out yet.
889
00:52:30,000 --> 00:52:36,137
I still think of him with
an immense amount of fondness,
890
00:52:36,137 --> 00:52:37,965
irrespective of the problems
and irrespective
891
00:52:37,965 --> 00:52:40,689
of the aftermath of the crash.
892
00:52:43,448 --> 00:52:48,758
I find it very difficult
to blame him for it.
893
00:52:48,758 --> 00:52:57,034
♪♪
894
00:52:57,034 --> 00:53:05,310
♪♪
895
00:53:05,310 --> 00:53:07,724
-I remember I was
at an art opening,
896
00:53:07,724 --> 00:53:13,482
and I ran into Ghislaine,
and she seemed very kind of...
897
00:53:17,137 --> 00:53:20,310
...not stressed out exactly,
but in a sort of
898
00:53:20,310 --> 00:53:24,862
froth of excitement and purpose.
899
00:53:24,862 --> 00:53:27,310
And she's...
900
00:53:27,310 --> 00:53:29,103
"I'm going to introduce you
to Jeffrey,"
901
00:53:29,103 --> 00:53:30,827
as if, you know, "Watch out.
902
00:53:30,827 --> 00:53:33,965
You're about to meet the
president of the United States."
903
00:53:33,965 --> 00:53:38,172
So she introduced me to him.
904
00:53:38,172 --> 00:53:41,655
What I noticed was a sort
of a permanent smirk,
905
00:53:41,655 --> 00:53:44,344
as if he had access
to information
906
00:53:44,344 --> 00:53:46,241
and funds and intelligence
907
00:53:46,241 --> 00:53:49,000
that you could not
possibly fathom.
908
00:53:49,000 --> 00:53:53,862
♪♪
909
00:53:53,862 --> 00:54:00,310
And the next time I met him
was a deeply weird situation.
910
00:54:00,310 --> 00:54:04,275
Ghislaine hired me
to write a song
911
00:54:04,275 --> 00:54:07,551
and perform it for
Jeffrey Epstein's 40th birthday.
912
00:54:07,551 --> 00:54:09,206
But Ghislaine
was very insistent
913
00:54:09,206 --> 00:54:12,862
I could tell no one
about this assignment.
914
00:54:12,862 --> 00:54:14,206
I could only talk to her.
915
00:54:14,206 --> 00:54:17,931
She would provide me
with the information.
916
00:54:17,931 --> 00:54:19,724
But it had to have these lines.
917
00:54:19,724 --> 00:54:22,517
It had to --
One of them had to be that
918
00:54:22,517 --> 00:54:26,310
Ghislaine claims
he has 24-hour erections.
919
00:54:26,310 --> 00:54:27,931
One of the verses
had to be something about
920
00:54:27,931 --> 00:54:31,724
when he was a schoolteacher
at Dalton School,
921
00:54:31,724 --> 00:54:35,551
he was the subject
of many schoolgirl crushes,
922
00:54:35,551 --> 00:54:42,379
and she seemed to know that that
would amuse him tremendously
923
00:54:42,379 --> 00:54:46,310
and that it would also
resonate with his friends
924
00:54:46,310 --> 00:54:48,551
who would be there
for this party.
925
00:54:48,551 --> 00:54:56,172
♪♪
926
00:54:56,172 --> 00:54:58,620
So I arrived at this house,
927
00:54:58,620 --> 00:55:02,551
this giant house,
that seemed deeply mysterious.
928
00:55:05,931 --> 00:55:07,896
I was ushered into the kitchen.
929
00:55:07,896 --> 00:55:12,482
I think there was six guys
wearing black tie.
930
00:55:12,482 --> 00:55:14,689
And it was just a power group
931
00:55:14,689 --> 00:55:19,827
who were Epstein's
closest associates.
932
00:55:19,827 --> 00:55:23,620
And it was after dinner
and they were smoking cigars
933
00:55:23,620 --> 00:55:26,551
and drinking brandy.
934
00:55:26,551 --> 00:55:30,655
And I had to do
this sort of roast of Epstein.
935
00:55:30,655 --> 00:55:33,827
♪♪
936
00:56:14,620 --> 00:56:18,000
♪♪
937
00:56:18,000 --> 00:56:20,482
Everyone sort of
roared with laughter
938
00:56:20,482 --> 00:56:23,655
because they seemed
to know him extremely well.
939
00:56:23,655 --> 00:56:28,310
But there was a strange rumour
going around the room.
940
00:56:28,310 --> 00:56:30,655
He likes younger women,
941
00:56:30,655 --> 00:56:37,827
and Ghislaine introduces him
to younger women.
942
00:56:37,827 --> 00:56:41,068
It seemed, I mean,
943
00:56:41,068 --> 00:56:43,965
profoundly weird.
944
00:56:43,965 --> 00:56:48,206
At the time, I have to say that
it just seemed deeply weird,
945
00:56:48,206 --> 00:56:51,068
but not -- it didn't seem
sinister at the time.
946
00:56:51,068 --> 00:56:54,275
I guess we were being
very naive, extremely naive,
947
00:56:54,275 --> 00:56:58,172
and in retrospect,
horrifyingly naive.
948
00:56:58,172 --> 00:57:04,793
♪♪
949
00:57:04,793 --> 00:57:11,482
♪♪
950
00:57:43,448 --> 00:57:51,517
♪♪
951
00:57:51,517 --> 00:57:54,586
-Ghislaine Maxwell has been
arrested by the FBI,
952
00:57:54,586 --> 00:57:58,448
charged with grooming girls
as young as 14.
953
00:57:58,448 --> 00:58:00,862
-The scale of
the sex trafficking operation
954
00:58:00,862 --> 00:58:02,586
is astronomical.
955
00:58:02,586 --> 00:58:04,827
-It was just like a factory.
956
00:58:04,827 --> 00:58:07,137
He was running a machine,
and she was the one
957
00:58:07,137 --> 00:58:09,517
operating it.
958
00:58:09,517 --> 00:58:12,965
-This is the trial
of the century.
959
00:58:12,965 --> 00:58:14,931
-Our sister is presumed innocent
960
00:58:14,931 --> 00:58:17,620
until a verdict comes in.
961
00:58:17,620 --> 00:58:19,172
-We're not gonna answer
any questions.
962
00:58:19,172 --> 00:58:21,965
-Ghislaine knew what was
going to happen to me.
963
00:58:21,965 --> 00:58:24,586
The world shifted
for me that day.
964
00:58:24,586 --> 00:58:27,275
-What do you know,
Ghislaine Maxwell?
965
00:58:27,275 --> 00:58:29,000
What do you know?
966
00:58:29,000 --> 00:58:38,241
♪♪
967
00:58:38,241 --> 00:58:47,655
♪♪
968
00:58:47,655 --> 00:58:57,068
♪♪
114472
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