1
00:00:00,724 --> 00:00:04,344
♪♪

2
00:00:05,413 --> 00:00:13,931
♪♪

3
00:00:13,931 --> 00:00:15,862
-Now, the contents of
Robert Maxwell's home

4
00:00:15,862 --> 00:00:18,344
near Oxford were auctioned today
at Sotheby's.

5
00:00:18,344 --> 00:00:20,827
Everything from furniture
to family photographs

6
00:00:20,827 --> 00:00:22,620
came under the hammer.

7
00:00:22,620 --> 00:00:24,689
One bidder paid nearly £1,000

8
00:00:24,689 --> 00:00:28,586
<font face="Microsoft Sans Serif">for the nameplate that sat
on Mr. Maxwell's desk.

9
00:00:28,586 --> 00:00:30,862
-The entire contents
of Headington Hill Hall,

10
00:00:30,862 --> 00:00:33,310
Mr. Maxwell's country
home near Oxford,

11
00:00:33,310 --> 00:00:35,551
were today knocked down
to the public.

12
00:00:35,551 --> 00:00:38,103
-£800. Yours, sir, thank you.

13
00:00:38,103 --> 00:00:40,517
-600 lots took
the whole day to sell,</font>

14
00:00:40,517 --> 00:00:42,793
including everything
from barbecue forks

15
00:00:42,793 --> 00:00:44,344
to antique paintings.

16
00:00:44,344 --> 00:00:45,793
This one, a view of Jerusalem

17
00:00:45,793 --> 00:00:50,172
from where Maxwell is buried,
went for £54,000.

18
00:00:50,172 --> 00:00:52,517
-The place was
absolutely packed.

19
00:00:52,517 --> 00:00:54,344
There were no seats available.

20
00:00:54,344 --> 00:00:56,689
<font face="Microsoft Sans Serif">People were standing
around the back.

21
00:00:56,689 --> 00:01:00,517
Basically, they all wanted
the Maxwell memorabilia.

22
00:01:00,517 --> 00:01:02,206
You know, he's a notorious man,

23
00:01:02,206 --> 00:01:05,482
and by then,
everyone knew what had happened.

24
00:01:05,482 --> 00:01:08,310
And then I came
across this lamp.

25
00:01:09,827 --> 00:01:15,206
But what happened, of course,
when I lifted that,</font>

26
00:01:15,206 --> 00:01:17,689
I saw that,

27
00:01:17,689 --> 00:01:22,344
and realised that they
were two microphones.

28
00:01:22,344 --> 00:01:25,068
He was recording everything
that was said about him.

29
00:01:25,068 --> 00:01:27,586
♪♪

30
00:01:27,586 --> 00:01:30,758
[ Static, phone line beeping ]

31
00:01:57,172 --> 00:02:06,931
♪♪

32
00:02:06,931 --> 00:02:10,448
-This was actually
in his own family home.</font>

33
00:02:10,448 --> 00:02:13,862
So he wanted to know exactly
what his sons thought of him,

34
00:02:13,862 --> 00:02:16,137
his wife thought of him.

35
00:02:16,137 --> 00:02:19,172
And it tells you
the true story of the man.

36
00:02:19,172 --> 00:02:28,241
♪♪

37
00:02:31,655 --> 00:02:40,068
♪♪

38
00:02:40,068 --> 00:02:48,586
♪♪

39
00:02:48,586 --> 00:02:56,862
♪♪

40
00:02:56,862 --> 00:02:59,862
{\an8}<font face="Microsoft Sans Serif">-The sons of the newspaper
tycoon Robert Maxwell

41
00:02:59,862 --> 00:03:03,655
{\an8}confirmed just an hour ago
that their father is dead.

42
00:03:03,655 --> 00:03:08,827
{\an8}-It's a particularly sad moment

43
00:03:08,827 --> 00:03:13,172
because this paper
has lost its publisher

44
00:03:13,172 --> 00:03:16,862
and its chairman and its
saviour.

45
00:03:16,862 --> 00:03:20,344
<font face="Microsoft Sans Serif">-Love him or hate him,</font>

46
00:03:20,344 --> 00:03:22,655
he touched the lives of many
thousands of people,

47
00:03:22,655 --> 00:03:24,655
many millions of people.

48
00:03:24,655 --> 00:03:29,241
And we are determined
to continue in his tradition.

49
00:03:29,241 --> 00:03:31,448
-After disappearing
off his yacht,

50
00:03:31,448 --> 00:03:34,344
the Lady Ghislaine,
Robert Maxwell's body

51
00:03:34,344 --> 00:03:38,379
<font face="Microsoft Sans Serif">is recovered from the sea
off the coast of Tenerife.

52
00:03:40,379 --> 00:03:44,344
His family and inner circle
gather on the island.

53
00:03:47,862 --> 00:03:51,448
-I was in Tenerife
to help the family,

54
00:03:51,448 --> 00:03:56,241
and a couple of journalists
appeared on that cay side.

55
00:03:56,241 --> 00:04:00,068
And then Ghislaine Maxwell
comes up.

56
00:04:00,068 --> 00:04:02,758
<font face="Microsoft Sans Serif">She's wearing a tartan suit</font>

57
00:04:02,758 --> 00:04:06,137
with a long-ish jacket
and a short skirt,

58
00:04:06,137 --> 00:04:10,103
and she is really distressed.

59
00:04:10,103 --> 00:04:15,448
She looks very young
and very vulnerable.

60
00:04:15,448 --> 00:04:22,241
♪♪

61
00:04:22,241 --> 00:04:25,448
Then her mum comes through
and says,

62
00:04:25,448 --> 00:04:28,172
"What are you going to do
about the press out there?"</font>

63
00:04:28,172 --> 00:04:31,275
I said, "Well, Mrs. Maxwell,

64
00:04:31,275 --> 00:04:32,827
I don't know how you feel
about it,

65
00:04:32,827 --> 00:04:39,413
but it would make things easier
if you spoke to them."

66
00:04:39,413 --> 00:04:42,206
♪♪

67
00:04:42,206 --> 00:04:44,827
[ Siren wailing in distance ]

68
00:04:46,655 --> 00:04:51,068
And she said, "I think Ghislaine
should do that."

69
00:04:51,068 --> 00:04:55,103
<font face="Microsoft Sans Serif">So Ghislaine comes through,
and she's in tears.

70
00:04:55,103 --> 00:04:57,965
She's weak and heartbreaking.

71
00:04:57,965 --> 00:05:02,793
Nothing bad had ever happened
to her in her life before.

72
00:05:02,793 --> 00:05:06,586
Betty puts to her that she
should speak to the press.

73
00:05:06,586 --> 00:05:11,551
And she just sits there
very quietly

74
00:05:11,551 --> 00:05:14,344
and she said, you know,
"What will I say?"</font>

75
00:05:14,344 --> 00:05:17,241
And it was,
"We can get something done.

76
00:05:17,241 --> 00:05:19,103
We can write you a short speech,

77
00:05:19,103 --> 00:05:21,724
we can rehearse you,"
and we did

78
00:05:21,724 --> 00:05:25,689
and we made amendments
and so on, and...

79
00:05:27,793 --> 00:05:32,103
...she burst into tears almost
every time she spoke through it.

80
00:05:32,103 --> 00:05:35,275
<font face="Microsoft Sans Serif">And terrible tears.</font>

81
00:05:35,275 --> 00:05:38,137
Eventually,
after going washing her face

82
00:05:38,137 --> 00:05:42,137
and getting herself tidied up,
she said, "I'll do it now."

83
00:05:42,137 --> 00:05:44,551
[ Camera shutters clicking ]

84
00:05:44,551 --> 00:05:49,379
-I want to take this opportunity

85
00:05:49,379 --> 00:05:55,413
to thank
all the many hundreds of people

86
00:05:55,413 --> 00:06:01,310
<font face="Microsoft Sans Serif">who have sent messages
of support to us

87
00:06:01,310 --> 00:06:04,413
at this very, very sad time.

88
00:06:06,896 --> 00:06:11,379
I want also to thank the press

89
00:06:11,379 --> 00:06:17,827
for their courtesy
and consideration

90
00:06:17,827 --> 00:06:22,206
to my mother and to us

91
00:06:22,206 --> 00:06:24,000
at this time,

92
00:06:24,000 --> 00:06:26,586
<font face="Microsoft Sans Serif">which we appreciate very much.</font>

93
00:06:27,620 --> 00:06:32,172
Gracias a todos,
and thank you all very much.

94
00:06:32,172 --> 00:06:39,448
♪♪

95
00:06:39,448 --> 00:06:46,448
♪♪

96
00:06:46,448 --> 00:06:49,413
-It was a cold, windy day
on the Mount of Olives.

97
00:06:49,413 --> 00:06:52,862
Robert Maxwell was buried here
according to his wish.

98
00:06:52,862 --> 00:06:56,724
<font face="Microsoft Sans Serif">Tears from Mr. Maxwell's sons,
his wife, and his daughters.

99
00:06:56,724 --> 00:06:59,517
From Mr. Maxwell's
eldest son, Philip,

100
00:06:59,517 --> 00:07:01,000
a moving tribute.

101
00:07:01,000 --> 00:07:05,931
-Dear Dad...

102
00:07:05,931 --> 00:07:07,689
soldier...

103
00:07:09,275 --> 00:07:13,862
...publisher and patriot,

104
00:07:13,862 --> 00:07:17,448
warrior and globetrotter,

105
00:07:17,448 --> 00:07:21,620
<font face="Microsoft Sans Serif">father of nine children
and grandfather of eight,

106
00:07:21,620 --> 00:07:23,379
we salute you.

107
00:07:27,620 --> 00:07:31,482
-After an autopsy, Maxwell's
body is buried quickly,

108
00:07:31,482 --> 00:07:33,965
in line with Jewish tradition.

109
00:07:33,965 --> 00:07:35,827
[ Telephone rings ]

110
00:07:45,000 --> 00:07:47,586
-Across his global media empire,

111
00:07:47,586 --> 00:07:52,310
<font face="Microsoft Sans Serif">fear and confusion is spreading
through his senior executives.

112
00:08:01,551 --> 00:08:03,862
-And it's being
secretly recorded

113
00:08:03,862 --> 00:08:06,379
on his elaborate bugging system.

114
00:08:11,413 --> 00:08:15,310
-These calls have been re-voiced
to protect identities.

115
00:08:23,827 --> 00:08:31,379
♪♪

116
00:08:31,379 --> 00:08:33,896
-Do you think it's unlikely,

117
00:08:33,896 --> 00:08:37,448
<font face="Microsoft Sans Serif">inconceivable that Mr. Maxwell
could have committed suicide?

118
00:08:37,448 --> 00:08:41,206
-I cannot imagine any situation
that would cause Bob Maxwell

119
00:08:41,206 --> 00:08:43,241
to take his own life.

120
00:08:44,758 --> 00:08:48,241
-The thing he most hated was
being bored and left alone.

121
00:08:48,241 --> 00:08:51,758
So the notion of going on
the boat on his own

122
00:08:51,758 --> 00:08:54,310
<font face="Microsoft Sans Serif">seemed to me so alien,
I thought, "Hmm,

123
00:08:54,310 --> 00:08:57,000
I think he probably did go
with the intention

124
00:08:57,000 --> 00:08:59,137
of killing himself."

125
00:08:59,137 --> 00:09:07,517
♪♪

126
00:09:07,517 --> 00:09:09,000
-We hear now that
he probably died of

127
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
<font face="Microsoft Sans Serif">But nonetheless,
the question remains,

129
00:09:12,655 --> 00:09:14,758
how did you fall off the boat?
-You can inject someone

130
00:09:14,758 --> 00:09:17,413
to pretend or make it look like
someone's had a heart attack.

131
00:09:17,413 --> 00:09:19,586
And there's going to be
a lot of speculation about that.

132
00:09:19,586 --> 00:09:25,689
♪♪

133
00:09:25,689 --> 00:09:28,068
-Will he ask
the Prime Minister,</font>

134
00:09:28,068 --> 00:09:31,275
as head of the Security
and Intelligence Services,

135
00:09:31,275 --> 00:09:35,620
to order an immediate enquiry
into the alleged relationship

136
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
00:09:41,931 --> 00:09:44,620
but, you know,
it could have easily been anyone</font>

139
00:09:44,620 --> 00:09:47,689
that he had defaulted
on payment on

140
00:09:47,689 --> 00:09:52,275
or maybe was even putting
pressure on to give him money.

141
00:09:52,275 --> 00:09:54,517
It could have been anyone.

142
00:09:54,517 --> 00:09:56,758
♪♪

143
00:09:56,758 --> 00:09:58,724
[ Telephone rings ]

144
00:10:05,931 --> 00:10:07,068
-But as the outside world

145
00:10:07,068 --> 00:10:09,620
<font face="Microsoft Sans Serif">speculates about
Maxwell's death,

146
00:10:09,620 --> 00:10:13,172
inside his empire,
there's another mystery.

147
00:10:15,931 --> 00:10:17,517
-Huge problems have been
discovered

148
00:10:17,517 --> 00:10:20,586
with the company's finances.

149
00:10:31,275 --> 00:10:36,275
-The whole empire
could be facing collapse.

150
00:10:41,758 --> 00:10:45,931
And one young reporter
is about to break the story.

151
00:10:45,931 --> 00:10:48,689
<font face="Microsoft Sans Serif">-I'm joined by Bronwen Maddox,
who's a former media analyst

152
00:10:48,689 --> 00:10:51,275
and is now a journalist
on the Financial Times.

153
00:10:51,275 --> 00:10:53,275
How much do we really know

154
00:10:53,275 --> 00:10:57,758
about the state
of the Maxwell financial empire?

155
00:10:57,758 --> 00:10:59,862
-I'd always wanted to be
a journalist.

156
00:10:59,862 --> 00:11:02,103
<font face="Microsoft Sans Serif">I got sidetracked into the city</font>

157
00:11:02,103 --> 00:11:05,413
because it was
a very lively thing to do

158
00:11:05,413 --> 00:11:07,517
when I was leaving university,

159
00:11:07,517 --> 00:11:08,965
and it came with a lot
of adventures,

160
00:11:08,965 --> 00:11:11,275
actually, more than I would have
got in journalism,

161
00:11:11,275 --> 00:11:13,448
I think, starting out.

162
00:11:15,310 --> 00:11:18,137
<font face="Microsoft Sans Serif">I was working for a bank,
an investment house,

163
00:11:18,137 --> 00:11:22,655
writing reports for investors
about media companies.

164
00:11:22,655 --> 00:11:25,620
And I had enjoyed
going to company chairmen

165
00:11:25,620 --> 00:11:28,310
or chief executives
and challenging

166
00:11:28,310 --> 00:11:29,620
what they were saying.

167
00:11:29,620 --> 00:11:31,758
BSB, I think, was an
inappropriate investment</font>

168
00:11:31,758 --> 00:11:32,896
for bond.

169
00:11:32,896 --> 00:11:34,103
The Guardianneeds a re-launch.

170
00:11:34,103 --> 00:11:36,068
It's lost about 13% of
its readers.

171
00:11:36,068 --> 00:11:38,551
The mess they're in
is trying to reduce salaries

172
00:11:38,551 --> 00:11:40,379
and manning levels very quickly,

173
00:11:40,379 --> 00:11:42,724
and the blame does lie
with the management.

174
00:11:44,448 --> 00:11:46,793
<font face="Microsoft Sans Serif">I'd been following
Robert Maxwell and his companies

175
00:11:46,793 --> 00:11:50,103
as part of that job, and indeed,
travelling round to see them

176
00:11:50,103 --> 00:11:53,689
and talking to Robert Maxwell.

177
00:11:53,689 --> 00:11:56,517
I actually saw him when he had
the annual results.

178
00:11:56,517 --> 00:11:59,068
He was full of apparent
confidence.

179
00:11:59,068 --> 00:12:02,551
<font face="Microsoft Sans Serif">Remember noticing his tie,
which had a giant green

180
00:12:02,551 --> 00:12:04,793
soup stain on it,
and I was looking at it.

181
00:12:04,793 --> 00:12:07,000
I'm afraid it was about
my height, as I'm smaller.

182
00:12:07,000 --> 00:12:08,931
Maxwell was bigger.

183
00:12:08,931 --> 00:12:12,034
I was wondering,
"Has no one dared to tell him?"

184
00:12:12,034 --> 00:12:17,965
♪♪

185
00:12:17,965 --> 00:12:20,758
<font face="Microsoft Sans Serif">I was 28 when I started
at the Financial Times

186
00:12:20,758 --> 00:12:23,896
in August of the year
that Maxwell died, 1991,

187
00:12:23,896 --> 00:12:28,206
and immediately began looking
into Maxwell as a journalist

188
00:12:28,206 --> 00:12:30,482
because the signs that
something was going wrong

189
00:12:30,482 --> 00:12:32,896
had begun pitching up
in the public domain.

190
00:12:32,896 --> 00:12:36,310
<font face="Microsoft Sans Serif">And specifically, there were
signs that he had mortgaged

191
00:12:36,310 --> 00:12:38,620
a lot of things
in his companies.

192
00:12:38,620 --> 00:12:40,965
I knew that if he was
mortgaging that many things,

193
00:12:40,965 --> 00:12:44,655
it was trying to raise money.
So it was out of confidence

194
00:12:44,655 --> 00:12:47,241
of being a financial analyst
in the city,

195
00:12:47,241 --> 00:12:49,448
<font face="Microsoft Sans Serif">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
00:12:52,448 --> 00:12:54,724
and the numbers
are often public.

198
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</font>

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
<font face="Microsoft Sans Serif">"Look, just get everything."</font>

207
00:13:18,551 --> 00:13:23,689
♪♪

208
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

210
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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">These were all over the place.</font>

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,</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">and then adding up the debt.</font>

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.</font>

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
<font face="Microsoft Sans Serif">And I was ready to go public.</font>

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
<font face="Microsoft Sans Serif">that we think he has nearly</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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</font>

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
<font face="Microsoft Sans Serif">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,</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">♪♪</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">who you are in New York.</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">I don't feel diminished at all.</font>

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</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">-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,</font>

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
<font face="Microsoft Sans Serif">The thing that marked Ghislaine</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">-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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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</font>

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
<font face="Microsoft Sans Serif">-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</font>

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</font>

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
<font face="Microsoft Sans Serif">-Now...</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">-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
<font face="Microsoft Sans Serif">-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</font>

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.</font>

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
<font face="Microsoft Sans Serif">that the money would come back.</font>

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
<font face="Microsoft Sans Serif">Isn't that good? Whoa!</font>

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
<font face="Microsoft Sans Serif">for the last year of his life,</font>

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
<font face="Microsoft Sans Serif">were struggling to stop him.</font>

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}<font face="Microsoft Sans Serif">There was no way if, you know,</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">♪♪</font>

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
<font face="Microsoft Sans Serif">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.</font>

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.</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">Highly stressful.</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">"What's happening to this money?</font>

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}<font face="Microsoft Sans Serif">-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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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}<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">he disappeared.</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">-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</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">and he would not take anyone</font>

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
<font face="Microsoft Sans Serif">Jeffery represented</font>

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.</font>

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}<font face="Microsoft Sans Serif">of Ghislaine,</font>

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
<font face="Microsoft Sans Serif">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.</font>

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
<font face="Microsoft Sans Serif">and Robert Maxwell</font>

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
<font face="Microsoft Sans Serif">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</font>

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
<font face="Microsoft Sans Serif">out of the Maxwell pension funds</font>

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
<font face="Microsoft Sans Serif">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}<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">♪♪</font>

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
<font face="Microsoft Sans Serif">-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?</font>

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,</font>

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
<font face="Microsoft Sans Serif">-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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">[ Window opens ]</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">Thank you.</font>

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
<font face="Microsoft Sans Serif">-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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">Yes. Was it criminal?</font>

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
<font face="Microsoft Sans Serif">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}<font face="Microsoft Sans Serif">I felt completely prepared,</font>

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
<font face="Microsoft Sans Serif">-The trial was complicated.</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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.</font>

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</font>

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</font>

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
<font face="Microsoft Sans Serif">or going home.</font>

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
<font face="Microsoft Sans Serif">♪♪</font>

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
<font face="Microsoft Sans Serif">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,</font>

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
<font face="Microsoft Sans Serif">♪♪</font>

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
<font face="Microsoft Sans Serif">"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
<font face="Microsoft Sans Serif">and funds and intelligence</font>

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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">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
<font face="Microsoft Sans Serif">♪♪</font>

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.</font>

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.</font>

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
<font face="Microsoft Sans Serif">-It was just like a factory.</font>

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.</font>

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
♪♪


