[GRADE A1/A2 — FBI investigative summaries, UBS transfer authorizations, AT&T subscriber records, property records]
The mining operation recovered the complete financial pipeline from Maxwell's UBS accounts to real property held by Scott Borgerson through intermediary trusts and LLCs.
Step 1 — Maxwell UBS → Angara Trust ($14.2M): Maxwell's signed letter (EFTA01279452, EFTA00022364, Nov 23, 2016) to UBS Private Wealth Management (Scott Stackman, Lyle Casriel): "Please use this letter as authorization to transfer $14,200,000 (PSDYX and cash) from account... titled Ghislaine Maxwell to account... titled Angara Trust." The letter also authorized transfer of "Entire Account Balance (Cash & Securities)" from three additional Maxwell accounts to Angara Trust.
Step 2 — Angara Trust → Borgerson: FBI summary (EFTA00037706, Jul 2, 2020): NYO informed that "a significant amount of money (I believe approximately 20 million dollars) was sent from an account known to be associated with GHISLAINE to an entity called 'ANGARA', potentially ANGARA TRUST." The summary noted Angara LLC associated with "ADAM GHANDER" at a Boston address.
Step 3 — Tidewood LLC → Manchester property: Quitclaim deed (source file records): B. Devereux Barker III & Jilda B. Barker sold 301 Summer Street, Manchester-by-the-Sea, MA to Tidewood LLC for $2,450,000 on June 30, 2016. UBS paid $500,000 to Tidewood LLC on July 27, 2016 (EFTA00238275) — the UBS email chain shows Maxwell's agent discussing Tidewood as a "money market savings" account.
Step 4 — Borgerson as Tidewood manager: Mortgage documents (source file): Scott Borgerson signed as Tidewood LLC Manager on a Haddon, Morgan & Foreman mortgage ($881,823.85, Jan 6, 2023). The mortgage references an unrecorded "Assignment of Right to Payment" dated September 4, 2022.
Step 5 — Securitization chain: Saxon Spencer Capital ($2.15M mortgage, Jan 2022) → assigned to Velocity Commercial Capital (Sep 2023) → assigned to U.S. Bank Trust (Bravo Residential Funding Trust 2022-NQM3, Oct 2023). The HMF mortgage was discharged July 2023.
Borgerson-Maxwell relationship evidence:
Borgerson graph profile: Neo4j contains 6 Person node variants for Borgerson, 30 MENTIONED_IN relationships to Documents and Events, and CO_APPEARED_WITH links to financial account identifiers.
WHAT THIS SHOWS AND DOES NOT SHOW: The complete pipeline is documented: Maxwell UBS accounts → $14.2M Angara Trust transfer → ~$20M to entities associated with Borgerson → Tidewood LLC property acquisition → Borgerson as LLC manager. AT&T records confirm Maxwell used Borgerson's phone account as "G MAX." This establishes how trafficking-era financial assets were channeled into property held through intermediary entities. The "Assignment of Right to Payment" (Sep 4, 2022) referenced in the HMF mortgage was never recorded in public land records or UCC filings — it is a private, unrecorded collateral document.