Kevin Francis Herbert Maxwell (born 1959) is a British businessman. In the 1990s, Maxwell was acquitted of charges relating to financial crimes connected with the business practices of his father, publishing tycoon Robert Maxwell.[1] Formerly disqualified from being a company director, he has been declared bankrupt twice.
Kevin Maxwell | |
|---|---|
| Born | 20 February 1959 Maisons-Laffitte, France |
| Nationality | British |
| Education | Oxford University |
| Occupation | Businessman |
| Spouse |
Pandora Warnford-Davis
(m. 1984; div. 2007) |
| Children | 7 |
| Parent(s) | Robert Maxwell Elisabeth Maxwell |
| Relatives | Ian Maxwell (brother) Christine Maxwell (sister) Isabel Maxwell (sister) Ghislaine Maxwell (sister) |
Early life
editKevin Maxwell (born 1959) is the eighth child of Elisabeth (née Meynard), a French-born Holocaust scholar, and Robert Maxwell, a Czechoslovak-born British publishing tycoon. His father was Jewish and his mother was a French Protestant of Huguenot descent.[2] Kevin is one of nine siblings (two of whom died in childhood). These include his older siblings Christine Maxwell, Isabel Maxwell, and Ian Maxwell along with his younger sister Ghislaine Maxwell.[3] The family resided at Headington Hill Hall from 1960, where the offices of Robert Maxwell’s Pergamon Press were also located.
Maxwell was educated at Marlborough College and Oxford University.[3]
Career
editMaxwell, along with his brother Ian, joined the family publishing business. He spent most of his working life before 1991 employed by his father, including a spell as chairman of Oxford United F.C.[4] Robert Maxwell was known for his domineering disposition and this included behaviour towards his children. Editor Mike Molloy, who had worked for Robert Maxwell at the Daily Mirror and The European, described a conversation he had with Kevin on a flight to Moscow, where Kevin detailed his discontent in working too much with no time left for seeing his family.[5]
Maxwell was serving as Chairman of Maxwell Communications Corporation and at Macmillan Inc. at the time of his father's death in 1991.[3] Robert Maxwell was found floating in the sea near the Canary Islands in proximity to his yacht Lady Ghislaine in November 1991. After his father died, it quickly emerged that there were severe financial troubles with the Maxwell empire that Kevin and Ian Maxwell were connected to, in particular with the pension funds for thousands of Mirror Group employees. Following his father’s death, and the collapse of the Mirror Group media empire, Kevin Maxwell became the biggest personal bankrupt in UK history with debts of £406.5 million in 1992.[6] He was later tried and, in 1996, was acquitted of fraud charges arising from his role in his father's companies.[7]
British courts determined that Coopers & Lybrand made gross errors during their 1990s audit of the Maxwell group of companies and fined Coopers & Lybrand a record 3.3 million pounds.[8]
The bankruptcy was lifted three years later, and he co-founded media company Telemonde,[9] which later failed. He entered into a further arrangement over debts he accrued subsequently. After his discharge from bankruptcy in 2005, Maxwell went into the property industry where he has been involved in establishing large property deals, including the sale of Earls Court Exhibition Centre and Olympia, and the purchase of Stables Market in Camden Town.[10]
On 8 July 2011, as a result of an Insolvency Service investigation into the collapse of Syncro, a Manchester-based construction company, Maxwell was disqualified from being a company director for eight years.[11][12]
In September 2018 Maxwell announced that he and his brother Ian had founded a UK think tank called Combating Jihadist Terrorism (CoJit) with the aim of better understanding terrorism and its causes.[13][1]
Personal life
editMaxwell met Pandora Warnford-Davis while both were attending Oxford.[14] They married in 1984 and have seven children together.[14] The family lived in the Elizabethan Moulsford Manor, near Didcot in Oxfordshire in 2005.[15] The couple separated in 2007,[16] and later divorced.[17]
See also
edit- William Stern, Britain's biggest bankrupt before Maxwell
References
edit- ^ a b Rogers, Taylor Nicole (6 July 2020). "A death in the Atlantic, a media empire that once had $4 billion in debt, and a yacht named Lady Ghislaine: Take a look at Ghislaine Maxwell's family history". Business Insider. Retrieved 14 July 2020.
- ^ Witchel, Alex (15 February 1995). "At Lunch With: Elisabeth Maxwell; Questions Without Answers". New York Times. Retrieved 12 September 2013.
- ^ a b c "Kevin and Ian Maxwell". BBC News Online. BBC. 29 March 2001.
- ^ "My own goal: Mark Lawrenson". Independent. 15 January 1995. Retrieved 13 September 2013.
- ^ Molloy, Mike (2016). The Happy Hack – A Memoir of Fleet Street in its Heyday. Kings Road Publishing. ISBN 9781786060518.
- ^ Slicker (21 August 2009). "In the City". Private Eye. Pressdram Ltd. p. 31.
- ^ "Q&A: What does the Maxwell report mean?". BBC News Online. BBC. 30 March 2001.
- ^ "Геращенко добился своего: Проверять ЦБ будет Coopers & Lybrand" [Gerashchenko got his way: Coopers & Lybrand will check the Central Bank]. "Коммерсантъ" (in Russian). 6 February 1999. Retrieved 16 July 2021.
- ^ Woolcock, Nicola (25 June 2001). "The family's changing fortunes". Daily Telegraph. Retrieved 12 September 2013.
- ^ Chesters, Laura (29 August 2008). "The Fixer". Property Week. pp. 22–24.
- ^ Spence, Alex (9 July 2011). "Kevin Maxwell disqualified as a director for eight years". The Times. p. 49.
- ^ "Syncro Limited: three directors disqualified for total of 20 years". Insolvency Service. 1 July 2011. Retrieved 12 September 2013.
- ^ Davies, Caroline (9 September 2018). "Robert Maxwell was to meet Bank official the day he died, say sons". The Guardian. Retrieved 21 July 2019.
- ^ a b Smithers, Rebecca (22 June 2005). "I am not a Maxwell". Guardian. Retrieved 12 September 2013.
- ^ "Mystery buyer steps in to stop Maxwell's house repossession". www.scotsman.com. Retrieved 30 January 2020.
- ^ Dutta, Kunal (6 November 2011). "Robert Maxwell, 20 years on: Where are they now?". Independent. Retrieved 12 September 2013.
- ^ Kinchen, Rosie. "Ian and Kevin Maxwell: Robert Maxwell was a crook, but to us he was Dad... and our rock". ISSN 0140-0460. Retrieved 30 January 2020.