LONDON/TORONTO/FRANKFURT – Swiss wealth giant UBS opened accounts for Ghislaine Maxwell in 2014 just months after JPMorgan Chase decided to end its relationship with Jeffrey Epstein, and helped her manage as much as US$19 million in the years leading to her sex-trafficking conviction, documents show.
The documents, part of a cache released by the US Justice Department in January, provide fresh insights into the extent of UBS’ banking relationship with Maxwell, who was arrested in 2020 and found guilty in 2021 for her role in helping Epstein sexually abuse teenage girls.
She is currently serving a 20-year prison sentence. The documents, which include e-mails and bank statements, show the Swiss lender opened personal and business accounts for Maxwell holding cash, shares and investments in hedge funds.