00:00It's Benzinga bringing Wall Street to Main Street
00:02Swiss wealth manager UBS opened personal and business accounts for Ghislaine Maxwell in
00:072014, months after JPMorgan Chase ended its relationship with Jeffrey Epstein, according
00:13to Reuters.
00:14The bank managed as much as $19 million for Maxwell before her sex trafficking conviction,
00:19according to U.S. Justice Department documents released last month.
00:23The records show UBS assigned relationship managers helped move millions of dollars and
00:28provided services reserved for wealthy clients.
00:31UBS also briefly provided Epstein with a credit card in 2014 before closing that account due
00:37to reputational risk while continuing to bank Maxwell.
00:40After Epstein's arrest, UBS moved $130,000 at Maxwell's request to cover an American Express
00:46bill and later received a grand jury subpoena on her, providing the FBI with wire transfer
00:52information.
00:53For all things money, visit Benzinga.com.
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