UBS banked Ghislaine Maxwell for years, moving her money after Epstein's arrest
Source: Reuters
February 8, 2026 12:04 AM EST Updated 17 mins ago
LONDON/TORONTO/FRANKFURT, Feb 8 (Reuters) - Swiss wealth giant UBS (UBSG.S) 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 $19 million in the years leading to her sex-trafficking conviction, documents show.
The documents, part of a cache released by the U.S. Justice Department last month, 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 emails and bank statements, show the Swiss lender opened personal and business accounts for Maxwell holding cash, shares and investments in hedge funds. UBS assigned her two relationship managers, who then helped Maxwell move millions of dollars and accorded her other benefits the bank reserves for its wealthy clients.
In 2014, after JPMorgan closed Epstein's accounts, UBS provided him with a credit card, an email shows. Epstein had been jailed and pleaded guilty in 2008 to soliciting prostitution from an underage girl. That account was closed in September that year. Epstein's accountant told him UBS had taken the decision because of the "reputational risk," an email shows. But the bank continued its relationship with Maxwell even though her proximity to Epstein had been reported by several media, including in an interview with the financier.
Read more: https://www.reuters.com/business/finance/ubs-banked-ghislaine-maxwell-years-moving-her-money-after-epsteins-arrest-2026-02-08/
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