Speaker 1: What's up everyone, and welcome to another episode of the
Epstein Chronicles. Now, I'm sure you're tired of hearing me
talk about the financial sector and their bullshit when it
comes to Ebstein, but it's impossible to get away from.
And it wasn't just Epstein, it was everybody around them,
including Glaine Maxwell. But in the instance of Glaanne Maxwell,
it wasn't just JP Morgan or the other banks we
always talk about. It was Swiss based UBS who helped
facilitate the purchase of her tucked away hideout that she
ended up getting arrested in. And I think the moral
of the story is that the financial sector doesn't give
a damn what kind of crimes people are committing as
long as they get a fat envelope. As well, it's
always profits over people, especially in the financial sector. So
today we have an article from Reuter's and the headline
exclusive how ubs helped Epstein accomplish Maxwell by her hideout
tucked away Hey. This article was authored by Tom Simms,
Naomi Robnick, John O'Donnell, and Lawrence White. In rural New Hampshire,
a compound on one hundred and fifty six acre estate,
dub tucked away became Glenn Maxwell's final residence before she
was charged and arrested in July of twenty twenty. And
when she was arrested, it was wild. It was pretty unexpected, honestly,
because at that point there had been no talk about
even going after Glenn Maxwell. Now they were saying that,
you know, they were spinning the wheels, they were looking
into you know, accomplices, associates, whatever. But by that point
we had no faith. And when she was arrested it
took me by surprise. Honestly, I figured that she boogeed
to France or England by that point, why would you
stay in America. Behind the cash purchase of the one
point one million dollar home in December all of twenty
nineteen were fun sent by Swiss banking Giant UBS on
Maxwell's behalf a month earlier, documents in a cash of
files released by the Justice Department related to the convicted
sex offender Jeffrey Epstein's show. The money then cascaded through
a web of trust and banks to buy the secluded property.
Ubs processed the transfer for an account link to Maxwell
three months after US criminal investigators issued a bank a
grand Jerry subpoena to divulge information on all her financial
dealings on August sixteenth that year, citing an investigation into
sex trafficking of children. Imagine being a bank getting that
kind of information and still doing business with Glenn Maxwell.
Weren't these banks closing people's accounts out for political beliefs
or if you like put in a bet on like
a website or whatever that they don't agree with. Don't
they like close your account out without any kind of
conversation or anything. Yeah, we don't want your business anymore,
keep it moving. But if it's Glenn Maxwell, different story, right,
Because when you're part of the club, well you're a
part of the club. UBS told Maxwell by email on
August first that it would cease doing business with her
within a month without giving a reason. Well that's a
good move. I can't even begin to imagine any kind
of bank that would want to do business with somebody
like Glenn Maxwell. Aren't there other scummy people for you
to get in bed with? People that we don't know
about yet, Because when they do it with people like
Maxwell or Epstein, it's like they're rubbing our face in it. Right,
everybody knows what these people are, who they are, what
they do. Nobody cares. How about that? Stop asking questions?
Aren't you more interested in what happened to Nancy Guthrie's mom?
Who cares about Epstein? It's old news. Banks are required
to show they take measures to prevent their services being
used to facilitate crime. Failures can lead to large penalties
by regulators, legal action from victims, and costly reputational damage.
Lenders must closely monitor high risk customers and curb or
cut their service if they suspect dubious activity. But that
doesn't really happen, does it, Not with people like this,
not until the fire is so hot that you can't
avoid the flame. But on the way to a three
alarm fire, what do they care if there's a little
bit of a third degree burn? Right, they can live
through that, Just pay another fine and keep the bullshit
going like they have done throughout history. I don't know
how many times I have to say it, but I
guess I'll say it a million more. If you're looking
for bad guys in the story, when it comes to
Maxwell and Jeffrey Epstein, look no further than the financial sector,
together with other transactions and investigators' reports. The documents underscore
the central role UBS played in managing the finances of
Epstein's chief accomplice, whose proximity to the convicted felon had
been reported years before the wealth manager had taken her
on as a client. Well, sam could be said about
the Clintons. They know what Maxwell was, They didn't care.
She was still invited to the wedding, wasn't she? She
was still there in a place of prominence. Wasn't she?
She was still friendly with all these people, wasn't she?
None of them cared, Not UBS, not the Clintons, not
jeff Bezos, nobody, UBS bank Jeffrey Epstein's associate Glenn Maxwell
for years, and was behind the money that paid for
her new Hampshire hideout where she was arrested. US Department
of Justice document show and here's some key dates. July
sixth Epstein arrested. July twenty second through the thirty first,
UBS handles Maxwell's card payment, accepts six hundred thousand dollars
of her funds from Barclays. August first, UBS tells Maxwell
it will drop her as a client. August sixteenth, US
Justice official subpoena UBS for information on Maxwell accounts. November twelfth,
UBS transfers around eight million from Maxwell's account to husband's account.
December thirteenth, tucked Away Home purchased his clothes twenty twenty.
June first investigators question where Maxwell's UBS funds have gone.
July second. Maxwell arrested October thirty first. UBS still holds
four point one million of Maxwell and spouse's money. Accounting
report shows the files shed a rare light on how
banks deal with rich customers and can ignore some of
the red flags that might disqualify a regular client, said
Tom Kirschmeyer, a financial crime expert with the London School
of Economics. Well, I don't have to go to fancy
lads school to tell you that that's the case. I
grew up my whole entire life being poor, paying the
poor people's tax, dealing with the bullshit, getting charged a
crazy ass rate, just like most of you, while these
dirtbags were living it up, engaging in all kinds of
insider trading, and god knows what else. So thank god
for people like Tom Kirschmeyer from fancy lad school. Banks
that are told of secret criminal inquiry as UBS was
typically do everything they can to find publicly available information
to justify holding up the suspects money. He said, well, yeah,
they have to have a reason, right, you have to
go before a judge and say, look, this is what's
going on. This has been subpoenaed or frozen or whatever
by the federal government, and we're doing our part. They
can't arbitrarily do that. In the Southern District of New
York subpoena, the US attorney told UBS the information was
part of a criminal felony investigation, requesting it to keep
the request secret in case the disclosure would impede the probe.
The file show, so like if you get your email
or whatever subpoenaed, you might not even know about it
for a couple of years. You know. If the government's
like looking into you, you don't get like a visit
at your house. Hey, look we're looking into you. They
just go about their business building their case, and when
they think that they have enough to get you or
to pigeonhole your ass, then they'll come talk to you.
Epstein had died in jail days earlier, on August tenth,
as he faced sex trafficking charges. UBS de client to
comment on Maxwell or respond to Reuter's questions about why
the bank processed the payment, saying that it does not
speak about client related matters. In other words, we got
caught with our pants down and our hand in the
cookie jar. Maxwell was convicted in twenty twenty one and
serving a twenty year prison sentence for recruiting and grooming
teenage girls for sex, as well as for participate in
the abuse of minor victims in some instances. Her lawyers
have argued at the trial that you escape coded for
Epstein's crimes. A spokesperson for the prison where she's staying
said Maxwell would not comment. Of course she won't comment.
She thinks her buddy Donnie Diddles is going to cut
her a deal, and you know what, he just might.
I don't put anything beyond this, dude. David Oscar Marcus,
the criminal defense attorney who last month represented Maxwell in
a deposition to the House Oversight Committee, declined to comment, Well,
that's weird, considering that dude never knows when to shut up.
Pretty odd that he's not running as fat yet pure.
The pattern that we've seen from our investigations of Epstein
and a lot of other high net worth criminals is
that the banks look the other way because they know
ultra wealthy clients can pack up and take their money
across the street anytime they want, said Senator Ron Wyden,
who has scrutinized the money that flows from Epstein's accounts.
Did he scrutinize his own son's money? Probably a good
place to start. No, your own son is asking for
money from Jeffrey Epstein and you're up here yelling and
screaming about everybody else. I would beat the brakes off
my son. Oh. I don't care if he's an adult either.
Meet me at the gym. Strap these gloves on. You're
making my life difficult. Get this ass beaten. Glenn Maxwell
wasn't just some minor accessory to Epstein's crimes. She was
an essential part of his trafficking operation that reached all
around the globe. And she's accused of participating and abuse herself,
Wyden said, not accused, She was found guilty of it.
What do you mean accused? There's no accusations here. This
vile bipedal serpent was abusing girls. She was bringing girls
into the belly of the beast, and she was partaking
in the abuse herself. And I don't care if it
was one girl or one million. The fact that she
did it once makes her everything we said she was.
While information on Epstein's financial dealings remains incomplete, the file
show he maintained access to major Wall Street firms well
after his two thousand and eight conviction. Deutsche Bank continued
servicing Epstein's accounts in twenty nineteen, even after moving to
cut Ties, while Morgan Stanley opened accounts for Epstein lining
Truss as late of March of that year. Reuters has reported,
so we're talking about the year he died. You have
people like Morgan Stanley saying, you know what, We'll take
your money. No problem. Park it here, buddy. He did
his time. Nothing to see here. A bunch of scumbags.
The late financier and convicted sex offender Jeffrey Epstein and
his jailed accomplist Glenn Maxwell used a host of global
banks over the years, including before and after their legal
troubles began. US Department of Justice file show. This list
is based on a Reuter's analysis of documents in the
files and is not exhaustive, and we're never going to
know the full extent of Epstein's finances. We'll never know
if this scoundrel was good at anything, it was hiding money.
Maxwell was arrested by FBI agents forcing entry into the
compound at the end of a half mile dirt driveway
with no trespassing signs on the outskirts of Bradford, a
small town known for its colonial white homes and horse farms.
Maxwell used the name Janet and posed as a journalist
who wants privacy to buy the house when she met
with the realtor. According to court documents from a bell hearing, Yeah,
journalist Janet more like jerk Off Janet. During her arrest,
FBI agents discovered a mobile phone covered in aluminum foil
to avoid being traced, and a security team staff by
former British military members that had been hired to guard
Maxwell during her stay there. The court document show just
a normal gal, right, Just a normal person going through
their life with a security detail and a gigantic bank
account and hiding away in New Hampshire. Come on, nothing
to see here, folks, Keep it moving. A document by
federal US investigators probing Maxwell's money links to UBS to
the New Hampshire hideout. The file, dated April twelfth, twenty
twenty two, includes a flow chart detailing the wire transfers
entitled three point thirty eight Washington Rode Bradford, New Hampshire,
a reference to the address of her home tucked away.
The document states that the information's based on US Treasury
financial crime records and is marked sensitive. Well. Yeah, look,
they had a whole investigation going, there is no doubt
about it. And when they thought the iron was hot,
that's when they struck and the skafuza Glenn Maxwell ended
up in prison. It shows that UBS transferred nearly eight
million dollars on November twelfth, twenty nineteen, from an account
held for a Montepeler Trust, an entity set up by
Maxwell as it's so called Grant hor Her then husband
Scott Borgerson was one of the trustees. UBS record show
the cash went to a ted A Meritrade account, of
which Borgerson was a custodian. Oh the little tricks we
picked up from Marpal Jeffy Huh. Days before the transfer,
on November sixth, twenty nineteen, UBS was still in discussions
with the FBI on documents who would send as requested
by the Grand Jerry subpoena of August. Reuters could not
establish if UBS alerted the authorities to the eight million
dollar transfer. Probably not. Why would they do you really
think ubs cared that they were moving money for Kline Maxwell.
They knew what she was, they didn't give a shit.
Banks operating in the US are obliged to inform the
US Treasury of suspicious transaction related to a possible regulatory
or legal violation within thirty days. Tedameritrade sent the money
to a trust that was used to buy the house
in Bradford, New Hampshire. Tedameritrade has since been taken over
by Charles Schwab, which declined the comment, We're never going
to get any comments from any of these people. It's
not even worth asking. US authorities arrested Glen Maxwell at
a one hundred and fifty six acre compound in New
Hampshire in twenty twenty. Maxwell and Borgson's combined wealth was
estimated at around twenty two and a half million as
of October twenty twenty, according to her report filed to
court in the Southern District of New York later that
year by accountants hired by her lawyers at Cohen and Gressor.
They found that much of her wealth could be traced
to a twenty fifteen sale of a townhouse on the
Upper East Side of Manhattan for fifteen million. You mean
the house that Epstein paid for, gave her the whole
flip that house cool. So Epstein's money that should have
been seized. If this was a rico case, like it
should have been, you catch it on. Yet it remains
unclear how she came to own the house and what,
if any due diligence UBS carried out When more than
fourteen million went into her bank account in twenty sixteen,
The accountants report stated the proceeds went to a UBS
account and from there to other UBS accounts to buy properties.
The Swiss lander held accounts with cash shares and other
investments for Maxwell and designed her to relationship managers during
her time as a customer. Document show at one point
the bank was managing nineteen million for her, Reuters reported
in February, so I would look for another lawsuit from
the survivors focusing on UBS. That's definitely coming. Maxwell and
Borgersen still held four point one million at UBS at
the and of October twenty twenty, according to accountants. Borgerson
didn't respond to a request for comment. Well, we know that
Borgerson left her for some yoga instructor. Maxwell got ghosted
by Borgerson, who had left his family previously for Maxwell,
but then did the same thing to her for the
yoga instructor. I mean, who would have guessed it? A
guy cheats on his wife with you and then leaves
you for another broad I'm shocked. Suspicious activity reports, which
banks used to alert authorities to suspect money movement, shed
some light on Maxwell's dealings. In the email correspondence between
the FBI and Federal Law Enforcement in April twenty twenty two,
the agencies discuss a SAR that suggests the New Hampshire
property was purchased with proceeds from human trafficking. It's unclear
which bank alerted regulators to the irregularity of the transaction.
After her arrest, Ubs filed a SAR covering more than
eighteen million worth of transfers from her accounts at the
Swiss Bank to Borgerson between December twenty fourteen and July tenth,
twenty twenty, according to an untitled and undated document summarizing
several such filings. The US Justice and Treasury Departments declined
to comment on Maxwell, her relationship with Ubs, and the
home purchase, and the banking transactions. British bank Barclays also
played an important role for Maxwell, according to the files,
as the only lender she held money with outside the
US from twenty seventeen. According to the report on her wealth, yeah,
jess Day. Why do you think she was there? She
was following jess Day who was over at Barclays. She
had held two point four million at the bank at
the end of twenty eighteen, The report shows. In the
three weeks after Epstein's July sixth, twenty nineteen arrest, Ubs
received more than six hundred thousand deposits from her Barclay's
account as she rounded up money to pay for a
credit card bill. Email exchanges show Barclay declined to comment
on its dealings with Maxwell. It remains unclear how much
money Maxwell has left. Talked Away has since changed hands,
according to property records and real estate agents, and is
set to be sold again four seasons. South BEA's International
Realty describes it as a privacy lover's dream and it
is what a beautiful property. I would love to have
that property. Holy hell. The problem is Glenn Maxwell bought
that property with funds that she received due to her
role in Jeffrey Epstein's criminal enterprise. So the whole thing
should have been seized at the time, every dollar should
have been seized, and Maxwell should have been left indigen
But of course that didn't happen, did it. And as
far as UBS goes, I would be shocked to see
them not get sued by the survivors. Now that this
revelation's out there and that the information the documentation is
here with it, it's rather obvious that UBS didn't give
a shit and that they were in engaging in criminal
activity when they were working with Maxwell. So I would
expect them to get sued. And I also expect them
to do the same thing that JP Morgan, Deutsche Bank,
and Bank of America have done, and that's settle, because
the last thing the financial sector wants to do when
it comes to Jeffrey Epstein is get the discovery, all right, folks.
That's going to do it for this one. All the
information that goes with this episode can be found in
the description box.