New documents from the U.S. Justice Department reveal that Morgan Stanley opened accounts for Jeffrey Epstein’s trusts between 2015 and 2019, despite his 2008 conviction as a sex offender. This occurred during a period when other major banks like Deutsche Bank and JPMorgan were severing ties with Epstein. While one Epstein-related account was closed in 2017 due to risk concerns, another was opened in 2019 and subsequently closed, underscoring ongoing banking relationships despite widespread awareness of his reputational risks.
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Morgan Stanley opened accounts for Epstein trusts as late as 2019
New documents from the U.S. Justice Department reveal that Morgan Stanley opened accounts for Jeffrey Epstein’s trusts between 2015 and 2019, despite his 2008 conviction as a sex offender. This occurred during a period when other major banks like Deutsche Bank and JPMorgan were severing ties with Epstein. While one Epstein-related account was closed in 2017 due to risk concerns, another was opened in 2019 and subsequently closed, underscoring ongoing banking relationships despite widespread awareness of his reputational risks.