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NEW: Leon Black, one of Wall Street& #39;s most powerful men, has said his relationship with Jeffrey Epstein was very limited.
In reality: They were close personally and Black transferred Epstein at least $50M in recent years. with @MattGoldstein26 @SteveEder https://www.nytimes.com/2020/10/12/business/leon-black-jeffrey-epstein.html">https://www.nytimes.com/2020/10/1...
In reality: They were close personally and Black transferred Epstein at least $50M in recent years. with @MattGoldstein26 @SteveEder https://www.nytimes.com/2020/10/12/business/leon-black-jeffrey-epstein.html">https://www.nytimes.com/2020/10/1...
@DeutscheBank found that Epstein& #39;s bank accounts received transfers tens of millions of dollars from LLCs controlled by Black – even after the bank& #39;s anti-financial crime officers raised questions about the transactions.
We reviewed portions of Deutsche& #39;s internal report.
We reviewed portions of Deutsche& #39;s internal report.
At the same time, Black was socializing with Epstein, joining him for meals, yachting and visits to Harvard.
There is a contrast between what we& #39;ve found in our reporting and how Black described his relationship to investors last year. (Black& #39;s firm, Apollo, is publicly traded.)
There is a contrast between what we& #39;ve found in our reporting and how Black described his relationship to investors last year. (Black& #39;s firm, Apollo, is publicly traded.)
All this was happening from 2013-2018. During this period:
- Epstein was a convicted sex offender.
- Epstein was allegedly running a sex-trafficking ring.
- Other benefactors had severed ties with Epstein.
In other words, Black& #39;s support for Epstein appears invaluable.
- Epstein was a convicted sex offender.
- Epstein was allegedly running a sex-trafficking ring.
- Other benefactors had severed ties with Epstein.
In other words, Black& #39;s support for Epstein appears invaluable.
This is what Leon Black’s spokeswoman says to explain the $50M+ payments to Epstein.
It raises as many questions as it answers.
Also noteworthy that the relationship supposedly ended because of a “fee dispute,” not because of Black having any misgivings about Epstein.
It raises as many questions as it answers.
Also noteworthy that the relationship supposedly ended because of a “fee dispute,” not because of Black having any misgivings about Epstein.
Stock markets are rallying today.
Leon Black& #39;s private equity firm, Apollo Global Management, is getting crushed. Its stock is down nearly 5%. That& #39;s about $500 million of market value wiped out. https://finance.yahoo.com/quote/APO?p=APO&.tsrc=fin-srch">https://finance.yahoo.com/quote/APO...
Leon Black& #39;s private equity firm, Apollo Global Management, is getting crushed. Its stock is down nearly 5%. That& #39;s about $500 million of market value wiped out. https://finance.yahoo.com/quote/APO?p=APO&.tsrc=fin-srch">https://finance.yahoo.com/quote/APO...
MORE: Leon Black sent a letter to his investors today. @MattGoldstein26 got a copy.
"It is true that I paid Mr. Epstein millions of dollars annually for his work" from 2012 to 2017. (Black also confirms bringing his family to a picnic on Epstein& #39;s private island.)
"It is true that I paid Mr. Epstein millions of dollars annually for his work" from 2012 to 2017. (Black also confirms bringing his family to a picnic on Epstein& #39;s private island.)
