Billionaire Leon Black Allegedly Bankrolled Jeffrey Epstein Even After Disgraced Financier Was Convicted Of Soliciting Sex From A Teen
Leon Black, a billionaire financier, allegedly wired disgraced financier Jeffrey Epstein at least $50 million since 2008, despite denying a deep relationship with him, according to the New York Times.
Black, an executive at Apollo Global Management, said in 2019 that Epstein had never done any business with Apollo. However, he did note that Epstein did do personal work for him.
“Mr. Epstein has provided professional services to my family partnership and related family entities, involving tax, estate planning, and philanthropic advice,” according to a transcript of the phone call. Black also said he donated to “charitable organizations” that Epstein was affiliated with.
Black wired Epstein at least $50 million in the years following Epstein’s 2008 conviction for soliciting prostitution from a teenage girl, and the numbers appear to be a bit shady, The New York Times (NYT) reported.
Among the transfers, $10 million reportedly went toward a foundation Epstein started. Two people familiar with the transfers estimated the money wired from Black to Epstein could be as high as $75 million, per the same report.
In 2011, Epstein’s financial advisory firm – Financial Trust – and Black and his family members invested in an emissions control company, Environmental Solutions Worldwide, per the NYT. Two of Black’s sons currently sit on the board.
Over the summer, Deutsche Bank was fined for dismissing red flags against Epstein’s financial activities. Part of the report allegedly showed a payment of $22.5 million to Plan D in 2017 by a company called BV70 LLC, which Deutsche said owned Black’s yacht. Plan D managed Epstein’s Gulfstream jet, the NYT reported.
When an employee at Deutsche questioned the payment, she was allegedly told that it was a fee for a consulting service provided by Southern Trust Company, one of Epstein’s operations in the Virgin Islands, despite no explanation as to why the payment went to Plan D.
Epstein reportedly told officials in the U.S. Virgin Islands in 2013 that his business, Southern Trust Company, was a “DNA data-mining and genetic research provider with a ‘financial arm.'” The company had no scientists on its staff and there’s little evidence to support Epstein’s claim that the company was involved in DNA- data mining, per the same report.
https://dailycaller.com/2020/10/13/apollo-leon-black-jeffrey-epstein-sex-trafficking-financial-money-wiring/
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