Public Records Reveal Billionaire Financier Leon Black Paid $62M To Avoid Prosecution by US Virgin Islands Over Epstein Ties

Jul. 22, 2023

The Jeffrey Epstein trafficking ring saga keeps shining light on the behavior of the rich and powerful worldwide.

Public records just released reveal that embattled billionaire financier Leon Black has reached a settlement early this year with the US Virgin Islands territory government to avoid being dragged into the Vortex of the lawsuits raging in Federal Court.

Independent reported:

“Private equity billionaire Leon Black agreed in January to pay $62.5m to the US Virgin Islands to be released from potential claims related to the territory’s investigation of the Jeffrey Epstein sex-trafficking ring.”

Black had a close relationship with Epstein for decades, socializing together and sharing deep financial ties as the late sex offender gave him tax advice, help with buying artwork, and many other professional services.

“The billionaire reportedly paid Mr. Epstein $158m for financial planning. The pair cut business ties in 2018 because of a ‘fee dispute’, representatives for Mr. Black have previously said.

In 2021, Mr. Black stepped down from Apollo Global Management, the private equity firm he co-founded. Following his resignation, the firm hired the law firm Dechert to investigate his ties to Epstein. Dechert cleared Mr. Black of wrongdoing but noted that payments to Epstein ‘far exceeded any amounts’ to his other professional advisors.”

This settlement with Leon Black is another part of the US Virgin Islands’ larger probe of the Epstein sex trafficking ring.

https://www.thegatewaypundit.com/2023/07/public-records-reveal-billionaire-financier-leon-black-paid/