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Billionaire Leon Black Is Stepping Down From His Firm Following Connection To Epstein


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As the Ghislaine Maxwell trial starts, other developments are taking shape in the Epstein scandal.

According to sources, Leon Black, the C.E.O. of private equity firm Apollo Global Management, will be stepping down from his role following his apparent connection to Jeffrey Epstein.

Black allegedly paid out $158 million to Epstein…

This was discovered during an internal investigation by the board of directors at Apollo into Black and Epstein’s relationship.

While the board found ‘no evidence’ that Black took part in Epstein’s criminal enterprise, he did loan him quite a large sum of money, and questions loom over exactly what the large sums of money were for.

Here’s what we currently know:

Forbes detailed several large transactions from Black to Epstein:

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Apollo said its investigation, conducted by law firm Dechert, found “no evidence that Mr. Black was involved in any way with Mr. Epstein’s criminal activities at any time.” However, the report did show that Black paid Epstein a stunning $158 million in fees for services, loaned him over $30 million in loans and made a $10 million donation to Epstein’s charity, all figures that are multiples of what was previously reported.

Vanity Fair reported these allegations against Black:

Today, in new court documents, a former model is accusing Black of violently raping her at Jeffrey Epstein’s Manhattan townhouse in 2002.

The woman, identified in the documents as “Jane Doe,” says Epstein arranged for her to give a $300 massage to Black when she was a financially struggling single mother living in New Jersey. But instead, she alleges, Black brutally assaulted her shortly after they entered the massage room on the third floor of Epstein’s mansion.

A number of weeks later, she claims, Black paid her $5,000 cash to “help with her credit card debt.” The suit says Doe didn’t report the rape at the time because a friend warned her no one would believe her.



 

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