Leon Black tells investors “I deeply regret” Jeffrey Epstein’s involvement


The letter, provided to CNN Business by Apollo – a private equity firm, comes after a New York Times report revealed more details about the billionaire’s relationship with Epstein, who was convicted in 2008 on two charges. of state prostitution and was found dead in his prison cell after being indicted by a federal child sex trafficking court. Black may have paid Epstein up to $ 75 million for consulting and other services, the Times reports, citing two anonymous sources with knowledge of the transactions.

The New York Times also reported that Epstein and Black “often socialized and had dinner together.”

“None of the reporting in the recent New York Times article is in any way inconsistent with the information I shared with you over a year ago,” Black said in the letter to Apollo’s limited partners. . CNN did not get the information for 2019.

Black said in the letter that his relationship with Epstein only covered professional services which included “estate planning, taxation and philanthropic efforts.” He also wrote that he sometimes met Epstein at Epstein’s New York home to do business, as Epstein did not have a separate office. He also noted that he visited Epstein’s private island for a “picnic.” In the letter, Black said immediate family members accompanied him.

“Looking back – and knowing all that has been revealed about Epstein’s contemptible conduct over fifteen years ago – I deeply regret having had any involvement with him,” Black said in the letter.”Mr. Black was completely unaware of and continues to be appalled by the reprehensible conduct that surfaced in late 2018 and led to the federal criminal charges against Mr. Epstein and deeply regrets having had a any involvement with him, ”a spokesperson for Black said Monday. “It is important to note that no one, including The New York Times, has ever alleged that Mr. Black committed wrongdoing or improper conduct. ”

The spokesperson also said that Black “had received personal trust and estate planning advice as well as family office philanthropy and investment services from several financial and legal advisers, including Mr. Epstein. , for a period of six years, between 2012 and 2017. ”

An Apollo spokesperson said the company “had never done business with Jeffrey Epstein at any time.”

Black told investors he would “fully cooperate” with any investigative investigation into Epstein before later expressing remorse for his relationship with the disgraced financier. Black and Epstein are said to have had a decades-long business relationship.

In August, U.S. Virgin Islands Attorney General Denise George filed subpoenas to serve Black and Apollo Global Management, demanding financial documents and communications for the company and several other Black-related entities as part of the l territory’s civil case against Jeffrey Epstein’s estate.

The lawsuit filed by the Virgin Islands’ Attorney General in January found 22 counts, including aggravated rape, child abuse and neglect, human trafficking, forced labor and prostitution.

Black is not a named party in the lawsuit.

“We understand that the Attorney General of the US Virgin Islands is seeking information from Mr. Black, several major banks and others as third party witnesses in a civil investigation into entities set up by Mr. Epstein in the islands. American virgins, ”a spokesperson for Black said Monday. “Mr. Black intends to cooperate fully with such an investigation. ”

– CNN’s Lauren del Valle contributed to this reportt


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