$50m for larger organizations paying for “transfer accounts” starts to sound more reasonable. We hope, but doubt, that Black will answer this question outside of a court of law.

That document took the howler position that former board member Al Villalobos had victimized Leon Black! He’s famed as being the most brass-knuckled big PE player. Black and Epstein reportedly had a decades-long business relationship. The letter, provided to CNN Business by Apollo — a private equity firm, comes after a report from The New York Times revealed more details about the billionaire's relationship with Epstein, who was convicted in 2008 of two state prostitution charges and was found dead in his prison cell after being charged in federal court with child sex trafficking. “There has never been an allegation by anyone, including The New York Times, that Mr Black engaged in any wrongdoing or inappropriate conduct,” she added. Apollo was caught out keeping law firm discounts for itself rather than sharing them with its limited partners? Then, when caught, maybe we get the case influenced by who he might bring down… and we now know fbi loaded with left biases, so natural for some of them to want to protect their stars… water under the bridge… he/they learned their lesson, etc… Oh, the old "Stiff Upper Lip" gag. Black is already too close to Epstein’s bad habits for comfort: The attorney general of the Virgin Islands, Denise N. George, filed a civil forfeiture lawsuit against Mr. Epstein’s estate this year, claiming that Mr. Epstein had deceived officials to get Southern Trust a lucrative tax break and used his island retreat to engage in sex trafficking. The relationship between Black and Epstein is murkier and more troubling since it’s not clear at all what Black thought he was getting from Epstein. Well if you don’t want to grow more cynical then don’t look into the Obama administration altering Malaysia’s human trafficking rating from the lowest Tier 3 to Tier 2 in 2015 in order to get the TPP passed. So if they won’t hire outside courtesans for their own use, or use their private brothel as a selling tool, that points to their perception of risk. Black, the cofounder and CEO of investment giant Apollo Global Management, wired at least $50 million in payments to Epstein, part of a yearslong business relationship that included paid financial consulting services from Epstein, joint charitable efforts and at least one company both men invested in, according to documents viewed by the Times. As I said, I’m not wild about this theory.

It also contradicts some of Epstein’s own behaviour – it seems like he and Maxwell went out cruising clubs to find vulnerable young women, just like any street level hustler. (Black also confirms bringing his family to a picnic on Epstein's private island.) In 2019, Black sent an email to his employees at Apollo Management downplaying his relationship with Epstein, writing, “I want to emphasize that Apollo has never done any business with Mr. Epstein at any point in time. So the money would have had to be conveyed to Black in a way that could not be characterized as income for US tax purposes. Off topic, but I am heading away & will be offline for 3 days so am posting this here as some might want to sign. This sort of chiseling is rampant in private equity. "Mr. Black intends to cooperate fully with any such inquiry. Information that would illustrate and disseminate to the public at large just how corrupt to the core our ruling elites are is tamped down by said ruling elites. Leon Black has four children in total: three sons named Benjamin, Alexander, and Joshua, and a daughter named Victoria.

That’s roughly what Trump told Biden in the debate, isn’t it? “Clearly, we need an understanding about what the letter said and what has been in the news,” Mr. Davis said. Sometimes that includes a shove. His job is to pay for whatever the client wants. Leon D. Black is chairman and chief executive of Apollo Global Management, one of the world’s largest private equity firms. It makes the site look bad. This is was way outside normal prostitution. “It also is worth noting that all of Mr Epstein’s advice was vetted by leading auditors, law firms and other professional advisors” Black added – noting that he had ‘once’ picnicked on Epstein’s private island with his family, and that he visited the dead pedophile ‘from time to time’ at his Manhattan townhouse. By Matthew Goldstein and Jessica Silver-Greenberg. (In 2018, the year Mr. Black said he cut ties with Mr. Epstein, Southern Trust reported no fee income.). There have been many rumours of his links to very powerful political and finance networks, although nothing was ever proven. Begin typing your search above and press return to search. That is what I suggested without knowing the term of art. To give an unrealistically simple-minded example, what if these “fees” were just a way to create tax deductions, and only a fraction of the nominal fees were intended to be compensation to Epstein?

I’ll bet this is part of the CALPERS story. That’s why the bankers were upset, there was a clear intent to hide that the money was moving from Black to Epstein. Not only is Leon Black’s name in Epstein’s infamous black book, but Epstein was an “original trustee” of the Leon Black Family Foundation, dating from 1997. Black may have paid up to $75 million to Epstein for consulting and other services, the Times reports, citing two unnamed sources with knowledge of the transactions. And Black separately is depicted as far more private than his billionaire peers. I don’t really know, I’m just guessing based on my friends stories and conversations with her friends, also in the business. Wall Street tycoon and Apollo Global Management co-founder Leon Black expressed regret for his dealings with convicted sex offender Jeffrey Epstein in a letter to investors on Monday.

Thats hardly the act of people with high level contacts throughout the world and able to rustle up bulk buy quantities of high end hookers. The main merit of Black under this scenario would be to legitimate the appearance that Epstein was a bona fide money manager, which Les Wexner did. I can’t believe that its a coincidence that Epstein partnered up with a Maxwell. EU Wins WTO Ruling on Boeing Subsidies, Following WTO Ruling for the US on Airbus Subsidies. A guy like Black is relentless in getting value for money.

I have peered into some of the billionaire class activities and the supporting functionaries that orbit around them. Leon Black would be an exceptionally poor choice for conveying funds to Epstein. Pushing your “partners” at your firm, as in people who work for you but are senior enough to have independent reputations and relationships, to push their contacts to engage an unqualified professional who also happens to be a convicted sex offender as a tax whiz sends a very strong Something Is Wrong With This Picture message. “I want to emphasize that Apollo has never done any business with Mr. Epstein at any point in time,” Mr. Black said in his letter, a copy of which was reviewed by The New York Times. Billionaire Investor Leon Black, a founder of Apollo Global Management, will reportedly be subpoenaed in connection with his business relationship to Jeffrey Epstein, according to The New York Times. See my comment above. It is in the leverage that can be had to negotiate lopsided deals or agreement on placement of key people into powerful positions. U.S. prosecutors leading the criminal case against Maxwell recently requested that a judge refrain from making public certain documents because of an ongoing grand jury investigation related to the longtime Epstein madam. These undertakings are dangerous and expensive to run. When an employee in Deutsche Bank’s anti-financial-crime division inquired about the payment, she was told by another bank employee that it was a fee for consulting services provided by Southern Trust Company, one of the dozens of entities Mr. Epstein operated in the Virgin Islands. Leon Black also donated $250,000 to the Senate Majority PAC in 2016, and over $110,000 to the Right to Rise PAC, which supported Republican Jeb Bush in his 2016 presidential bid. Sorry, I’ve watched too many Bourne Identity-type movies.

Mr. Epstein’s financial advisory firm took a roughly 6 percent equity stake in Environmental Solutions Worldwide in 2011. I don’t mind that, just wanted to hear him sing first. Epstein is really paid only a fraction of the money, while the rest ends up in some numbered account in, say, Latvia, Malta or Belgium controlled by Mr. Black. Updated 1 hour ago - Politics & Policy. It’s something people will see exposed in tabloids and guffaw over when having lunch at work. Possibly to procure for prospects or clients. Taxes are for chumps. Not surprising to me a modest rag in Miami investigated rather than our paper of record… course, they don’t investigate any more, they just print intelligence handouts….



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