Leon Black deserves $ 8 billion. So when he told Apollo Global Management agents last summer that his relationship with the recently arrested is coming soonDead by his hand Jeffrey Epstein was “limited” by nature, he was absolutely correct, and not just in a pedantic way that one part of Black’s life that did not include child molesters would describe the relationship as “Limited. “
Mr. Black sent Mr. Epstein at least $ 50 million in the years following Mr. Epstein’s 2008 conviction for inciting the prostitution of a teenage girl, according to documents reviewed by the New York Times and interviews with four people with knowledge of the transactions. The transfers included $ 10 million to a foundation Mr. Epstein started and an advisory fee that was extraordinary enough for a close scrutiny of Deutsche Bank, where Mr. Epstein kept his accounts. Two people said the total amount Mr. Black sent to Mr. Epstein could be as high as $ 75 million.
In fact, even $ 75 million out of $ 8 billion is very limited, in fact, in terms of size, actual impact on Black’s life, finances, etc. On the other hand, this is an enormous amount of money being handed over to someone who is WHO It didn’t seem like he was good at anything Besides winning the rich to give him money, you know, Illegal and more daring things. Luckily for us and very unfortunately for Black, who’s a lot You don’t want to talk about this Or get anyone else to talk about it, especially not among them Public Prosecution Or in the pages of the registered newspaper, New York times“Office search for embarrassing financial records is not Too busy With th President taxes To prevent him from walking a little further into Black’s “limited relationship” with Epstein after the latter was officially convicted of sexual offenses.
Some of the payments from Mr. Black are described in an internal report by Deutsche Bank, who served as the lead banker to Mr. Epstein from 2013 to 2019…. Portions of the report reviewed by The Times describe $ 22.5 million in 2017 by a company called BV70 LLC, which the bank said owned Mr. Black’s yacht, for Plan D, the company that operated Mr. Epstein’s Gulfstream plane. When an employee of Deutsche Bank’s Financial Crime Prevention Division inquired about the payment, another bank employee told her it was a fee for consulting services provided by the Southern Trust Company, one of the dozens of entities Mr. Epstein manages in the Virgin Islands. There was no explanation as to why the batch went to Plan D.
A Deutsche Bank report also shows that the BV70 made a $ 10 million donation in 2015 to a charity initiated by Mr. Epstein, Gratitude America, which provided several million dollars in grants while Mr. Epstein portrayed himself as a philanthropist. BV70 also plans to pay another $ 10 million to Mr. Epstein for consulting work, according to the report, although it is unclear if this amount was ever paid.