Leon Black Says Epstein Duped Him Out of Over $60M

Ex-Apollo CEO Leon Black testified that Jeffrey Epstein tricked him into paying over $60 million for tax advice.

Leon Black Says Epstein Duped Him Out of Over $60M

Image: cnbc.com

Leon Black, the former CEO of Apollo Global Management, testified under oath that Jeffrey Epstein duped him out of more than $60 million. Black stated that Epstein promised to provide tax and estate planning advice but instead used the money for his own purposes.

According to court documents, Black paid Epstein approximately $158 million between 2012 and 2017. Black claims that over $60 million of that amount was obtained through deception, as Epstein never delivered the promised services.

The testimony came as part of a lawsuit filed by the U.S. Virgin Islands against Black, seeking to recover funds allegedly transferred to Epstein. Black has denied any wrongdoing and said he was a victim of Epstein's fraud.

Black's lawyers have argued that he was unaware of Epstein's criminal activities and that their relationship was strictly professional. The case is ongoing.

❓ Frequently Asked Questions

How much did Leon Black pay Jeffrey Epstein?

Leon Black paid Epstein approximately $158 million between 2012 and 2017, of which he claims over $60 million was obtained through deception.

Why is Leon Black being sued?

The U.S. Virgin Islands sued Leon Black to recover funds allegedly transferred to Jeffrey Epstein, claiming Black benefited from Epstein's sex trafficking operation.

Did Leon Black know about Epstein's crimes?

Leon Black has denied knowing about Epstein's criminal activities, stating their relationship was strictly professional and that he was a victim of fraud.

📰 Source:
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