Legal Law

Leon Black is sorry

I'm sorry for Leon Black. Sorry, we're sure how close his relationship was to the convicted and now-dead pedophile Jeffrey Epstein. I am sorry that he credited his "financier" up to $ 75 million long after he officially became a registered sex offender. But most of the time, when it looks like this, I feel sorry that other people keep taking note of it, raising awkward questions from customers, and forcing him to do his least favorite thing: talk about Jeffery Epstein.

Wall Street tycoon and Apollo Global Management co-founder Leon Black regretted his dealings with convicted sex offender Jeffrey Epstein in a letter to investors Monday. Black said in the letter that his relationship with Epstein included only professional services that included "estate planning, taxes, and philanthropic endeavors". He also wrote that he occasionally met with Epstein at Epstein's New York townhouse to do business, as Epstein did not have a separate office. He also noted that he was visiting Epstein's private island for a "picnic lunch". In the letter, Black said that members of his immediate family were with him.

"In hindsight, I regret – and I know everything that came to light more than fifteen years ago about Epstein's despicable behavior – that I delved into him deeply," explained Black in the letter.

Fifteen years ago, Epstein's preference for teenage girls became public knowledge. Even Donald Trump realized the guy was a scare. And 12 years ago he was convicted of advertising for minors and sent to prison for more than a year. Black's relationship with him, on the other hand?

Black "received personal advice on trust and real estate planning, philanthropy and investment services for family offices from several financial and legal advisors, including Mr. Epstein, over a six-year period between 2012 and 2017."

Well, dear, loyal Apollo investor, there are still two comforting things you can do. First, Epstein never got anywhere near the private equity firm itself, and Leon Black didn't lie to you. Some things may have left out some details that are only of interest to yellow journalists but definitely never directly told a lie.

"None of the reports in the recent New York Times article are in any way inconsistent with the information I gave you over a year ago," Black said in the letter to the Apollo limited partners.

Leon Black tells investors that I deeply regret investing in Jeffrey Epstein [CNN Business].

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