- Oct 17, 2011
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The Senate Finance Committee is looking into whether billionaire investor Leon Black’s $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes.
Black, the co-founder and former CEO of Apollo Global Management, paid Epstein in several installments between 2012 and 2017, according to findings from an ongoing investigation led by Senator Ron Wyden, the Oregon Democrat who heads the Senate Finance Committee.
Black, 71, stepped down as CEO of Apollo in 2021 shortly after a New York Times report revealed that he allegedly regularly dined with Epstein and paid him for consulting and other services. An internal Apollo investigation that documented his $158 million payment to Epstein following the New York Times’ reporting, however, found no wrongdoing.
Wyden said in the letter that the investigation into Black’s payment to Epstein is “part of an ongoing set of investigations by the Committee into the means by which ultra-high net worth persons avoid or evade paying federal taxes, including gift and estate taxes.”
Black, the co-founder and former CEO of Apollo Global Management, paid Epstein in several installments between 2012 and 2017, according to findings from an ongoing investigation led by Senator Ron Wyden, the Oregon Democrat who heads the Senate Finance Committee.
Black, 71, stepped down as CEO of Apollo in 2021 shortly after a New York Times report revealed that he allegedly regularly dined with Epstein and paid him for consulting and other services. An internal Apollo investigation that documented his $158 million payment to Epstein following the New York Times’ reporting, however, found no wrongdoing.
Wyden said in the letter that the investigation into Black’s payment to Epstein is “part of an ongoing set of investigations by the Committee into the means by which ultra-high net worth persons avoid or evade paying federal taxes, including gift and estate taxes.”
