• Németh Debs

Apollo CEO, co-founder Leon Black and the $75 million connected to Jeffrey Epstein: report


New reports suggest that Apollo CEO Leon Black may have funneled as much as $75 million to disgraced financier Jeffrey Epstein before supposedly cutting ties in 2018.


The initial report published by the New York Times uncovers a number of alleged payments from Black to Epstein made through several companies.


A company that owned Black’s yacht wired $22.5 million to a company in 2017 that managed Epstein’s private jet – a move that raised questions at Deutsche Bank, the report said.

Other transactions passed through Black-owned businesses, according to the report, including a company that Black used to buy much of his billion-dollar art collection. The total amount of money that Black may have funneled to Epstein is around $75 million, which may have allowed Epstein to continue building wealth following his first criminal case.


Black owns roughly 23% of Apollo Management Group, according to a Forbes profile on the financier. He also chairs the New York Museum of Modern Art and serves as a member of the Council on Foreign Relations.

Since the initial subpoena of Black in August, Apollo's stock has steadily declined, falling from around $54 a share to around $42 a share in late September. The stock started to rally over the past couple of weeks, but these revelations may rock the stock's value again.


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https://www.foxbusiness.com/markets/apollo-leon-black-funneled-75-million-epstein.amp?fbclid=IwAR1oMPglsWn_kUO0N37DkcLFtRlpKdYVWxf7ezsHhR0w0V4r9HKMIxu-Qwo

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