Jeffrey Epstein maintained a close professional relationship with Leon Black, co-founder of Apollo Global Management, from 2012 to 2017. During this period, Black paid Epstein approximately $158 million for financial services, including estate planning and tax advice. An independent review by the law firm Dechert LLP revealed that Epstein's strategies potentially saved Black at least $1.3 billion. Despite Epstein's 2008 conviction for soliciting a minor for prostitution, Black continued their association, citing Epstein's expertise in complex financial matters.
The extent of Epstein's access to Black has been a focal point of scrutiny. Reports indicate that Epstein had significant influence over Black's personal financial decisions, leading to questions about the appropriateness of their relationship. In response to growing concerns, Black requested Apollo's board to conduct an independent review of his ties with Epstein, which ultimately led to his resignation as CEO in early 2021. This case underscores the complexities and potential risks of maintaining professional relationships with individuals of questionable repute.
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Source:
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