Leon Black to be investigated by U.S. Senate over Epstein dealings

Published 29 July 2023
- By Editorial Staff
Leon Black is the founder and former CEO of private equity firm Apollo Management.

Leon Black, former CEO of Apollo Global Management, is being investigated by the U.S. Senate Finance Committee for his business dealings with notorious sex offender Jeffrey Epstein.

The committee is particularly interested in whether Black’s work with Epstein to avoid taxes through offshore companies was illegal.

The U.S. Senate Finance Committee is investigating Leon Black, the former CEO of private equity giant Apollo Global Management, for his business dealings with the late sex offender Jeffrey Epstein, according to a source familiar with the probe.

Leon Black resigned as CEO of Apollo earlier this year after external auditors found that he had paid more than $150 million to Epstein over several years. According to Black, Epstein gave him “estate planning, tax and philanthropic advice” for his “family business. Although Black has stated that he was unaware of Epstein’s criminal activities, this information has led to further scrutiny of his business relationships and the decisions Apollo made under his leadership.

The Senate Finance Committee has now subpoenaed documents and information related to Black’s relationship with Epstein, according to CNN. This latest probe is part of a broader investigation into tax evasion and money laundering through offshore companies. Leon Black has previously said that he “deeply regrets” any involvement with Epstein.

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