Jeffrey Epstein, a late American investor and convicted sex offender, was additionally accused of sexual abuse and trafficking of underage girls. Many famous people, including former US President Donald Trump and the UK’s Prince Andrew, found themselves in the spotlight of media attention in connection with the Epstein scandal.
The CEO of Apollo Global Management, Leon Black, announced on Monday that he will resign from his position after the hedge fund conducted an internal investigation into the relationship between Black and late American financier and convicted sex offender Jeffrey Epstein.
The company also revealed that Black will be succeeded by Marc Rowan, who was unanimously approved by the hedge fund’s executive committee.
Apollo stated that it is releasing the report made by the Dechert LLP legal firm regarding the Black-Epstein relationship, providing some key takeaways. In particular, the statement highlighted that the report found no evidence of Black participating in Epstein’s criminal activities, while admitting that Epstein “regularly advised” Black on “trust and estate planning, tax issues, philanthropic endeavors, and the operation of his Family Office”.
In its report, according to The Wall Street Journal, Dechert found that Black paid Epstein $148 million, plus a $10 million donation to a charity.
In his letter Black highlighted that “both Apollo and I condemn Mr. Epstein’s reprehensible conduct in the strongest possible terms”.
Previously convicted for sexual abuse, Epstein was arrested for a second time in 2019 on federal charges for sex trafficking of girls. He died in his prison cell in August 2019 after what is claimed to have been a suicide.
Sourse: sputniknews.com
