Why Did Leon Black Pay Jeffrey Epstein $50 Million?

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Billionaire Leon Black gave his longtime pal Jeffrey Epstein $50 million dollars after the deceased financier got out of prison for pedophilia.

The transfer of funds was made in at least two payments, one of which Deutsche Bank flagged as unusual, according to the New York Times, citing ‘two people familiar with the matter.’

Epstein served as a director on the Leon Black Family Foundation for over a decade, and also accepted a $10 million donation for his Gratitude America foundation from Black’s “BV70 LLC” charity.

It is true that I paid Mr Epstein millions of dollars annually for his work,” said Black in a Monday letter responding to the Times report. “It also is worth noting that all of Mr Epstein’s advice was vetted by leading auditors, law firms and other professional advisors” Black added – noting that he had ‘once’ picnicked on Epstein’s private island with his family, and that he visited the dead pedophile ‘from time to time’ at his Manhattan townhouse.

Black’s spokeswoman claims the two stopped communicating after a “fee dispute” in 2018, and that Black “deeply regrets having any involvement with him.” – READ MORE

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