Sen. Wyden wants to know why Leon Black paid Epstein $170 million for tax planning
Summary
Senator Ron Wyden is asking a House committee to question billionaire Leon Black about the $170 million he paid Jeffrey Epstein for tax and estate planning between 2012 and 2017. Wyden doubts Black has given a clear explanation for these payments and points to possible links involving hush money and legal settlements related to Epstein.Key Facts
- Leon Black paid Jeffrey Epstein $170 million from 2012 to 2017 for tax and estate planning services.
- Black paid a law firm only $2 million during 2013 and 2014 for similar estate planning work.
- Senator Ron Wyden asked the House Oversight Committee to question Black about these large payments.
- Black’s attorney said there is no evidence Black knew about Epstein’s criminal activities.
- Black requested an internal investigation at his company, Apollo, which found Epstein was paid only for tax and estate planning.
- Wyden claims Justice Department records suggest Black may have used Epstein to pay hush money to women.
- An October 2017 email suggests Black transferred money to a woman through Epstein.
- Black settled with the U.S. Virgin Islands government for $62 million over issues related to Epstein.
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