📰 Billionaire's $170 Million Payments to Epstein Under Fire: New Evidence Links Funds to Sex Trafficking 🚨
Washington, D.C. — The financial ties between billionaire financier Leon Black and convicted sex offender Jeffrey Epstein have intensified following new revelations indicating that Black's massive payments were used to partially fund Epstein's sex trafficking operations.
A report from the Senate Finance Committee, led by Ranking Member Ron Wyden, has significantly escalated the scrutiny, finding that the true amount Black paid Epstein totaled at least $170 million, an amount higher than previously reported. These payments were made between 2012 and 2017 for what Black’s representatives insist was legitimate tax and estate planning advice.
The Questionable Sum and Purpose
Critics have long questioned the enormous payments to Epstein, who was neither a licensed tax attorney nor a certified public accountant. The $170 million sum far exceeded what Black paid other, formally qualified professional advisors.
The core of the new allegations is the use of the funds. The Senate Finance Committee's ongoing investigation uncovered evidence suggesting that the money transferred from Black's accounts to Epstein's entities, such as Southern Trust Company in the U.S. Virgin Islands (USVI), was utilized to finance Epstein's illicit network.
Settlement Acknowledges Funding
Adding weight to the claims, a $62.5 million settlement Black reached with the USVI included a crucial acknowledgment. The settlement states that "Jeffrey Epstein used the money Black paid him to partially fund his operations in the Virgin Islands."
This settlement provided Black, his attorneys, and agents criminal immunity from Epstein-related matters in the USVI. While a spokesman for Mr. Black has maintained that he "had no awareness of Epstein's criminal activity" and that all fees were for legitimate services, the explicit inclusion of the funding connection in the settlement has fueled calls for further federal investigation.
Bank Oversight Failure
The Finance Committee’s findings also highlighted a significant failure in the financial system. Investigators found that a major U.S. financial institution waited nearly seven years to report the large payments from Black to Epstein to the Treasury Department. This delay potentially violated federal anti-money laundering laws and suggests that banks "turned a blind eye" to suspicious activity involving ultra-wealthy clients.
Federal officials, including the Department of Justice and FBI, are now being urged to follow the money trail closely to better understand the full extent of the financing behind Epstein's sex trafficking ring and to hold all complicit individuals and institutions accountable.
The video Apollo's Leon Black Paid Jeffrey Epstein $158 Million discusses the initial report and the extraordinary amount of money Leon Black paid to Jeffrey Epstein
📰 Billionaire's $170 Million Payments to Epstein Under Fire: New Evidence Links Funds to Sex Trafficking 🚨
Washington, D.C. — The financial ties between billionaire financier Leon Black and convicted sex offender Jeffrey Epstein have intensified following new revelations indicating that Black's massive payments were used to partially fund Epstein's sex trafficking operations.
A report from the Senate Finance Committee, led by Ranking Member Ron Wyden, has significantly escalated the scrutiny, finding that the true amount Black paid Epstein totaled at least $170 million, an amount higher than previously reported. These payments were made between 2012 and 2017 for what Black’s representatives insist was legitimate tax and estate planning advice.
The Questionable Sum and Purpose
Critics have long questioned the enormous payments to Epstein, who was neither a licensed tax attorney nor a certified public accountant. The $170 million sum far exceeded what Black paid other, formally qualified professional advisors.
The core of the new allegations is the use of the funds. The Senate Finance Committee's ongoing investigation uncovered evidence suggesting that the money transferred from Black's accounts to Epstein's entities, such as Southern Trust Company in the U.S. Virgin Islands (USVI), was utilized to finance Epstein's illicit network.
Settlement Acknowledges Funding
Adding weight to the claims, a $62.5 million settlement Black reached with the USVI included a crucial acknowledgment. The settlement states that "Jeffrey Epstein used the money Black paid him to partially fund his operations in the Virgin Islands."
This settlement provided Black, his attorneys, and agents criminal immunity from Epstein-related matters in the USVI. While a spokesman for Mr. Black has maintained that he "had no awareness of Epstein's criminal activity" and that all fees were for legitimate services, the explicit inclusion of the funding connection in the settlement has fueled calls for further federal investigation.
Bank Oversight Failure
The Finance Committee’s findings also highlighted a significant failure in the financial system. Investigators found that a major U.S. financial institution waited nearly seven years to report the large payments from Black to Epstein to the Treasury Department. This delay potentially violated federal anti-money laundering laws and suggests that banks "turned a blind eye" to suspicious activity involving ultra-wealthy clients.
Federal officials, including the Department of Justice and FBI, are now being urged to follow the money trail closely to better understand the full extent of the financing behind Epstein's sex trafficking ring and to hold all complicit individuals and institutions accountable.
The video Apollo's Leon Black Paid Jeffrey Epstein $158 Million discusses the initial report and the extraordinary amount of money Leon Black paid to Jeffrey Epstein.
📰 Billionaire's $170 Million Payments to Epstein Under Fire: New Evidence Links Funds to Sex Trafficking 🚨
Washington, D.C. — The financial ties between billionaire financier Leon Black and convicted sex offender Jeffrey Epstein have intensified following new revelations indicating that Black's massive payments were used to partially fund Epstein's sex trafficking operations.
A report from the Senate Finance Committee, led by Ranking Member Ron Wyden, has significantly escalated the scrutiny, finding that the true amount Black paid Epstein totaled at least $170 million, an amount higher than previously reported. These payments were made between 2012 and 2017 for what Black’s representatives insist was legitimate tax and estate planning advice.
The Questionable Sum and Purpose
Critics have long questioned the enormous payments to Epstein, who was neither a licensed tax attorney nor a certified public accountant. The $170 million sum far exceeded what Black paid other, formally qualified professional advisors.
The core of the new allegations is the use of the funds. The Senate Finance Committee's ongoing investigation uncovered evidence suggesting that the money transferred from Black's accounts to Epstein's entities, such as Southern Trust Company in the U.S. Virgin Islands (USVI), was utilized to finance Epstein's illicit network.
Settlement Acknowledges Funding
Adding weight to the claims, a $62.5 million settlement Black reached with the USVI included a crucial acknowledgment. The settlement states that "Jeffrey Epstein used the money Black paid him to partially fund his operations in the Virgin Islands."
This settlement provided Black, his attorneys, and agents criminal immunity from Epstein-related matters in the USVI. While a spokesman for Mr. Black has maintained that he "had no awareness of Epstein's criminal activity" and that all fees were for legitimate services, the explicit inclusion of the funding connection in the settlement has fueled calls for further federal investigation.
Bank Oversight Failure
The Finance Committee’s findings also highlighted a significant failure in the financial system. Investigators found that a major U.S. financial institution waited nearly seven years to report the large payments from Black to Epstein to the Treasury Department. This delay potentially violated federal anti-money laundering laws and suggests that banks "turned a blind eye" to suspicious activity involving ultra-wealthy clients.
Federal officials, including the Department of Justice and FBI, are now being urged to follow the money trail closely to better understand the full extent of the financing behind Epstein's sex trafficking ring and to hold all complicit individuals and institutions accountable.
Tres Rivers
Investigative Journalist
Harp on the Truth