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Apollo's Leon Black says Jeffrey Epstein duped him
CNBC • • general
Key Points:
- Former Apollo CEO Leon Black refused to answer questions about non-disclosure agreements (NDAs) related to Jeffrey Epstein during testimony before the House Oversight Committee, prompting two subpoenas from Chairman Rep. James Comer.
- Black praised Epstein's financial skills in a prepared statement, claiming Epstein helped solve complex estate issues but denied any knowledge of Epstein's sexual abuse or involvement in sex trafficking.
- Committee Democrats criticized Black's behavior during the hearing, with some calling his departure mid-interview "telling" and questioning his credibility.
- Black admitted being misled by Epstein about financial fees, stating he paid Epstein over $60 million under the false belief the fees were tax-deductible, which later proved untrue.
- Black's lawyer condemned the subpoenas as politically motivated, reiterating that Black never engaged in or had knowledge of Epstein's criminal conduct.
