Breaking: Leon Black paid $150 million to Jeffrey Epstein – more than twice as much as was previously known. Following an attempted boardroom coup, he will step down as CEO of private-equity firm Apollo. @MattGoldstein26 @katierosman nytimes.com/2021/01/25/bus…
The $150M figure means Leon Black was almost singlehandedly supporting Epstein for years before he died.
This news is a direct result of 18+ months of dogged reporting by @nytimes @MattGoldstein26, whose stories led Apollo to launch an outside review of Black’s ties to Epstein.
This news is a direct result of 18+ months of dogged reporting by @nytimes @MattGoldstein26, whose stories led Apollo to launch an outside review of Black’s ties to Epstein.
In particular, this front-page story in October – which showed Black had secretly provided at least $75M to Epstein – led to an outcry among some of Apollo’s clients and prompted the company's board to open an investigation. nytimes.com/2020/10/12/bus…
You will see other news organizations reporting on Black resigning after its review concluded he didn't do anything wrong.
Keep in mind that Apollo appears to be releasing this news now because it knew @nytimes was about to publish a story about Black's huge Epstein payments.
Keep in mind that Apollo appears to be releasing this news now because it knew @nytimes was about to publish a story about Black's huge Epstein payments.
This kind of reporting is hard and takes a long time.
https://twitter.com/mattgoldstein26/status/1353835864946847744
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