{"id":31769,"date":"2020-10-13T08:47:45","date_gmt":"2020-10-13T12:47:45","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=31769"},"modified":"2020-10-13T08:47:45","modified_gmt":"2020-10-13T12:47:45","slug":"pedogate-really-why-did-leon-black-pay-jeffrey-epstein-50-million","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=31769","title":{"rendered":"PEDOGATE: Really, why did Leon Black pay Jeffrey Epstein $50 million?"},"content":{"rendered":"

Why Did Leon Black Pay Jeffrey Epstein $50 Million?<\/strong><\/h1>\n

ZeroHedge.com<\/p>\n

Billionaire Leon Black gave his longtime pal Jeffrey Epstein\u00a0$50 million dollars<\/strong>\u00a0after<\/em>\u00a0the deceased financier got out of prison for pedophilia.<\/p>\n

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The transfer of funds was made in at least two payments, one of which\u00a0Deutsche Bank flagged as unusual<\/strong>, according to the\u00a0New York Times,\u00a0<\/em>citing ‘two people familiar with the matter.’<\/p>\n

Epstein served as a director on the Leon Black Family Foundation for over a decade, and\u00a0also\u00a0<\/em>accepted a $10 million donation for his Gratitude America foundation from Black’s “BV70 LLC” charity.<\/p>\n

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“It is true that I paid Mr Epstein millions of dollars annually for his work<\/strong>,” said Black in a Monday letter responding to the\u00a0Times<\/em>\u00a0report. “It also is worth noting that all of Mr Epstein\u2019s 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.<\/p>\n

Black’s spokeswoman claims the two stopped communicating after a “fee dispute” in 2018, and that\u00a0Black “deeply regrets having any involvement with him.”<\/strong><\/p>\n

“There has never been an allegation by anyone, including The New York Times, that Mr Black engaged in any wrongdoing or inappropriate conduct,” she added.<\/p>\n

Black has previously said Epstein provided him with advice on ‘tax strategy, estate planning and philanthropy.’<\/p>\n

In August, US Virgin Islands attorney general Denise N. George notified a local court that she would issue civil subpoenas to Black, founder of Apollo Global Management, as well as several entities he’s tied to. The subpoenas sought\u00a0financial statements and tax returns – including those for Black Family Partners and Elysium Management<\/strong>\u00a0– which oversee some of Black’s $9 billion fortune.<\/p>\n

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Black and his entities\u00a0paid millions in fees to Epstein’s “Southern Trust Company,”\u00a0<\/strong>which he established in the Virgin Islands in 2013, according to the\u00a0Times<\/em>.<\/p>\n

Other subpoenas will go to Apollo as well as entities that help manage Black’s extensive art collection, according to an August report in the\u00a0Times<\/em>. It is unclear whether those subpoenas have been issued.<\/p>\n

In a 2019 letter to Apollo investors, Black claimed to have had a “limited relationship” with Epstein (who managed his family’s foundation), and was “completely unaware” of conduct claimed in new allegations against the pedophile.<\/p>\n

$50 million seems like a lot for someone he had a “limited relationship” with, while it remains unclear exactly what services Epstein performed for such a princely sum. The question everyone wants – or needs – answered, is just why did one of Wall Street’s all-powerful billionaires\u00a0who is surrounded by the biggest financial brains in the world 24\/7,\u00a0<\/em>pay an outsider for financial advice. We hope, but doubt, that Black will answer this question outside of a court of law.<\/p>\n

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\nhttps:\/\/www.zerohedge.com\/political\/why-did-leon-black-pay-jeffrey-epstein-50-million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Why Did Leon Black Pay Jeffrey Epstein $50 Million?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31769","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/31769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31769"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/31769\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}