A second billionaire appeared poised to face the same grueling legal scrutiny that had already ensnared figures like Lex Wexner and Bill and Hillary Clinton.
Leon Black, the co-founder of Apollo Global Management, was scheduled to sit for an hours-long deposition on March 26. But the night before, Bank of America quietly resolved the case.
He walked away from the courthouse without answering a single question under oath, leaving the public none the wiser about why he transferred $170 million to convicted sex offender Jeffrey Epstein.
What $72.5 Million Bought
Bank of America agreed last week to a $72.5 million payout to Epstein’s victims, joining JPMorgan Chase and Deutsche Bank in a series of settlements that now total over half a billion dollars.
The formula was the same every time: write the check, admit nothing, and close the case.
But this case differed in one key way: Leon Black was the focal point. Court documents described him as a “critical witness,” alleging he sent $170 million from Bank of America accounts to Epstein under the guise of “tax and estate planning advice.” According to the victims’ attorneys, those transfers were “the primary means by which the sex-trafficking venture was funded.”
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