Epstein Data Wiki

Leon Black

Properties2
tagsperson, finance, apollo-global-management, virgin-islands, deutsche-bank
aliasesLeon D. Black, Leon D Black

28 min read

OccupationFinancier; one of the three managing partners of Apollo Global Management1
Apollo rolesChairman and chief executive officer until March 21, 20212
Family officeElysium Management LLC, 445 Park Avenue, Suite 1401, New York34
Paid to Epstein$158 million for work performed 2012 through 20175
Lent to an Epstein entity$30.5 million in 2017, of which $10 million was repaid67
USVI settlement$62.5 million, January 20, 2023, without admission of liability8

Leon D. Black is an American financier and one of the three managing partners of Apollo Global Management, whose predecessor was founded in 1990; he was Apollo’s chairman and chief executive officer until March 21, 2021.12 Between 2012 and 2017 Black paid Jeffrey Epstein $158 million for advice on trusts and estates, tax, philanthropy and the running of Black’s family office, according to a report by Dechert LLP that Apollo’s conflicts committee commissioned in October 2020 and that Apollo filed with the Securities and Exchange Commission in January 2021.539 Most of that money was paid to Epstein’s Virgin Islands company Southern Trust Company, Inc., and Deutsche Bank set out the individual transfers in a chart circulated with its document production in August 2019.1011 Epstein had earlier been one of the initial directors of the Leon Black Family Foundation, from 1997 until he resigned in July 2007.1213 Black stepped down from Apollo two months after the Dechert report was published, and in January 2023 he agreed to pay the Government of the U.S. Virgin Islands $62.5 million to settle its claims relating to Epstein while expressly denying liability.28

Apollo Global Management

Apollo Global Management’s predecessor was founded in 1990, and its filings define its “managing partners” as Leon Black, Joshua Harris and Marc Rowan.1 A Dun and Bradstreet report of May 30, 2018 held in Deutsche Bank’s files lists Black as Apollo’s chairman and chief executive officer, with Harris and Rowan as senior managing directors.14 Black formed a family office in 2008 to manage his finances, trusts and estate planning; it began with a single employee and had about ten by 2014, and operated as Elysium Management LLC.153 Corporate records prepared for the family office in March 2015 list Black as the sole member of Elysium Management LLC and as its president, with Brad Wechsler as the second managing director.16

The Leon Black Family Foundation, 1997 to 2007

The Dechert report states that Black was introduced to Epstein in the mid-1990s by a mutual friend,12 that Black was impressed by Epstein’s connections in business, politics and science, and that in 1997 Black appointed Epstein one of the initial directors of the Black Family Foundation, established to facilitate the family’s charitable giving.12

An undated corporate record titled “Leon Black Family Foundation, Inc. Confirmation of Resignation of Jeffrey Epstein as a Director and a Member of the Executive Committee of the Foundation” describes the Foundation as a Delaware not-for-profit corporation and states:13

“The Foundation has been unable to locate either the signed original or a signed copy of the Resignation in its records, but hereby confirms that the Resignation was signed by Jeffrey Epstein and submitted to the Foundation in July 2007, and was also acknowledged to have been received by Debra Black, as Secretary of the Foundation, who signed the acknowledgement in July 2007.”13

The same record states that “the incorrect disclosure of Mr. Epstein as a Director of the Foundation in the Foundation’s Forms 990PF filed for each of the years ending 2007 through and including 2012 was an oversight by the Foundation’s tax accountants which was not noticed until 2013,” and that the Foundation agreed to indemnify Epstein against claims arising from the incorrect disclosure.13 The confirmation is signed by Leon Black as president, Debra R. Black as secretary and Jeffrey Epstein.13 The resignation form attached to it carries no signature and no date; the spaces for Epstein’s signature, for the date, and for Debra R. Black’s acknowledgement “Received on ______, 2007” are blank.17

The Dechert report gives a narrower range for the filing error.15 It states: “In mid-2007, Epstein resigned from the Black Family Foundation. However, due to an oversight, the IRS Form 990s filed for the Black Family Foundation during the period 2008-2012 failed to reflect his resignation. Following discovery of the error in or around 2013, the Black Family Foundation issued a confirmation of his earlier resignation.”15 Whether the Form 990PF for 2007 was among those in error is not settled by the two documents, which disagree on the point.1315

Retention of Epstein, 2012 to 2017

The agreements and the payments

The Dechert report states that Black did not engage Epstein to provide services until 2012, that Epstein’s first work was on a 2006 grantor retained annuity trust, and that legal counsel negotiated a written service agreement signed on February 13, 2013 between Black and Southern Trust Company, Inc., under which Epstein agreed to provide “services deemed appropriate by [Epstein] and Mr. Black in connection with” “estate planning matters in respect of Mr. Black’s assets and estate.”10 According to the report, Epstein told Black he generally charged clients $40 million a year but agreed to $23.5 million for the initial work, paid to Southern Trust Company, Inc. in two instalments: $15 million on February 15, 2013 and $8.5 million on October 15, 2013.10 A second service contract of about May 2013, negotiated but apparently never signed, provided for $56.5 million in five instalments over 2013 and 2014; the report says the arrangement was renegotiated in early 2014.10

YearPaid to EpsteinNote
2013$50,000,000Two agreements, one signed on February 13, one unsigned10
2014$70,000,000Ad hoc, without written service agreements10
2015$30,000,000Includes $20,000,000 attributed to the step-up basis transaction10
2016none”Black did not pay Epstein in 2016.”6
2017$8,000,000Final payment, April 2017, for tax advisory and compliance work6

The report gives the total as $158 million.5

“Black compensated Epstein for his work in amounts that were intended to be proportional to the value provided by Epstein. Those payments for work performed over the period 2012 through 2017 totaled $158 million. In 2013, payments were memorialized in signed and unsigned agreements. After that point, payments were made on an ad hoc basis based on Black’s perceived value of Epstein’s work.”5

It adds that “Dechert has seen no evidence suggesting that Black ever compensated Epstein for any service other than Epstein’s legitimate advice on trust and estate planning, tax issues, issues relating to artwork, Black’s airplane, Black’s yacht, and other similar matters, philanthropic issues, and the operation of the Family Office,” and that from 2013 through 2017 Black believed, because Epstein had told him so, that the payments would be fully deductible on his tax returns.56

What Epstein was retained to do

The report describes Epstein’s work as covering several areas.18 These were estate planning, including the 2006 grantor retained annuity trust and a later “step-up basis transaction”; tax planning, compliance and audit responses, among them Internal Revenue Service audit letters for the 2012 and 2013 tax years and unfiled Forms 8865 relating to Black’s interests in BRH Holdings L.P.; advice on Black’s artwork, yacht and aircraft; and the management of the family office, in which Epstein reviewed operations, interviewed candidates and recommended terminations.181920 It records that some witnesses described a “toxic and destructive work environment” under Epstein, and that Black believed, with witnesses generally agreeing, that Epstein’s advice “conferred more than $1 billion and as much as $2 billion or more in value to Black.”2122

Working papers in Epstein’s files match that description.2324 A list headed “Leon Black: Decisions Needed ASAP (Oct. 28, 2015)” runs to twenty-five numbered items covering cash needs, trustees, art partnerships, grantor retained annuity trusts, aircraft and boat restructuring, estate plan revisions and charitable pledges, each with a short instruction beside it.23 Epstein’s schedule for Wednesday, August 20, 2014 carries an entry reading “2:00pm Black Family Meeting at their new office,” followed by a redacted parenthetical; the two lines beneath it read “Elysium Management” and “445 Park Avenue, Suite 1401.”24

The personal relationship

The Dechert report describes the personal side of the relationship.25 Black and his wife visited Epstein in Paris once and at his New Mexico property once, Black visited him in Florida on one or two occasions and his Caribbean island twice with family, Black never stayed overnight at a property owned by Epstein, and Black recalls flying on Epstein’s aircraft once.25 A footnote records that at Epstein’s request Black and his wife flew two or more of Epstein’s adult guests from Santa Fe to California on Black’s plane.25

Transfers recorded by Deutsche Bank

On August 13, 2019, at 01:13 UTC, a director and associate general counsel in Deutsche Bank AG’s New York branch sent a message under the subject “Deutsche Bank Production - Transaction Charts,” attaching a file named “2019.8.12_-_Epstein_Account_Charts.docx” and saying, “Thank you for taking the time to speak with us earlier today regarding Deutsche Bank’s most recent document production. As discussed, attached please find several charts (excerpted below for ease of reference) containing details and Bates cites for the transactions we highlighted on the call.”11 The names in the To line are redacted; every transaction in the charts is cited to a Bates number in a “DB-SDNY” series.11 The first of the charts is headed “Exhibit A: Leon Black / Rothschild Group Transactions” and lists twenty-one transfers; the nineteen with a Black-affiliated sender or recipient are set out below.1126

DateSenderRecipientAmount11
10/15/2013Leon and Debra BlackSouthern Trust Company, Inc.$8,500,000
12/18/2013Black Family Partners, LP c/o Apollo ManagementSouthern Trust Company, Inc.$10,000,000
4/25/2014Leon and Debra BlackSouthern Trust Company, Inc.$5,000,000
4/25/2014Black Family Partners, LP c/o Apollo ManagementSouthern Trust Company, Inc.$5,000,000
4/29/2014Leon and Debra BlackSouthern Trust Company, Inc.$15,000,000
7/15/2014Narrow Holdings LLC c/o Elysium ManagementSouthern Trust Company, Inc.$20,000,000
10/16/2014Leon and Debra BlackSouthern Trust Company, Inc.$7,000,000
10/16/2014Black Family Partners, LP c/o Apollo ManagementSouthern Trust Company, Inc.$13,000,000
10/22/2014Leon and Debra Black c/o Apollo ManagementSouthern Trust Company, Inc.$2,000,000
10/22/2014Black Family Partners, LP c/o Apollo ManagementSouthern Trust Company, Inc.$3,000,000
10/13/2015Leon and Debra Black c/o Apollo ManagementSouthern Trust Company, Inc.$5,000,000
10/13/2015Black Family Partners, LP c/o Apollo ManagementSouthern Trust Company, Inc.$5,000,000
10/14/2015BV70 LLCGratitude America, Ltd.$10,000,000
12/18/2015Black Family Partners, LPSouthern Trust Company, Inc.$10,000,000
12/30/2015Leon and Debra Black c/o Apollo ManagementSouthern Trust Company, Inc.$10,000,000
3/31/2017BV70 LLCPlan D, LLC$22,500,000
4/17/2017BV70 LLCPlan D, LLC$8,000,000
4/25/2017Leon and Debra Black c/o Apollo ManagementSouthern Trust Company, Inc.$8,000,000
10/2/2018Plan D, LLCBV 70th LLC$10,000,000

A footnote to the last row states: “Please note that the account statement for this transaction lists the entity as ‘BV 70th LLC’ instead of ‘BV70 LLC.’”27 A separate footnote, attached to the chart of Gratitude America transactions, states: “The Gratitude America MMDA was primarily capitalized via a $10 million deposit from BV70 LLC. Bloomberg has reported that Leon Black controls BV70 LLC.”27 A further chart traces how that account was drawn down between 2016 and 2019, on charitable payments and on transfers between Gratitude America’s own accounts.28 The Dechert report records that Black made a $10 million donation to Gratitude America in October 2015, that Epstein twice made significant donations at Black’s request to the Melanoma Research Alliance, a foundation Black and his wife established, and that Black donated at Epstein’s request to the Massachusetts Institute of Technology, Harvard University, the Arizona State University Origins Project and the Peace Initiative Foundation.7 It adds that the investigation found a letter from Gratitude America thanking Black for a further $5 million donation in August 2015 but no record of the payment in Black’s or the family office’s papers or in bank records.7

An internal Deutsche Bank email of April 4, 2016 about a change of banking officer lists, on a single schedule of accounts, “Leon D. Black,” “Southern Trust Company,” “Southern Financial LLC” and “JEGE, Inc.”29

The 2017 loans

The Dechert report states that, separately from the payments for services, Black made two loans to Epstein in early 2017, of $22.5 million and $8 million, “structured as being made by BV70 LLC, an entity owned by Black, to Plan D LLC, an entity owned by Epstein,” payable on demand, intended to be short term and made in connection with an art transaction.6 Two guaranty letters in Epstein’s files confirm the structure.3031 One, dated April 17, 2017 and addressed to “BV70 LLC c/o Elysium Management LLC, 445 Park Avenue, Suite 1401, New York, NY 10022,” records Epstein, “a U.S. Virgin Islands resident with an address at 6100 Red Hook Quarter, B3, St. Thomas,” guaranteeing the obligations of “Plan D, LLC, a United States Virgin Islands limited liability company” under a demand promissory note of that date in the principal amount of $30,500,000.30 The other, dated April 2017 with the day left blank, guarantees a note in the principal amount of $8,000,000 on the same terms.31 Both letters describe BV70 LLC as a New York limited liability company and require any demand for payment to be copied to Darren K. Indyke.3031 The report states that Black demanded repayment in full in early 2018, that Epstein repaid $10 million, and that the balance was unpaid when Epstein died.7

The fee dispute

The Dechert report attributes the breakdown of the relationship to a dispute over the step-up basis transaction.32 Epstein claimed full credit for it and demanded $60 million, ten per cent of a perceived benefit of $600 million; Black’s counsel disputed both the origin of the idea and the way the saving had been quantified, and Black paid $20 million.32 A meeting with counsel from Paul, Weiss took place in April 2018, at which, the report says, it appeared the idea had originated with one of Black’s outside lawyers; Black made no further payments and severed relations by October 2018.32

A long letter from Epstein to Black sets out the same dispute from Epstein’s side.33 Its first two lines read “PLEASE READ CAREFULLY, and hopefully in the spirit in which it was sent” and “Our friendship is intact and solid, though, I must admit, it has taken a hit.”33 Of the completed transaction Epstein writes, “One in which you made over 600 million dollars -after tax,” and complains that Black “unilaterally changed our agreement.”33 On the following page he writes, “From day one I proposed to discount the fee as per our agreement to a 50 - 60 million range,” and, “you told me that after a number of conversations with Brad Karp that a total of only 20m would be paid,” asking that he, Black and Brad Karp “sit together if you think it would be helpful.”34 Much of the rest of the letter is a critique of the family office and of the two people who had run it.3334

Black entities named in the records

Corporate papers in the released files identify the ownership of the entities that appear as senders in the Deutsche Bank chart.416

  • Narrows Holdings LLC. An amended and restated limited liability company agreement, governed by New York law, lists Leon D. Black as Class A managing member (0.5 per cent), Class B managing member (0.5 per cent) and non-managing member (99 per cent), a total of 100 per cent, with the managing-member addresses given as “c/o Elysium Management LLC, 445 Park Avenue, Suite 1401, New York, New York 10022”; the signature page carries his name in all three capacities.4 A July 2012 email from Black’s family office to Epstein refers to a painting that “would otherwise be going into Narrow Holdings LLC, a New York LLC,” and asks whether Epstein’s recommendation was that it be held in a separate Delaware entity instead.35 A limited liability company agreement for “Narrow Holdings II LLC,” a Delaware company dated July 25, 2012, names Leon D. Black as initial member and manager with a 100 per cent interest at an Apollo Management address.36 Family office schedules describe art collections as held through Narrow Holdings, LLC.37
  • BV70 LLC. A March 2015 schedule of family entities lists BV70 LLC with “Member: Leon D. Black,” Debra R. Black as manager and president, Black as vice president, and a note that the family vehicles had recently been registered in the company’s name.16 The Deutsche Bank message cites Bloomberg’s report that Black controls BV70 LLC.27
  • Elysium Management LLC. The same schedule lists “Member: Leon D. Black,” managing directors Leon D. Black and Brad Wechsler, and Black as president.16 The Dechert report describes Elysium Management LLC as Black’s family office.3

A two-page schedule headed “TAX MATRIX” and marked “DRAFT 3/30/2016” is in the released files. It sets out entities in four columns, giving each a name, a tax status, a filing status and a comment. The tax statuses run from S corporation and partnership through grantor trust, disregarded entity and foundation; the filing column carries entries such as “RETURN FILED”, “RETURN AVAIL FOR REV”, “EXTENSION” and “PAY W/ EXTEN”; and among the values in the comments column are “NEED THIRD PARTY K-1’S”, “AWAIT FINAL VALUATION” and “READY FOR JEE REVIEW”.38

Which row that last comment belongs to is not established here. In the machine-read text the four columns are emitted one after another rather than row by row, so the schedule cannot be reassembled from it, and the page has not been read at the image.38 What the document shows without any reassembly is that a schedule of this family’s tax filings carried a comment naming Epstein by his initials as a reviewer, five months before the 2016 loans this page describes elsewhere.

Plan D, LLC, the recipient of the 2017 loans, is described in the guaranty letters as a Virgin Islands limited liability company and in the Dechert report as an entity owned by Epstein.306

Apollo, the report, and Black’s departure

The Dechert report opens by recording that in October 2020 Apollo’s conflicts committee retained the firm as independent counsel to investigate the Black-Epstein relationship and any relationship between Epstein and Apollo, with no restriction on the investigation; Dechert reviewed more than 60,000 documents from Black, Apollo, Elysium Management LLC and Paul, Weiss and interviewed more than twenty witnesses.339 Its first listed finding is that “Dechert has seen no evidence that Black or any employee of the Family Office or Apollo was involved in any way with Epstein’s criminal activities at any time. There is no evidence that Epstein ever introduced Black, or offered to introduce Black, to any underage woman.”39

The report also assessed Apollo’s and Black’s earlier public statements.40 It found that Black’s letter to Apollo’s limited partners of July 31, 2019 and his statements on Apollo earnings calls were substantially accurate, while noting two points of qualification: that Epstein’s Financial Trust Company had bought 263,257 shares in Apollo’s initial public offering in March 2011 through a directed share programme, shares that the documents suggest were transferred in 2013 to Southern Financial LLC and held through at least September 2019; and that Black, while not pressuring his co-founders to use Epstein, had at Epstein’s repeated request tried to introduce him to them.40

Apollo filed the report as Exhibit 99.1 to a Form 8-K on January 25, 2021, together with Black’s letter to limited partners of the same date.9 The same filing reported that on January 24, 2021 Black told the board’s executive committee that he intended to retire as chief executive officer “on or before July 31, 2021,” that Marc Rowan had been appointed to succeed him, and that Black would continue as chairman.9 A further Form 8-K reported that on March 21, 2021 Black “informed the Board that he has decided to step down from his position as Chief Executive Officer, Director and Chairman of the Board, and as a member of the executive committee of the Board, effective immediately,” that the decision “was not the result of any dispute or disagreement with the Company,” and that Rowan had formally assumed the role.2

Prosecutors and the Epstein files

An assistant U.S. attorney’s notes of a call on November 24, 2020 record that one of the Dechert attorneys conducting the Apollo internal investigation had contacted the office and described its mandate as understanding “what the relationship was between the two men and why Black was paying Epstein money.” The notes add that the attorney was asking whether anything publicly available would shed light on the relationship or on Epstein’s source of expertise, and “made clear he is not asking for SDNY to provide anything that is not public or would not be ordinarily accessible by third parties.”41 The call took place two months before the report was published.9

On February 24, 2021 a New York Times reporter wrote to the Southern District of New York’s press office: “so if you have not noticed i have written a good deal about the big fees that Leon Black paid Jeffrey Epstein for tax and estate planning that Dechert says may have save Black between $1 billion and $2 billion in taxes,” and asked whether the office was looking into the payments. The office’s chief public information officer forwarded the message internally with the comment, “I already told him we have no comment.”42 The Dechert report itself puts the figure as value conferred rather than tax saved.22

Allegations reported to prosecutors

Between 2021 and 2023 the U.S. Attorney’s Office for the Southern District of New York, the New York County District Attorney’s Office and lawyers acting for complainants who are not named in the released files exchanged correspondence about allegations of sexual assault against Black.43444546 In 2021 the Southern District asked the Federal Bureau of Investigation to interview a witness “in order to decide whether we should open an investigation.”43 On October 29, 2021 two assistant district attorneys wrote that their office was “investigating allegations of sexual abuse against Leon Black” and asked to speak to the federal prosecutor and agent.44 On January 21, 2022 the assistant U.S. attorney replied that the federal office had no current plans to conduct further interviews and that, if the district attorney’s office was still pursuing its own investigation, “we are not likely to open an other [sic] investigation.”44

Black has denied the allegations through counsel.47 CNN reported on August 4, 2023 that he had been publicly accused in three lawsuits, that he denied the allegations, and that his attorney had called one of the accusations “categorically false” and another “full of vicious and defamatory lies”; the third suit, CNN reported, was dismissed by a state judge.47 In the same article a spokesman for Black, Whit Clay, is quoted as saying: “As publicly reported, Mr. Black engaged and made payments to Jeffrey Epstein for legitimate financial advisory services, which based on everything now known, he very much regrets,” and that “there is no suggestion in the USVI settlement that Mr. Black was aware of or participated in any misconduct.”47 In the settlement itself Black expressly denied any liability or any violation of law.8

U.S. Virgin Islands settlement, January 2023

A Settlement Agreement and Release “entered into this 20th day of January, 2023, between the Government of the United States Virgin Islands … and Leon Black” recites: “WHEREAS, according to public reports, Black paid $158 million over approximately five years to Jeffrey Epstein’s Virgin Islands company, Southern Trust, for what Black contends was for services rendered and value received,” and “WHEREAS, Jeffrey Epstein used the money Black paid him to partially fund his operations in the Virgin Islands.”8

Under the agreement Black was to pay the Virgin Islands $62,500,000 in cash within sixty days, of which $15,000,000 was to go to a trust fund to be established by the government “to fund projects, services, counseling programs and activities, or mental health services and facilities for Virgin Islands residents or inhabitants.”8 In exchange the government released Black, his attorneys and agents and the private entities he owns or controls “from any and all claims and rights of any nature whatsoever … related to Jeffrey Epstein,” for acts occurring up to the date of execution.8 The release does not extend to JP Morgan Chase “or any other financial institution used by Black or Jeffrey Epstein,” nor to Epstein or his estate; it does not limit the rights of private parties, and Black agreed not to argue in any other action that the payment resolved any individual’s claims.8

The agreement provides that Black “is entering into this Agreement solely for the purposes of settlement, and nothing contained herein may be taken as or construed to be an admission by Black of any liability or of any violation of any law, regulation or local requirement, contractual obligation, or any duty whatsoever,” and that its terms “shall not be cited by any person as evidence of wrongdoing by Black.”8 It was signed for the government by Carol Thomas-Jacobs, acting attorney general of the U.S. Virgin Islands.8

Maxwell’s account

In an interview conducted by Deputy Attorney General Todd Blanche on July 24, 2025, Ghislaine Maxwell was asked about Black. She said she had met him and knew him: “because Leon Black is very good friends with other friends of mine. I would’ve met him, when I say socially, I might have met him. How Leon and Epstein became really good friends, I don’t — I’m not sure.” Asked whether the introduction had come through her, she said, “Not through me as far as I know. No. I — in fact, I’m — I’m sure that’s not through me.” Asked what work Epstein had done for Black, she answered, “Same as what he did for Wexner.”48 Later in the same session, listing from notes the Epstein clients she could remember, she gave “one is Wexner, two is Staley, three is Leon Black.”49

Named in the House record

On August 31, 2026 Representative Thomas Massie of Kentucky was recognised for one minute in the House of Representatives, under the heading “Bring Epstein Perpetrators to Justice.” He said that a year after the Epstein Files Transparency Act was signed “the government continues to withhold over 3 million files,” and that a second bill, the Epstein Files Transparency Act II, had been introduced. He then said: “We want perpetrators of these crimes to be investigated and prosecuted, men like:” and read a list of thirteen men and one woman, among them Leon Black, closing: “Perhaps hearing these names will shame the Department of Justice into delivering justice.”50 The other thirteen names are not reproduced here. This is a Member’s statement made under privilege on the floor of the House. It is not a charge, a referral, an indictment or a finding, and being named in it is not evidence of anything. No response from Black to these remarks appears in the sources cited on this page.

Coverage

  • Bloomberg, August 6, 2019: Tom Metcalf, “Jeffrey Epstein’s Endgame: One Last Shot to Stay in Wall Street’s Favor,” cited by Deutsche Bank’s counsel for the statement that Black controls BV70 LLC.27
  • The Wall Street Journal, July 25, 2019: “Jeffrey Epstein Burrowed Into the Lives of the Rich and Made a Fortune,” which reported that Black asked Marc Rowan to attend a meeting at Epstein’s house; the text was circulated inside Deutsche Bank the following day.51
  • The New York Times: a reporter wrote to the Southern District of New York in February 2021 that he had “written a good deal about the big fees that Leon Black paid Jeffrey Epstein for tax and estate planning.”42
  • Reuters, July 21, 2023, on the Virgin Islands settlement, six months after it was signed; the article was linked in a letter to prosecutors the same evening.46
  • CNN Business, August 4, 2023: Samantha Delouya, “Leon Black agrees to pay $62.5 million to avoid Jeffrey Epstein-related lawsuits in the US Virgin Islands,” carrying statements from a spokesman and from counsel for Black.47

Footnotes

  1. Apollo Global Management, LLC, Form 10-K for the year ended December 31, 2011, filed March 9, 2012; “predecessor was founded in 1990” at Note 1 to the financial statements; “managing partners” defined as Leon Black, Joshua Harris and Marc Rowan. https://www.sec.gov/Archives/edgar/data/1411494/000119312512107084/d281180d10k.htm ↩ ↩2 ↩3

  2. Apollo Global Management, Inc., Form 8-K filed March 22, 2021, Item 5.02, “Departure of Directors or Certain Officers.” https://www.sec.gov/Archives/edgar/data/1411494/000119312521088432/d114836d8k.htm ↩ ↩2 ↩3 ↩4

  3. Dechert LLP memorandum to the Apollo Conflicts Committee, January 22, 2021, p.1. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4 ↩5

  4. Narrows Holdings LLC, Amended and Restated Limited Liability Company Agreement, signature page and Schedule A. https://epstein-data.com/EFTA01201497 pp.38-39. ↩ ↩2 ↩3

  5. Dechert memorandum, p.4. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4 ↩5

  6. Dechert memorandum, p.17. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  7. Dechert memorandum, p.18. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4

  8. Settlement Agreement and Release between the Government of the United States Virgin Islands and Leon Black, January 20, 2023. https://epstein-data.com/EFTA00155032 pp.2-4. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  9. Apollo Global Management, Inc., Form 8-K filed January 25, 2021 (event January 24, 2021), Items 5.02, 7.01 and 9.01. https://www.sec.gov/Archives/edgar/data/1411494/000119312521016405/d118102d8k.htm ↩ ↩2 ↩3 ↩4

  10. Dechert memorandum, p.16. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  11. Justin Alfano, Deutsche Bank, “Deutsche Bank Production - Transaction Charts,” August 13, 2019, 01:13 UTC, Exhibit A at pp.1-2. https://epstein-data.com/EFTA00080250 ↩ ↩2 ↩3 ↩4 ↩5

  12. Dechert memorandum, p.5. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3

  13. Leon Black Family Foundation, Inc., “Confirmation of Resignation of Jeffrey Epstein as a Director and a Member of the Executive Committee of the Foundation,” undated. https://epstein-data.com/EFTA00296358; executed copy at https://epstein-data.com/EFTA00590922 p.1. ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  14. Dun’s Market Identifiers Plus report on Apollo Global Management, LLC, May 30, 2018, in Deutsche Bank’s file. https://epstein-data.com/EFTA01358937 ↩

  15. Dechert memorandum, p.6. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3 ↩4

  16. Schedule of Black family entities, their members and officers, and their signing authorities, dated March 23, 2015. https://epstein-data.com/EFTA00599517 pp.2-3. ↩ ↩2 ↩3 ↩4

  17. “Leon Black Family Foundation, Inc., Resignation of Director and Member of the Executive Committee,” attached to the confirmation, unsigned and undated. https://epstein-data.com/EFTA00590922 p.2. ↩

  18. Dechert memorandum, pp.9-11. https://epstein-data.com/EFTA02730996 ↩ ↩2

  19. Dechert memorandum, p.12. https://epstein-data.com/EFTA02730996 ↩

  20. Dechert memorandum, pp.13-14. https://epstein-data.com/EFTA02730996 ↩

  21. Dechert memorandum, p.15. https://epstein-data.com/EFTA02730996 ↩

  22. Dechert memorandum, p.3. https://epstein-data.com/EFTA02730996 ↩ ↩2

  23. “Leon Black: Decisions Needed ASAP (Oct. 28, 2015).” https://epstein-data.com/EFTA00305986 pp.1-2. ↩ ↩2

  24. Epstein’s calendar for August 2014, entry for Wednesday, August 20. https://epstein-data.com/EFTA00284895 p.3. ↩ ↩2

  25. Dechert memorandum, p.8. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3

  26. The chart as a separate attachment, same Exhibit A content. https://epstein-data.com/EFTA00027019 ↩

  27. Footnotes 1 and 8 and the sender’s signature block, Deutsche Bank transmittal, pp.9-10. https://epstein-data.com/EFTA00080250 ↩ ↩2 ↩3 ↩4

  28. Exhibit E, transactions involving the Gratitude America money market deposit account, Deutsche Bank transmittal, pp.8-9. https://epstein-data.com/EFTA00080250 ↩

  29. Deutsche Bank internal email, “Banking Officer change,” April 4, 2016, account schedule at p.4. https://epstein-data.com/EFTA01402571 ↩

  30. Jeffrey Epstein guaranty to BV70 LLC, April 17, 2017, demand promissory note of $30,500,000. https://epstein-data.com/EFTA00594105 p.1. ↩ ↩2 ↩3 ↩4

  31. Jeffrey Epstein guaranty to BV70 LLC, April 2017, demand promissory note of $8,000,000. https://epstein-data.com/EFTA00583120 p.1. ↩ ↩2 ↩3

  32. Dechert memorandum, pp.19-20. https://epstein-data.com/EFTA02730996 ↩ ↩2 ↩3

  33. Undated letter from Epstein to Black, first page. https://epstein-data.com/EFTA00285298 p.1. ↩ ↩2 ↩3 ↩4

  34. Same letter, second page, which reproduces a forwarded email of April 15, 2015. https://epstein-data.com/EFTA00285298 p.2. ↩ ↩2

  35. Email from Black’s family office to Epstein, July 10, 2012. https://epstein-data.com/EFTA00939374 ↩

  36. Limited Liability Company Agreement of Narrow Holdings II LLC, dated July 25, 2012. https://epstein-data.com/EFTA00600680 pp.8, 22. ↩

  37. Schedule of notes and loans payable in a personal financial statement for applicant Leon D. Black, listing a Bank of America loan for art purchases secured on “Art Collections held through Narrow Holdings. LLC”. https://epstein-data.com/EFTA00605904 p.16. ↩

  38. “TAX MATRIX,” marked “DRAFT 3/30/2016,” two pages. The column values quoted here are read from the machine-read text, which emits each column in full before the next, so no value is attributed to a particular row. https://epstein-data.com/EFTA00590572 pp.1-2. ↩ ↩2

  39. Dechert memorandum, p.2. https://epstein-data.com/EFTA02730996 ↩ ↩2

  40. Dechert memorandum, pp.20-22. https://epstein-data.com/EFTA02730996 ↩ ↩2

  41. Assistant U.S. Attorney, Southern District of New York, “Notes from 11/24 call with Dave Kelley,” November 24, 2020. https://epstein-data.com/EFTA00017819 ↩

  42. Matthew Goldstein, New York Times, to the U.S. Attorney’s Office for the Southern District of New York, February 24, 2021, forwarded internally the same day. https://epstein-data.com/EFTA00077262 ↩ ↩2

  43. Southern District of New York email thread, “Spinoff interview from Maxwell,” spring to August 2021. https://epstein-data.com/EFTA02731604 pp.2-3. ↩ ↩2

  44. New York County District Attorney’s Office and Southern District of New York, email thread, October 29, 2021 to January 21, 2022. https://epstein-data.com/EFTA02731583 pp.1, 3. ↩ ↩2 ↩3

  45. Same thread, continued to February 28, 2023. https://epstein-data.com/EFTA02731587 p.3. ↩

  46. Counsel for complainants to the U.S. Attorney’s Office for the Southern District of New York, “Leon Black follow up,” July 21, 2023, forwarded within the office on July 24. https://epstein-data.com/EFTA02731648 pp.2-3. ↩ ↩2

  47. Samantha Delouya, “Leon Black agrees to pay $62.5 million to avoid Jeffrey Epstein-related lawsuits in the US Virgin Islands,” CNN Business, August 4, 2023. https://www.cnn.com/2023/08/04/business/leon-black-settles-virgin-islands-jeffrey-epstein-claims ↩ ↩2 ↩3 ↩4

  48. United States Department of Justice, interview of Ghislaine Maxwell, July 24, 2025, transcript pp.63-64. https://epstein-data.com/DOJ-OGR-00022393 pp.63-64. ↩

  49. Same interview, transcript p.70. https://epstein-data.com/DOJ-OGR-00022393 p.70. ↩

  50. Congressional Record, August 31, 2026, p.H5349, “Bring Epstein Perpetrators to Justice” (Mr. Massie). https://www.govinfo.gov/content/pkg/CREC-2026-08-31/html/CREC-2026-08-31-pt1-PgH5349-3.htm ↩

  51. “Jeffrey Epstein Burrowed Into the Lives of the Rich and Made a Fortune,” Wall Street Journal, July 25, 2019, circulated inside Deutsche Bank on July 26. https://epstein-data.com/EFTA01410768 pp.1, 10. ↩

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