Leon Black’s $158 Million Sent to Epstein Draws Senate Probe (1)

The $158 million in payments that private equity titan Leon Black made to sex offender Jeffrey Epstein is under investigation by the US Senate Finance Committee, which is questioning whether the sum amounted to gifts for which Black owes taxes.

The probe, which hasn’t been previously reported, began a year ago after a 2021 report by the law firm Dechert LLP for Apollo Global Management Inc. revealed the scope of the payments. Black, the co-founder of Apollo, said he paid from 2012 to 2017 for Epstein’s advice on trust and estate planning, tax issues and the operation of his family ...