Apollo’s Leon Black Paid Jeffrey Epstein $158 Million

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Jan.26 — A report released by law firm Dechert, commissioned by the board of investment firm Apollo Global Management Inc., found that its founder and chief executive officer Leon Black paid Jeffrey Epstein $158 million between 2012 and 2017 — after the sex offender pleaded guilty to felony charges in 2008 — for advisory services that helped expand the wealth of one of America’s richest men. Apollo said in a statement Monday that Black will retire as CEO no later than July 31, while remaining chairman. Bloomberg’s Tom Metcalf reports.

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