E125 - File 125 - Leon Black Paid Epstein $158 Million for 'Tax Advice.' Apollo's Board Let Him.

Billionaire Leon Black, co-founder of Apollo Global Management, paid Jeffrey Epstein approximately $158 million between 2012 and 2017 for what he described as tax and estate planning advice. This was after Epstein's conviction.

An Apollo-commissioned review found the payments were for 'legitimate' services, but Black stepped down as chairman anyway. This episode examines what $158 million in tax advice looks like, whether the payments match any reasonable professional fee structure, what Black and Epstein actually did together, and why Apollo's board approved these payments for years.

Sources for this episode are available at: https://epsteinfiles.fm/?episode=ep125

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