Apollo Global Management and founder Leon Black have deployed a wide range of excuses and explanations for his sustaining and certainly strengthening his relationship with convicted pedophile Jeffrey Epstein even after stated conviction, albeit earlier than the true extent of his horrors turned the topic of a second indictment: Apollo had nothing to do with Epstein. Black’s relationship with the sex offender was purely a professional services one. His go to to Epstein’s private sex-trafficking island was merely for a picnic along with his household unit and positively not for any of the issues most individuals traveled there for. If solely he had recognized all the gross stuff Epstein was as much as, and never simply a few of it, he’d by no means have saved up the tit-for-tat charitable donations and the remainder of it.
Yesterday, Black needed to do some extra explaining on Apollo’s quarterly earnings call. Even although these earnings had been quite bad, nobody cared however to listen to the non-public fairness legend discuss what the hell he was considering. And, basically, Black’s reply was, “everyone was doing it.”
Mr. Black, who co-founded Apollo in 1990, stated Thursday he met Epstein round 1996 when Epstein was advising numerous outstanding purchasers on estate-tax planning. The adviser had been named a trustee of Rockefeller University and served on the Council on Foreign Relations and the Trilateral Commission.
In his community had been “luminaries I respected and admired, including several heads of state, heads of prominent families in finance, a U.S. treasury secretary, accomplished business leaders, Nobel laureates, acclaimed academicians and noted philanthropists,” Mr. Black stated….
After his launch, Epstein went again to his financial-advisory work and as soon as once more started associating with outstanding individuals from finance, academia, science, know-how and authorities, Mr. Black stated…. “Like many other people I respected, I decided to give Epstein a second chance,” he stated Thursday. “This was a terrible mistake. I wish I could go back in time and change that decision, but I cannot.”