Apollo co-founder Leon Black stepped down as CEO in 2021. Photo: REUTERS/Lucy Nicholson/File Photo. m (£48.6 million) will be exempt from Jeffrey Epstein's sex trafficking lawsuits.
According to The New York Times, Leon Black, who is accused of misconduct in connection with the activities of a pedophile financier, entered into a multi-million dollar deal to avoid a possible lawsuit.
The settlement was reached in January, according to a copy of the settlement agreement with the government of the Virginia islands at the request of public documents received by the Times.
Mr. Black, who is worth an estimated $10 billion, stepped down as Apollo's chief executive in 2021 after lawyers hired by a private equity firm concluded he paid Epstein $158 million for tax advice, help buying art, and other professional services. $0 million, Mr. Black also stepped down as chairman of the Museum of Modern Art in New York.
>The billionaire who co-founded Apollo in 1990 is «greatly sorry» for «paying Epstein for legal financial advisory services,» a spokesman for Mr. Black said in a statement Friday. celii in Epstein's private island estate.
Mr. Black denies wrongdoing.
In May, a New York State judge dismissed the lawsuit, accusing Mr. Black of defaming a woman by falsely claiming she tried to extort money from him after she accused him of raping him, which he denied.
However.
Black still faces a lawsuit from another woman, Cherie Pearson, who blamed him for raping her two decades earlier at Epstein's Manhattan mansion. Mr. Black denies any wrongdoing.
Attorneys for Sheri Pearson allege that the 71-year-old financier «raped her on the third floor of Jeffrey Epstein's Manhattan mansion» in 2002. She is seeking unspecified damages in the claims.
Epstein committed suicide in a cell in a Manhattan jail during her trial for sex trafficking in 2019. The financier was known for his network of contacts among bankers, politicians and investors, whom he hosted in his mansion and on a private island.
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