Black Reveals Epstein Fraud Loss

US News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 1m

Former Apollo CEO Leon Black stunned lawmakers by revealing he was allegedly defrauded by Jeffrey Epstein of over $60 million, claiming Epstein misled him into believing advisory fees were nearly tax-free—when in fact he paid the full $158 million. Black described Epstein as a manipulative figure who initially appeared sophisticated and trustworthy, advising him for years before their relationship ended in 2018. Now, as the House probe deepens, Black insists he had no knowledge of Epstein’s crimes and denies any involvement in trafficking or abuse. His explosive testimony could reshape the…