Leon Black
Billionaire co-founder of Apollo Global Management. EFTA prosecution documents reveal $158 million in total payments to Epstein, including a step-up-basis trust scheme that generated $100+ million in tax savings. Three or more victims provided corroborating accounts of identical signature sexual violence. Despite forensic journal entries and witness testimony, SDNY never formally opened a case.
Morgan Stanley equity research (April 1, 2015) documents Apollo Global Management's cash distribution cycle showing firm had harvested 80% of investments (peak liquidity period). Report notes founder lockup expiration March 29, 2015—just 25 days after Black created GRAT trust March 4, 2015. Establishes Black's access to substantial liquid capital during period of alleged $158M payments to Epstein. Apollo distributed $2.33/share in cash performance fees in 2014, with continued distributions in 2015.
