Billionaire financier Leon Black has come under fire following a report from The New York Times alleging Black paid at least $50 million to disgraced financier Jeffrey Epstein since 2008. While Black categorically denies any misconduct for his involvement with a convicted sex offender, the report raises many questions that are still unanswered.
In 2017, the company that owned Black’s yacht paid a whopping $22.5 million to a company that managed Epstein’s Gulfstream jet, The NYT reported. When a Deutsche Bank employee questioned the payment, she was informed it was a consulting fee for a service provided by Southern Trust Company, one of Epstein’s operations in the Virgin Islands. There was no explanation given as to why the money went to the company that managed the jet, according to the same report. (RELATED: More Billionaires Keep Getting Implicated In The Epstein Scandal)
Southern Trust Company was a “DNA data-mining and genetic research provider with a ‘financial arm,’” Epstein claimed. The company had no scientists on its staff and