Leon Black told the House Oversight Committee on Friday that he had no knowledge of Jeffrey Epstein’s crimes during the years he paid the convicted sex offender tens of millions of dollars, according to a copy of the billionaire investor’s prepared remarks.
“I don’t understand why people — including members of this committee — would accept baseless speculation about me without regard to the facts and spin such ugly and vicious narratives that are demonstrably false,” Black said in his opening statement, obtained by POLITICO.
Lawmakers, however, filed into Black’s scheduled transcribed interview Friday morning already suspicious of their witness. House Oversight Chair James Comer (R-Ky.) told reporters he believed Black’s testimony had “the potential to be the most groundbreaking” of anything the panel has heard so far in its long-running Epstein investigation.
Comer also said the committee had reason to believe that Black had signed nondisclosure agreements with some of Epstein’s victims.
Black, a co-founder of Apollo Global Management, did acknowledge in his prepared remarks that he was aware of Epstein’s 2008 sex crime conviction at the time of their association but that “Epstein told me that it was an isolated incident resulting from a fake ID.”
“Five years after his conviction, I gave Epstein a second chance, as did many others,” he continued. “I wish I had not.”
Black also told lawmakers that he knew Epstein for 18 years before he began paying him in 2013 for tax and estate planning. At that time, Black said, he saw Epstein surrounded by some of the world’s most powerful people — among them former President Bill Clinton, tech mogul and philanthropist Bill Gates and then-White House counsel Kathy Ruemmler.
And he appeared to suggest that he saw Epstein as legitimate, in part, because of those who chose to associate with him: “Epstein appeared to me and to many others to have redeemed himself: [H]e served on several prestigious boards, hobnobbed with leading people in academia, the arts, business executives, and numerous world leaders.”
Clinton and Gates have already spoken with Oversight investors about their ties to Epstein; Ruemmler has agreed to sit for an interview with the panel in July.
Black said he ultimately fired Epstein in 2018 “after growing tired of his relentless pursuit of more and more money from me for professional services, his mistruths and misrepresentations … and his failure to repay most of a $30 million demand loan that I had made to him.”
He also acknowledged the allegations of sexual misconduct that have been levied against him in litigation, which he called “demonstrably baseless” and “entirely fabricated.”
In one recent case, the judge found that the law firm that had been representing Black’s accusers and the plaintiff in the case were “engaged in serious, sanctionable misconduct in this case.” However, the lawsuit — brought by a woman who claimed to have been raped by Black when she was 16 — was allowed to proceed.
“There are numerous allegations of real abuse by women — by survivors — against Mr. Black,” Rep. Robert Garcia of California, the top Democrat on the Oversight panel, told reporters Friday morning.
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