Private-equity mogul Leon Black agreed to pay $62.5 million to settle Epstein-related claims: report

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Private-equity mogul Leon Black agreed to pay $62.5 million to settle Epstein-related claims: report
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Leon Black agreed to pay $62.5 million to the Virgin Islands to be free from potential claims arising from a probe of sex-trafficking crimes by Jeffrey Epstein.

Leon Black, founder of private-equity giant Apollo Global Management, agreed to pay $62.5 million to the U.S. Virgin Islands earlier this year to be free from any potential claims arising from the territory’s three-year investigation into the sex trafficking crimes of the late disgraced financier Jeffrey Epstein, according to a Friday report.

The previously undisclosed settlement detailed Friday by the New York Times, which saw a copy of the agreement, came after the Virgin Islands reached a $105 million deal in November with Epstein’s estate. The next month, the territory sued JPMorgan Chase & Co. JPM in federal court over its 15-year relationship with Epstein, a registered sex offender who died by suicide while held in jail in 2019. The JPMorgan action was settled earlier this month.

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