Billionaire Limited Founder Les Wexner Says The Late Jeffrey Epstein Misappropriated Vast Sums Of Money From Wexner S Fortune

The letter went on to say: “This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now.” It is not known how much money it is believed that Epstein mismanaged. Tax records indicate that in 2008, Epstein made a $46 million donation to one of Wexner’s charitable funds. In the letter, Wexner indicated that the $46 million was just a “portion” of the amount Epstein mishandled. Wexner also said that every dollar of Epstein’s contribution originally belonged to the Wexner family. Wexner gave Epstein power of attorney in 1991, which essentially handed the keys to the kingdom to him. Epstein had nearly total control of Wexner’s financial affairs for more than a decade. He could sign checks, borrow money on Wexner’s behalf, buy and sell properties, and hire people. Wexner was one of the few known clients of Epstein’s financial management business. In a 2002 lawsuit, Wexner and Epstein were described as “close personal friends.” However, the friendship ended when charges of sexual misconduct against Epstein surfaced. In a memo to L Brands employees last month, Wexner wrote that he “regretted” ever crossing paths with Epstein. He claims he “completely severed” all ties with Epstein 12 years ago. Jeffrey Epstein was arrested in July and charged with sex trafficking and conspiracy to commit sex trafficking of girls as young as 14. He has pleaded not guilty. If he was to have been convicted, he faced up to 45 years in prison. He was also denied bail and deemed a flight risk, so he was biding his time in jail until his trial.