Epstein Secrets

ncial or other dealings between them; and (4) any statements made by or on behalf of Black or Apollo referring, relating to or characterizing either Black's or Apollo's relationship with Epstein. The Committee placed no restriction on Dechert's investigation. This memorandum summarizes Dechen's findings.

ement, Inc. ("Apollo") retained Dechert LLP ("Dechert") as independent counsel to conduct a thorough investigation into (1) the relationship between Leon Black ("Black") and Jeffrey Epstein ("Epstein"), including any financial, business or personal dealings between Black and any Black affiliate, on the one

"Apollo") retained Dechert LLP ("Dechert") as independent counsel to conduct a thorough investigation into (1) the relationship between Leon Black ("Black") and Jeffrey Epstein ("Epstein"), including any financial, business or personal dealings between Black and any Black affiliate, on the one hand, an

nning, trust formation, and philanthropy. As confirmed by both witnesses and the documentary evidence, Epstein played a central role in meeting with Black's family and explaining to them how Black's estate was organized and to encourage them to be more engaged in the planning process and philanthropy. D

cause for a series of tax years to address an apparent failure to file certain tax forms, including IRS Forms 8865, relating to Black's interests in BRH Holdings L.P., a partnership through which Black and the other Apollo co-founders hold their ownership interests in Apollo and related foreign partnerships; (3) a

roughly $1 billion in gift and estate taxes.' According to the report, Epstein also advised Black on a "step-up-basis transaction" designed to save Black's children approximately $600 million in taxes as well as other tax planning and compliance issues, including responding to audit inquiries from the

ed *tams *coati June 22, 2022 COMMITTEE ON FINANCE WASHINGTON, OC 20510-6200 I write seeking information regarding a business arrangement between Leon Black and Jeffrey Epstein. A report commissioned by the Conflicts Committee of Apollo Global Management ("Apollo") stated Epstein was paid $158 million b

nd Jeffrey Epstein. A report commissioned by the Conflicts Committee of Apollo Global Management ("Apollo") stated Epstein was paid $158 million by Black between 2012 and 2017 for services related to a variety of tax and estate planning matters, an amount that appears to far exceed that paid by Black

ause for a series of tax years to address an apparent failure to file certain tax forms, including IRS Forms 8865, relating to Black's interests in BRH Holdings L.P., a partnership through which Black and the other Apollo co-founders hold their ownership interests in Apollo and related foreign partnerships. Tha

02705481 LB Death/Disability Analysis - Slide 1 of 31 Akin Gump STRAUSS HAUER & FELD LLP Summary Flow Chart Regarding Certain Consequences of Mr. Black's Death or Disability (primarily pursuant to the Agreement Among Principals dated July 13, 2007 (the "AAP")) Mr. Black is healthy Mr. Black • ass

h of a Principal (including Mr. Black) Apollo may not be able to take actions requiring consent of all Principals - clause (iii), the dissolution of BRH Holdings L.P. or any actions that could result in non-pro rata treatment of a Principal, and likely clause (ii), delegation by the executive committee. After the