#Finance
11 entries tagged Finance.
People (3)
- Leon Black Co-founder of Apollo Global Management who paid Jeffrey Epstein about 158 million dollars between 2012 and 2017 for tax and estate-planning structures that a Senate investigation said helped avoid more than a billion dollars in gift and estate taxes, and who resigned from Apollo in 2021 over the relationship.
- Leslie Wexner Founder of The Limited and L Brands who granted Jeffrey Epstein power of attorney over his fortune in 1991 and later said Epstein misappropriated vast sums from him.
- Steven Hoffenberg Founder of Towers Financial Corporation who pleaded guilty in 1995 to a roughly 475 million dollar Ponzi scheme and later claimed Jeffrey Epstein helped architect the fraud, a claim for which Epstein was never charged.
Organizations (8)
- Apollo Global Management Private-equity and credit firm founded in 1990 by Leon Black and other Drexel Burnham Lambert alumni, whose co-founder's roughly 158 million dollars in payments to Jeffrey Epstein triggered an independent review, Black's 2021 resignation, and a Senate investigation.
- Bank Leumi Bank Leumi is Israel's oldest and one of its largest banks, whose American branch board included Walworth Barbour, former U.S. Ambassador to Israel, after his 1973 retirement.
- Banque Worms Banque Worms was a bank in Geneva, Switzerland, that played a role in the financial transactions related to Israel arms sales to Iran and the release of USA hostages.[^1]
- Drexel Burnham Drexel Burnham was the investment bank where Michael Milken built his junk-bond empire, and whose financial infrastructure was used by the Iran-Israel Joint Committee slush fund to finance covert activities.
- Israel Bond Organization The Israel Bond Organization is a financial institution that raises funds for the State of Israel through the sale of Israel Bonds.
- Pergamon Press Trust Fund The Pergamon Press Trust Fund was a financial entity in Moscow that held funds related to covert operations.
- Towers Financial Corporation Manhattan debt-collection and securities firm run by Steven Hoffenberg that collapsed in 1993 and was prosecuted as a roughly 475 million dollar Ponzi scheme, with Jeffrey Epstein documented as a consultant.
- Valley National Bank of Arizona Valley National Bank of Arizona, based in Phoenix, was used as a financial conduit in transactions connected to Israeli arms sales and negotiations over the release of American hostages.