Apollo CEO Black Says He Regrets Ties To Epstein, Denies Any Wrongdoing

Reuters could not determine how long Black continued to wire money. Epstein, who was charged by federal prosecutors with sex trafficking last year, committed suicide in his New York City jail cell in August 2019, before his trial.

While Black’s business ties to Epstein were already known, the Times story outlined previously unreported payments, as well as socializing between the two financiers.

“I was completely unaware of, and continue to be appalled by, the reprehensible conduct that surfaced at the end of 2018 and led to the federal criminal charges brought against Mr. Epstein,” Black wrote to Apollo fund investors in a letter seen by Reuters.

An Apollo spokeswoman said that Black acted in a personal capacity and that the private equity firm had not done any business with Epstein. Apollo shares dropped 5.7% on Monday to close at $43.90.