EFTA02731023.pdf

"The Dechert report indicated that you paid Epstein $158 million between 2012 and 2017 for his advice on several tax and estate planning matters."

"As Chairman of the Senate Finance Committee (the Committee), I write regarding the Committee's investigation"

"on June 22, 2022, the Committee initiated an investigation into your business arrangement with Epstein."

"findings of the Apollo board's review, compiled in a report prepared by the law firm Dechert LLP (the Dechert report)... indicated that you paid Epste"

"Epstein's indictment in federal court on sex trafficking charges involving the exploitation and abuse of dozens of underage girls."

"why you were willing to pay Epstein over $100 million without a written services agreement or contract."

"compensation paid by Leon Black to Epstein far exceeded any amounts Black paid to his other professional advisors."

"Memorandum submitted on behalf of Leon Black by Paul, Weiss, Rifkind, Wharton & Garrison LLP to Senator Ron Wyden"

"allowed you to keep the assets in the 2006 GRATs outside of your taxable estate."

"your ownership of Apollo holdings while avoiding gift and estate taxes"

"contributed to your decision to terminate your professional relationship with Mr. Epstein"

"Memorandum submitted on behalf of Leon Black by Paul, Weiss, Rifkind, Wharton & Garrison LLP"

"Memorandum submitted on behalf of Leon Black by Paul, Weiss, Rifkind, Wharton & Garrison LLP to Senator Ron Wyden, Chairman, Senate Finance Committee"

"amount of income distributable to Mr. Black under the trust agreement"

"According to the Dechert report, you paid Epstein $158 million between 2012 and 2017, an amount that seems inexplicably high based on currently availa"

"Black agreed to pay Epstein $20 million rather than the $60 million demanded by Epstein."

"This request asked for documents related to the $70 million Epstein was paid in 2014"

"and the $30 million was paid in 2015"

"Memorandum submitted on behalf of Leon Black by Paul, Weiss, Rifkind, Wharton & Garrison LLP"

"In total, Black paid Epstein $70 million in 2014 and $30 million in 2015."

"In total, Black paid Epstein $70 million in 2014 and $30 million in 2015."

"During that same period, you paid Epstein $158 million."

"Ron Wyden United States Senator Chairman, Committee on Finance"

"Ron Wyden United States Senator"

"Please provide a list of art sales valued at over $1 million Epstein assisted you with."

"Epstein's extraordinary compensation scheme, which involved amounts that far exceeded those paid to other professional advisors involved in your tax a"

"Epstein offered a proprietary solution that helped address this problem and allowed you to keep the assets in the 2006 GRATs outside of your taxable e"

"any entities you are affiliated with, including your family office (Elysium Management LLC)"

"this is an extraordinary amount to pay any consultant or attorney, particularly without a formal services agreement or contract"

"Black retained Epstein to advise Black and the Family Office on a variety of topics related to trust and estate planning, tax issues, philanthropic en"

"art sales valued at over $1 million Epstein assisted you with"

"a grantor trust you created in 2006 to transfer assets to your children while avoiding approximately $1 billion in gift and estate taxes."

"avoiding gift and estate taxes on the transfer of enormous wealth to your children."

"Epstein proposed that the trustees of the trust prepare an accounting to ascertain the amount of income that was distributable to you under the remain"

"retained established trust and estate lawyers from Weil Gotshal and Paul Weiss to devise a solution."

"it was at this point that Epstein allegedly proposed a solution, which involved a mutual release of claims by and between you and the trustees of the "

"Epstein played an instrumental role in completing it"

"you have refused to answer or provide information regarding several important tax-related questions arising from this transaction"

"your private art collection, which your outside counsel confirmed in a briefing has a value of more than $1 billion."

"the written service agreement you entered into with Epstein on February 13, 2013"

"outside counsel to Leon Black at Paul, Weiss, Rifkind Wharton & Garrison LLP"

"you retained Epstein to advise you and your Family Office on a variety of topics"

"art sales valued at over $1 million Epstein assisted you with"

"Black was under the misconception that his payments to Epstein would be tax deductible ('sixty cent dollars') because this is what Epstein had told Bl"

"Committee seeks information on Epstein's participation in structuring trusts and other complex transactions designed to avoid federal gift and estate "

"you retained voting control of shares in Apollo and its partnerships"

"The Committee is conducting several investigations into the means by which ultra-high net worth persons avoid or evade paying federal taxes, including"

"The Committee remains concerned about the payments to Epstein in amounts that would represent a highly unusual compensation scheme."