Economy

Sex accused Epstein 'misappropriated vast sums' from Victoria's Secret mogul

Sex accused Epstein 'misappropriated vast sums' from Victoria's Secret mogul”

The billionaire behind the Victoria's Secret lingerie chain has said that financierand accused child abuser Jeffrey Epstein "misappropriated" more than $46m of his personal fortune, according to a report. OH billionaire Leslie Wexner said in a letter Wednesday, Aug. 7, 2019 that he recovered "some of the funds" but severed ties with Epstein in 2007 as sexual abuse allegations first surfaced against him in Florida.

Wexner indicated that some misappropriated money had been repaid, and tax documents indicate that the repayments were $46 million, according to the Wall Street Journal, which first reported the letter.

"This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now", Wexner wrote.

On July 16, Wexner made his first comments on Epstein in an internal memo to L Brands employees in which the chairman explained he was "NEVER aware" of Epstein's illegal activity and that his sympathy goes out to the victims.

Add wrongly taking almost $50 million from billionaire Leslie Wexner to the growing list of allegations facing sex offender, and recently arrested, financier Jeffrey Epstein.

By most accounts, the answer lies partly in Epstein's relationship with Wexner, and the letter lays out Wexner's account of how the two became entangled as friends and business associates. In the letter, Wexner also noted that the amount was only a portion of the funds that Epstein had allegedly misappropriated. But L Brands has hired an outside law firm to look into possible ties between Epstein and L Brands.

In their years working together, Epstein obtained a NY mansion, a private plane, and a luxury estate in Ohio-which were previously owned by Wexner or his companies.

Wexner, who founded Columbus, Ohio-based L Brands in 1963 and remains CEO of the publicly traded company, had previously said he cut ties to Epstein 12 years ago and that he now regrets the relationship.

Epstein is facing charges of sex trafficking involving dozens of underage girls.

"I am embarrassed that, like so many others, I was deceived by Mr. Epstein", Wexner wrote.

A tentative trial date for the high-profile case was set for June 2020 at the earliest, by U.S. District Judge Richard Berman during a brief court hearing in a Manhattan federal court. In making the announcement, DeSantis said, "Floridians expect and deserve a full and fair investigation".

Acosta was the U.S. attorney in Miami when he oversaw a non-prosecution agreement for Epstein in 2008.



Like this

loading...
loading...

Latest


09 August 2019
Chris Davis is restrained in Orioles-Yankees dugout blowup
Davis and his skipper had to be separated as tempers flared after it appeared Hyde said something Davis was unhappy with. They've been one of the worst teams in Major League Baseball this season and finished play Wednesday with a 38-76 record.

09 August 2019
Arsenal reach agreement with Chelsea for David Luiz
At £8 million, Luiz is a bargain buy and a risk worth taking for the Gunners, one that will most likely pay off for them. Chelsea centre half David Luiz is expected to sign for Arsenal on Thursday, according to Sky Sports News .

09 August 2019
Row explodes over Labour's position on indyref2
He said: "These are utterly irresponsible comments from John McDonnell that betray our party's values". Labour abandons such commitment at our peril".

09 August 2019
Yankees hit 5 HRs, rip Orioles 14-2 for 8th straight win
NY hit an impressive 43 home runs in Baltimore this season, a single-season record for most by a visiting team in a ballpark. Orioles: OF DJ Stewart was placed on the 7-day concussion list after getting plunked on the head by a fly ball on Tuesday.

09 August 2019
Samsung launches Note 10 and Note 10+ smartphones
In some ways then the Note 10 is actually lower-end, marking the Note 10 Plus out as the true flagship of the range. Calls placed through the Your Phone app are routed via the PC's speakers and built-in microphone similar to Skype .

09 August 2019
Comcast expands its low-priced internet to another three million households
It costs just $9.95 a month, he said, and Comcast is making computers available to low-income participants for $150 or less. To guide our audience through an increasingly complex digital world by humanizing technology and filtering out the noise.

09 August 2019
Kemar Roofe joins Vincent Kompany's Anderlecht in £7 million deal
It has been officially confirmed that Leeds United have won the race to sign Arsenal forward Eddie Nketiah on a one-season loan. Last season he played nine games for Arsenal scoring just a goal.

09 August 2019
680 detained in ICE searches of seven MS worksites
He did not say why they were let go except to say those released at the plants had been let go due to "humanitarian factors". Acting ICE director Matthew Albence told the AP that the raids were part of a "long-term operation that's been going on".

08 August 2019
Nadal shakes off slow start to reach Montreal third round
Playing for the first time since his second-round exit at Wimbledon, the 34-year-old hit 12 aces and won 86 per cent of his first-serve points.

08 August 2019
Major new poll finds majority of Scots back independence
The poll demonstrates that Tory plans to block a fresh independence referendum are undemocratic and completely unsustainable. Commenting on this, Mr McDonnell said: "I have a constituent that's got a JCB and drives round trying to find him".