HeadlinesBriefing favicon HeadlinesBriefing.com

Leon Black Denies Abuse Claims and Defends Epstein Payments in Congressional Testimony

New York Times Business •
×

Leon Black appeared before Congress to address mounting scrutiny over his ties to the late Jeffrey Epstein. In prepared remarks to a House committee, the billionaire financier categorically denied sexually abusing women. Black's testimony represents his most direct response to allegations that have shadowed his reputation for months.

The Apollo Global Management founder also defended substantial payments he made to Epstein for professional services. Black characterized the hefty fees as compensation for legitimate tax and estate planning advice. These financial arrangements have drawn particular criticism from lawmakers and investors questioning the judgment behind such significant expenditures.

Black described the public discourse around his relationship with Epstein as filled with 'vicious narratives' that he claims misrepresent the facts. His congressional appearance follows sustained pressure from stakeholders demanding accountability over the nature of his connections to the convicted sex offender.

The testimony arrives as Black faces ongoing investigations and shareholder concerns. His attempt to rehabilitate his public image comes while his private equity empire grapples with reputational damage that could impact future deal-making and investor confidence.