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Congress Subpoenas Apollo Founder Leon Black Over Epstein Investigation

Wall Street Journal Markets •
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The House Oversight Committee issued subpoenas for Leon Black to return for additional testimony and surrender nondisclosure agreements after the Apollo Global Management co-founder abruptly ended his deposition on Friday. Black refused to answer questions about his financial dealings with Jeffrey Epstein, prompting Chairman James Comer to compel further cooperation.

Black's attorney Susan Estrich dismissed the subpoenas as a premeditated political stunt, arguing lawmakers ended questioning after less than an hour without asking about legitimate payments to Epstein. However, Representative Robert Garcia, the committee's top Democrat, supported the move, stating Black clearly intended to avoid answering critical questions from the outset.

The controversy centers on Black's relationship with Epstein, whom he hired as a financial adviser. During his brief appearance, Black denied participating in Epstein's sex-trafficking scheme, claiming he was duped by the disgraced financier. The investigation raises questions about oversight of private equity leaders and potential connections to Epstein's criminal activities.

The subpoenas require Black to reappear on July 16 and produce the NDAs. This development could impact Apollo's reputation and ongoing business relationships as the firm continues operating under new leadership. The investigation represents ongoing congressional scrutiny of wealthy individuals' ties to Epstein.