Ohio billionaire Leslie Wexner says financier Jeffrey Epstein misappropriated 'vast sums' of his fortune while managing his personal finances.
FILE - This March 28, 2017, file photo, provided by the New York State Sex Offender Registry shows Jeffrey Epstein. The retail titan behind Victoria's Secret says the financier Jeffrey Epstein misappropriated “vast sums” of his fortune while managing his personal finances. Ohio 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.
The letter was first reported by The Wall Street Journal, which put the amount of misappropriated money at more than $46 million.“This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now,” Wexner wrote. Wexner is the founder and chief executive officer of L Brands, a fashion retailer based in Ohio. The company’s board recently hired an outside law firm to review any role Epstein may have played at the business.
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