Billionaire: Epstein misappropriated 'vast sums' from wealth

August 08, 2019 - 9:52 am

NEW YORK (AP) — 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 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.

Epstein managed Wexner's wealth for years. It was through Wexner that Epstein acquired his seven-story Manhattan mansion near Central Park.

Wexner says he regrets ever crossing Epstein's path and was "sickened" by his alleged abuse of dozens of underage girls.

Epstein has pleaded not guilty to federal sex trafficking charges in New York.

His attorney did not respond to a request for comment.

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