Urgent Update: New Emails Expose Leon Black’s Epstein Ties

DEVELOPING: New emails reveal shocking details about billionaire Leon Black’s ties to Jeffrey Epstein, including intricate art deals linked to alleged tax avoidance schemes. The New York Times investigation uncovers how Black, a trustee of the Museum of Modern Art (MoMA), paid Epstein approximately $170 million for what he claims were tax and estate planning services.

These newly reported documents highlight Epstein’s influence over Black, suggesting a complex relationship that spanned over two decades. Notably, Epstein reportedly played a role in concealing Black’s extramarital affair with Russian model Guzel Ganieva, who accused Black of assault—a claim he has denied. Black allegedly paid Ganieva nearly $10 million to keep the relationship confidential.

The investigation sheds light on how Epstein was involved in structuring art transactions that helped Black evade capital gains taxes. In one email, Epstein claimed to “advise” on Black’s acquisition of Edvard Munch’s iconic painting, “The Scream,” purchased for $120 million. However, Black’s representatives stated that Epstein was not involved in that deal.

Senator Ron Wyden has raised concerns about the nature of Black’s payments to Epstein, asserting that they were neither adequately explained nor audited. “This report raises questions as to whether there was more at play in the relationship between these two men, potentially including blackmail,” Wyden stated following the report’s release.

Black’s attorney, Susan Estrich, defended his actions, claiming all payments to Epstein were for legitimate tax advice that benefited his family financially. She dismissed accusations of overreaching influence as “false and patently absurd.” Estrich further criticized the New York Times for its reporting, alleging that their journalist advised Ganieva on her claims against Black.

The scrutiny surrounding Black intensified after he resigned from his position as CEO of Apollo Global Management in January 2021 amid investigations into his financial ties to Epstein. Following public outcry, including a petition from over 150 artists, Black also stepped down as MoMA’s board chairman but remains a trustee.

As public pressure continues to mount, the implications of this investigation could have significant repercussions for Black’s future and his role at MoMA. The museum has yet to respond to inquiries regarding the ongoing controversy.

Stay tuned for further updates as this story develops.