Investor Quits Firm Over Epstein Investigation
(UnitedVoice.com) – In January, news broke that Apollo Global Management CEO, Leon Black, was going to step down from his role in the company following an internal investigation into his connection to Jeffrey Epstein. He was expected to stick around until the end of July, but now all that’s changed.
On March 22, Black unexpectedly resigned from his position with the investment firm. The company said he was leaving due to his wife’s health problems. His departure came just two months after he was cleared of wrongdoing in the probe related to convicted pedophile Epstein.
JUST IN: Leon Black is out at Apollo Global Management, the private equity and debt giant he co-founded in 1990, just two months after the conclusion of an independent investigation into his interactions with Jeffrey Epstein. https://t.co/Ie8PC9f2Dx
— Axios (@axios) March 22, 2021
Although the probe found there was no evidence to show Black had anything to do with Epstein’s alleged sex-trafficking, it did find Epstein paid him $148 million for financial services. The former CEO said he “deeply regret[ted] having had any involvement” with Epstein.
Marc Rowan, a co-founder of Apollo will step in as the new CEO. Black will remain the firm’s largest shareholder.
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