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Relationship of Les Wexner and Jeffrey Epstein

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Jeffrey epstein 2008 mugshot.jpg
Les Wexner (left) maintained a close friendship with Jeffrey Epstein (right) were in close contact until 2007.

The American billionaire Les Wexner retained the financier and sex offender Jeffrey Epstein as his financial manager from 1987 to 2007 and was initially the "main client" of Epstein's money-management firm, according to Bloomberg. [1] Epstein ran his business from a house Wexner owned and sometimes lived in. [2] Wexner cut his ties with Epstein, around 18 months after Epstein was charged in Florida with "multiple counts of molestation and unlawful sexual activity with a minor." [2] On February 10, 2026, Representative Ro Khanna revealed that the FBI had named Wexner as an unindicted co-conspirator. [3]

Contents

Overview

1986–2008

In 1986, Jeffrey Epstein met Wexner through their mutual acquaintances, insurance executive Robert Meister and his wife, in Palm Beach. [4] Wexner hired Epstein as his financial manager from 1987 to 2007. [5] [6] He was the primary client of Epstein, who claimed to only work with clients with a net worth of one billion USD or greater. Wexner purchased his New York property, the Herbert N. Straus House, in 1989 and sold it to Epstein in the mid-1990s following Wexner's marriage to Abigail. [5] Epstein moved into the house in 1995, at which time he claimed to own it, although its registered ownership changed in 2011 from a trust connected to both Wexner and Epstein to a trust controlled by Epstein. [7] [8] [9] [10] In July 1991, Wexner granted Epstein power of attorney [2] and also instated him as a trustee on the board of the Wexner Foundation. [11] The power of attorney allowed Epstein to hire people, sign checks, buy and sell properties, borrow money, and do anything else of a legally binding nature on Wexner's behalf. [2] Epstein managed Wexner's wealth and various projects such as the building of his yacht, the Limitless. [12] In the 1990s, Wexner and Epstein were involved in relocating Southern Air Transport (a CIA front organization with ties to the Iran-Contra affair and alleged CIA drug smuggling) from Miami to Columbus. Southern Air transported goods related to Wexner's businesses, but in 1996, Customs agents found a hidden shipment of cocaine on one of the planes. Southern Air was shut down in 1998 after Wexner had received federal aid for the relocation of the airline, just weeks before the CIA Inspector General released its official findings on Contra cocaine trafficking allegations. [13]

By 1995, Epstein was a director of the Wexner Foundation and Wexner Heritage Foundation. He was also the president of Wexner's Property, which developed part of the town of New Albany outside Columbus, Ohio, where Wexner lived. Epstein made millions in fees by managing Wexner's financial affairs. Epstein often attended Victoria's Secret fashion shows, and hosted the models at his New York City home, as well as helping aspiring models get work with the company. [4] [2]

The Herbert N. Straus House on the Upper East Side 9 E71 St jeh.jpg
The Herbert N. Straus House on the Upper East Side

Wexner has been accused of failing to take action when complaints were raised against Epstein, after executives of L Brands reported in the mid-1990s that Epstein was abusing his power and connection to Wexner by posing as a recruiter for Victoria's Secret models. [2] Maria Farmer contacted local and federal authorities about an assault she allegedly endured by Epstein and Ghislaine Maxwell while working as an artist-in-residence on Wexner's Ohio property in 1996. Within a year of Farmer's complaint, actress Alicia Arden filed a police report in Los Angeles detailing that Epstein had misrepresented himself as a recruiter for Victoria's Secret prior to another alleged assault. [2] Between 1990 and 2001, Epstein's private jet the Lolita Express was owned by Wexner, who then transferred it for an undisclosed sum to Epstein. [14]

In early 2006, Epstein was charged in Florida with "multiple counts of molestation and unlawful sexual activity with a minor." [2] The New York Times reported that 18 months after the charges were filed, Wexner cut his ties with Epstein. [2] In emails from Epstein's account obtained by Distributed Denial of Secrets, Wexner messaged Epstein prior to Epstein's guilty plea in 2008 writing, "All I can say is I feel sorry. You violated your own number 1 rule ... Always be careful." Wexner claimed to have severed ties with Epstein in 2007. These emails were not released by the DOJ. [15] [16] In an unsent draft letter that was released by the DOJ, Epstein wrote to Wexner, "You and I had 'gang stuff' for over 15 years" and then refers to secrets the two of them kept from Wexner's wife. [17]

2019–2021

In July 2019, Wexner was included on a list of Epstein's "10 co-conspirators" within an FBI email, alongside Ghislaine Maxwell, Darren Indyke, Richard Kahn, Jean-Luc Brunel, and Leslie Groff, though Wexner continued to deny involvement. [18] In August 2019, following Epstein's second incarceration and prior to his death, Wexner addressed the Wexner Foundation, releasing a written statement that his former financial advisor, Epstein, had "misappropriated vast sums of money" from him and from his family. [19] Wexner retained the services of Debevoise & Plimpton criminal defense attorney and former U.S. Attorney for the Southern District of New York Mary Jo White. [20] Weeks after Epstein's death, JPMorgan Chase filed a suspicious activity report for transactions conducted by Wexner as well as Glenn Dubin, Leon Black, and Alan Dershowitz, totalling about $1 billion. These reports were unsealed by a federal judge. [21]

L Brands shareholders filed a complaint in the Court of Chancery of Delaware on January 14, 2021, stating that Wexner, among others, created an "entrenched culture of misogyny, bullying, and harassment," and was aware of abuses being committed by Epstein, which breached Wexner's fiduciary duty to the company and devalued the brand. The complaint also names Wexner's wife, current chair Sarah E. Nash, and former marketing officer Ed Razek, whose "widely known misconduct" was allegedly allowed at the company. [22] On July 30, 2021, L Brands agreed to a $90 million settlement to resolve derivative lawsuits stemming from claims that combine Ohio and Delaware actions. [23]

2026

Following the passage of the 2025 Epstein Files Transparency Act, Wexner faced additional public scrutiny. [24] [18] In January 2026, Wexner was subpoenaed by the US House Oversight Committee of Congress to sit for a deposition. [25] [26] On February 10, 2026, U.S. Congressman Ro Khanna, on the floor of the U.S. House of Representatives, read the names of six prominent men that he said he had seen in the unredacted versions of the Epstein files, whose names had been redacted in the versions of those files that were released to the public by the U.S. Department of Justice. (On the previous day, the Justice Department had allowed selected U.S. Congresspeople to view the files, in a closed room, without any recording device.) Congressman Khanna said Wexner is listed in the files as someone considered an Epstein co-conspirator by the FBI. [27] [ non-primary source needed ]

See also

References

  1. Metcalf, Tom; Melby, Caleb; Alexander, Sophie (July 8, 2019). "Mystery Around Jeffrey Epstein's Fortune and How He Made It" . Bloomberg . Archived from the original on August 1, 2019. Retrieved January 25, 2026.
  2. 1 2 3 4 5 6 7 8 9 Steel, Emily; Eder, Steve; Maheshwari, Sapna; Goldstein, Matthew (July 25, 2019). "How Jeffrey Epstein Used the Billionaire Behind Victoria's Secret for Wealth and Women". The New York Times. ISSN   0362-4331 . Retrieved 2020-03-06.
  3. Gregorian, Dareh (February 11, 2026). "Justice Department releases names of 3 people the FBI once called Jeffrey Epstein 'co-conspirators'". NBC News. Archived from the original on February 12, 2026. Retrieved 2026-02-11.
  4. 1 2 Alexander, Sophie; Melby, Caleb; Metcalf, Tom (July 13, 2019). "The Billionaire and the Sex Offender". Bloomberg News. Archived from the original on July 14, 2019. Retrieved July 14, 2019.
  5. 1 2 Thomas Jr., Landon (October 28, 2002). "Jeffrey Epstein: International Money Man of Mystery". New York .
  6. O'Connell, Jonathan; Ellison, Sarah (December 6, 2019). "Former Ohio State athletes call on prosecutors to investigate Wexner, citing Epstein allegations". The Washington Post . Retrieved 2020-03-06.
  7. Matthew Haag (8 July 2019). "$56 Million Upper East Side Mansion Where Epstein Allegedly Abused Girls". The New York Times. Retrieved 8 July 2019.
  8. Christopher Mason (11 January 1996). "Home Sweet Elsewhere". The New York Times . Retrieved 8 July 2019.
  9. Mark David (25 February 2011). "A Big Deal Goes Down at NYC's Lordly 834 Fifth Avenue". Variety . Retrieved 7 July 2019.
  10. Mark David (25 February 2011). "The Talented Mr. Epstein". Vanity Fair . Retrieved 11 July 2019.
  11. Hanau, Shira (February 25, 2020). "Wexner Report Claims Epstein Played 'No Meaningful Role' in Foundation". The New York Jewish Week. Retrieved 2020-03-06.
  12. Ward, Vicky (March 1, 2003). "The Talented Mr. Epstein" . Vanity Fair. New York. Archived from the original on June 12, 2015. Retrieved June 11, 2015.
  13. Ryan Grim, Murtaza Hussain and Harrison Berger. "Epstein, Israel, and the CIA: How the Iran-Contra Planes Landed at Les Wexner's Base" . Retrieved 2025-12-20.
  14. Tognini, Giacomo; Hyatt, John (July 25, 2025). "How Jeffrey Epstein Got So Rich". Forbes .
  15. Filby, Max (January 30, 2026). "FBI memos, bank record, odd emails mention Wexner in new Epstein files". The Columbus Dispatch . Retrieved February 1, 2026.
  16. Williams, Mark; Feran, Tim (December 19, 2025). "Email shows Wexner reached out to Epstein after severing relationship". The Columbus Dispatch . Retrieved February 1, 2026.
  17. Eder, Steve; Silver-Greenberg, Jessica; Goldstein, Matthew (February 6, 2026). "'Gang Stuff' and 'Illicit Trysts': How Epstein Sought Leverage With the Wealthy". The New York Times. Retrieved February 6, 2026.
  18. 1 2 Filby, Max (December 23, 2025). "Wexner responds to Epstein co-conspirator email, denying involvement". The Columbus Dispatch . Retrieved 2025-12-29.
  19. Eder, Steve; Steel, Emily (August 7, 2019). "Leslie Wexner Accuses Jeffrey Epstein of Misappropriating 'Vast Sums of Money'". The New York Times . Retrieved 2019-08-08.
  20. Orden, Erica; Scannell, Kara (August 12, 2019). "After Jeffrey Epstein's death, prosecutors examine his inner circle". CNN . Retrieved 2019-08-12.
  21. Goldstein, Matthew; Enrich, David; Silver-Greenberg, Jessica; Eder, Steve (October 30, 2025). "JPMorgan Alerted U.S. to Epstein Transfers Involving Wall St. Figures". The New York Times. Retrieved February 6, 2026.
  22. Ell, Kellie (January 15, 2021). "L Brands Founder Leslie Wexner Faces New Complaints About 'Culture of Misogyny' at Victoria's Secret". WWD . Retrieved 2023-02-19.
  23. Montgomery, Jeff (August 9, 2021). "L Brands Inks $90 M Global Deal for 'Toxic' Workplace Suits". Law360 via Scott + Scott Attorneys at Law LLP.
  24. Shillcock, George (2025-12-23). "Wexner named in released Epstein email about 'co-conspirators' in sex trafficking case". WOSU-FM . Retrieved 2025-12-29.
  25. Tarabay, Jamie (January 7, 2026). "House Committee Votes to Subpoena Wexner in Epstein Probe". Bloomberg. Retrieved January 7, 2026.
  26. "House committee votes to issue more subpoenas related to Jeffrey Epstein". NBC News. 2026-01-08. Retrieved 2026-01-08.
  27. "Ro Khanna onthult in het Huis van Afgevaardigden zes gecensureerde namen uit de Epstein-dossiers". YouTube (in Dutch).
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