July 21 (Reuters) – Apollo International Administration Inc (APO.N) co-founder Leon Black paid $62.5 million to the U.S. Virgin Islands to keep away from any authorized claims tied to a Jeffrey Epstein sex-trafficking investigation, the New York Occasions reported on Friday.
The Occasions obtained a replica of the settlement settlement from the Virgin Islands authorities by means of a public data request. The settlement was reached in January.
A spokesperson for Black confirmed in an emailed assertion to Reuters that Black had settled with the Virgin Islands, noting that there was no suggestion within the settlement “that Mr. Black was conscious of or participated in any misconduct.”
The spokesperson went on to say that, as beforehand identified, Black had paid Epstein for “authentic monetary advisory companies” and that Black had “resolved the (Virgin Island's) potential claims arising out of the unintended penalties of these funds.”
Phrase of Black's settlement follows a requirement earlier this month from the Virgin Islands that JPMorgan Chase pay a minimum of $190 million, and probably extra, to resolve its lawsuit accusing the most important U.S. financial institution of ignoring the disgraced late financier Epstein's intercourse trafficking. The financial institution has denied that it knew about abuses by Epstein, who was a shopper from 1998 to 2013.
Epstein killed himself in 2019 whereas awaiting trial on sex-trafficking costs.
A New York state choose in Might dismissed a lawsuit accusing Black, 71, of defaming a girl by falsely claiming she tried to extort him after accusing him of rape, which he denied.
Black nonetheless faces a lawsuit from one other girl, Cheri Pierson, who has accused him of raping her 20 years in the past in Epstein's mansion in Manhattan. Black has denied any wrongdoing.
Black is price $10.1 billion, in line with Forbes journal. He left Apollo in 2021.
Reporting by Brad Brooks in Lubbock, Texas, Enhancing by Rosalba O'Brien
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