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Tuesday, October 13, 2020

Too Late? 

 Leon Black, the Apollo Global Management co-founder, is now telling investors he is deeply remorseful in having worked closely with convicted sex offender, Jeffrey Epstein.  Epstein died in jail, apparently by his own hand, in August 2019.  One can reasonably ask why Black waited a year to express his sorrow, especially since he had extensive dealings with Epstein.   His letter to investors does not remove the black mark of close association.  It might have helped had he sent it months earlier, but he didn't.  Black professes to know nothing about Epstein's legacy of procurement of young women for prostitution, and there is a chance he didn't.   But, it is hard to believe he didn't sense something amiss.  It is a question that might never be answered even though Black says he will work closely with authorities investigating Epstein's actions.  Black's delay amounts to a stain on his reputation that might never come out.


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