"The letter says that Apollo previously suggested that its Epstein risk was largely limited to cofounder Leon Black, who stepped down as CEO in 2021 - after a law firm hired by Apollo found that Black paid Epstein millions over the years for financial advice. The letter went on to say that the Justice Department's latest release of Epstein files suggests the firm provided an "inaccurate and incomplete picture of the firm and its partners' connections to Epstein." Apollo didn't return a request for comment."
"The AFT, whose members have billions in pension money invested with Apollo, cited communications between cofounders Josh Harris and Marc Rowan released by the DOJ on January 30. It noted communications between Rowan and Epstein spanned from 2013 to 2016, including a 2016 email showing Rowan and Epstein discussing "Apollo calculations for a tax receivable agreement." "As the Epstein files make clear, Apollo partners Rowan and Harris appear to have consulted with Epstein on numerous personal and professional matters," the letter said."
The American Federation of Teachers requested that the SEC investigate Apollo Global Management for potentially misleading disclosures regarding connections to Jeffrey Epstein. The AFT asserted Apollo minimized Epstein exposure, portraying it as largely limited to cofounder Leon Black, who left in 2021 after a law firm's finding of payments to Epstein. DOJ-released files show communications between Apollo partners Josh Harris and Marc Rowan and Epstein from 2013 to 2016, including a 2016 email about "Apollo calculations for a tax receivable agreement." The AFT emphasized material risk to investors and asked SEC enforcement head Margaret Ryan to take action. Apollo did not comment.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]