Wyden Unveils Ongoing Investigation Into Private Equity Billionaire Leon Black's Tax Planning and Financial Ties with Jeffrey Epstein

Press Release

"Unfortunately, the inadequate responses you have provided the Committee only raise more questions than answers, and fail to address a number of tax issues my staff has uncovered over the course of this investigation. This includes understanding the amount by which you were overpaid income from assets placed in a trust while devising a scheme to ensure that those assets, worth billions of dollars, would remain outside your taxable estate. Additionally, you have refused to answer questions or provide documents related to payments you made to Epstein or substantiate how such payments were calculated or were compensation for services. Your failure to substantiate Epstein's compensation scheme has heightened the Committee's concerns about whether such payments were properly characterized as income or gifts for tax purposes."

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