The billionaire behind the retail empire that after blanketed buying malls with names similar to Victoria’s Secret and Abercrombie & Fitch informed members of Congress on Wednesday that he was “duped by a world-class con man” — shut monetary adviser Jeffrey Epstein. Les Wexner additionally denied figuring out in regards to the late intercourse offender’s crimes or collaborating in Epstein’s abuse of ladies and younger girls.
“I was naive, foolish, and gullible to put any trust in Jeffrey Epstein. He was a con man. And while I was conned, I have done nothing wrong and have nothing to hide,” the 88-year-old retired founding father of L Manufacturers mentioned in a press release submitted to the Home Oversight Committee earlier than an interview performed at his huge central Ohio property. Democrats had subpoenaed him after the newest Justice Division launch of Epstein-related paperwork revealed new particulars about Wexner’s relationship with the well-connected financier.
Wexner described himself to the lawmakers as a philanthropist, group builder and grandfather who all the time strove “to live my life in an ethical manner in line with my moral compass,” in accordance with the assertion. He mentioned he was keen “to set the record straight” about his ties with Epstein. Their relation ended bitterly in 2007, after the Wexners found he’d been stealing from them.
As one among Epstein’s most distinguished former buddies, Wexner has spent years answering for his or her decades-long affiliation and he sought to make use of the continuing to dispel what he known as “outrageous untrue statements and hurtful rumor, innuendo, and speculation” which have shadowed him.
Rep. Robert Garcia, a California Democrat who sat in on Wednesday’s interview, expressed skepticism in feedback to reporters gathered close to the continuing.
“There is no single person that was more involved in providing Jeffrey Epstein with the financial support to commit his crimes than Les Wexner,” he mentioned.
In response to allegations by the distinguished late Epstein sufferer Virginia Giuffre, who claimed in courtroom paperwork that Wexner was amongst males Epstein trafficked her to, Wexner testified to utter devotion to his spouse of 33 years, Abigail. He mentioned he’d by no means as soon as been untrue “in any way, shape, or form. Never. Any suggestion to the contrary is absolutely and entirely false.”
Wexner’s title seems greater than 1,000 instances within the Epstein information, which doesn’t suggest guilt and Wexner has by no means been charged with any crimes. His spokesperson mentioned the variety of mentions shouldn’t be surprising given their long-running ties.
‘A most loyal friend’
Epstein first met Leslie Wexner via a enterprise affiliate round 1986.
It was an opportune time for Wexner’s funds. The Ohio enterprise proprietor had grown a single Restricted retailer in Columbus into a set of Nineteen Eighties mall staples: The Restricted, Restricted Specific, Lane Bryant and Victoria’s Secret. Bathtub & Physique Works, Abercrombie & Fitch, Lerner, White Barn Candle Co. and Henri Bendel would comply with.
Wexner informed lawmakers that it was a number of years earlier than he turned over administration of his huge fortune to Epstein, after the “master manipulator” connived to realize his belief. He gave Epstein energy of lawyer in 1991, permitting Epstein to make investments and do enterprise offers and to buy property and assist Wexner as he developed New Albany from a small rural metropolis to a thriving upscale Columbus suburb.
Epstein had “excellent judgment and unusually high standards,” Wexner informed Self-importance Truthful in a 2003 interview, and he was “always a most loyal friend.”
On Wednesday, the billionaire mentioned he didn’t flow into in Epstein’s social circle, however usually heard accounts of his encounters with different rich folks.
Epstein “carefully used his acquaintance with important individuals to curate an aura of legitimacy,” Wexner mentioned. He mentioned he visited Epstein’s notorious island solely as soon as, stopping for a couple of hours one morning along with his spouse and younger youngsters whereas they have been cruising on their boat.
“It is interesting that Mr Wexner has already begun to clarify in his mind that somehow he and Mr. Epstein weren’t even friends,” Garcia informed reporters. “We should be very clear that the two were very close, per reporting. They spent a lot of time together.”
Epstein remembers ‘gang stuff’
In one of many newly launched paperwork, Epstein despatched tough notes to himself about Wexner saying: “never ever, did anything without informing les” and “I would never give him up.” One other doc, an obvious draft letter to Wexner, mentioned the 2 “had ‘gang stuff’ for over 15 years” and have been mutually indebted to one another — as Wexner helped make Epstein wealthy and Epstein helped make Wexner richer.
Wexner spokesperson Tom Davies mentioned Wexner by no means obtained the letter, characterizing it as becoming “a pattern of untrue, outlandish, and delusional statements made by Epstein in desperate attempts to perpetuate his lies and justify his misconduct.”
Wexner informed the congressional representatives that Epstein “lived a double life,” presenting himself to his rich shoppers as a monetary guru with regular girlfriends whereas “most carefully and fully” hiding his misdeeds with underage women. “He knew that I never would have tolerated his horrible behavior. Not any of it,” he mentioned.
Exploiting an attractive model
Some accusers mentioned Epstein touted his ties to Wexner and claimed that he might assist get them jobs modeling for the Victoria’s Secret catalog.
One girl, an aspiring actor and mannequin, informed the FBI that Epstein mentioned he was finest buddies with the longtime Victoria’s Secret proprietor and that she’d must study to be snug in her underwear and never be a prude, in accordance with lately launched grand jury testimony. One other girl mentioned she reported Epstein to police in 1997 after he groped her throughout what she thought was a modeling interview for the Victoria’s Secret catalog. After Epstein’s 2019 arrest, Wexner’s attorneys informed investigators that the businessman had heard a rumor that Epstein is likely to be holding himself out as related to Victoria’s Secret, prosecutors wrote in a lately disclosed memorandum summarizing the probe. When Wexner requested Epstein about it, Epstein denied doing so, the attorneys mentioned, in accordance with the memo.
Wexner didn’t deal with the particular difficulty in his assertion Wednesday, however repeatedly lamented being deceived by Epstein — “an abuser, a crook, and a liar.” L Manufacturers bought off Victoria’s Secret in 2020, in one among Wexner’s closing acts as chair.
A relationship unravels
Wexner didn’t publicly reveal till after Epstein’s arrest on federal intercourse trafficking expenses in July 2019 that he had severed their relationship. In a Wexner Basis letter that August, he mentioned that occurred in 2007. However the Justice Division’s newly launched data present the 2 have been in contact after that.
Wexner e-mailed Epstein on June 26, 2008, after a plea deal was introduced that might require him to serve 18 months in a Florida jail on a state cost of soliciting prostitution from a minor in an effort to keep away from federal prosecution. He wound up serving 13 months.
“Abigail told me the result … all I can say is I feel sorry. You violated your own number 1 rule … always be careful,” Wexner wrote. Epstein replied: “no excuse.”
Davies mentioned the 2007 date Wexner cited in 2019 utilized to firing Epstein as monetary adviser, revoking his energy of lawyer and eradicating his title from Wexner’s financial institution accounts.
Wexner additionally mentioned within the 2019 letter that Epstein had misappropriated “vast sums” of his and his household’s fortune whereas overseeing his funds. An investigative memo from the newest doc launch says that Wexner’s attorneys informed investigators in 2008 that Epstein had repaid him $100 million. Wexner mentioned in Wednesday’s assertion that Epstein returned “a substantial amount” of the undisclosed complete.
Garcia mentioned that congressional investigators have recognized greater than $1 billion that was “either transferred, provided in stocks or given directly” by Wexner to Epstein — although Wexner “appears to be unaware” of a lot of it.
Persevering with fallout for Wexner
On Wednesday, Wexner testified that he had by no means seen Epstein with any younger women and acknowledged the “unfathomable” ache he inflicted, whilst discoveries within the Epstein information have positioned new stress on him.
One survivor, Maria Farmer, mentioned a redacted FBI report contained within the doc launch vindicated her longstanding declare that she filed one of many earliest complaints towards Epstein whereas she was underneath his make use of in 1996 engaged on an artwork venture on the Wexners’ property.
In the meantime, survivors of a sweeping sexual abuse scandal on the Ohio State College are citing Wexner’s affiliation with Epstein to attempt to get his title faraway from a campus soccer complicated and college nurses additionally need his title scrubbed from the Wexner Medical Heart.
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AP journalists Michael Sisak in New York and Patrick Aftoora-Orsagos in New Albany contributed to this report.
