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Leon Black tells investors 'I deeply regret' involvement with Jeffrey Epstein

October 13, 2020. Summarized by summa-bot.

Leon Black, chairman and chief executive officer of Apollo Global Management LLC, speaks during the Bloomberg Invest Summit in New York, U.S., on Tuesday, June 4, 2019. Bloomberg Invest Summits bring together people in finance, economics and markets to tackle the most complicated issues, helping investors make profitable decisions in 2019 and beyond. Photographer: Demetrius Freeman/Bloomberg

Wall Street tycoon and Apollo Global Management co-founder Leon Black expressed regret for his dealings with convicted sex offender Jeffrey Epstein in a letter to investors on Monday.

New York (CNN Business)Wall Street tycoon and Apollo Global Management co-founder Leon Black expressed regret for his dealings with convicted sex offender Jeffrey Epstein in a letter to investors on Monday.

The letter, provided to CNN Business by Apollo — a private equity firm, comes after a report from The New York Times revealed more details about the billionaire's relationship with Epstein, who was convicted in 2008 of two state prostitution charges and was found dead in his prison cell after being charged in federal court with child sex trafficking.

Black said in the letter that his relationship with Epstein spanned only professional services that included "estate planning, tax and philanthropic endeavors. " He also wrote that he occasionally met with Epstein at Epstein's townhouse in New York to conduct business, as Epstein did not have a separate office.

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