New York / Columbus, USA – More than seven years after Jeffrey Epstein’s mysterious death in custody in 2019, the most persistent question still haunts public discourse: where did the man who called himself a “billionaire money manager” actually get his wealth? The latest investigations by The New York Times (December 2025) and newly unsealed congressional documents reveal the answer lies not in financial genius, but in a chain of highly suspicious “luck,” deception, and an exclusive relationship with Leslie H. Wexner—the founder of L Brands, the parent company of Victoria’s Secret and Bath & Body Works.
Epstein first met Wexner in the late 1980s through an insurance broker. Within a few short years, Wexner—one of America’s richest men at the time—granted Epstein near-total control: the power to sign checks, borrow money, buy and sell assets, and even file tax returns on his behalf. Court records and sworn testimony from former L Brands employees show that Epstein did far more than manage money—he received enormous gifts in return: a Manhattan townhouse worth tens of millions, a private jet, and a lavish Ohio mansion, all previously owned by Wexner.
This relationship became Epstein’s only publicly documented major income source. His firm, J. Epstein & Co. (later renamed Financial Trust Company), had essentially one significant client: Wexner. Epstein collected millions in management fees while leveraging that access to enter the world of Victoria’s Secret models—a network he is accused of exploiting to recruit victims for his sex-trafficking operation.
Yet investigators believe this is only part of the picture. Epstein was deeply involved with Towers Financial Corporation, the largest Ponzi scheme in U.S. history at the time, which defrauded investors of more than $450 million. His former partner Steven Hoffenberg insisted Epstein was the mastermind, though Epstein denied it. In addition, Epstein benefited enormously from tax advantages in the U.S. Virgin Islands, saving hundreds of millions compared to standard IRS obligations.
The blackmail theory remains the most hotly debated. Numerous victims and experts argue Epstein collected compromising material on politicians, businessmen, and celebrities to extract money or silence. While direct public proof remains elusive, emails and banking records unsealed from JPMorgan and Deutsche Bank (2024–2025) show irregular payments from powerful figures—most notably Leon Black of Apollo Global Management, who paid Epstein over $158 million for “tax advice,” a sum Black later indirectly repaid to the U.S. Virgin Islands authorities.
Wexner severed ties in 2007, claiming Epstein had misappropriated more than $46 million. Yet he has refused detailed comment, even when summoned by Congress in 2025–2026. The case exposes not only the dark underbelly of the ultra-wealthy, but also the glaring failures of financial and legal oversight when dealing with individuals like Epstein.
As more documents continue to be released, Epstein’s story is no longer a personal mystery—it stands as a stark warning about how money and power can conceal crimes for decades. Will the full truth ever emerge? The answer still lies locked inside thick stacks of sealed files.
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