Aug 8, 2019

Leslie Wexner claims Epstein misappropriated $46M from him: Reports

Financier Jeffrey Epstein. Photo: Rick Friedman/Getty Images

L Brands founder and chairman Les Wexner accused his disgraced former money manager Jeffrey Epstein Wednesday of misappropriating more than $46 million of his fortune, the Wall Street Journal first reported.

Why it matters: Per the WSJ, the allegations by Wexner that Epstein "misappropriated vast sums of money from me and my family" reveal for the first time some of the financial fallout from his relationship with the registered sex offender, who's under indictment for alleged child sex trafficking.

The big picture: The New York Times reports that Wexner, the billionaire behind Victoria's Secret, said in a letter to Wexner Foundation members that he discovered money was missing after cutting ties with Epstein in 2007 — a year after the financier was charged with multiple counts of molestation and unlawful sexual activity with a minor (Epstein pleaded guilty in 2008 to lesser charges after reaching a sweetheart deal with prosecutors.).

"It was agreed that he should step back from the management of our personal finances. In that process, we discovered that he had misappropriated vast sums of money from me and my family. This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now."
— Wexner's letter to the foundation

Go deeper: Jeffrey Epstein and the utility of fake billions

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Updates: George Floyd protests continue past curfews

Protesters on Tuesday evening by the metal fence recently erected outside the White House. Photo: Olivier Douliery/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday night across the U.S. for the eighth consecutive day — prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: Protesters were still out en masse for mostly after curfews were in force in cities including Washington, D.C., New York City, Los Angeles and Portland — where police used pepper spray and flash bangs on a group throwing projectiles at them during an "unlawful assembly," per KATU. Portland police said this group was separate to the thousands of demonstrators who protested peacefully elsewhere in the city.

Primary elections test impact of protests, coronavirus on voting

Election official at a polling place at McKinley Technology High School in Washington, D.C. Photo: Drew Angerer/Getty Images

In the midst of a global pandemic and national protests over the death of George Floyd, eight states and the District of Columbia held primary elections on Tuesday.

Why it matters: Joe Biden, the presumptive Democratic nominee, needs to win 425 of the 479 delegates up for grabs in order to officially clinch the nomination. There are a number of key down-ballot races throughout the country as well, including a primary in Iowa that could determine the fate of Rep. Steve King (R-Iowa).

Iowa Rep. Steve King defeated in GOP primary

Rep. Steve King. Photo: Alex Wroblewski/Getty Images

State Sen. Randy Feenstra defeated incumbent Rep. Steve King in Tuesday's Republican primary for Iowa's 4th congressional district, according to the Cook Political Report.

Why it matters: King's history of racist remarks has made him one of the most controversial politicians in the country and a pariah within the Republican Party.