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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

Go deeper

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From Malcolm X to "Free Britney," new media shapes the justice system

Illustration: Shoshana Gordon/Axios

True crime documentaries, podcasts and social media campaigns are bringing new attention to real-world legal proceedings — and are often affecting the outcome.

Why it matters: New media platforms can instantly put a national spotlight on cases that have long been forgotten or buried under red tape.

Updated 17 hours ago - Health

The next big bottleneck in the global vaccination effort

Illustration: Rae Cook/Axios

The world still needs more coronavirus vaccines, but an additional bottleneck has emerged in many low-income countries: They need help getting shots in arms.

Why it matters: Increasing vaccination rates across the world is both a humanitarian necessity and the best way to prevent dangerous new variants from emerging, but it increasingly requires complex problem-solving.

Updated 17 hours ago - Health

COVID-19 Omicron variant cases identified in Europe, U.K.

People wearing masks walk in London on Nov. 25. Photo: Li Ying/Xinhua via Getty Images

Health officials in the United Kingdom, Italy and Germany announced on Saturday that they've detected the first known cases of the new COVID-19 Omicron variant.

Why it matters: The discoveries come as the world scrambles to respond to concerns over the new variant, discovered in South Africa earlier this week.