Files show Apollo chief Marc Rowan consulted Jeffrey Epstein on tax matters
Department of Justice emails released Friday reveal Rowan and other senior Apollo executives corresponded with Jeffrey Epstein between 2011 and 2018 about tax planning, a tax receivable agreement and a proposed inversion, raising questions after Apollo said in 2020 it never did business with Epstein.
- DOJ released emails showing exchanges between Marc Rowan and Jeffrey Epstein from 2011 to 2018.
- Epstein requested internal Apollo documents and advised on issues including the firms tax receivable agreement and a potential inversion.
- Apollo issued a 2020 statement saying it never did business with Epstein and a 2021 Dechert review said that was accurate but the contacts were nuanced.
- Leon Black had previously paid Epstein more than $150 million and stepped down from Apollo in 2021.
- Apollo bought out its tax receivable agreement for $570 million in 2021 and faces a shareholder lawsuit over that deal.
- Emails show Epstein proposed fee arrangements tied to tax savings and arranged meetings involving Edmond de Rothschild and Apollo executives.