Victoria's Secret head Les Wexner writes in a letter to his foundation that he is 'embarrassed' he was 'deceived' by Jeffrey Epstein. Read the full letter.
- Les Wexner, the CEO and founder of Victoria's Secret parent company L Brands, wrote in a letter to his namesake Wexner Foundation on Wednesday that he was "deceived" by convicted sex offender Jeffrey Epstein, his former financial advisor.
- Wexner outlined his relationship with Epstein and condemned the behavior his former financial advisor has been accused of. Wexner also noted that Epstein had "misappropriated vast sums of money" from him and his family.
- Epstein was arrested in July and charged with sex trafficking minors.
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Les Wexner, the CEO of Victoria's Secret parent company L Brands, is speaking out regarding his complicated relationship with his former financial advisor, convicted sex offender Jeffrey Epstein.
In a letter to his namesake foundation, Wexner reflected on his decades-long relationship with his former financier, condemning the actions Epstein has been accused of and noting that he was "sickened by the revelations." Epstein pleaded guilty to state charges of soliciting a minor for prostitution in 2008 and was arrested and charged with sex trafficking minors in July.
Wexner also mentioned that Epstein had "misappropriated vast sums of money" from him. The Wall Street Journal reported that tax records indicated that Epstein made a $46 million transfer to a Wexner charitable fund in January 2008.
Lawyers for Epstein did not immediately return Business Insider's request for comment on Wexner's letter.
During Wexner's nearly 20-year relationship with his financial advisor, Epstein was given power of attorney and was reportedly involved in the model-selection process for Victoria's Secret. Epstein reportedly received millions of dollars in fees from Wexner, as well as other benefits.