Victoria's Secret billionaire accuses his former money manager Jeffrey Epstein of $46million theft
The billionaire behind the parent company of Victoria's Secret has accused Jeffrey Epstein of stealing more than $46million from his family's fortune.
Leslie Wexner, the founder and CEO of L Brands Inc, wrote a letter to members of the Wexner Foundation disclosing that his former money manager of nearly two decades, Epstein, had misused the large sum.
Wexner said he discovered the alleged theft after severing ties with Epstein in 2007 after the financier was accused of sexually abusing underage girls.
'We discovered that he had misappropriated vast sums of money from me and my family,' Wexner, whose company runs Victoria's Secret, wrote in the letter sent out Wednesday.
'This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now.'
Epstein is currently locked up in a Manhattan jail awaiting trial on sex abuse charges. Tax records show Epstein transferred $46million worth of investments to a Wexner charitable fund in 2008.
Wexner said the transfer was only a portion of the funds his money manager allegedly misappropriated.
Epstein made more than $200 million from Wexner over the time they worked together, according to the Wall Street Journal.