Billionaire Victoria & # 39; s Secret Founder tells shareholders that he & # 39; is ashamed & # 39; for his close ties with & # 39; sick and depraved & # 39; Jeffrey Epstein and says that he & # 39; has been betrayed by a friend & # 39;
- Les Wexner, 82, told shareholders that he was ashamed & # 39; for his close ties with the late pedophile Jeffrey Epstein Tuesday
- The billionaire is the CEO of L Brand – the parent company of Victoria & # 39; s Secret and Bath and Body Works
- Wexner made the comments during his opening remarks during a presentation to investors in Columbus, Ohio
- For years, Epstein managed Wexner's fortune dating back to the 1980s and would have misused $ 46 million of the CEO's personal funds & # 39;
The billionaire CEO of Victoria & # 39; s Secret parent company L Brand told shareholders that he & # 39; was ashamed & # 39; for his close ties with the late pedophile Jeffrey Epstein.
& # 39; It is being abused by someone who is so ill, so cunning, so corrupt, that I am ashamed that I was even around, but that is in the past, & # 39; Les Wexner told in his opening remarks during a presentation in Columbus, Ohio, Tuesday.
It was the first time that Wexner spoke publicly about his ties with Epstein since the convicted pedophile committed suicide while awaiting trial in August.
Last month, 82-year-old Wexner said that Epstein had more than $ 46 million of his personal funds & # 39; abused & # 39; when he managed Wexner's fortune for many years, dating from the 1980s.
Les Wexner, 82, told the shareholders that he was ashamed & # 39; for his close ties with the late pedophile Jeffrey Epstein Tuesday (pictured with model Stella Maxwell)
Jeffrey Epstein managed the Wexner fortune from the 1980s for years and would have millions of dollars & # 39; obscured & # 39;
& # 39; More than ten years ago I broke off the relationship with a personal financial adviser, & # 39; Wexner said without mentioning Epstein.
& # 39; At some point in your life we are all betrayed by friends, and if we have not, we are really happy to have led a perfectly sheltered life, & # 39; he added.
& # 39; Everyone must greatly regret the benefit that so many young women have drawn, & # 39; said Wexner. & # 39; That is simply inexplicable, disgusting behavior and something that we would all condemn. & # 39;
The investors were gathered in Columbus for in-store tours and presentations by the company.
Shares in Wexner & # 39; s L brands – which owns both Victoria & # 39; s Secret and Bath & Body Works – dived after his long history with Epstein came to the fore after his arrest.
On Tuesday, shares rose 1.5 percent to $ 18.15.
Wexner bought a mansion on the Upper East Side in 1989 – presumably the largest private home in Manhattan -. Epstein moved to the house after Wexner and his wife moved to Ohio in 1996. It is the same house that was attacked by the FBI after Epstein & # 39; s arrest
Wexner bought a mansion in Upper East Side in 1989 – presumably the largest private home in Manhattan.
Epstein moved to the house after Wexner and his wife moved to Ohio in 1996. In 2011, Wexner's trust reportedly transferred the house to Epstein free of charge.
The FBI invaded this house after the arrest of Epstein and found nude images of underage girls, including at least one who claimed to be among the victims of the financier.
Wexner made his first remarks about Epstein in July after the pedophile was arrested on July 6 for sex trafficking and conspiracy for the abuse of dozens of underage girls between 2002 and 2005.
& # 39; As you can imagine, last week I searched my soul … reflected … and regretted my path ever crossing his own & # 39 ;, he wrote in an email to his employees.
Epstein committed suicide in prison awaiting trial last month.
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