Wexner Testifies He Was ‘Duped’ by Epstein, Denies Abuse Knowledge
Les Wexner, the 88-year-old founder of L Brands – the retail empire behind Victoria’s Secret and Abercrombie & Fitch – testified before the House Oversight Committee on Wednesday, stating he was “duped” by his former financial advisor, Jeffrey Epstein. Wexner denied any knowledge of Epstein’s criminal activity or participation in the abuse of young women.
A Decades-Long Relationship
Wexner described Epstein as a “con man” and maintained his innocence, asserting he has “nothing to hide.” He stated he first met Epstein around 1986, a period of significant growth for his business, which included The Limited, Lane Bryant, and Victoria’s Secret. He granted Epstein power of attorney in 1991, allowing him to manage investments and assist in the development of New Albany, Ohio.
Skepticism from Lawmakers
Representative Robert Garcia expressed strong skepticism regarding Wexner’s claims, stating that Wexner was “more involved in providing Jeffrey Epstein with the financial support to commit his crimes than” anyone else. This statement came after the release of Justice Department documents detailing the extent of their relationship. Epstein’s notes reportedly indicated a mutual dependence, describing their connection as lasting “over 15 years” and involving mutual enrichment.
Allegations of Exploitation
Accusations have surfaced alleging Epstein leveraged his connection to Wexner to facilitate abuse, suggesting he offered potential modelling opportunities with Victoria’s Secret as a lure. One woman testified to the FBI that Epstein claimed to be “best friends with the longtime Victoria’s Secret owner.” Wexner’s lawyers were previously informed of these claims, and Epstein reportedly denied them when questioned.
A Relationship Severed – and Continued?
Wexner stated their relationship ended in 2007 after discovering Epstein had been stealing from him. However, newly released documents reveal communication continued between the two even after that date, including an email from Wexner expressing sympathy after Epstein’s 2008 plea deal. Wexner’s spokesperson clarified the 2007 date referred to the end of Epstein’s role as financial advisor and the revocation of his power of attorney.
Financial Transactions Under Scrutiny
Congressional investigators have reportedly identified over $1 billion in transactions between Wexner and Epstein, though Wexner claims to be unaware of the full extent of these transfers. Epstein is alleged to have misappropriated “vast sums” of Wexner’s and his family’s fortune, with some funds reportedly repaid – though the total amount remains undisclosed.
Frequently Asked Questions
What was the nature of Les Wexner’s relationship with Jeffrey Epstein?
Les Wexner stated he was “duped” by Jeffrey Epstein, whom he described as a “con man.” He granted Epstein power of attorney in 1991, allowing him to manage finances and investments, but claims he was unaware of Epstein’s criminal activities.
What has been the reaction to Wexner’s testimony?
Representative Robert Garcia expressed skepticism, stating Wexner was instrumental in providing Epstein with the financial means to commit his crimes. Survivors of abuse are also seeking to have Wexner’s name removed from institutions like Ohio State University.
When did Les Wexner say he ended his relationship with Jeffrey Epstein?
Wexner initially stated he ended their relationship in 2007, but newly released documents show communication continued after that date. His spokesperson clarified that 2007 marked the end of Epstein’s role as financial advisor and the revocation of his power of attorney.
As investigations continue and more details emerge from the released Epstein files, it remains to be seen what further scrutiny Les Wexner and his business dealings may face.