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The CEO of Apollo Global Management, one of the world’s biggest private equity firms, is stepping down over ties to convicted sex offender Jeffrey Epstein.
Apollo CEO Leon Black paid more than $150 million to Epstein for financial advice. The New York Times reports there's no evidence of Black participating in any of Epstein’s criminal activities.
Black will stay on as chair for Apollo, a New York-based firm that manages $455 billion for institutional investors.
Read more from The New York Times.
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