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Retail magnate Les Wexner's deposition regarding his relationship with Jeffrey Epstein reveals his claims of being a 'world-class con artist' victim, yet his testimony is riddled with memory lapses and denials that congressional members and the host find highly questionable.
Wexner claims Epstein conned him out of 'hundreds of millions' and he was unaware of sex trafficking.
He expressed 'shock' at details of Epstein moving over $1.3 billion in his stock and $20 million from his charities.
Congressional members openly doubted Wexner's testimony, stating Epstein's crimes wouldn't have been possible without his support.

Summary

The podcast analyzes the deposition of Les Wexner, founder of L Brands (Victoria's Secret, Bath & Body Works), before the House Committee on Oversight and Government Reform concerning his long-standing relationship with Jeffrey Epstein. Wexner, once Epstein's primary benefactor and employer, repeatedly claims he was conned out of hundreds of millions of dollars and was completely unaware of Epstein's sex trafficking activities. He denies a close personal friendship, despite evidence like a birthday note signed 'Your friend Leslie.' Wexner also expresses 'shock' at revelations of Epstein moving over $1.3 billion in stock and $20 million from his charitable foundations. The host and congressional members present during the deposition express deep skepticism, highlighting contradictions in Wexner's testimony and asserting that Epstein's illicit operations would not have been possible without Wexner's financial support.
This deposition provides direct testimony from one of Jeffrey Epstein's most significant enablers, Les Wexner. His claims of ignorance and victimhood, contrasted with the vast financial resources he provided Epstein, are central to understanding how Epstein operated for so long. The skepticism from congressional members and the host underscores the ongoing questions about accountability for those who facilitated Epstein's crimes, regardless of their claimed awareness.

Takeaways

  • Les Wexner, founder of Victoria's Secret, testified before Congress about his relationship with Jeffrey Epstein.
  • Wexner claims Epstein stole 'hundreds of millions' from him and that he was a victim of a 'world-class con artist'.
  • He denied any knowledge of Epstein's sex trafficking activities or a close personal friendship.
  • Wexner was 'shocked' to learn during the deposition about Epstein moving $1.3 billion of his stock and $20 million from his charities.
  • He was alerted multiple times to Epstein using Victoria's Secret as a 'talent scout' ruse but believed Epstein's denials.
  • Congressional members publicly stated they did not believe Wexner's claims of ignorance and that Epstein's operations relied on Wexner's support.
  • Wexner's attorney reportedly threatened him during the deposition for elaborating too much.

Insights

1Wexner's Claim of Financial Victimhood Contradicted by Lack of Awareness

Les Wexner claims Jeffrey Epstein conned him out of 'hundreds of millions of dollars' and that he was a victim. However, during his deposition, he expressed 'shock' and 'appalled' ignorance when confronted with specific details, such as Epstein moving $1.3 billion of his stock or $20 million from his charitable foundations. This suggests a significant disconnect between his stated victim status and his actual awareness of the financial mechanisms Epstein allegedly exploited.

Wexner stated he didn't know how much Epstein stole and was 'effing surprised' and 'shocked' about the $1.3 billion stock movement and $20 million charitable contributions (, , , ).

2Repeated Denials of Close Friendship Despite Evidence

Wexner consistently denied that he and Epstein were close friends, stating their relationship was purely professional and that he 'never went to lunch or dinner or a movie' with him. Yet, he admitted to writing a birthday note to Epstein, signed 'Your friend Leslie,' and struggled to explain the contradiction, attributing it to Epstein's 'con artist' nature.

Wexner stated, 'I don't think I ever went to lunch or dinner or a movie or had a cup of coffee with Jeffrey' (). He later admitted, 'Sadly, I did' write a birthday letter signed 'Your friend Leslie' (, ) and couldn't explain why he signed it that way if they weren't friends ().

3Ignored Warnings About Epstein's Victoria's Secret Ruse

Wexner was alerted on at least two separate occasions (in 1993 and 1997) that Epstein was impersonating a Victoria's Secret talent scout to approach young women. Each time, Wexner claims he confronted Epstein, who issued 'blanket denials,' which Wexner says he believed, dismissing the allegations as rumors or 'nonsense.'

Wexner recalled being alerted in 1993 about Epstein pretending to be a Victoria's Secret scout, confronting Epstein, and believing his denial (, ). He had a similar conversation in 1997 after a woman filed a police report ().

4Congressional Disbelief in Wexner's Testimony

Following the deposition, congressional members publicly expressed strong doubts about Wexner's credibility. They asserted that Epstein's extensive criminal enterprise, including his island and plane used for trafficking, would not have been possible without Wexner's substantial financial support and trust, despite Wexner's claims of being 'completely in the dark.'

Congressman stated, 'There would be no Epstein Island. There would be no Epstein plane... without the support of Les Wexner' (). Another added, 'The more this deposition goes on, the less Les Wexner knows... it makes it hard to believe Les Wexner's testimony thus far' ().

Key Concepts

The World-Class Con Artist

Wexner repeatedly frames Epstein as an unparalleled 'con artist' to explain his own alleged ignorance of Epstein's financial misdeeds and sexual crimes. This model suggests that Epstein's deceptive genius was so profound it could fool even highly intelligent and successful individuals, absolving those who were close to him of responsibility or complicity.

Lessons

  • Scrutinize financial advisors with extreme diligence, especially those granted broad power of attorney, and implement robust oversight mechanisms for all personal and charitable assets.
  • Do not dismiss allegations or 'rumors' about individuals in positions of trust, particularly when they involve exploitation or abuse; investigate thoroughly rather than accepting blanket denials.
  • Maintain clear boundaries between professional and personal relationships, and be wary of individuals who seek to blur these lines or leverage your name/brand for their own purposes.

Notable Moments

Wexner's attorney appears to threaten him during the deposition.

As Wexner, 88, began to ramble and go off-topic, his attorney was heard saying, 'I will kill you if you answer another question.' The host interprets this as an attempt to control Wexner's testimony and prevent further liability, highlighting the tension and potential fragility of Wexner's defense.

Quotes

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"He would make Bernie Madoff look like a boy scout. I mean diabolical isn't a big enough word."

Les Wexner
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"I was never a participant nor co-conspirator in any of Epstein's illegal activities. To my enormous embarrassment and regret, I, like many others, was duped by a world-class con man."

Les Wexner (statement read by host)
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"I don't think I ever went to lunch or dinner or a movie or had a cup of coffee with Jeffrey."

Les Wexner
"

"There would be no Epstein Island. There'd be no Epstein plane, there'd be no money to traffic women and girls. Mr. Epstein would not be the wealthy man he was without the support of Les Wexner."

Congressman

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