Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

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A few dozen people gathered inside a graffiti-clad building in the Carabanchel district of Madrid. They had come to commiserate about the American investment banks and private equity funds that controlled their homes. Some at this meeting of the Sindicato de Vivienda de Carabanchel (the Carabanchel Housing Union) were fighting eviction orders or skyrocketing rents. Others had lost their homes through mortgage foreclosures. One attendee, Elsa Riquelme, described her yearslong battle to stay in the 600-square-foot apartment where she raised her three sons, which is now owned by Blackstone, the world's largest private equity firm. Over the past decade, Blackstone has become Madrid's largest private owner of residential real estate, and the second largest in all of Spain. Ms. Riquelme's apartment is one of 13,000 that Blackstone currently owns in Madrid, and among 19,600 it owns nationwide. Across Spain, around 185,000 rental properties are now owned by large corporations, half of those by firms based in the United States. Rental prices have increased 57 percent since 2015 and home prices 47 percent ... even as more than 4 million homes sit empty. After the pandemic pushed Spain's unemployment rate up to 15 percent, evictions nationwide spiked. In Madrid, tenant groups estimate that 20,000 renters in the city currently face the threat of eviction. These days, just 2 percent of Spanish homes available for rent are public housing. In France it's 14 percent; in the Netherlands it's 34 percent.

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More than 500 social media creators were part of a covert electioneering effort by Democratic donors to shape the presidential election in favor of Kamala Harris. Payments went to party members with online followings but also to non-political influencers – people known for comedy posts, travel vlogs or cooking YouTubes – in exchange for "positive, specific pro-Kamala content" meant to create the appearance of a groundswell of support. Meanwhile, a similar pay-to-post effort among conservative influencers publicly unraveled. The goal was to publish messages in opposition to Health and Human Services Secretary Robert F. Kennedy Jr.'s push to remove sugary soda beverages from eligible SNAP food stamp benefits. Influencers were allegedly offered money to denounce soda restrictions as "an overreach that unfairly targets consumer choice" and encouraged to post pictures of President Trump enjoying Coca-Cola products. In both schemes, on the left and the right, those creating the content made little to no effort to disclose that payments could be involved. For ordinary users stumbling on the posts and videos, what they saw would have seemed entirely organic. If genuine public sentiment becomes indistinguishable from manufactured opinion, we lose our collective ability to recognize the truth and make informed decisions. The entire social media landscape [is] vulnerable to hidden manipulation, where money from interest groups or corporations or even rich individuals can silently shape what appears to be authentic discourse. Transparency in political influencing requires regulatory action.

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The Environmental Protection Agency just hid data that mapped out the locations of thousands of dangerous chemical facilities, after chemical industry lobbyists demanded that the Trump administration take down the public records. The webpage was quietly shut down late Friday ... stripping away what advocates say was critical information on the secretive chemical plants at highest risk of disaster across the United States. The data was made public last year through the Environmental Protection Agency (EPA)'s Risk Management Program, which oversees the country's highest-risk chemical facilities. These chemical plants deal with dangerous, volatile chemicals – like those used to make pesticides, fertilizers, and plastics – and are responsible for dozens of chemical disasters every year. The communities near these chemical facilities suffer high rates of pollution and harmful chemical exposure. There are nearly 12,000 Risk Management Program facilities across the country. For decades, it was difficult to find public data on where the high-risk facilities were located, not to mention information on the plants' safety records and the chemicals they were processing. But the chemical lobby fiercely opposed making the data public – and has been fighting for the EPA to take it down. After President Donald Trump's victory in November, chemical companies donated generously to his inauguration fund.

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American police departments ... are paying hundreds of thousands of dollars for an unproven and secretive technology that uses AI-generated online personas designed to interact with and collect intelligence on "college protesters," "radicalized" political activists, suspected drug and human traffickers ... with the hopes of generating evidence that can be used against them. Massive Blue, the New York–based company that is selling police departments this technology, calls its product Overwatch, which it markets as an "AI-powered force multiplier for public safety" that "deploys lifelike virtual agents, which infiltrate and engage criminal networks across various channels." 404 Media obtained a presentation showing some of these AI characters. These include a "radicalized AI" "protest persona," which poses as a 36-year-old divorced woman who is lonely, has no children, is interested in baking, activism, and "body positivity." Other personas are a 14-year-old boy "child trafficking AI persona," an "AI pimp persona," "college protestor," "external recruiter for protests," "escorts," and "juveniles." After Overwatch scans open social media channels for potential suspects, these AI personas can also communicate with suspects over text, Discord, and other messaging services. The documents we obtained don't explain how Massive Blue determines who is a potential suspect based on their social media activity. "This idea of having an AI pretending to be somebody, a youth looking for pedophiles to talk online, or somebody who is a fake terrorist, is an idea that goes back a long time," Dave Maass, who studies border surveillance technologies for the Electronic Frontier Foundation. "The problem with all these things is that these are ill-defined problems. What problem are they actually trying to solve? One version of the AI persona is an escort. I'm not concerned about escorts. I'm not concerned about college protesters. What is it effective at, violating protesters' First Amendment rights?"

Note: Academic and private sector researchers have been engaged in a race to create undetectable deepfakes for the Pentagon. Historically, government informants posing as insiders have been used to guide, provoke, and even arm the groups they infiltrate. In terrorism sting operations, informants have encouraged or orchestrated plots to entrap people, even teenagers with development issues. These tactics misrepresent the threat of terrorism to justify huge budgets and to inflate arrest and prosecution statistics for PR purposes.

U.S. Secretary of Agriculture Brooke Rollins, in a brief announcement unveiling new staff hires on Monday, released a blurb about Kelsey Barnes, her recently appointed senior advisor. Barnes is a former lobbyist for Syngenta, the Chinese state-owned giant that manufactures and sells a number of controversial pesticide products. Syngenta's atrazine-based herbicides, for instance, is banned in much of the world yet is widely used in American agriculture. It is linked to birth defects, low sperm quality, irregular menstrual cycles, and other fertility problems. The leadership of USDA is filled with personnel with similar backgrounds. Scott Hutchins, the undersecretary for research, is a former Dow Chemical executive at the firm's pesticide division. Kailee Tkacz Buller, Rollins's chief of staff, previously worked as the president of the National Oilseed Processors Association and Edible Oil Producers Association, groups that lobby for corn and other seed oil subsidies. Critics have long warned that industry influence at the USDA creates inherent conflicts of interest, undermining the agency's regulatory mission and public health mandates. The revolving door hires also highlight renewed tension with the "Make America Healthy Again" agenda promised by Health and Human Services Secretary Robert F. Kennedy, Jr. The 2025-2030 Dietary Guidelines for Americans may serve as a test of whether establishment industry influence at the agencies will undermine MAHA promises.

Note: Read our latest Substack article on how the US government turns a blind eye to the corporate cartels fueling America's health crisis. For more along these lines, read our concise summaries of news articles on government corruption and toxic chemicals.

On March 21, Treasury Secretary Scott Bessent announced that U.S. shell companies and their owners can once again conceal their identities – a move critics warn could weaken national security and spur illicit financial activity that puts the American public at risk. Treasury's initial beneficial ownership information (BOI) disclosure requirement for all companies with less than 20 employees garnered bipartisan support and Trump's approval during his first administration, but it was short-lived. Officially brought into force last January 2024, and then stymied by lawsuits, the requirement passed its final legal roadblock in February 2025 – only to be shelved a month later by the administration. Now, when a U.S. citizen sets up a shell company in the U.S., they do not have to disclose their identity or the identities of the company's "beneficial owners," or the individuals who profit from the company or control its activities. American beneficial owners of foreign shell companies that register in the U.S. have been granted the same anonymity. Under the latest limited regulation, only non-American owners will be required to register with the U.S. government. U.S. shell companies have been successfully used as cover for illegal arms sales for decades. Hints of a business's true breadth and depth only emerge when a trafficker is apprehended, such as the case of Pierre Falcone who used secret accounts in Arizona to hide his proceeds from arms trafficking to Angola.

Note: For more along these lines, read our concise summaries of news articles on corruption in government and in the corporate world.

2,500 US service members from the 15th Marine Expeditionary Unit [tested] a leading AI tool the Pentagon has been funding. The generative AI tools they used were built by the defense-tech company Vannevar Labs, which in November was granted a production contract worth up to $99 million by the Pentagon's startup-oriented Defense Innovation Unit. The company, founded in 2019 by veterans of the CIA and US intelligence community, joins the likes of Palantir, Anduril, and Scale AI as a major beneficiary of the US military's embrace of artificial intelligence. In December, the Pentagon said it will spend $100 million in the next two years on pilots specifically for generative AI applications. In addition to Vannevar, it's also turning to Microsoft and Palantir, which are working together on AI models that would make use of classified data. People outside the Pentagon are warning about the potential risks of this plan, including Heidy Khlaaf ... at the AI Now Institute. She says this rush to incorporate generative AI into military decision-making ignores more foundational flaws of the technology: "We're already aware of how LLMs are highly inaccurate, especially in the context of safety-critical applications that require precision." Khlaaf adds that even if humans are "double-checking" the work of AI, there's little reason to think they're capable of catching every mistake. "‘Human-in-the-loop' is not always a meaningful mitigation," she says.

Note: For more, read our concise summaries of news articles on warfare technology and Big Tech.

Outer space is no longer just for global superpowers and large multinational corporations. Developing countries, start-ups, universities, and even high schools can now gain access to space. In 2024, a record 2,849 objects were launched into space. The commercial satellite industry saw global revenue rise to $285 billion in 2023, driven largely by the growth of SpaceX's Starlink constellation. While the democratization of space is a positive development, it has introduced ... an ethical quandary that I call the "double dual-use dilemma." The double dual-use dilemma refers to how private space companies themselves–not just their technologies–can become militarized and integrated into national security while operating commercially. Space companies fluidly shift between civilian and military roles. Their expertise in launch systems, satellites, and surveillance infrastructure allows them to serve both markets, often without clear regulatory oversight. Companies like Walchandnagar Industries in India, SpaceX in the United States, and the private Chinese firms that operate under a national strategy of the Chinese Communist Party called Military-Civil Fusion exemplify this trend, maintaining commercial identities while actively supporting defense programs. This blurring of roles, including the possibility that private space companies may develop their own weapons, raises concerns over unchecked militarization and calls for stronger oversight.

Note: For more along these lines, read our concise summaries of news articles on corruption in the military and in the corporate world.

Ever thought of having your genome sequenced? 23andMe ... describes itself as a "genetics-led consumer healthcare and biotechnology company empowering a healthier future". Its share price had fallen precipitately following a data breach in October 2023 that harvested the profile and ethnicity data of 6.9 million users – including name, profile photo, birth year, location, family surnames, grandparents' birthplaces, ethnicity estimates and mitochondrial DNA. So on 24 March it filed for so-called Chapter 11 proceedings in a US bankruptcy court. At which point the proverbial ordure hit the fan because the bankruptcy proceedings involve 23andMe seeking authorisation from the court to commence "a process to sell substantially all of its assets". And those assets are ... the genetic data of the company's 15 million users. These assets are very attractive to many potential purchasers. The really important thing is that genetic data is permanent, unique and immutable. If your credit card is hacked, you can always get a new replacement. But you can't get a new genome. When 23andMe's data assets come up for sale the queue of likely buyers is going to be long, with health insurance and pharmaceutical giants at the front, followed by hedge-funds, private equity vultures and advertisers, with marketers bringing up the rear. Since these outfits are not charitable ventures, it's a racing certainty that they have plans for exploiting those data assets.

Note: Watch our new video on the risks and promises of emerging technologies. For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

Skydio, with more than $740m in venture capital funding and a valuation of about $2.5bn, makes drones for the military along with civilian organisations such as police forces and utility companies. The company moved away from the consumer market in 2020 and is now the largest US drone maker. Military uses touted on its website include gaining situational awareness on the battlefield and autonomously patrolling bases. Skydio is one of a number of new military technology unicorns – venture capital-backed startups valued at more than $1bn – many led by young men aiming to transform the US and its allies' military capabilities with advanced technology, be it straight-up software or software-imbued hardware. The rise of startups doing defence tech is a "big trend", says Cynthia Cook, a defence expert at the Center for Strategic and International Studies, a Washington-based-thinktank. She likens it to a contagion – and the bug is going around. According to financial data company PitchBook, investors funnelled nearly $155bn globally into defence tech startups between 2021 and 2024, up from $58bn over the previous four years. The US has more than 1,000 venture capital-backed companies working on "smarter, faster and cheaper" defence, says Dale Swartz from consultancy McKinsey. The types of technologies the defence upstarts are working on are many and varied, though autonomy and AI feature heavily.

Note: For more, watch our 9-min video on the militarization of Big Tech.

In July 2012, a renegade American businessman, Russ George, took a ship off the coast of British Columbia and dumped 100 tons of iron sulfate dust into the Pacific Ocean. He had unilaterally, and some suggest illegally, decided to trigger an algae bloom to absorb some carbon dioxide from the atmosphere–an attempt at geoengineering. Now a startup called Stardust seeks something more ambitious: developing proprietary geoengineering technology that would help block sun rays from reaching the planet. Stardust formed in 2023 and is based in Israel but incorporated in the United States. Geoengineering projects, even those led by climate scientists at major universities, have previously drawn the ire of environmentalists and other groups. Such a deliberate transformation of the atmosphere has never been done, and many uncertainties remain. If a geoengineering project went awry, for example, it could contribute to air pollution and ozone loss, or have dramatic effects on weather patterns, such as disrupting monsoons in populous South and East Asia. Stardust ... has not publicly released details about its technology, its business model, or exactly who works at its company. But the company appears to be positioning itself to develop and sell a proprietary geoengineering technology to governments that are considering making modifications to the global climate–acting like a kind of defense contractor for climate alteration.

Note: Regenerative farming is far safer and more promising than geoengineering for stabilizing the climate. For more along these lines, read our concise summaries of news articles on geoengineering and science corruption.

The U.S. Food and Drug Administration on Thursday launched an online searchable database listing contaminant levels in human foods, reflecting Health Secretary Robert F. Kennedy Jr.'s ongoing efforts to reduce chemicals in food since taking office. The FDA said if a food product has contaminants exceeding established levels, the agency may find the food to be unsafe. However, it added these levels do not represent "permissible levels of contamination". The Health Secretary has often stressed reducing chemicals in food and, in the previous week, directed the FDA to revise safety rules to help eliminate a provision allowing companies to self-affirm food ingredient safety. RFK Jr. also told food companies ... that the Trump administration wanted artificial dyes out of the food supply. The FDA said it is establishing an online database called "Chemical Contaminants Transparency Tool" to provide a list of contaminant levels called "tolerances, action levels and guidance levels" to evaluate the potential health risks of these contaminants in human foods. "Ideally there would be no contaminants in our food supply, but chemical contaminants may occur in food when they are present in the growing, storage or processing environments," said Acting FDA Commissioner Sara Brenner. The online database also provides information such as the contaminant name, commodity and contaminant level type.

Note: Read more about the growing list of toxic chemicals banned in other countries but not the US. For more along these lines, read our concise summaries of news articles on food system corruption and toxic chemicals.

Last April, in a move generating scant media attention, the Air Force announced that it had chosen two little-known drone manufacturers – Anduril Industries of Costa Mesa, California, and General Atomics of San Diego – to build prototype versions of its proposed Collaborative Combat Aircraft (CCA), a future unmanned plane intended to accompany piloted aircraft on high-risk combat missions. The lack of coverage was surprising, given that the Air Force expects to acquire at least 1,000 CCAs over the coming decade at around $30 million each, making this one of the Pentagon's costliest new projects. But consider that the least of what the media failed to note. In winning the CCA contract, Anduril and General Atomics beat out three of the country's largest and most powerful defense contractors – Boeing, Lockheed Martin, and Northrop Grumman – posing a severe threat to the continued dominance of the existing military-industrial complex, or MIC. The very notion of a "military-industrial complex" linking giant defense contractors to powerful figures in Congress and the military was introduced on January 17, 1961, by President Dwight D. Eisenhower in his farewell address. In 2024, just five companies – Lockheed Martin (with $64.7 billion in defense revenues), RTX (formerly Raytheon, with $40.6 billion), Northrop Grumman ($35.2 billion), General Dynamics ($33.7 billion), and Boeing ($32.7 billion) – claimed the vast bulk of Pentagon contracts.

Note: For more along these lines, read our concise summaries of news articles on Big Tech and military corruption.

Juliet Gray never thought her makeup could harm her. But after years of regularly applying powders, eye shadow, and blush, Gray was diagnosed with peritoneal mesothelioma, an aggressive, incurable form of cancer. The cancer's primary cause is long-term exposure to asbestos – a common contaminant in talc, one of the main ingredients in well-known cosmetic brands. Like thousands of others, Gray is suing Whittaker, Clark, & Daniels, a longtime talc supplier for cosmetic companies like Revlon, Maybelline, and L'OrĂ©al, alleging it exposed her to harmful levels of asbestos without her knowledge. In 2007, three years after Whittaker, Clark, & Daniels ceased talc operations amid mounting health concerns, a Berkshire Hathaway subsidiary purchased the company's equity. But in 2023, as the "deluge" of asbestos lawsuits continued to climb, the former talc supplier filed for bankruptcy – a legal maneuver known as the Texas Two-Step in which giant corporations use bankruptcy courts to shield themselves from legal liabilities. Over the years, Berkshire Hathaway has faced dozens of lawsuits alleging that "Berkshire-owned companies wrongfully delay or deny compensation to cancer victims and others to boost Berkshire's profits," according to a 2013 investigation. But by 2011, the company found itself facing an increasing number of lawsuits alleging tainted cosmetic talc had caused mesothelioma, eventually racking up $300 million in claim bills.

Note: For more along these lines, read our concise summaries of news articles on corporate corruption and toxic chemicals.

The for-profit prison company GEO Group has surged in value under President Donald Trump. Its stock price doubled after Election Day. But despite its soaring fortunes, the $4 billion company continues to resist having to pay detainees more than $1 a day for cleaning facilities where the government has forced them to live. At the 1,575-bed detention center GEO runs for Immigration and Customs Enforcement in Tacoma, Washington, detainees once prepared meals, washed laundry and scrubbed toilets, doing jobs that would otherwise require 85 full-time employees, the company estimated. The state's minimum wage at the time was $11 an hour. (It's now $16.66.) In 2017, Washington sued GEO to enforce it, and in October 2021 a federal jury ruled unanimously in the state's favor. This year, GEO and Washington are back in court – for a third time – as the company tries to reverse the earlier decision that sided with the state. Mike Faulk, a spokesperson for the Washington state attorney general's office, said testimony in the minimum-wage issue highlights the problem with housing detainees in private prisons: profit motive. Not only did GEO pay $1 a day for cleaning in Tacoma, it budgeted less than $1 per meal that each detainee ate, one kitchen worker testified. "So the grade of food is abysmal," Faulk said of the detainee's testimony. "He routinely picked out grasshoppers/insects from the food." Conditions in Tacoma are worsening as the number of detainees rises.

Note: For more along these lines, read our concise summaries of news articles on corporate corruption and immigration enforcement corruption.

Da Ying "David" Sze walked out of a four-story concrete warehouse in Queens, New York, carrying several bags full of money. Federal agents had been surveilling him for months. They suspected him of leading a gang of money launderers whose clients included Chinese fentanyl dealers. Most of that business had been conducted at one institution: TD Bank. When investigators looked closer at the bank, they realized Sze wasn't the only criminal who'd made TD their depository of choice. There was the group from Manhattan's Diamond District using bogus gold sales to launder money. The Colombian drug traffickers using TD debit cards to bring their US profits back home. And the human trafficking ring that claimed to be an HVAC company when it opened an account. The more investigators looked at TD, the more money laundering they found. Last year, TD's American subsidiary became the first US bank ever to plead guilty to conspiracy to commit money laundering. The company agreed to pay $3.1 billion in fines to various parts of the federal government, a sum that included the biggest penalty ever levied by the Department of Justice under the Bank Secrecy Act, the main US anti-money-laundering law. More than two dozen people, including three bank employees, have already been charged. US authorities have also imposed an asset cap on TD's American retail operations, limiting their size indefinitely. This is among the most feared punishments in banking.

Note: Read our Substack on the dark truth about the war on drugs. For more along these lines, read our concise summaries of news articles on financial industry corruption and the war on drugs.

Consultants assessing Covid vaccine damage claims on behalf of the NHS have been paid millions more than the victims, it has emerged. Freedom of Information requests made by The Telegraph show that US-based Crawford and Company has carried out nearly 13,000 medical assessments, but dismissed more than 98 per cent of cases. Just 203 claimants have been notified they are entitled to a one-off payment of Ł120,000 through the Vaccine Damage Payment Scheme (VDPS) amounting to Ł24,360,000. Yet Crawford and Company has received Ł27,264,896 for its services. Prof Richard Goldberg, chairman in law at Durham University, with a special interest in vaccine liability and compensation, said: "The idea that this would be farmed out to a private company to make a determination is very odd. It's taxpayers money and money is tight at the moment. "The lack of transparency is not helpful and there is a terrible sense of secrecy about all of this. One gets the sense that their main objective is for these cases not to succeed. "There are no stats available so we don't know the details about how these claims are being decided or whether previous judgments are being taken into account." The Hart (Health Advisory and Recovery Team) group, which was set up by medical professionals and scientists during the pandemic, has warned that Crawford and Company has a "troubling reputation with numerous reports of mismanagement and claims denials across various sectors".

Note: COVID vaccine manufacturers have total immunity from liability if people die or become injured as a result of the vaccine. Our Substack dives into the complex world of COVID vaccines with nuance and balanced investigation. For more along these lines, read our concise summaries of news articles on COVID vaccine problems.

The owner of a data brokerage business recently ... bragged about the degree to which his industry could collect and analyze data on the habits of billions of people. Publicis CEO Arthur Sadoun said that ... his company [can] deliver "personalized messaging at scale" to some 91 percent of the internet's adult web users. To deliver that kind of "personalized messaging" (i.e., advertising), Publicis must gather an extraordinary amount of information on the people it serves ads to. Lena Cohen, a technologist with the Electronic Frontier Foundation, said that data brokers like Publicis collect "as much information as they can" about web users. "The data broker industry is under-regulated, opaque, and dangerous, because as you saw in the video, brokers have detailed information on billions of people, but we know relatively little about them," Cohen said. "You don't know what information a data broker has on you, who they're selling it to, and what the people who buy your data are doing with it. There's a real power/knowledge asymmetry." Even when state-level privacy regulations are passed (such as the California Consumer Privacy Law), those cases are often not given enough focus or resources for the laws to be enforced effectively. "Most government agencies don't have the resources to enforce privacy laws at the scale that they're being broken," Cohen said. Cohen added that she felt online behavioral advertising–that is, advertising that is based on an individual web user's specific browsing activity–should be illegal. Banning behavioral ads would "fundamentally change the financial incentive for online actors to constantly surveil" web users and share their data with brokers, Cohen said.

Note: Read more about the disturbing world of online behavioral ads, where the data isn't just used to sell products. It's often accessed by governments, law enforcement, intelligence agencies, and other actors–sometimes without warrants or oversight. This turns a commercial ad system into a covert surveillance network. For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

Careless People [is] a whistleblowing book by a former [Meta] senior employee, Sarah Wynn-Williams. In the 78-page document that Wynn-Williams filed to the SEC ... it was alleged that Meta had for years been making numerous efforts to get into the biggest market in the world. These efforts included: developing a censorship system for China in 2015 that would allow a "chief editor" to decide what content to remove, and the ability to shut down the entire site during "social unrest"; assembling a "China team" in 2014 for a project to develop China-compliant versions of Meta's services; considering the weakening of privacy protections for Hong Kong users; building a specialised censorship system for China with automatic detection of restricted terms; and restricting the account of Guo Wengui, a Chinese government critic. In her time at Meta, Wynn-Williams observed many of these activities at close range. Clearly, nobody in Meta has heard of the Streisand effect, "an unintended consequence of attempts to hide, remove or censor information, where the effort instead increases public awareness of the information". What strikes the reader is that Meta and its counterparts are merely the digital equivalents of the oil, mining and tobacco conglomerates of the analogue era.

Note: A former Meta insider revealed that the company's policy on banning hate groups and terrorists was quietly reshaped under political pressure, with US government agencies influencing what speech is permitted on the platform. Watch our new video on the risks and promises of emerging technologies. For more along these lines, read our concise summaries of news articles on censorship and Big Tech.

Senator Ron Wyden (D-OR) is releasing new information on a financier's ties to Jeffrey Epstein's operations, the ranking member of the Senate Finance Committee announced. Since 2022, the committee has been investigating billionaire financier Leon Black – who co-founded and previously led asset management firm Apollo Global Management as CEO and has made payments to Epstein. Wyden is calling on the Department of Justice, the Treasury and the Federal Bureau of Investigation to "lift the veil" on financial support for Epstein. Wyden sent a letter to the federal agencies, providing the new findings from the committee's investigation, which is looking into payments of at least $158 million from Black to Epstein for "purported tax and estate planning advice." Wyden says the investigation led to new evidence through federal government records that show funds from Black to Epstein were used to finance Epstein's sex trafficking operations. The Finance Committee also obtained a 2023 settlement agreement between Black and the Attorney General of the U.S. Virgin Islands. Under the $62 million settlement, Black gained immunity from criminal prosecution in the USVI for financially supporting Epstein, according to Wyden, noting the settlement acknowledges "Jeffrey Epstein used the money Black paid him to partially fund his operations." A major U.S. bank waited seven years to report Black's payments to Epstein to the Treasury Department.

Note: For more along these lines, read our concise summaries of news articles on financial system corruption and Jeffrey Epstein's child sex and blackmail ring.

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