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January 1, 1991investigationfinancial regulationelite accountabilitycriminal justice

Wexner gives Epstein power of attorney over $1 billion fortune

Retail billionaire Leslie Wexner granted Jeffrey Epstein sweeping power of attorney over his personal finances in 1991, giving Epstein control over assets estimated at more than $1 billion. The arrangement allowed Epstein to buy property, manage investments, and conduct financial transactions in Wexner's name. This extraordinary transfer of financial authority would later be scrutinized as investigators traced how Epstein amassed his own fortune despite having no disclosed clients other than Wexner.