The billionaire behind the retail empire that once blanketed shopping malls with names such as Victoria’s Secret and Abercrombie & Fitch has told members of Congress on that he was “duped by a world-class con man” - close financial adviser Jeffrey Epstein.
Les Wexner also denied knowing about the late sex offender’s crimes or participating in Epstein’s abuse of girls and young women.
“I was naive, foolish, and gullible to put any trust in Jeffrey Epstein. He was a con man. And while I was conned, I have done nothing wrong and have nothing to hide,” the 88-year-old retired founder of L Brands said in a statement submitted to the House Oversight Committee before an interview conducted at his vast central Ohio estate on Wednesday local time.
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Democrats had subpoenaed him after the latest Justice Department release of Epstein-related documents revealed new details about Wexner’s relationship with the well-connected financier.
Wexner described himself to the lawmakers as a philanthropist, community builder and grandfather who always strove “to live my life in an ethical manner in line with my moral compass,” according to the statement.
He said he was eager “to set the record straight” about his ties with Epstein. Their relationship ended bitterly in 2007, after the Wexners discovered he'd been stealing from them.
As one of Epstein’s most prominent former friends, Wexner has spent years answering for their decades-long association and he sought to use the proceeding to dispel what he called “outrageous untrue statements and hurtful rumour, innuendo, and speculation” that have shadowed him.
Rep. Robert Garcia, a California Democrat who sat in on Wednesday's interview, expressed scepticism in comments to reporters gathered near the proceeding.
“There is no single person that was more involved in providing Jeffrey Epstein with the financial support to commit his crimes than Les Wexner,” he said.
In response to allegations by the prominent late Epstein victim Virginia Giuffre, who claimed in court documents that Wexner was among men Epstein trafficked her to, Wexner testified to utter devotion to his wife of 33 years, Abigail. He said he'd never once been unfaithful “in any way, shape, or form. Never. Any suggestion to the contrary is absolutely and entirely false.”
Wexner's name appears more than 1,000 times in the Epstein files, which does not imply guilt and Wexner has never been charged with any crimes. His spokesperson said the number of mentions is not unexpected given their long-running ties.
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'A most loyal friend’
Epstein first met Leslie Wexner through a business associate around 1986.
It was an opportune time for Wexner’s finances. The Ohio business owner had grown a single Limited store in Columbus into a suite of 1980s mall staples: The Limited, Limited Express, Lane Bryant and Victoria’s Secret. Bath & Body Works, Abercrombie & Fitch, Lerner, White Barn Candle Co. and Henri Bendel would follow.
Wexner told lawmakers that it was several years before he turned over management of his vast fortune to Epstein, after the “master manipulator” connived to gain his trust. He gave Epstein power of attorney in 1991, allowing Epstein to make investments and do business deals and to purchase property and help Wexner as he developed New Albany from a small rural city to a thriving upscale Columbus suburb.
Epstein had “excellent judgment and unusually high standards,” Wexner told Vanity Fair in a 2003 interview, and he was “always a most loyal friend.”
On Wednesday, the billionaire said he didn't circulate in Epstein's social circle, but often heard accounts of his encounters with other wealthy people.
Epstein “carefully used his acquaintance with important individuals to curate an aura of legitimacy,” Wexner said. He said he visited Epstein's infamous island only once, stopping for a few hours one morning with his wife and young children while they were cruising on their boat.
“It is interesting that Mr Wexner has already begun to clarify in his mind that somehow he and Mr. Epstein weren’t even friends,” Garcia told reporters.
“We should be very clear that the two were very close, per reporting. They spent a lot of time together.”
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Epstein recalls ‘gang stuff’
In one of the newly released documents, Epstein sent rough notes to himself about Wexner saying: “never ever, did anything without informing les” and “I would never give him up.”
Another document, an apparent draft letter to Wexner, said the two “had ‘gang stuff’ for over 15 years” and were mutually indebted to each other — as Wexner helped make Epstein rich and Epstein helped make Wexner richer.
Wexner spokesperson Tom Davies said Wexner never received the letter, characterising it as fitting “a pattern of untrue, outlandish, and delusional statements made by Epstein in desperate attempts to perpetuate his lies and justify his misconduct.”
Wexner told the congressional representatives that Epstein “lived a double life,” presenting himself to his wealthy clients as a financial guru with steady girlfriends while “most carefully and fully” hiding his misdeeds with underage girls. “He knew that I never would have tolerated his horrible behaviour. Not any of it,” he said.
Exploiting a sexy brand
Some accusers said Epstein touted his ties to Wexner and claimed that he could help get them jobs modelling for the Victoria’s Secret catalogue.
One woman, an aspiring actor and model, told the FBI that Epstein said he was best friends with the longtime Victoria’s Secret owner and that she’d have to learn to be comfortable in her underwear and not be a prude, according to recently released grand jury testimony.
Another woman said she reported Epstein to police in 1997 after he groped her during what she thought was a modelling interview for the Victoria’s Secret catalogue.
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After Epstein’s 2019 arrest, Wexner’s lawyers told investigators that the businessman had heard a rumour that Epstein might be holding himself out as connected to Victoria’s Secret, prosecutors wrote in a recently disclosed memorandum summarising the probe.
When Wexner asked Epstein about it, Epstein denied doing so, the lawyers said, according to the memo.
Wexner did not address the specific issue in his statement Wednesday, but repeatedly lamented being deceived by Epstein - “an abuser, a crook, and a liar.” L Brands sold off Victoria's Secret in 2020, in one of Wexner's final acts as chair.
A relationship unravels
Wexner did not publicly reveal until after Epstein's arrest on federal sex trafficking charges in July 2019 that he had severed their relationship. In a Wexner Foundation letter that August, he said that happened in 2007. But the Justice Department’s newly released records show the two were in touch after that.
Wexner e-mailed Epstein on June 26, 2008, after a plea deal was announced that would require him to serve 18 months in a Florida jail on a state charge of soliciting prostitution from a minor in order to avoid federal prosecution. He wound up serving 13 months.
“Abigail told me the result … all I can say is I feel sorry. You violated your own number 1 rule … always be careful,” Wexner wrote. Epstein replied: “no excuse.”
Davies said the 2007 date Wexner cited in 2019 applied to firing Epstein as financial adviser, revoking his power of attorney and removing his name from Wexner’s bank accounts.
Wexner also said in the 2019 letter that Epstein had misappropriated “vast sums” of his and his family's fortune while overseeing his finances. An investigative memo from the latest document release says that Wexner’s attorneys told investigators in 2008 that Epstein had repaid him $100 million. Wexner said in Wednesday's statement that Epstein returned “a substantial amount” of the undisclosed total.
Garcia said that congressional investigators have identified more than $1 billion that was “either transferred, provided in stocks or given directly” by Wexner to Epstein - though Wexner “appears to be unaware” of much of it.
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Continuing fallout for Wexner
On Wednesday, Wexner testified that he had never seen Epstein with any young girls and acknowledged the “unfathomable” pain he inflicted, even as discoveries in the Epstein files have placed new pressure on him.
One survivor, Maria Farmer, said a redacted FBI report contained in the document release vindicated her longstanding claim that she filed one of the earliest complaints against Epstein while she was under his employ in 1996 working on an art project at the Wexners' estate.
Meanwhile, survivors of a sweeping sexual abuse scandal at the Ohio State University are citing Wexner's association with Epstein to try to get his name removed from a campus football complex and university nurses also want his name scrubbed from the Wexner Medical Centre.
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