Jeffrey Epstein Linked to $100M Newport Superyacht of Victoria’s Secret Chairman Wexner
Friday, July 26, 2019
New information ties Jeffrey Epstein directly to one of the world's most valuable superyachts, billionaire Les Wexner’s Limitless -- whose official registry port is Newport, Rhode Island.
Wexner is Chairman and Chief Executive Officer of L Brands, which owns Victoria’s Secret, Pink and Bath & Body Works. The company employs 80,000 and has sales in excess of $13 billion.
Epstein and Wexner have a longstanding intertwined personal and business relationship which includes Epstein buying Wexman’s New York City $70 million townhouse, serving as Wexner's money manager, traveling extensively together and helping Wexner build his $100 million yacht.
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Wexner and his family are listed as having a net worth of $4.7 billion, according to Forbes. He started the company in 1963, when he borrowed money from his aunt to launch the Limited.
Epstein was charged earlier in July by federal prosecutors alleging that the investor sexually abused numerous teenage girls. READ THE INDICTMENT BELOW
“By 1995, Epstein was a director of the Wexner Foundation and Wexner Heritage Foundation and president of Wexner’s N.A. Property Inc., which developed the town of New Albany outside Columbus [Ohio] where Wexner lives. Epstein also played a role in building Wexner’s superyacht, “Limitless,” attending meetings at the boat’s design firm’s London studios,” reports Bloomberg.
The yacht’s home port is listed as Newport, Rhode Island according to CharterWorld — the preeminent site for yacht charters.
GoLocal learned that Wexner’s yacht is not presently in Newport.
Using the global tracking site MarineTraffic.com, GoLocal tracked Limitless to Puerto de Palma in Spain as of Thursday evening.
Limitless was completed in 1997. The 316-foot long yacht has a crew of 20 and sleeps 10.
"Mr. Wexner handed him [Epstein] sweeping powers over his finances, philanthropy and private life, according to interviews with people who knew the men as well as court documents and financial records," reported the NewYork Times on Thursday. "Mr. Wexner authorized him to borrow money on his behalf, to sign his tax returns, to hire people and to make acquisitions. Over the years, Mr. Epstein obtained a New York mansion, a private plane and a luxury estate in Ohio — today valued at roughly $100 million all together — previously owned by Mr. Wexner or his companies. At the same time, he drove a wedge between Mr. Wexner and longtime associates and friends,”
On Thursday, L Brands Inc. announced that its board of directors has hired an outside law firm to conduct a review of financier Jeffrey Epstein’s role at the retail company, reported the Cut.
Epstein's Friends
Wexner joins sitting President Donald Trump and former President Bill Clinton as those who are on the record as friends of Epstein.
As a money manager, Epstein repeatedly claimed he only worked with billionaires, but his friends included actor Kevin Spacey, former Harvard President Larry Summers and attorney for Claus Von Bulow and Harvard law professor Alan Dershowitz, who told Vanity Fair in 2011, “I’m on my 20th book…. The only person outside of my immediate family that I send drafts to is Jeffrey.”
But while Epstein's friends included America's wealthiest and most influential, it was his friendship with Wexner that was special.
"Yet he [Epstein] does not deny that he and Wexner have a special relationship. Epstein sees it as a partnership of equals. 'People have said it’s like we have one brain between two of us: each has a side.'
'I think we both possess the skill of seeing patterns,' says Wexner. 'But Jeffrey sees patterns in politics and financial markets, and I see patterns in lifestyle and fashion trends. My skills are not in investment strategy, and, as everyone who knows Jeffrey knows, his are not in fashion and design. We frequently discuss world trends as each of us sees them,'" reported Vanity Fair.
Today, Epstein is being held in federal prison. He reportedly was attacked or tried to commit suicide this week.
Related Slideshow: Jeffrey Epstein Indictment - July 8, 2019
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