News

U.S.

Jeffrey Epstein Associate Leslie Wexner Steps Down as Victoria’s Secret CEO

A customer passes by an L Brands Inc., Victoria’s Secret retail store in Manhattan, New York, U.S., May 13, 2016. (Brendan McDermid/Reuters)

Leslie Wexner, a close friend of late billionaire and sex trafficker Jeffrey Epstein, stepped down Thursday as CEO of Victoria’s Secret parent company L Brands, effectively ending his control over the retail empire he founded decades ago.

“Today is the beginning of an important new chapter in the evolution of the enterprise,” Wexner wrote in an email to staffers.

The move comes just days after five former wrestlers at Ohio State University, for which Wexner and his wife are two of the biggest donors, requested that the state inspector general investigate the school’s relationship with Epstein. The former wrestlers previously accused Ohio State of failing to protect them from sexually abusive doctor Richard Strauss.

The athletes contend that Wexner’s wife, Abigail Wexner, “helped Jeffrey Epstein sexually assault a young woman named Maria Farmer” in 1996 at a property in Ohio “owned and secured” by the Wexners.

“We turn to you for help, primarily because of Abigail Wexner’s status as Vice Chair of the Board of Trustees at OSU,” the wrestlers stated in a letter earlier this month. “Given these public allegations against Mrs. Wexner, it is extremely difficult for us to comprehend why OSU maintains its relationship with Abigail Wexner and her family.”

Leslie Wexner ceded vast control over his wealth to Epstein, allowing the billionaire financier to manage his money even as far as borrowing money on Wexner’s behalf, signing his tax returns, and making acquisitions, and appointing him a trustee of the Wexner Foundation.

Epstein died in August in his Manhattan jail cell, sparking a Justice Department investigation. His death came a day after court documents were unsealed detailing allegations that the billionaire operated a sex-trafficking ring that abused underage girls as young as 14.

Wexner has since expressed regret about his close relationship with Epstein.

“Being taken advantage of by someone who is … so depraved is something I’m embarrassed I’m even close to,” Leslie Wexner said in September. “In the present, everyone has to feel enormous regret for the advantage that was taken of so many young women.”

“The decision to take this action comes after thorough and thoughtful examination by our Board of the opportunities available to drive long-term value for associates, partners and shareholders,” an L Brands spokeswoman said.

Wexner, 82, will remain chairman emeritus of L Brands after his departure.

Send a tip to the news team at NR.

Most Popular

U.S.

This Is Why We Need Guns

‘Only the cops need guns” simply could not live forever alongside, “The cops are racist and will kill you.” And so, at long last, the two circles of the Venn Diagram have filed for an amicable divorce. In the end, the differences proved irreconcilable. At least, they proved irreconcilable without ... Read More
U.S.

This Is Why We Need Guns

‘Only the cops need guns” simply could not live forever alongside, “The cops are racist and will kill you.” And so, at long last, the two circles of the Venn Diagram have filed for an amicable divorce. In the end, the differences proved irreconcilable. At least, they proved irreconcilable without ... Read More
U.S.

The Lockdowns Are Now a Scandal

A boy in my neighborhood committed suicide a few weeks ago. It’s possible that the teen’s preexisting problems were exacerbated by the seclusion, tediousness, and helplessness of a national lockdown. Maybe not. I didn’t really know him. I do know that locals were forced to pay respects by sitting parked ... Read More
U.S.

The Lockdowns Are Now a Scandal

A boy in my neighborhood committed suicide a few weeks ago. It’s possible that the teen’s preexisting problems were exacerbated by the seclusion, tediousness, and helplessness of a national lockdown. Maybe not. I didn’t really know him. I do know that locals were forced to pay respects by sitting parked ... Read More
Elections

Good Riddance, Valerie Plame

In a week full of bad news, the defeat of Valerie Plame in a New Mexico Democratic congressional primary is easily overlooked. Had Plame won, she would have had a good chance of winning the seat, as the 3rd District is pretty heavily Democratic-leaning, scoring a D+8 in the Cook Partisan Voting Index. In ... Read More
Elections

Good Riddance, Valerie Plame

In a week full of bad news, the defeat of Valerie Plame in a New Mexico Democratic congressional primary is easily overlooked. Had Plame won, she would have had a good chance of winning the seat, as the 3rd District is pretty heavily Democratic-leaning, scoring a D+8 in the Cook Partisan Voting Index. In ... Read More
Science & Tech

About That Scary Hydroxychloroquine Study

Remember that scary hydroxychloroquine study in The Lancet and New England Journal of Medicine that everyone in the media was writing about a few weeks ago? It turns out that the underlying data were likely fake: A Guardian investigation can reveal the US-based company Surgisphere, whose handful of employees ... Read More
Science & Tech

About That Scary Hydroxychloroquine Study

Remember that scary hydroxychloroquine study in The Lancet and New England Journal of Medicine that everyone in the media was writing about a few weeks ago? It turns out that the underlying data were likely fake: A Guardian investigation can reveal the US-based company Surgisphere, whose handful of employees ... Read More
World

Welcome Home, Hong Kong

London doesn’t have the power to push the corrupt little junta in Beijing into being halfway decent to the people of Hong Kong, but Boris Johnson has a bold solution for almost half of those people: Come to the United Kingdom. Hong Kong is a former British territory, and about 3 million of its 7.5 million ... Read More
World

Welcome Home, Hong Kong

London doesn’t have the power to push the corrupt little junta in Beijing into being halfway decent to the people of Hong Kong, but Boris Johnson has a bold solution for almost half of those people: Come to the United Kingdom. Hong Kong is a former British territory, and about 3 million of its 7.5 million ... Read More