Zero Hedge
By Tyler Durden – August 24, 2023
Apollo Global Management is being sued by shareholders over an ‘improper’ distribution to executives of roughly $570 million to cover tax obligations.
Recall that Apollo founder Leon Black was forced out over revelations that he had paid $158 million for tax advice and other professional services from dead sex offender pedophile Jeffrey Epstein. According to the lawsuit reported by the Financial Times, Black is in line to receive roughly $276 million from Apollo coffers.