IRS Blindness, Billionaire Bribes, and Epstein’s Empire (3/29/26)

Senator Ron Wyden has sharply criticized the IRS for failing to audit or investigate the massive payments—estimated at at least $158 million, and possibly up to $170 million—made by private equity billionaire Leon Black to Jeffrey Epstein between 2012 and 2017. Wyden questioned how Epstein, who had no formal credentials in tax or accounting, could receive such high sums—exceeding compensation paid to other top advisors—without raising any red flags, and pointed out that much of this was paid “ad hoc” without written contracts. He urged the IRS to explain why these seemingly suspicious tax‑planning transactions were never subject to scrutiny despite their scale and Epstein’s criminal history

Additionally, Wyden revealed that his office accessed a trove of financial records indicating approximately 4,725 wire transfers amounting to over $1 billion linked to Epstein, including interactions with Russian banks connected to sex trafficking. He accused the Treasury Department of withholding these critical Suspicious Activity Reports from oversight and insisted that the lack of broader prosecutions or investigations suggests a cover‑up. Wyden accused federal agencies of “sleepwalking” through evidence that might have exposed Epstein’s alleged façade of financial expertise and facilitated accountability for those who funded his operations.


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source:

Senator Seeks Investigation into Jeffrey Epstein's Work for Leon Black