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‘My trust in him was grossly misplaced’

Les Wexner, the billionaire who controls Victoria’s Secret, was Jeffrey Epstein’s most prominent client. Now the retail executive has accused the financier of misappropriating “vast sums of money,” Steve Eder and Emily Steel of the NYT write.

The most detailed account yet of their relationship is a 564-word letter that Mr. Wexner sent to his foundation yesterday. It sheds some light on how his life became intertwined with Mr. Epstein, who is accused of abusing underage girls.

Mr. Wexner discovered misuse of his money in 2007, when he began to distance himself from Mr. Epstein. By that point, the Florida authorities had charged Mr. Epstein with molestation and unlawful sexual activity with a minor.

The billionaire defended giving Mr. Epstein power of attorney, which let the financier hire people, sign checks and buy property on his behalf. Mr. Wexner said the move was “common in that context.”