Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005. Patrick McMullan | Getty Images

Before hedge fund manager Jeffrey Epstein went to jail in Florida more than a decade ago, billionaire L Brands founder and Chairman Les Wexner was trying to distance himself from the accused child molester. That didn't stop Epstein in 2008 from essentially bankrolling one of Wexner's first nonprofit foundations with a contribution of more than $40 million in stock and other assets. The transactions were received only months before Epstein was sentenced to a term in a Palm Beach County jail on a charge of soliciting an underage prostitute. Epstein is back in the news after his arrest Saturday on an indictment filed by the U.S. Attorney's Office for the Southern District of New York which charged him with trafficking dozens of underage girls. Some of the alleged crimes took place in a New York townhouse once owned by Wexner. He is currently being held without bail. Wexner was known to be one of the money manager's few clients.

The case has reignited interest in the politically connected businessman who was once friendly with President Donald Trump and President Bill Clinton. And it has prompted some who received money from him to wash their hands of it. On Wednesday, Sen. Chuck Schumer, D.-N.Y., said he would donate $7,000 in contributions from Epstein to charity. Stacey Plaskett, Democratic U.S. Virgin Islands congresswoman, has also decided to give her Epstein contributions to two different charities. Epstein provided initial financing to Wexner's YLK Charitable Fund more than 10 years ago, even as Wexner and his wife started to break away from the financier after the initial accusations surfaced, according to someone in their inner circle. "They are both very prominent in Columbus [Ohio]" the person told CNBC on Wednesday. "It's just unseemly that they would associate with someone who first was accused of things that made them extremely uncomfortable and then he eventually pleaded guilty to those offenses," the person said. When asked about Epstein's behemoth donations to the foundation before going to jail, this person refused to comment. It is unclear whether the Wexners will give the money away. Just before Epstein began a 13-month jail term, his firm, the Financial Trust Co., based in the U.S. Virgin Islands, and his own nonprofit, The C.O.U.Q. Foundation, contributed a combined $46 million plus to YLK , according to a 2008 990 disclosure form. Wexner became YLK's director in 2010 and his wife Abigail was president in 2008. It was the only contribution the Wexners received that year. In 2009 and 2010, YLK did not receive a single donation. Epstein's C.O.U.Q. also gave $14 million to YLK in 2007, a filing shows. Epstein first financed the Wexner nonprofit with $33 million worth of Apple stock and $5.4 million in shares of Bear Stearns Asset Backed-Securities Overseas Ltd., a third-party company affiliated with the now-defunct bank Bear Stearns. Outside of contributions to The Columbus Foundation, the documents show YLK did not make any other donations from 2007 through 2010. The assets Epstein gave the Wexners' nonprofit helped it have at least $10 million in short-term capital gains over the course of 2009 and 2010 as the value of some of the stocks and assets soared. Apple's stock is now trading at just over $200.

In late 2010, YLK announced it would transfer all of its assets to The Wexner Family Charitable Fund, which in 2017 reported total assets worth $208 million in fair market value, records show. Since 2010 the Wexner fund has been actively contributing to a variety of causes. Epstein, according to a recent report by Forbes, served in the 1990s as a trustee of a separate group: The Wexner Foundation. A spokeswoman for Wexner only noted he had "severed ties" with Epstein over a decade ago and declined to comment further. A member of Epstein's firm hung up after CNBC identified itself and did not return a later message requesting comment. Attorneys for Epstein also did not return requests for comment. Calls to the Wexner Foundation, where The Wexner Family Charitable Fund is located, along with an email to Les Wexner's attorney, were not returned. The treasurer of Epstein's current nonprofit, Gratitude America Ltd., did not return a request for comment.

Les Wexner (left) with Ed Razek (right) at the 2016 Fragrance Foundation Awards. Astrid Stawiarz | Stringer | Getty Images