“…In the later years of Mr. Epstein’s life, after he was incarcerated and registered as a sex offender, no one did more to bankroll his opulent lifestyle than Mr. Black, 74, a towering figure on Wall Street and a fixture of the global art scene.
Mr. Black paid Mr. Epstein $170 million over six years for what Mr. Black has said were tax and estate-planning services. The sum dwarfed what elite law or accounting firms would have charged for similar work, baffling both his Wall Street peers and investigators on Capitol Hill.
The millions of pages of Epstein-related emails and other documents that the Justice Department released this year offer a potential explanation for the size of the payments: Mr. Epstein essentially served as a fixer whose services went beyond modernizing Mr. Black’s finances or reducing his taxes, according to a New York Times review of those records.
Mr. Epstein suggested ways to obscure millions of dollars that Mr. Black paid to women, as well as to Mr. Epstein himself. He brainstormed about how to avoid taxes on some of the payments. He took credit for defusing a government audit of a woman to whom Mr. Black had paid millions of dollars. He planned ways to surveil, intimidate and silence another woman who was threatening to publicly accuse Mr. Black of abuse. He even counseled Mr. Black to separate from his wife after she learned of his infidelity.
Mr. Black paid about $20 million to a dozen women, at least some of whom he’d had sexual relationships with, according to the recently released files and notes taken by congressional investigators and shared with The Times. Mr. Epstein was involved in figuring out ways to dispense a significant portion of that money.
Mr. Epstein summed it up to Mr. Black in a 2017 email: Mr. Epstein’s job, as he saw it, was partly about “saving you from yourself.”…”