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Unresolved

The Epstein Scandal (Part One: The Money Had To Come From Somewhere)

Unresolved

Unresolved Productions

True Crime, Society & Culture, History

4.52.6K Ratings

🗓️ 26 November 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

"He stood out as this young guy in this weird coat."

In 1991, business magnate Leslie Wexner signed a general power of attorney that gave Jeffrey Epstein authority to act on his behalf in nearly all matters of business and finance. The document allowed Epstein, a young financial consultant that Wexner had just met a few years prior, to sign checks, open and close bank accounts, buy and sell property, transfer assets, and borrow money in Wexner's name. The scope of the arrangement was unparalleled.

The decades prior to this saw Epstein ascend through the financial world in remarkable fashion. The son of public servants, Epstein grew up in a middle-class household in Brooklyn. His early adulthood was rife with failure and a lack of any significant accomplishments. Yet, by his 40th birthday, Epstein was managing billions of dollars in wealth and property...



Part 1/7



Research & writing by Amelia White and Ira Rai

Hosting, production, and additional research & writing by Micheal Whelan

Learn more about this podcast at http://unresolved.me

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Transcript

Click on a timestamp to play from that location

0:00.0

This episode contains graphic content that may not be suitable for all ages.

0:08.0

Listener discretion is advised.

0:10.0

If you or someone you know is struggling or in crisis, help is available.

0:15.0

Call or text 988 or chat with someone at 988 lifeline.org. Those outside of the U.S. reach out to someone at your local

0:24.2

crisis center or hotline. Please do not suffer in silence. In 1991, in Columbus, Ohio, Leslie H. Wexner signed a general power of attorney that gave

0:47.0

Jeffrey Epstein authority to act on his behalf in nearly all matters of business and finance.

0:53.1

The document allowed Epstein to sign checks,

0:55.8

open and close bank accounts, buy and sell property, and borrow money in Wexner's name. It was filed

1:02.6

quietly in the state of Ohio, the home state of Wexner's retail empire, the limited. For those

1:08.5

familiar with corporate law, the scope of this power of attorney was

1:12.4

extraordinary. Powers of attorney are common for narrow functions, but rarely do they extend

1:17.8

to the total management of a billionaire's fortune. The language in this case made Epstein,

1:23.4

at least on paper, a legal extension of Leslie Wexner himself.

1:28.0

Investigative journalists who examined the document decades later described it as an unusual

1:32.7

level of control for a non-family advisor.

1:36.7

The agreement formalized what had already been true in practice.

1:40.4

By the late 1980s, Jeffrey Epstein had become Wexner's exclusive financial advisor, overseeing

1:46.3

personal and corporate investments through a network of private companies.

1:51.2

Wexner had met Epstein through mutual acquaintances and had grown to regard him as unusually

1:55.9

capable, a man who seemed to grasp complex financial structures intuitively.

2:01.1

In interviews years later, Wexner said that Jeffrey Epstein had extraordinary talent for managing

2:06.3

money.

...

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