New reports suggest that Apollo CEO Leon Black may have funneled as much as $75 million to disgraced financier Jeffrey Epstein before supposedly cutting ties in 2018.

The initial report published by the New York Times uncovers a number of alleged payments from Black to Epstein made through several companies.

A company that owned Black’s yacht wired $22.5 million to a company in 2017 that managed Epstein’s private jet – a move that raised questions at Deutsche Bank, the report said.

Other transactions passed through Black-owned businesses, according to the report, including a company that Black used to buy much of his billion-dollar art collection. The total amount of money that Black may have funneled to Epstein is around $75 million, which may have allowed Epstein to continue building wealth following his first criminal case.

Ticker Security Last Change Change %
APO APOLLO GLOBAL MGMT 44.97 -1.54 -3.31%

Black owns roughly 23% of Apollo Management Group, according to a Forbes profile on the financier. He also chairs the New York Museum of Modern Art and serves as a member of the Council on Foreign Relations.

Since the initial subpoena of Black in August, Apollo’s stock has steadily declined, falling from around $54 a share to around $42 a share in late September. The stock started to rally over the past couple of weeks, but these revelations may rock the stock’s value again.

TESLA CEO ELON MUSK CRITICIZES WAYMO’S AUTONOMOUS TECH ON TWITTER

Apollo accordingly moved swiftly to distance both Black and itself from Epstein’s dealings.

“Apollo never did any business with Mr. Epstein,” a spokesperson for Black said in a statement to FOX Business. “We understand that the