Catch up: Leon Black will step down as C.E.O. of Apollo after an inquiry found he paid $150 million to Jeffrey Epstein.

Catch up: Leon Black will step down as C.E.O. of Apollo after an inquiry found he paid $150 million to Jeffrey Epstein.

Catch up: Leon Black will step down as C.E.O. of Apollo after an inquiry found he paid $150 million to Jeffrey Epstein.

Leon Black in 2016.
Credit…Rebecca Smeyne for The New York Times

  • Leon Black, the chief executive and chairman of Apollo Global Management, announced his plan on Monday to step down as chief executive this year. The move follows an inquiry by the firm that revealed that Mr. Black had paid $158 million to the convicted sex offender Jeffrey Epstein in a five-year period ending in 2017. He had also lent Mr. Epstein more than $30 million, only $10 million of which was paid back, the report found. Mr. Black’s payments effectively bankrolled the lifestyle of Mr. Epstein in the years after his 2008 guilty plea in Florida to a prostitution charge involving a teenage girl.

  • The Norwegian Data Protection Authority said on Monday that it would fine Grindr, the world’s most popular gay dating app, 100 million Norwegian Kroner, or about $11.7 million dollars, for illegally disclosing private details about its users to advertising companies. The Norwegian agency said the app had transmitted users’ precise locations, user-tracking codes and the app’s name to at least five advertising companies, essentially tagging individuals as L.G.B.T.Q. without obtaining their explicit consent, in violation of European data protection law.


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