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Narrator/Advertiser
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Narrator/Host
Aspen, Colorado, around 1986. An impressive mansion on 30 acres. According to Vanity Fair, Jeffrey Epstein has arrived in town to meet the home's owner, Les Wexner, the billionaire behind L Brands. That's the company that owns Victoria's Secret, the Limited, and soon many more mall stores. Jeffrey's here, he claims, because he's learned that Wexner's money manager is stealing from him. This isn't true, but Jeffrey is offering to help recover the funds. Epstein's path to Wexner has been clouded by deceit and mistruths. According to a report by Gabriel Sherman in Vanity Fair, Epstein got to Wexner through a guy he met on a flight to Palm Beach. Epstein charmed that man, then courted him aggressively over racquetball and steam room sessions. He convinced the man to introduce him to Wexner by claiming he could help remedy the wrongdoings of Wexner's finance guy. And now he's an Aspen. According to reports, Epstein dazzles Wexner. He presents himself as a big time money manager who can take care of all the investments and homes and assets of a man as rich as Wexner. Epstein is charismatic, charming, the kind of guy who can pull the wool over even a very intelligent man's eyes. And soon, Wexner is going to hire Epstein to help him manage his finances. This is Epstein's big break. Les Wexner is going to give Epstein the keys to the kingdom, access to billions of dollars, luxury real estate, and the kind of lifestyle Epstein always wanted. And with that lifestyle comes the capacity for great wrongdoing.
Victim/Testimonial Speaker
By the time I was 16, I.
Narrator/Host
Brought him up to 75 girls.
Ghislaine Maxwell
We lived essentially like he was Gatsby. Basically, this is like a Salem witch trial. People go and lose their minds for this thing. My name is Jennalisa Jones, and I was only 14 years old when my.
Victim/Testimonial Speaker
Friend brought me over to Jeffrey Epstein's house.
Narrator/Advertiser
They kept saying, we will get you educated. You will become a real massage therapist one day. But under the premise that afterwards, you're back to the abuse.
Narrator/Host
From Sony Music Entertainment and Campside Media, this is an infamous miniseries. Jeffrey and Ghislaine's Secrets. I'm Natalie Robomed.
Co-host/Interviewer
I'm Vanessa Grigoriadis. And this is episode two, Models and Money.
Narrator/Host
So the money part of Jeffrey Epstein's story has always been a big question mark, even more so than many of the other mysteries around him. For a long time, people have wondered where his money came from and how much he had in the first place.
Co-host/Interviewer
I talked to writer Gabriel Sherman about this, who has really done some fantastic reporting on Jeffrey Epstein and broken a lot of new ground. And Gabe told me that this had always fascinated him, too. Epstein acted like a rich guy, but his fortune was mysterious. He always seemed to say he was a money manager, but he mostly had a couple big clients, particularly the owner of Victoria's Secret, Les Wexner.
Narrator/Host
And we'll be talking about Les Wexner a lot more this episode. Well, before we get into Wexner, I want to talk about Jeffrey and Ghislaine's relationship a little bit. Their dalliance actually started as a business relationship, according to Guylaine, after her dad died and she was stripped of her status and money, she moved to New York full time. Epstein offered her a sort of job.
Ghislaine Maxwell
Epstein said, well, you can keep helping me. You can help me find a house and you can decorate the house, and it Gave me something to do.
Narrator/Host
That's Guylaine being interviewed by the U.S. department of Justice.
Ghislaine Maxwell
I had found a house for him to rent in New York because he had asked me. I'd been looking one for my father and I found one, which was a former Iranian embassy. I think it was. I think it belonged to the Iranians or the Iraqis someone. And it was like. I want to say it was $12,000 a month, which to me seemed like fortune. And I had moved into a 10 foot by 10 foot apartment because all of our stuff had been either lost or frozen.
Narrator/Host
As we talked about last episode, Epstein and Guylaine were romantic for a while. They slept together for the first time, according to Guylaine, in 1992. But somehow neither of them liked to have intercourse. That's what she said last episode. Guylaine says during this period she more so served as a kind of general manager, taking care of Epstein's properties.
Ghislaine Maxwell
I worked in his office, so I would go to the office and I would see him.
Narrator/Host
She would fly here and there with Epstein, assisting him in his real estate dealings. Over the years, Guylaine was seen out many times with Jeffrey. She became a sort of quasi public girlfriend, his official plus one to the sorts of society events he was getting invited to. Because Guylaine did have something to offer Epstein more than just taking care of Holmes. If Les Wexner gave Jeffrey money, Guylaine gave him kas. She lent the rough around the edges Brooklyn boy her upper crust airs. Taught him how to dress, how to speak, how to conduct himself in polite conversation. She helped him level up in society, almost in a My Fair lady way.
Narrator/Advertiser
Repeat that after me.
Les Wexner
In Hertford, Hereford and Hampshire, hurricanes hardly ever happen.
Narrator/Host
As for what Epstein gave Ghislaine, maybe in some ways Epstein was Ghislaine's new father figure. Remember, her own dad had died, leaving her with nothing. But the relationship echoed on.
Ghislaine Maxwell
Ghislaine Maxwell grew up with sexism. Her father believed that women were basically there for men's pleasure and convenience. He really did view women as objects.
Narrator/Host
Ghislaine doted on her father and vice versa.
Ghislaine Maxwell
Robert Maxwell used to go around with Ghislaine as a kind of mascot. It was an odd relationship.
Narrator/Host
Ghislaine says she and Jeffrey stopped being romantic in the late 1990s.
Ghislaine Maxwell
So we stopped having sexual relations in 1999. I wanted to get married and have children. And Epstein had been encouraged me to believe that that would. I don't know about them. Certainly by the late 90s I knew the marriage part was never going to happen.
Narrator/Host
But even when the romantic part was over, she was still employed by Epstein, paid a salary to ostensibly manage his properties.
Ghislaine Maxwell
I think salary wise, if I'm right, it ended at around a quarter of a million a year.
Narrator/Host
So this was Jeffrey and Guylaine's relationship. But really, in some ways, the more important relationship, and the one that hasn't got anywhere near as much attention, was Epstein and Wexner. Epstein met Wexner before Ghislaine, and the benefits he seems to have reaped from that association are a key source of his power. So who is Les Wexner, and why did Epstein and he have such a close connection? LESLIE Les Wexner was born in Dayton, Ohio, in 1937. The son of two Russian Jewish merchants.
Les Wexner
Came from very modest circumstance.
Narrator/Host
That's Les Wexner Speaking in a 2017 interview with the Academy of Achievements. His parents ran a clothing store, Leslie's, which was, you guessed it, named after their son.
Les Wexner
I felt terribly constrained just by the family circumstance. I was driven to escape from my childhood and to be something, maybe create my own world or career the way I wanted it to be.
Narrator/Host
In his parents store, Wexner apparently noticed that expensive products such as coats and dresses were selling less than regular degular items like shirts and skirts. His ingenious idea was to focus on the affordable everyday pieces. So he opened a new store to do just that in 1963. It was called the Limited. It was sort of like Forever 21 at its peak, or Zara, always right on trend. And the Limited was a hit. So much so that Wexner wanted to expand.
Les Wexner
And I was thinking about what other businesses I could start. So I said, well, I don't know anything about the shoe business. You know, half the people in the world are men. Maybe we could start a men's business. I'm a man, and I think men don't buy as much as women. And I remember saying all the women I know wear underwear most of the time. All of the women I know would like to wear lingerie all of the time. And I'm just driving down the highway laughing my butt off and thinking what a funny thought that is. What's the difference between lingerie and underwear? Lingerie has emotional content. You know, men wear underwear, women wear underwear. But lingeries, you know. And so I said, I wonder why no one's done that.
Narrator/Host
So Wexner went in search of this emotional content, this dream lingerie store.
Les Wexner
There must be this wonderful lingerie shop in Paris. Or maybe in Zurich or maybe in Berlin or maybe in Vienna, or just they don't exist. And I said, wow. So I had this imagination that there's this wonderful lingerie store, except I can't find one.
Narrator/Host
Until he went to San Francisco and came across a shop called Victoria's Secret. Started by a man named Rory Raymond, his store was everything Wexner had been looking for. Dreamy, luxurious, a real experience filled with velvet and lingerie and chandeliers.
Les Wexner
The notion of Victoria should be a ladies paradise. It's not if men like it. If men like Victoria's Secret, that's kind of a bonus. But in my imagination, they should feel uncomfortable when they're in the store. There's no mahogany paneling. There's nothing that's welcoming. This is a ladies paradise. It's nothing to do with men.
Narrator/Host
With Wexner at the helm, Victoria's Secret expanded more than a miracle. Bras, push up padding. It was angels. It was money raining down. But maybe what Wexner really needed was a friend. And one man had his eyes set on him.
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Narrator/Host
So when Epstein met Wexner in the mid-80s, Wexner was the big fish. He was on his way to becoming one of the richest men in America. But Epstein presented himself as possessing a skill Wexner would want.
Ghislaine Maxwell
He told me himself that he started a business where he looked for stolen money.
Narrator/Host
Guslain says that this is what Epstein was doing at this time. As far as he told her, after Dalton, after Bear Stearns, he seems to have fashioned himself as a bounty hunter for the ultra rich seeking out missing funds.
Ghislaine Maxwell
Epstein will go and find the billion dollars and we'll take a portion of the money that was stolen as a fee and give back the remainder. That would be on a percentage basis.
Narrator/Host
Again, this is what Epstein told Ghislaine. As you'll remember, Epstein had a flexible relationship with the truth.
Ghislaine Maxwell
I never saw him really do anything other than be on the phone. There's that. And he had a lot of meetings, but he had a lot of accounts and he dealt with pretty much every financier that you could care to mention. And if I could have access to the names, I'd be able to tell you which ones. I just don't remember them all. But in every bank. Goldman, Lehman, all of them to my mind anyway.
Narrator/Host
From Guylaine's telling, Epstein simply worked to manage other people's money.
Ghislaine Maxwell
My observation, to go back to what he did, I observed him personally and have recollection, personal recollection of him trading with money a lot. Tens of millions, hundreds of millions of dollars.
Narrator/Host
Now, Gabriel Sherman's reporting suggests that Epstein's office was missing some of the critical things a businessman of this sort might have. A Bloomberg terminal, for example, which is what traders use to monitor stocks. So again, it's difficult to know how accurate Ghislaine's recounting is. But with Wexner, Epstein became something of an all purpose fixer, helping him to buy and sell properties. He got involved in the day to day minutiae. Here's Ghislaine talking about his work with Wexner.
Ghislaine Maxwell
So I was present for some of their meetings, in some of their business and I listened to no detail was too small because everything that affected how they lived and how they managed their life was something that he felt he was, if they wanted, would be responsible for. There were business interests. So Wexner owned or built or designed or I don't quite know how to characterize it, but New Albany, which is a center outside of Ohio, Columbus, Ohio specifically. And he built, I remember this conversation. He, he built himself a very large house, like truly enormous. And it's one of the biggest private homes I've ever been to. And he built all the houses around him. And I'm like, this is so random. Why would you do that? And he said to me, well, because I want to make sure that the people around me are my friends. I want my friends around me and my neighbors.
Narrator/Host
Epstein benefited greatly from the quote unquote job. He bought a house from Wexner in Ohio and a 10,000 square foot mansion next to Wexner's estate. Epstein also got a plane. He scored a below market rate on a corporate jet that used to be owned by the Limited. But most importantly was the house on the Upper east side at 9 East 71st street with its large wooden door and daunting looking facade in one of New York's most expensive neighborhoods. Epstein counted Bill Co Cosby as his neighbor. This is the house you've seen Jeffrey coming in and out of on the news probably over the past years as his story has been big. But this house initially belonged to Les Wexner. Epstein's Manhattan home was originally purchased by Wexner in 1989.
Les Wexner
Ownership was later transferred to Epstein.
Narrator/Host
Epstein got a below market deal from Wexner on the house, way below market. Guylaine alleges that the discount price was basically in lieu of the traditional fees a money manager would charge.
Ghislaine Maxwell
I think what happened would be that let's say Les owed him in theoretically for his services, 100 million or whatever it was, he could have traded that against the property.
Narrator/Host
But according to Guylain, Wexner And Epstein really do seem to have been extraordinarily close.
Ghislaine Maxwell
I want also to clarify something or clarify or underline. Wexner was, in my opinion, his closest friend in this time period.
Narrator/Host
Nothing lends more credence to this than the fact that Wexner gave Epstein power of attorney. Power of attorney means you have the legal right to make decisions in someone else's name. It's usually only given to someone you know very well, someone you trust with your life. For example, if elderly parents are sick and can't make financial decisions for themselves anymore, they might grant their children power of attorney in their stead. Which begs the question, why would Wexner, a shrewd businessman who could have his pick of any financial advisor in the world, go with Epstein? The rumor has long been that that they were just personally intertwined, though Epstein has always denied it. Here Epstein is being asked about the relationship in a deposition.
Ghislaine Maxwell
Do you consider yourself to be bisexual? No. Okay. In any event, you did develop a.
Narrator/Advertiser
Sexual relationship with Leslie Wexner at some point in time.
Les Wexner
Is that true?
Ghislaine Maxwell
No.
Narrator/Host
He denied it. Wexner has never acknowledged a sexual relationship with Epstein and did not respond to a question Vanessa asked about it previously. And indeed, Epstein would use the Wexner connection for a very different purpose. To pursue women. Because Epstein started insinuating himself into Wexner's crown jewel, Victoria's Secret, and its very famous angels.
Co-host/Interviewer
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Co-host/Interviewer
It's August 1995, the first ever Victoria's Secret fashion show, and we're at the Plaza Hotel in New York. Jeffrey Epstein is here, and models are strutting down the Runway in lacy bras and heels. A photo from that day Shows a serious looking Epstein. He's wearing a double breasted black blazer, big gold buttons, sort of looking into the middle distance. Maybe he's looking for an angel. That's the name given to the Victoria's Secret models.
Victim/Testimonial Speaker
Ira Banks, Heidi Klum, Gisele Bundchen, Adriana.
Narrator/Advertiser
Helena, Christine, Alessandra, and all those girls.
Narrator/Host
Who are all strong women who have something to say.
Narrator/Advertiser
It's empowering. Strong, fierce, sexy, iconic.
Ghislaine Maxwell
The wings.
Co-host/Interviewer
Being a Victoria's Secret angel was a huge deal. It was a job that every aspiring model dreamed of. And likewise, having a Victoria's Secret model on your arm, that was a form of cachet for an image obsessed man. Here's author Michael Wolf on his Fire and Fury podcast explaining this phenomenon to James Truman.
Les Wexner
Models were the sexual currency of the time. I mean, sort of cool. The social currency too, you know, Epstein had this relationship with Les Wexner. With Les Wexner, and again, it's models. Fundamentally at the center of this was 1980s and model culture.
Co-host/Interviewer
Because of his closeness to Wexner, Epstein now had access to events like the Victoria's Secret Fashion show. But it didn't just stop there. He began using his relationship with Wexner, his position of power, to tell at least one woman that he could get her a job as a Victoria's Secret model.
Victim/Testimonial Speaker
I met Jeffrey Epstein in 1996. 7.
Co-host/Interviewer
This is Alicia Arden, a model and an actress in California. She's speaking at a press conference, talking about her experience with Epstein and warning this is a little bit upsetting.
Victim/Testimonial Speaker
I sent Epstein's home my portfolio and all of my pictures. He loved them. He called me directly after receiving them and he told me that his assistant would set up a meeting. A few days later, Epstein's assistant called me and said Epstein was at the Shutters Hotel in Santa Monica, California. I knocked on Epstein's door at Shutters and I went into his hotel hotel room. He was wearing a USA sweatshirt, black sweatpants, and he was barefoot. So he took my portfolio. But he said, why don't you look like these photographs? I told him that I photograph differently all the time and modeled in different contexts.
Les Wexner
Next.
Victim/Testimonial Speaker
Epstein told me that he wanted to see my body up close. I was in a skirt and he was touching my bare skin. I started to feel scared and I began to cry. I never will forget what he told me. He said, let me manhandle you. And I was feeling terrified. When he seemed distracted on the phone, I pulled my clothes back on, I grabbed my portfolio, and then I prepared to leave. The room. And as I did, he put $100 on the table. I said, jeffrey, I'm not a prostitute. I want to be in the Victoria's Secrets catalog. And he responded, let me see what I can do.
Co-host/Interviewer
But of course, it was all a lie. Epstein had no formal relationship with Victoria's Secret or L. Brandt. A company spokesperson has said that Epstein was never employed and never served as an authorized representative of the company. But that didn't stop him from allegedly using the same ruse again. In 2004, an Italian model said she was sent to Epstein's Upper east side mansion, supposedly to get a gigantic modeling for Victoria's Secret. She went, bringing along her portfolio. But when she got there, she says Epstein took his clothes off, laid down on a massage table, and handed her a vibrator, which eventually she threw at his head. And after this, we don't have a bunch more stories about what Epstein did with Victoria's Secret. Maybe he got in trouble and needed to do his recruiting of women to service him more privately, because really, his life became more and more perverted and more and more not about money, but about women. And while Ghislaine and Epstein weren't romantic, she played. Played a role in helping him meet people.
Ghislaine Maxwell
Yes, if I met friends who were interested, he was constantly asking me to meet new and interesting people. I did do that. At the time. I viewed it as, well, first of all, part of my job, I think, or part of my responsibility.
Co-host/Interviewer
Epstein, as would become well known, was very fond of. Of massages. Part of her job was to find potential masseuses for him.
Ghislaine Maxwell
I did look for masseuses. I did. I went to spas. And if I met somebody who said she was a masseuse, I did not check their credentials. And of course, if she was attractive.
Co-host/Interviewer
I did introduce her because these massages were supposedly often erotic, sometimes non consensually. And Epstein wasn't interested in massages from any old person. He wanted gorgeous girls, and he wanted them younger and younger. And with access to Wexner's money, due to his own cunning, he was able to take his bad behavior to the.
Ghislaine Maxwell
Next level within the discovery. There was a lot of. Well, not a lot, but there were some indications that he would actively tell other people to lie to me or conceal things from me and that he never loved me and I wasn't his type.
Narrator/Advertiser
Jeffrey Epstein is accused of sexually abusing.
Les Wexner
Dozens of underage girls, some as young.
Co-host/Interviewer
As 14 years old.
Ghislaine Maxwell
An extraordinary volume of photographs featuring nude or partially nude young girls was confiscated by from Epstein's Manhattan home, the secluded.
Les Wexner
Island where the late Jeffrey Epstein is.
Narrator/Advertiser
Accused of trafficking underage girls.
Co-host/Interviewer
Calling for a congressional hearing into the.
Narrator/Host
2008 handling of Epstein's case here in.
Les Wexner
Palm beach county, the Palm beach county.
Narrator/Advertiser
Sheriff has ordered an internal affairs investigation into how his agency handled Jeffrey Epstein's case while he was on work release program more than a decade ago. Trip planner by Expedia. You were made to outdo your holiday, your hammocking, and your pooling. We were made to help organize the competition. Expedia made to travel.
Podcast by Campside Media / Sony Music Entertainment
Airdate: September 18, 2025
Summary by [Your Summarizer]
In the second episode of the “Jeffrey and Ghislaine’s Secrets” miniseries, hosts Natalie Robehmed and Vanessa Grigoriadis, along with reporting from Gabriel Sherman, dig deep into the relationships and mechanisms that fueled Jeffrey Epstein’s rise to power—especially his mysterious finances and the key roles that both Ghislaine Maxwell and billionaire Les Wexner played. The episode explores how money, manipulation, and access to elite circles enabled Epstein’s crimes, and how Ghislaine’s own background and ambitions entwined her fate with his. The episode exposes the murky world behind the glamor of wealth, luxury, and the early days of the Victoria’s Secret empire, focusing on how power was abused and masked by charisma and connections.
On Epstein’s dazzling manipulations:
“He presents himself as a big time money manager who can take care of all the investments and homes and assets of a man as rich as Wexner. Epstein is charismatic, charming, the kind of guy who can pull the wool over even a very intelligent man’s eyes.”
– Narrator/Host, 02:34
On status and image:
“Being a Victoria’s Secret angel was a huge deal. It was a job that every aspiring model dreamed of… having a Victoria’s Secret model on your arm, that was a form of cachet for an image obsessed man.”
– Vanessa Grigoriadis, 23:26
On finances and abuse of power:
“Nothing lends more credence to this than the fact that Wexner gave Epstein power of attorney. Power of attorney means you have the legal right to make decisions in someone else’s name. It’s usually only given to someone you know very well, someone you trust with your life.”
– Narrator/Host, 19:59
Survivor testimony:
“He said, let me manhandle you. And I was feeling terrified.”
– Alicia Arden, 25:52
On Ghislaine’s involvement:
“If I met friends who were interested, he was constantly asking me to meet new and interesting people. I did do that. At the time, I viewed it as… part of my job, or part of my responsibility.”
– Ghislaine Maxwell, 28:27
The episode weaves meticulous reporting with firsthand accounts and candid interviews, balancing a journalistic, fact-driven narrative with intimate, often haunting, testimonial voices. It is direct and at times chilling, but careful to let survivors’ voices and primary figures like Ghislaine Maxwell and Les Wexner speak in their own words.
This episode lays bare how Epstein’s wealth and abuse of trust (especially with Les Wexner) enabled not just his financial ascent but his unchecked abuse of power and people. Ghislaine’s complicity, rooted in privilege and dependence, further blurred the line between victim and perpetrator. The narrative leaves listeners questioning society’s faith in wealth and status, and the many ways power shields wrongdoing—until investigative journalism brings the truth to light.