B (2:14)

The limitation is highly specific. More than five words.

C (2:17)

That limitation forces a yes, a no, or an I don't recall. It prevents narrative. It prevents the witness from elaborating. Because elaboration is where the official story starts to fracture against the documentary record.

B (2:29)

We have to establish what that official story is. Wexner walked into that deposition with the prepared statement.

C (2:35)

He did. He read it into the record.

B (2:36)

I have the transcript of that statement here. He describes himself as, quote, naive, foolish and gullible for trusting Jeffrey Epstein, the con man defender. Right. He states directly he was a con man, and while I was con, I have done nothing wrong and have nothing to hide.

C (2:52)

He also uses the statement to characterize his own identity. He calls himself a philanthropist, community builder and grandfather. He notes his 33 year marriage to his wife, Abigail.

B (3:03)

It is a deliberate framing. He is contrasting his public philanthropic Persona with Epstein's criminality.

C (3:09)

And he pairs that framing with absolute denials. Denies any knowledge of the trafficking, denies any knowledge of the underlying crimes, denies ever meeting Virginia Giuffre.

B (3:19)

You contrast that self assessment, calling himself gullible and naive with his actual corporate biography. You were looking at the who built L Brands. He engineered the national retail expansion of the Limited, Victoria's Secret, Abercrombie and Fitch.

C (3:34)

A notoriously detail oriented merchant.

B (3:36)

But the narrative he presented to Congress is that he was completely blind when it came to his own personal wealth management.

C (3:42)

That narrative generated a sharply divided response in the room. The partisan split on the Oversight committee was immediate.

B (3:49)

Representative Robert Garcia, the Democrat from California, addressed the media right after. His assessment was unambiguous.

C (3:57)

Quote, there is no single person that was more involved in providing Jeffrey Epstein with the financial support to commit his crimes than Les Wexner.

B (4:06)

Garcia and the Democrats explicitly accused Wexner of lying under oath.

C (4:10)

But you have the Republican counterpoint. Representative James Comer from Kentucky went on record stating Wexner answered every question asked of him.

B (4:19)

We should note a crucial logistical detail there documented by Fox News and the BBC. No Republican lawmakers actually attended the deposition in person.

C (4:28)

They sent staff. The lawmakers, defending the cooperation of the witness were not physically in the room to observe the demeanor or the hot mic moment in real time.

B (4:37)

So the Democrats say he is the primary financial enabler. The Republicans say he is a cooperative victim of a con. To resolve that contradiction, you have to bypass the political statements and look at the financial architecture they built together, starting

C (4:50)

with the foundational document, the 1991 Power of Attorney.

B (4:53)

The scope of this document is.

C (4:55)

It is absolute. In forensic accounting, we look at the separation of powers. A high net worth individual typically utilizes a family office. You have layers of approval.

B (5:04)

A maker and a checker.

C (5:05)

Correct. One person proposes the investment, another person authorizes the transfer. The 1991 document gave Jeffrey Epstein plenary power, full authority. So investment authority, business deal authority, property purchase authority, even the power to hire

B (5:22)

and fire personnel within Wexner's own entities.

C (5:25)

Yes, Epstein could legally bind Wexner to contracts. He could move liquid capital. He had authority over real estate development in New Albany. Ohio.

B (5:32)

Granting that level of unilateral control to a former high school math teacher with a thin financial resume is a massive deviation from standard corporate governance.

C (5:41)

It is one of the most significant transfers of financial control to documented in the entire Epstein files. And it facilitated massive asset shifts.

B (5:49)

The Manhattan property at 9 East 71st

C (5:51)

street, the largest private residence in Manhattan. It originally belonged to Wexner. Through the mechanisms enabled by their financial structure, it became Epstein's primary headquarters.

B (6:02)

The defense claims this power of attorney was part of the comm. That Epstein manipulated his way into this position of absolute control.

C (6:11)

That claim hits a wall when you evaluate the documents released by the DOJ in January 2026. Specifically, Epstein's own internal records. The notes Epstein maintained, handwritten and typed notes in the DOJ archive. There is a specific block of text

B (6:29)

pulling up that image now. It is labeled gang stuff.

C (6:32)

Epstein writes, quote, never ever did anything without informing lesson.

B (6:37)

Never ever. That is a definitive statement of disclosure. If Epstein is noting that for his own records, it directly contradicts the concept of a rogue operator siphoning funds in the dark.

C (6:47)

It indicates a system of total transparency between the two men. But the surrounding language is just as critical.

B (6:52)

Gang stuff. For over 15 years, the committee asked

C (6:55)

Wexner about that specific phrase during the deposition.

B (6:58)

Right. He tried to dismiss the terminology. He testified that Epstein was a Brooklyn guy and that gang stuff was just his colloquial way of referring to confidential business matters.

C (7:08)

That explanation ignores the inherent meaning of the phrase. Gang stuff does not imply standard corporate nondisclosure. It implies a joint enterprise against outside

B (7:19)

forces, an accomplice dynamic.

C (7:21)

It implies shared risk and shared action over a 15 year period.

B (7:25)

Which brings us to the severance of the relationship. The timeline is central to Wexner's defense.

C (7:31)

Wexner testified he severed all ties in 2007.

B (7:34)

He claimed he discovered vast sums of misappropriated money. Theft.

C (7:38)

He discovers a massive theft and the relationship ends. That is the sworn testimony.

B (7:43)

But look at the DOJ investigative memo regarding the aftermath of that discovery. In 2008, Wexner's attorneys informed investigators about a financial transfer.

C (7:51)

Epstein transferred $100 million back to the Wexner entities.

B (7:55)

The attorneys characterized this as a repayment for a portion of the stolen funds.

C (7:59)

You examine this from an auditing perspective. A fiduciary discovers a $100 million theft. The standard procedure is an immediate freeze of assets, civil litigation, and a criminal referral to the FBI or the doj.

B (8:13)

None of which happened.

C (8:15)

No criminal complaint was ever filed by Wexner. Against Epstein for embezzlement.

B (8:19)

The supposed thief voluntarily transfers $100 million back, and the victim accepts it without pursuing legal action.

C (8:27)

It functions more like a private settlement or a division of assets than a restitution for a crime. And the DOJ memo points out that Wexner's funds constituted the bulk of Epstein's operating capital.

B (8:37)

The planes, the private islands, the properties.

C (8:41)

The entire logistical network used for the trafficking was heavily financed by the capital originating from this partnership.

B (8:47)

And the timeline of the severance in 2007 is directly challenged by the communications archive.

C (8:52)

The paper trail extends far past 2007.

B (8:55)

We have the 2008 email.

C (8:56)

June 26, 2008.

B (8:58)

To put that date in context. This is after Epstein's plea deal in Florida. He has publicly pleaded guilty to soliciting prostitution from a minor. The crimes are a matter of public

C (9:08)

record, and Wexner initiates contact.

B (9:11)

The email from Wexner reads, quote, abigail told me the result. All I can say is, I feel sorry.

C (9:17)

I feel sorry.

B (9:18)

You evaluate that phrasing. He is addressing a man he claims defrauded him of hundreds of millions of dollars. A man who has just admitted to a sex crime involving a minor.

C (9:28)

The tone is entirely sympathetic, but the

B (9:31)

next sentence is the critical forensic piece. You violated your own number one rule. Always be careful.

C (9:37)

Always be careful.

B (9:38)

He does not say you broke the law. He does not say you betrayed my trust.

C (9:43)

He identifies the failure as a lapse in operational security. Being careful is the priority. The regret expressed in the email is about the exposure of the activity, the. Not the morality of the activity itself.

B (9:56)

And Epstein's reply is immediate.

C (9:58)

Two words, no excuse.

B (9:59)

He accepts the reprimand about being careless.

C (10:01)

Wexner's spokesman issued a statement regarding this email claiming the 2007 severance date applied strictly to their financial relationship, not their personal communications.

B (10:11)

But the personal communications continued for years.

C (10:14)

September 8, 2010. Three years after the alleged break. Leslie Groff, Epstein's executive assistant, the primary logistical coordinator for his schedule. She contacts Wexner's office.

B (10:25)

She asks for Wexner's direct email address.

C (10:28)

If the relationship was completely hostile due to a massive financial fraud, standard protocol dictates a cease and desist or, at minimum, a hard block on communications.

B (10:38)

Instead, Wexner's aide, Rachel Sutherland, responds. She declines to provide the direct email address, but offers to channel the communication through intermediaries.

C (10:48)

She facilitates the backchannel. The Epstein operation is still actively reaching out to the Wexner office, and the Wexner office is actively managing the intake.

B (10:56)

Then you move forward to 2014, seven years after the 2007 severance date.

C (11:02)

The DOJ archive contains an internal memo drafted by Epstein on June 14, 2014.

B (11:07)

This is a document Epstein is writing to himself. It reads like a list of highly sensitive pressure points.

C (11:12)

Quote, necklace, mother suicide. Sharon. Taxes, New Albany, bankrupt.

B (11:18)

Mother suicide. Sharon is a direct reference to Wexner's sister, who died by suicide. Epstein is tracking the most intimate family

C (11:25)

tragedies, but the operative phrase follows that list. Quote, questionable as to unrelated third party. I would never put less in harm's way.

B (11:35)

I would never put less in harm's way.

C (11:37)

Forensic analysis of the archive shows there are seven different versions of this specific memo.

B (11:43)

He was drafting and refining it.

C (11:44)

He was workshopping the exam. Exact language. You do not draft seven versions of a memo protecting someone you have not had a relationship with for seven years. The phrase implies a threat environment where Wexner could face harm, and Epstein is establishing himself as the buffer.

B (12:01)

The phrase New Albany in that memo is also significant because it bridges the financial documents to the physical allegations.

C (12:08)

New Albany, Ohio, is the geographic center of the Wexner estate, and it is

B (12:13)

the location of the Maria farmer incident.

C (12:15)

The 2026 DOJ release includes a detailed FBI report concerning the summer of 1996.

B (12:21)

Maria Farmer alleges she experienced a forced sexual encounter orchestrated by Epstein and Ghislaine Maxwell.

C (12:26)

The location specified in the FBI report is the guest house on the Wexner property in New Albany.

B (12:31)

You map the perimeter. The guest house is approximately half a mile from the main Wexner residence. Wexner's defense maintains that he and his wife knew absolutely nothing about this event until news reports and surfaced years later.

C (12:46)

The deposition failed to resolve the logistical anomalies of that defense. You are analyzing an estate belonging to a billionaire CEO.

B (12:54)

The security infrastructure is comprehensive. Cameras, perimeter patrols, access control for visitors,

C (13:01)

a security apparatus designed to monitor every individual entering and exiting the property. The proposition that Epstein and Maxwell could hold a woman on the premises for an extended period without the security team logging the anomaly is difficult to reconcile with standard protective protocols.

B (13:18)

It raises the question of whether the security personnel were instructed not to log certain activities at the guest house.

C (13:24)

The documents do not answer that. But the physical proximity places the core activities of the Epstein operation inside the borders of Wexner's private sanctuary, which connects

B (13:33)

directly to the allegations made by Virginia Giuffre.

C (13:36)

In sworn court documents, Giuffre explicitly alleged that Les Wexner was among the men Epstein trafficked her to.

B (13:43)

Wexner issued an absolute Denial under oath during the deposition. He has never been criminally charged, and

C (13:49)

Giuffre died by suicide in April 2024.

B (13:52)

She cannot testify in front of the committee. She cannot be cross examined by Levy.

C (13:56)

Her absence alters the legal calculus of the deposition entirely. Her sworn statements remain in the permanent record as the primary direct allegation of abuse against him. But there is no live witness to

B (14:07)

counter his denials, leaving the committee reliant on his memory.

C (14:11)

The Columbus Dispatch ran a quantitative analysis on the deposition transcript. Over the six hours, the 88 year old witness repeatedly utilized the phrase I don't recall.

B (14:21)

It became his default position for any granular question about the financial transfers or the timeline of the relationship.

C (14:28)

The Dispatch cross referenced every I don't recall against the documented evidence. Time and again. The paper trail provides the exact date and amount that the witness claimed to forget.

B (14:38)

This recontextualizes the hot mic moment. If you talk more than five words, I'm going to kill you.

C (14:44)

You evaluate that threat from a defense attorney's perspective. If the witness stays within the parameters of I don't recall, he's shielded. The legal vulnerability arises if the witness attempts to explain.

B (14:58)

If he remembers too much, if he

C (15:00)

offers a narrative detail that directly contradicts a wire transfer or a signed memo currently sitting in the DOJ archive, he exposes himself to perjury. The lawyer's intervention was designed to maintain the wall of amnesia.

B (15:14)

One of the few areas where his memory was highly specific involved Donald Trump.

C (15:18)

Wexner testified at length about Epstein's habit of name dropping.

B (15:22)

He stated that Epstein would regularly inject Trump's name into conversations.

C (15:26)

Wexner characterized it as the deployment of social currency. According to the transcript, Wexner assessed that Epstein was using the name to manufacture social credibility and project an illusion of power.

B (15:38)

He testified that he did not believe Epstein and Trump were actually close friends, despite the constant references.

C (15:43)

It is a specific strategic maneuver. In the testimony, by categorizing Epstein as a mere name dropper, Wexner distances himself from the social reality of the operation.

B (15:53)

He positions himself as a skeptical observer of Epstein's social climbing rather than the

C (15:58)

primary financier of the entire structure.

B (16:01)

So you look at the totality of the record versus the unanswered questions left by the deposition.

C (16:06)

The central contradiction remains unresolved. What exactly constituted the gang stuff for over 15 years?

B (16:12)

A phrase indicating a joint enterprise, not a client advisor relationship?

C (16:17)

What Was the number one rule that Epstein violated by getting caught?

B (16:21)

The 2008 email prioritizes operational security over legal compliance.

C (16:26)

Why does a victim of $100 million fraud expressed sympathy to the perpetrator immediately after a sex crime conviction?

B (16:34)

And what specific inquiry was Michael Levy reacting to when he issued the five word ultimatum?

C (16:39)

The Oversight Committee now possesses the sworn denials. But the documentary evidence, the 1991 plenary power of attorney, the internal notes mandating total disclosure to less the $100 million unlitigated repayment. The continuous post 2007 contact through the executive assistance creates a permanent parallel narrative.

B (17:00)

The full deposition video is in the public record. Every source we reference is available at Epstein Files fm. We'll be watching this closely. If more documents surface or charges are filed, we'll be back with an update.

A (17:15)

You have just heard an analysis of the official record. Every claim, name and date mentioned in this episode is backed by primary source documents Documents. You can view the original files for yourself at epsteinfiles fm. If you value this data first approach to journalism. Please leave a five star review wherever you're listening right now. It helps keep this investigation visible. We'll see you in the next file.