• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

2

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

3

Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers

1

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

2

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

3

Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers
LawBillionaires

Victoria’s Secret billionaire to face congressional grilling over long Epstein friendship behind closed doors

By
Julie Carr Smyth
Julie Carr Smyth
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Julie Carr Smyth
Julie Carr Smyth
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 18, 2026, 10:16 AM ET
les wexner
Chairman and CEO of Victoria's Secret parent L Brands Les Wexner tours the exhibit at the Wexner Center for the Arts in Columbus, Ohio, Sept. 19, 2014. AP Photo/Jay LaPrete, File

Les Wexner’s long-time friendship with Jeffrey Epstein will be the subject of a closed-door congressional deposition in Ohio on Wednesday, where the billionaire retail magnate is expected to face questions about new revelations contained in the latest release of Justice Department documents related to the late sexual predator.

Recommended Video

Wexner, 88, the retired founder of L Brands, has said he plans to cooperate with a subpoena from Democrats on the House Oversight and Government Reform Committee.

As one of Epstein’s most prominent former friends, Wexner has already spent years answering for their decades-long association. In court documents, prominent Epstein victim Virginia Giuffre claimed that Wexner was one of the men Epstein trafficked her to.

Wexner has consistently denied any knowledge of or involvement in the millionaire financier’s crimes and says he never met Giuffre. He told L Brands investors in 2019 that he was embarrassed that he ever got close to someone “so sick, so cunning, so depraved.”

He has never been accused of wrongdoing and the overall picture provided by the DOJ documents is that Epstein did not run a sex trafficking ring.

Wexner’s name appears more than 1,000 times in the Epstein files, which his spokesperson said is not unexpected given their longstanding relationship. The documents shed new light on his relationship to Epstein — which ended bitterly after Wexner and his wife Abigail learned he’d been stealing from them — while raising many new questions.

‘A most loyal friend’

Epstein first met Wexner through a business associate around 1986.

It was an opportune time for Wexner’s finances. The successful Ohio businessman had grown a single Limited store in Columbus into a powerhouse suite of ’80s mall-culture staples: The Limited, Limited Express, Lane Bryant and Victoria’s Secret. Abercrombie & Fitch, Lerner, White Barn Candle Co. and others would follow.

Within a couple years, Wexner had turned over management of his vast fortune to Epstein. He gave his now-trusted associate his power of attorney in 1991, allowing Epstein to make investments and do business deals and to purchase property and help develop what would become the vast Wexner estate in then-rural New Albany, Ohio, documents show. Wednesday’s deposition will take place either there or nearby, according to participating lawmakers.

Epstein had “excellent judgment and unusually high standards,” Wexner told Vanity Fair in a 2003 interview, and he was “always a most loyal friend.”

Epstein recalls ‘gang stuff’

In one of the newly released documents, Epstein sent rough notes to himself about Wexner saying: “never ever, did anything without informing les” and “I would never give him up.” Another document, an apparent draft letter to Wexner, said the two “had ‘gang stuff’ for over 15 years” and were mutually indebted to each other — as Wexner helped make Epstein rich and Epstein helped make Wexner richer.

A spokesperson for Wexner said he never received the letter.

“It appears Epstein was furious that Mr. Wexner refused to meet with him years after Mr. Wexner terminated Epstein and cut off all ties with him following Mr. Wexner’s discovery of Epstein’s theft and criminal conduct,” the spokesperson, Tom Davies, said. “The draft appears to fit a pattern of untrue, outlandish, and delusional statements made by Epstein in desperate attempts to perpetuate his lies and justify his misconduct.”

A relationship unravels

Wexner did not publicly reveal until after Epstein’s arrest on federal sex trafficking charges in July 2019 that he had severed their relationship. In a Wexner Foundation letter that August, he said that happened in 2007. However, the Justice Department’s newly released records show the two were in touch after that.

Wexner emailed Epstein on June 26, 2008, after a plea deal was announced that would require him to serve 18 months in a Florida jail on a state charge of soliciting prostitution from a minor in order to avoid federal prosecution. He wound up serving 13 months.

“Abigail told me the result… all I can say is I feel sorry. You violated your own number 1 rule…always be careful,” Wexner wrote. Epstein replied: “no excuse.”

Davies said the 2007 date Wexner cited in 2019 applied to firing Epstein as financial adviser, revoking his power of attorney and removing his name from Wexner’s bank accounts.

Wexner also said in the 2019 letter that Epstein had misappropriated “vast sums” of his and his family’s fortune while overseeing his finances. An investigative memo from the latest document release says that Wexner’s attorneys told investigators in 2008 that Epstein had repaid him $100 million, thought to be just a portion of what he stole.

Continuing fallout for Wexner

Newly released documents emboldened sexual assault survivors in ways that have increased pressure on Wexner.

Epstein survivor Maria Farmer has said she was vindicated by a redacted FBI report contained in the documents, which confirms that she filed one of the earliest complaints against Epstein.

Though the complaint reported his possession of nude photos of underage girls, the records have drawn new attention to the harrowing account of an alleged sexual encounter forced on her by Epstein and Ghislaine Maxwell in the summer of 1996 at Epstein’s home in New Albany. The home was located about a half mile from the Wexners’ home. The Wexners have said they had never heard anything about Farmer’s account of the crime until it appeared in news accounts years later.

Meanwhile, survivors of another sexual predator — the late Dr. Richard Strauss, a team doctor at the Ohio State University who was found to have sexually abused at least 177 male students over years — are citing Wexner’s association with Epstein to try to get his name removed from a campus football complex built with his contributions. Their request is pending before a university committee. Davies declined comment.

The alumni group scored a legal victory last week, though, when a district court judge said they can compel Wexner to testify in their lawsuit against the university. He sat on Ohio State’s board of trustees during the period when Strauss, who died before his deeds came to light, committed his crimes.

Separately, a spokesperson for Ohio State said the head of its Department of Obstetrics and Gynecology, Dr. Mark Landon, is cooperating with the school’s investigation into his mention in the Epstein files. Newly released documents indicated that Epstein had Landon on retainer in 2006 for $25,000 a quarter.

“I did not provide any clinical care for Jeffrey Epstein or any of his victims,” Landon said in a statement. “I was a paid consultant for the New York Strategy Group regarding potential biotech investments from 2001 to 2005.” A statement from Davies said the advice Epstein was soliciting was on the Wexners’ behalf.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Julie Carr Smyth
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Law

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Law

boeing
LawBoeing 737 Max
Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019
By Rio Yamat and The Associated PressMay 15, 2026
13 hours ago
ratcliffe
PoliticsCuba
CIA director traveled to Cuba and met with Raul Castro’s grandson, officials confirm
By Andrea Rodriguez, Eric Tucker and The Associated PressMay 15, 2026
13 hours ago
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
LawDEI
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
By Kristen Parisi and HR BrewMay 14, 2026
1 day ago
The ‘Knight Rider’ replica car got a $50 speeding ticket in New York despite never leaving Chicago museum
Lawcar
The ‘Knight Rider’ replica car got a $50 speeding ticket in New York despite never leaving Chicago museum
By The Associated Press and Dave CollinsMay 14, 2026
1 day ago
student
LawEducation
Parents want less screen time in schools. Administrators say opting out isn’t feasible
By Sharon Lurye and The Associated PressMay 14, 2026
2 days ago
diamond
LawJewelry
‘Ocean Dream’ diamond, largest blue-green stone of its kind in the world, sells for $17.3 million
By The Associated PressMay 14, 2026
2 days ago

Most Popular

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
3 days ago
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
3 days ago
Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers
Travel & Leisure
Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers
By Catherina GioinoMay 12, 2026
3 days ago
The airplane fuel shortage is a myth propagated by airlines who want to cancel unprofitable flights, says private jet CEO
Energy
The airplane fuel shortage is a myth propagated by airlines who want to cancel unprofitable flights, says private jet CEO
By Jim EdwardsMay 14, 2026
2 days ago
Current price of oil as of May 14, 2026
Personal Finance
Current price of oil as of May 14, 2026
By Joseph HostetlerMay 14, 2026
2 days ago
Top economist says $39 trillion national debt leaves government worse prepared for recession than ever
Economy
Top economist says $39 trillion national debt leaves government worse prepared for recession than ever
By Eva RoytburgMay 14, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.