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Stock impact report

How Wall Street's Apollo got tangled up again in the Epstein files [CNN]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: CNN
Jeffrey Epstein is once again haunting one of the most powerful firms on Wall Street: Apollo Global Management. Five years after the Epstein scandal forced billionaire Leon Black to step down as Apollo's CEO, the recent release of millions of documents related to Epstein show Black's replacement, current CEO Marc Rowan, met with Epstein multiple times years after Epstein's 2008 guilty plea to procuring a minor for prostitution and his 18-month jail sentence. The Epstein files have raised new questions about the firm's ties to the convicted sex offender — and its transparency to investors about those links. Two powerful teachers' unions that have committed at least $27.5 billion to Apollo wrote a letter to the SEC this week calling for federal regulators to investigate Apollo's “apparent lack of candor” over its relationship with Epstein. Now, Apollo is doing damage control. The asset management giant responded this week by insisting to clients that there is “nothing new” in the Show less Read more
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