Home / Crime and Justice / Union Demands SEC Probe Apollo's Epstein Ties
Union Demands SEC Probe Apollo's Epstein Ties
18 Feb
Summary
- Union alleges Apollo misled SEC about Jeffrey Epstein ties.
- DOJ files suggest wider Apollo-Epstein connections than revealed.
- Epstein communications involved Apollo partners Harris and Rowan.
The American Federation of Teachers (AFT), representing 4.1 million members, has requested the Securities and Exchange Commission (SEC) to investigate Apollo Global Management. The union alleges the asset manager made misleading statements about its exposure to Jeffrey Epstein.
The AFT's letter to the SEC's enforcement head points to past claims by Apollo that its Epstein-related risk was primarily linked to cofounder Leon Black. Black had stepped down as CEO in 2021 after an internal review found he paid Epstein millions over the years.
Newly released Department of Justice files, including communications from January 30, 2026, have led the AFT to believe Apollo presented an inaccurate and incomplete view of its and its partners' Epstein connections. Communications show Apollo co-founders Josh Harris and Marc Rowan consulted Epstein on personal and professional matters.
Notably, emails from 2013 to 2016 reveal discussions between Rowan and Epstein concerning "Apollo calculations for a tax receivable agreement." The AFT argues this association presents material risk, and investors deserve accurate information.
