What do the disclosure documents tell us about the relationship between Epstein and Wexner?
The L Brands financial disclosure documents from the 1990s and 2000s suggest that their relationship was even closer than that. In Schedule 13D
5 documents filed with the SEC from that era, Epstein is listed as a trustee — sometimes with Wexner, sometimes by himself — on a handful of Wexner trusts, including several for Wexner's children. Some of the transactions in the 13Ds raise the possibility that Wexner may have paid Epstein by letting him sell L Brands stock out of those trusts.
For instance, in a 13D filed in late March 2002, Epstein is listed as trustee or co-trustee for the Wexner Children's Trust II, which held 1.3 percent of L Brands stock, as well as something called Health and Science Interests II, which held 3 percent of the shares. (Wexner himself held 15 percent of the stock.) The document shows that on March 26, Wexner moved 15 million shares, worth over $250 million, from the Wexner Children's Trust, which he solely controlled, to the Health and Science Interests II, where he was a co-trustee with Epstein.
6 The next day, Health and Science Interests II sold 49,800 shares at $17.50 a share.
