In his Wednesday note, Wexner said that some of the money had been repaid. In 2008, two entities tied to Epstein transferred $46 million to a charitable foundation overseen by Wexner’s wife Abigail, mostly in Apple Inc. shares. “All of that money -- every dollar of it -- was originally Wexner family money,” the letter said.

Unlike some of Wexner’s employees and associates, the billionaire trusted Epstein because he told the older man he had various well-known and respected individuals as his clients and in his inner circle.

“Based on positive reports from several friends, and on my initial dealings with him, I believed I could trust him,” Wexner wrote.

--With assistance from Joe Schneider and Tom Metcalf.

This article was provided by Bloomberg News.

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