Les Wexner Deposition: Island Visits, $1 Billion & Victoria's Secret

The Deposition

On February 12, 2026, Leslie H. Wexner, the billionaire founder of L Brands (parent company of Victoria's Secret and Bath & Body Works), testified under oath in a congressional deposition related to the Epstein case. According to reporting by CBS News, NBC News, and the New York Times, the deposition produced several significant revelations about the financial relationship between Wexner and Jeffrey Epstein.

The deposition was part of the congressional investigation prompted by the release of 3.5 million pages of Epstein investigation materials through the DOJ Epstein Library on January 30, 2026.

Legal context: A deposition is sworn testimony given under penalty of perjury. Wexner has not been charged with criminal offenses in connection with the Epstein case. Being deposed does not imply guilt or criminal wrongdoing.

Key Revelations

Over $1 Billion in Transfers

The most significant revelation from the Wexner deposition was the scale of financial transfers from Wexner to Epstein. According to NBC News and the Wall Street Journal, Wexner testified that the total value of assets transferred to Epstein over the course of their relationship exceeded $1 billion.

This figure is substantially larger than previously reported estimates. According to the New York Times, prior reporting had placed the total transfers in the hundreds of millions. The deposition testimony, under oath, provided a more complete accounting.

The transfers reportedly included:

• Cash and financial assets — Direct monetary transfers over a period of years
• Real estate — Including the transfer of Epstein's infamous New York townhouse (originally purchased by Wexner for approximately $13.2 million), according to public property records
• Power of attorney — Wexner granted Epstein sweeping power of attorney over his financial affairs, a level of control that financial experts have described as extraordinary
• Investment authority — Epstein managed substantial portions of Wexner's personal fortune

Admission of Island Visits

According to CBS News and the Associated Press, Wexner testified that he had visited Jeffrey Epstein's private island, Little St. James, in the U.S. Virgin Islands. This confirmation is significant because the island has been central to allegations in the Epstein case.

Wexner reportedly characterized his visits as social in nature and denied witnessing any criminal activity during his time on the island. The specific dates and frequency of visits discussed in the deposition have not been fully reported.

Victoria's Secret Connection

The deposition also addressed the connection between Epstein and Victoria's Secret. According to reporting by the New York Times and Wall Street Journal:

• Epstein reportedly used his association with Wexner and Victoria's Secret to recruit women, telling them he could provide modeling opportunities
• Wexner testified that he was unaware Epstein was using the Victoria's Secret brand name in this manner
• Former employees and models have previously alleged that Epstein presented himself as a talent scout for Victoria's Secret, according to the New York Times

This aspect of the Epstein-Wexner relationship has been reported on since at least 2019, but the deposition provided sworn testimony addressing these allegations directly.

The Financial Relationship

The Wexner-Epstein financial relationship was one of the most significant and unusual aspects of Epstein's career. According to verified reporting:

How It Began

Wexner and Epstein met in the mid-1980s, introduced through mutual contacts in the financial industry, according to the New York Times. Epstein quickly became Wexner's primary financial advisor, eventually gaining extraordinary control over his financial affairs.

The Power of Attorney

According to court documents and media reporting, Wexner granted Epstein a general power of attorney — legal authority to act on Wexner's behalf in virtually all financial matters. Financial and legal experts have described this arrangement as highly unusual and far exceeding the authority normally granted to a financial advisor.

The Separation

Wexner has stated that he severed his financial relationship with Epstein in 2007, before Epstein's 2008 guilty plea. According to the New York Times, Wexner has said he discovered that Epstein had "misappropriated vast sums of money" from him.

The deposition reportedly explored this timeline in detail, with congressional investigators questioning whether the separation was as complete as previously stated.

Congressional Response

The Wexner deposition was part of a broader congressional investigation into the Epstein case. According to the Associated Press, members of the congressional committee asked Wexner about:

• The total scope of financial transfers to Epstein
• What Wexner knew about Epstein's criminal activities
• The timeline of their relationship and its termination
• Whether other L Brands executives had relationships with Epstein
• The use of Victoria's Secret branding in Epstein's recruiting activities

What We Know and What We Don't

Based on the deposition and verified reporting:

• Wexner transferred over $1 billion in assets to Epstein over the course of their relationship
• Wexner visited Epstein's private island
• Wexner granted Epstein sweeping power of attorney
• Epstein reportedly used the Victoria's Secret association to recruit women
• Wexner has stated he severed the relationship in 2007 after discovering financial misappropriation

What remains unknown:

• The full details of all financial transactions between Wexner and Epstein
• Whether Wexner had any knowledge of Epstein's criminal activities
• The complete testimony — portions of the deposition may be under seal
• Whether the congressional investigation will lead to further legal proceedings involving Wexner
• The full extent of Epstein's use of Victoria's Secret connections

Primary Sources

1. CBS News, Wexner deposition reporting — cbsnews.com
2. NBC News, $1 billion transfer reporting — nbcnews.com
3. New York Times, Wexner-Epstein ties analysis — nytimes.com
4. Wall Street Journal, financial relationship reporting — wsj.com
5. Associated Press, deposition key takeaways — apnews.com

---

Read about the broader congressional investigation in our Pam Bondi hearing analysis. For background on Epstein's island, see Epstein Island. Browse the full case timeline or explore all documents.