Les Wexner Epstein Deposition — Congressional Testimony Excerpts, February 2026

Overview

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 Jeffrey Epstein case. 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.

The Wexner deposition produced several significant revelations about the financial relationship between Wexner and Epstein, including the scale of financial transfers and admissions regarding visits to Epstein's private island.

Background: The Wexner-Epstein Relationship

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

The relationship between the two men has been described by financial and legal experts as highly unusual. Wexner granted Epstein authority to act on his behalf in virtually all financial matters — a level of control that far exceeded normal financial advisory arrangements.

Wexner has stated that he severed his relationship with Epstein in 2007, before Epstein's 2008 guilty plea, after discovering that Epstein had "misappropriated vast sums of money."

Key Revelations from the Deposition

Financial Transfers Exceeding $1 Billion

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

This figure substantially exceeds previously reported estimates, which had placed the total in the hundreds of millions of dollars. The transfers reportedly included:

Direct monetary transfers over a period spanning approximately two decades
Real estate — Including Epstein's New York townhouse at 9 East 71st Street, originally purchased by Wexner for approximately $13.2 million according to property records
Investment authority — Epstein managed significant portions of Wexner's personal fortune under the power of attorney arrangement
Other assets — Additional transfers of various financial instruments and assets

Island Visits Confirmed

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

According to reporting on the deposition:

Wexner characterized his visits as social in nature
He denied witnessing any criminal activity during his time on the island
The specific dates, frequency, and duration of visits were discussed but have not been fully reported from the closed deposition

Victoria's Secret Connection

The deposition addressed the longstanding allegations regarding Epstein's use of the Victoria's Secret brand name. According to reporting by the New York Times and Wall Street Journal:

Epstein reportedly told women he could provide them with modeling opportunities at Victoria's Secret
Multiple former employees and aspiring models have alleged that Epstein presented himself as a talent scout for the brand
Wexner testified that he was unaware that Epstein was using the Victoria's Secret name for recruiting purposes
The extent to which Epstein had any legitimate role in Victoria's Secret operations was explored during questioning

Power of Attorney Arrangement

Congressional investigators questioned Wexner about the extraordinary power of attorney granted to Epstein. According to the Wall Street Journal:

Wexner acknowledged the arrangement was unusual
He testified about the process by which Epstein gained increasing control over his financial affairs
Investigators explored whether the power of attorney was used in ways beyond what Wexner had authorized
The arrangement's role in enabling Epstein's financial independence and wealth accumulation was a focus of questioning

The Separation

The deposition explored in detail the circumstances of Wexner's separation from Epstein in 2007. According to media reporting:

Wexner testified that he discovered financial irregularities that prompted him to end the relationship
He described the process of revoking the power of attorney
Investigators questioned whether the separation was as complete as previously stated
The timeline of events leading to the separation was examined under oath

Legal Context

Several important legal points apply to the Wexner deposition:

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
The deposition was conducted as part of a congressional investigation, not a criminal proceeding
Portions of the deposition may be classified or under seal, meaning the full testimony has not been publicly released

Significance

The Wexner deposition is significant for several reasons:

Scale of financial relationship — The $1 billion-plus figure establishes that Wexner was by far the largest known financial contributor to Epstein's wealth
Island visit confirmation — Sworn testimony confirming visits to Little St. James adds to the documented record
Victoria's Secret allegations — The testimony provides an on-the-record response to longstanding allegations about Epstein's use of the brand
Congressional accountability — The deposition represents a significant step in congressional oversight of the Epstein case

Les Wexner Deposition Transcript Excerpts (February 2026)