What powers did Epstein have under Les Wexner's power of attorney?

Wexner's power of attorney granted Epstein sweeping authority over his financial affairs including ability to make investments, buy and sell assets, open accounts, and act in Wexner's name. This was extraordinarily unusual.

Epstein's Power of Attorney Over Wexner: What It Allowed

The Power of Attorney Documents

In approximately 1987-1988, Leslie Wexner executed a power of attorney in Epstein’s favor and also named him as sole trustee of a family trust. The documents granted exceptionally broad authority.

The Scope of Authority

A broad power of attorney like the one Wexner executed can authorize the holder to:

Open and close bank accounts
Buy and sell real estate and investments
Enter contracts on behalf of the principal
Access and control financial records
Act in all financial matters as if the principal were present

What Epstein Did With It

With this authority, Epstein:

Managed Wexner’s investment accounts
Transacted real estate (including the Manhattan mansion transfer)
Operated as the primary financial steward of Wexner’s personal wealth

The Unusual Nature

Typically, broad powers of attorney are given to close family members or long-established trusted professionals. Giving such authority to a relatively recent acquaintance with no verifiable professional track record was extraordinary.

The Million Misappropriation

Wexner stated Epstein misappropriated approximately million using these powers. This admission confirmed what critics had long suspected the power of attorney was misused for personal enrichment.