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Congress has issued a formal subpoena to Leon Black, the billionaire co-founder of private equity firm Apollo Global Management, demanding answers about his ties to late sex offender Jeffrey Epstein.
Lawmakers escalated to the legally binding order after accusing Black of failing to respond adequately to their earlier questions — a step that significantly raises the legal stakes for one of the most recognizable names in American private equity.
What a Congressional Subpoena Means A subpoena is a legally binding government order requiring a person to produce testimony, documents, or both.
When Congress issues one, non-compliance can result in a finding of contempt of Congress, which carries the possibility of criminal referral to the Justice Department.
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