A tech mogul who once handed Ghislaine Maxwell a $7.2 million parting gift has broken his silence before Congress.
Gateway co-founder Ted Waitt told the House Oversight Committee that when he ended their seven-year relationship in 2010, Maxwell was “not being happy with the amount” and was “wanting more,” as reported by The Daily Beast. Waitt, 63, whose fortune once reached $4 billion before the dot-com crash, testified that he also gave Maxwell, 64, thousands of dollars every month throughout their time together as a couple.
Per the outlet, the convicted sex trafficker, currently serving a 20-year prison sentence, evidently expected the arrangement to last forever. Waitt told lawmakers that the breakup was his decision alone and that the multimillion-dollar payout was meant to help Maxwell “continue to live her life at the level she was accustomed to.”
AJ SOKALNER – ACEPIXS.COM/Newscom/The Mega Agency
“We lived a fairly extravagant life,” he testified before congress per the report. “In hindsight, if I had to do it over again, I wouldn’t have done it.”
When Republican Rep. Nancy Mace, 48, compared the split to a divorce, Waitt described the massive payment as a “palimony settlement-type thing,” according to the outlet. He confirmed there was never a written agreement between them.
The pair also mingled in high-profile social circles. Maxwell accompanied Waitt on a 2009 yacht outing with Chelsea Clinton and her then-fiancé, Marc Mezvinsky, according to a Politico report from that year. The couple was also among the guests at the Clinton-Mezvinsky wedding in 2010.
Democratic Rep. Ro Khanna, 49, pressed him on whether he knew Maxwell had been named a co-conspirator in Epstein’s 2008 conviction. Waitt testified he had no idea until long after their breakup, as reported by The Daily Beast.
“I can say unequivocally that if I knew then what I know now about Ms. Maxwell, I never would’ve befriended her or allowed her to be around my four children,” he told lawmakers, according to the outlet.