Senator Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Representative Raja Krishnamoorthi, ranking member of the House Oversight Subcommittee on Health Care and Financial Services, sent Goldman Sachs Chief Executive Officer David Solomon a letter seeking information about the bank's handling of Chief Legal Officer and General Counsel Kathryn Ruemmler's relationship with Jeffrey Epstein. The lawmakers asked about reports that Solomon urged Ruemmler to remain at Goldman Sachs as an adviser despite her resignation after public scrutiny of her personal and professional ties to Epstein, and said the matter raises questions about Goldman Sachs's due diligence and Solomon's judgment. Citing reports following the Department of Justice's January 30, 2026 release of materials from the Jeffrey Epstein and Ghislaine Maxwell investigation and prosecution, the letter says Ruemmler was in frequent contact with Epstein between 2014 and 2019, discussed how the law differentiates between underage victims of sex crimes and adult prostitutes, and accepted gifts worth tens of thousands of dollars. It also notes that Goldman Sachs publicly defended Ruemmler after the DOJ release, that she announced in February that her resignation would take effect on June 30, 2026, and that later reporting suggested Solomon pressed her to reconsider and move to another position within the firm. The lawmakers requested a response by June 26 on Goldman Sachs's prior knowledge of Ruemmler's relationship with Epstein, the bank's decision to defend her after the DOJ disclosures, and Solomon's reported effort to keep her at the bank.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-06-10
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member seeks Goldman Sachs answers on Kathryn Ruemmler's reported Epstein ties and adviser role
The ranking members of the Senate Banking Committee and the House Oversight Subcommittee on Health Care and Financial Services sent Goldman Sachs CEO David Solomon a letter seeking information on the bank’s handling of Chief Legal Officer Kathryn Ruemmler’s relationship with Jeffrey Epstein. Citing reports on Ruemmler’s frequent contact with Epstein, Goldman’s public defense of her after DOJ released Epstein-related materials, and Solomon’s efforts to retain her, the lawmakers request details on the firm’s prior knowledge, its public stance, and Solomon’s actions.