Goldman’s Chief Counsel Exits Following Epstein Connection Disclosure

Goldman Sachs has announced the resignation of its chief counsel, Kathryn Ruemmler, following a significant controversy linked to her past relationship with Jeffrey Epstein. The decision came on a Thursday night after the Justice Department unveiled emails and various materials that shed light on her extensive ties to the disgraced financier.

Details of the Controversy

For years, Ruemmler and Goldman Sachs representatives maintained that her relationship with Epstein was strictly professional. However, recent discoveries revealed otherwise. Released communications included emails, text messages, and photographs that depicted Ruemmler accepting gifts from Epstein, offering him advice on managing media scrutiny, and even discussing personal matters such as her dating life.

Official Statements

Goldman Sachs’ CEO, David M. Solomon, publicly acknowledged Ruemmler’s resignation, stating, “I respect her decision.” In one instance, Ruemmler referred to Epstein as “Uncle Jeffrey” in a message to an associate, highlighting a level of familiarity beyond a typical professional relationship.

Ruemmler’s Background

• Started as Goldman Sachs’ general counsel in 2021.
• Served as partner and vice chair of the reputational risk committee.
• Former White House counsel under President Obama.
• Notably worked as a white-collar defense lawyer at Latham & Watkins.

Commitment to Goldman Sachs

In a statement on her resignation, Ruemmler expressed her priority as “to put Goldman Sachs’s interests first.” This incident marks a critical moment for the investment bank, as it navigates the ramifications of this disclosure and its impact on the firm’s reputation.

This story is still developing, and further updates are expected as more details emerge regarding the implications of Ruemmler’s departure and the revelations surrounding her relationship with Epstein.