Warren, Krishnamoorthi Press Goldman Sachs CEO Solomon on Reported Decision to Keep Ruemmler at Bank, Despite Close Relationship With Jeffrey Epstein

Warren, Krishnamoorthi Press Goldman Sachs CEO Solomon on Reported Decision to Keep Ruemmler at Bank, Despite Close Relationship With Jeffrey Epstein

"The information uncovered in recent months not only raises serious questions as to whether Goldman Sachs either failed to conduct proper due diligence or viewed Ruemmler's relationship with Epstein as appropriate … but now calls into question your professional judgement and fitness to continue leading one of the largest banks in the United States."

Text of Letter (PDF)

Washington, D.C. - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Representative Raja Krishnamoorthi (D-IL), Ranking Member of the Subcommittee on Health Care and Financial Services on the House Oversight Committee sent a letter to Goldman Sachs CEO David Solomon requesting information regarding reports that Solomon asked Goldman Sachs Chief Legal Officer and General Counsel Kathryn Ruemmler to remain at the bank as an "adviser" despite her resignation following mounting public scrutiny of her close personal and professional relationship with convicted sex criminal Jeffrey Epstein.

"On January 30, 2026, the DOJ released a slew of documents, images, communications, and other materials related to the investigation and prosecution of Jeffrey Epstein and Ghislaine Maxwell. According to reports, the documents reveal that Ruemmler and Epstein were in frequent contact between 2014 and 2019, just one year prior to her joining Goldman and long after Epstein's conviction for soliciting a child for sex in 2008," wrote Ranking Member Warren and Rep. Krishnamoorthi.

"According to reports…Ruemmler "educated (Epstein) on how the law differentiates between underage victims of sex crimes and adult prostitutes…" wrote the lawmakers. "... Ruemmler reportedly accepted tens of thousands of dollars in gifts from Epstein. These gifts are reported to have included $9,350 Hermes handbag, $10,000 in Bergdorf Goodman gift cards, a Fendi coat valued at $4,200,17 and an Apple Watch."

"Following the DOJ's document release in January, Goldman Sachs has defended and supported Ruemmler publicly… In February, Ruemmler announced her resignation from Goldman Sachs, effective June 30, 2026,"wrote the lawmakers. "At the time, you stated that you "reluctantly" accepted Ruemmler's resignation. While Goldman Sachs has declined to comment on this matter, new reporting suggests that you "pressed" her to reconsider her resignation and instead move to a new position within the firm."

Ranking Member Warren and Rep. Krishnamoorthi requested responses from Mr. Solomon by June 26 regarding the extent of Goldman Sachs's prior knowledge of Ruemmler's relationship with Epstein and its decision to defend Ruemmler in the wake of the DOJ document releases, as well as Mr. Solomon's reported decision to keep her at the bank.

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