Ex-Goldman Sachs lawyer told panel that Epstein made her firm 'millions' of dollars

https://www.youtube.com/watch?v=0xof5aAyZvQ

Former Kathy Ruemmler told a House panel that Jeffrey Epstein generated "millions" of dollars in business for Goldman Sachs, according to a transcript of her congressional interview.

What Ruemmler said

According to the transcript:

• Ruemmler acknowledged that Epstein was a profitable client for Goldman Sachs.

• She said he brought the firm millions of dollars in revenue through his business.

• Her testimony was part of a congressional inquiry examining Epstein's relationships with major financial institutions.

Broader scrutiny

Lawmakers have been reviewing how financial firms handled relationships with Epstein despite his criminal history and public scrutiny. The inquiry has focused on:

• Internal oversight and compliance practices.

• Client due diligence.

• Whether financial institutions should have ended relationships sooner.

Goldman Sachs' relationship with Epstein

Goldman Sachs has previously stated that it ended its business relationship with Epstein years before his 2019 arrest and has said it has strengthened its compliance and client review procedures since then.

Bottom line

Kathy Ruemmler's testimony adds to ongoing congressional scrutiny of how major financial institutions managed their relationships with Jeffrey Epstein. Her statement that Epstein generated "millions" for Goldman Sachs underscores why lawmakers continue to examine the firm's past dealings with the convicted sex offender.