Legal Intelligence

Ex-Goldman Sachs Lawyer Tells House Panel Epstein Generated 'Millions' for Firm

The testimony adds documentary weight to congressional scrutiny of how major financial institutions managed their relationships with Jeffrey Epstein — and what compliance obligations may have been...

The Congressional Times · July 30, 2026

Former Goldman Sachs lawyer Kathy Ruemmler told a House panel that Jeffrey Epstein generated 'millions' of dollars for the firm, according to a transcript of her appearance published by ABC News on July 30, 2026. Ruemmler, who served as White House Counsel under President Barack Obama before joining Goldman Sachs, provided the figure in response to questions from panel members. The transcript is a public congressional record.

Ruemmler's appearance before the House panel marks one of the more direct on-record acknowledgments of the financial relationship between Goldman Sachs and Epstein. The specific dollar amount described as 'millions' was not further broken down in the portion of the transcript reported by ABC News. The full transcript, as a congressional record, would contain the complete exchange and any additional figures provided under questioning.

The panel's inquiry falls within Congress's oversight authority over financial institutions and their compliance with federal anti-money laundering and know-your-customer regulations administered by the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC). Whether the panel has referred any findings to those agencies is not yet known; a referral letter, if one exists, would appear in the congressional record.

Goldman Sachs has not been charged in connection with its relationship with Epstein. JPMorgan Chase reached a $75 million settlement in 2023 with the U.S. Virgin Islands over its banking relationship with Epstein, according to court filings in that case. Deutsche Bank separately settled for $75 million with Epstein victims in 2023, per court records. Whether the House panel is examining Goldman Sachs under a comparable framework is not stated in the available transcript excerpt.

What remains unknown: the full scope of Ruemmler's testimony, the specific services or transactions that generated the revenue she described, and whether the panel intends to call additional Goldman Sachs witnesses. The complete hearing transcript, when entered into the congressional record, would answer each of those questions.

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