Goldman Sachs' lawyer Ruemmler resigns after ties with Epstein surfaces

Up until her resignation, Ruemmler repeatedly tried to distance herself from the emails and other correspondence

Kathy Ruemmler, the top lawyer at storied investment bank Goldman Sachs and former White House counsel to President Barack Obama, has resigned, after emails between her and Jeffrey Epstein showed a close relationship where she described him as an "older brother" and downplayed his sex crimes.

Up until her resignation on Thursday, Ruemmler repeatedly tried to distance herself from the emails and other correspondence and had been defiant that she would not resign from Goldman's top legal post, which she had held since 2020.

While Ruemmler has called Epstein a "monster" in recent statements, she had a much different relationship with Epstein before he was arrested a second time for sex crimes in 2019 and later killed himself in a Manhattan jail. Ruemmler called Epstein "Uncle Jeffrey" in emails and said she adored him.

 

In a statement before her resignation, a Goldman Sachs spokesperson said Ruemmler "regrets ever knowing him".

During her time in private practice after she left the White House in 2014, Ruemmler received several expensive gifts from Epstein, including luxury handbags and a fur coat. The gifts were given after Epstein had already been convicted of sex crimes in 2008 and was registered as a sex offender.

"So lovely and thoughtful! Thank you to Uncle Jeffrey!!!" Ruemmler wrote to Epstein in 2018.

Historically, Wall Street frowns on gift-giving between clients and bankers or Wall Street lawyers, particularly high-end gifts that could pose a conflict of interest. Goldman Sachs requires its employees to get pre-approval before receiving or giving gifts from clients, according to the company's code of conduct, partly in order to not run afoul of anti-bribery laws.

As late as December, Goldman CEO David Solomon described Ruemmler as an "excellent lawyer" and said she had his full faith and backing.