The top Democrat on the House Oversight Committee is calling on Goldman Sachs to sever all remaining ties with Kathy Ruemmler, the firm’s former chief legal officer, following her testimony last month about her relationship with Jeffrey Epstein.
In a letter sent on Friday to Goldman CEO David Solomon, Democratic Rep. Robert Garcia called Ruemmler’s testimony before the committee “nothing short of shocking” and said that she was “clearly demonstrating a refusal to take accountability for her conduct.”
“Ms. Ruemmler should not serve as a Goldman Sachs executive in any capacity,” Garcia wrote. Ruemmler initially announced her resignation from the bank in February after a series of reports, including from CNN, detailing the extent of her relationship with Epstein in the years before he died in 2019.
While Ruemmler initially said she intended to leave the bank on June 30, she has since remained in an advisory role, reportedly at the behest of Solomon, while the firm seeks to replace her.
Garcia also called on the bank to commit that its next chief legal officer have no connection to either Epstein or his convicted accomplice Ghislaine Maxwell after Ruemmler declined to promise so in her closed-door interview last month. The bank is under no obligation to respond.
