Feb 13 β€’ 02:14 UTC πŸ‡³πŸ‡΄ Norway NRK

Epstein case: Goldman Sachs' top lawyer resigns

Goldman Sachs' general counsel Kathy Ruemmler is stepping down later this year due to extensive ties with Jeffrey Epstein.

Kathy Ruemmler, Goldman Sachs' general counsel, has announced her resignation, effective June 30, as scrutiny over her contacts with Jeffrey Epstein has intensified. In statements to the Financial Times, Ruemmler cited the media attention surrounding her previous work as a defense attorney as a distraction, prompting her decision to leave the Wall Street banking giant. She noted that the focus on her connections to Epstein was contributing to this situation.

Ruemmler's career includes serving as a political advisor to former President Barack Obama from 2011 to 2014 before joining Goldman Sachs in 2020, where she played a significant role in the company’s legal strategies. Epstein's connections with high-profile individuals have long been scrutinized, and as a result, any association with him tends to attract considerable media coverage. Ruemmler's situation reflects the ongoing ramifications of the Epstein scandal on those in his social or professional circles.

This resignation could have implications for Goldman Sachs, as Ruemmler's departure may lead to questions regarding the firm's governance and oversight practices in hiring individuals with controversial pasts. It also highlights the review of personal connections to Epstein that continues to affect many who were once associated with him, as the legacy of the Epstein scandal lingers in the public consciousness and impacts the careers of influential figures in various industries.

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