Krishnamoorthi and Warren Press Goldman Sachs Over Kathy Ruemmler’s Continued Employment, Reported Reputation Management Campaign Following Epstein Revelations

WASHINGTON — Congressman Raja Krishnamoorthi (D-IL), a member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a follow-up letter to Goldman Sachs CEO David Solomon and Goldman Sachs Senior Counselor Kathryn Ruemmler on Tuesday after Goldman Sachs failed to adequately answer the lawmakers' previous inquiry regarding the terms of Ruemmler's continued employment following revelations about her extensive ties to convicted sex criminal Jeffrey Epstein. The follow-up letter also seeks records concerning Goldman Sachs' reported use of the reputation management firm Terakeet to bolster Ruemmler's public image. The letter comes as Ruemmler appeared before the House Committee on Oversight and Government Reform this week regarding her ties to Jeffrey Epstein.

The lawmakers write:

"The bank's June 26, 2026 response was insufficient—and in fact, it raised more questions than answers. Specifically, though the response stated that 'Ms Ruemmler [would] retire from' the roles of 'chief legal officer and general counsel of The Goldman Sachs Group, Inc. . . . on June 30 as previously announced,' the letter did not explicitly state when Ms. Ruemmler would depart the firm. The length of this 'transition period,' and Ms. Ruemmler's plans, if any, to continue her work at the firm afterwards along with her compensation, remain unclear."

The lawmakers continue:

"Meanwhile, Goldman Sachs appears to continue to expend resources to launder Ms. Ruemmler's public reputation. According to reports from earlier this year, Goldman Sachs contracted a reputation management firm, Terakeet, in 2024. Terakeet reportedly 'created and posted positive online content about Ms. Ruemmler that was aimed at appearing above the mostly negative content about her association with Mr. Epstein. The goal was that at least 80 percent of the first 30 Google search results would be favorable.'"

The letter also notes that Terakeet's services reportedly cost between $5 million and $10 million annually and states that, as of May 2026, Ruemmler reportedly continued to be covered under Goldman Sachs' account with the firm.

The lawmakers requested responses to the following questions by July 28, 2026:

1. Goldman Sachs has stated that Ms. Ruemmler will stay on at the firm in a senior counselor role "during the transition period leading up to the appointment of a new chief legal officer."
   1. What are the duties associated with this position? Provide copies of any job description or written communications describing the position.
   2. What is Ms. Ruemmler's new compensation package? Provide documentation.
   3. How long is the "transition period" anticipated to last?
2. On what date will Ms. Ruemmler depart the firm? If you cannot provide a specific date, please confirm in writing that Goldman Sachs will not offer Ms. Ruemmler a new position at the end of the "transition period leading up to the appointment of a new chief legal officer."
3. How did you both come to the agreement that you would no longer depart the firm on June 30 but would instead stay on in a high-level advisory role?
4. Has Ms. Ruemmler recused herself from the selection process of her successor? If she has not yet, why not?
5. Please provide a copy of Goldman Sachs' contract with Terakeet and any other documents that describe the scope of services Terakeet provides for the firm, the total cost of services, and all communications between current and former Goldman Sachs employees with current and former Terakeet employees, including but not limited to its co-founder, Mac Cummings, since 2024.
   1. Who directed Terakeet to "[create] and [post] positive online content about Ms. Ruemmler that was aimed at appearing above the mostly negative content about her association with Mr. Epstein"?
   2. Please provide any memos, reports, and other deliverables Terakeet prepared for the firm.
6. Provide copies of all communications between Ms. Ruemmler and any current and former Terakeet employees, including all communications conducted on phone, email, and other communication accounts not officially associated with Goldman Sachs. Include any communications between Ms. Ruemmler and Mac Cummings.
7. With whom, if anyone, at Goldman Sachs or Terakeet did Ms. Ruemmler discuss her plans to reach out to Ankush Khardori to discuss "her side" of the Epstein story? If Ms. Ruemmler did not discuss these plans with any current or former employee of Goldman Sachs or Terakeet, please confirm that in writing.

In addition, the lawmakers reiterated their request for answers to the following questions from their June 9, 2026, letter, which were not sufficiently answered in Goldman Sachs' response:

8. Did Mr. Solomon "press" Ruemmler to stay at the firm? If so, why?
9. A Goldman Sachs spokesperson stated that Ruemmler "disclosed her association with Epstein before joining the firm[.]"
   1. How did Ruemmler describe the nature of her relationship with Epstein?
   2. Did Ruemmler disclose that she advised Epstein on how to discredit one of his accusers?
   3. Did Ruemmler disclose that she accepted tens of thousands of dollars in gifts from Epstein?
   4. Did Goldman Sachs conduct any additional due diligence following Ruemmler's disclosure?
10. A Goldman Sachs spokesperson stated that Ruemmler "has answered every question the firm has ever asked." Please provide the list of questions that Goldman Sachs asked Ruemmler about her relationship with Mr. Epstein and her responses.
11. Did Goldman Sachs notify any of its regulators, including, but not limited to, the Federal Reserve Board, Federal Deposit Insurance Corporation, and New York Department of Financial Services, of Ruemmler's connections to Epstein prior to hiring her as its top legal officer?
12. Ruemmler initially announced her resignation on February 13, 2026, but it was not going to be effective until June 30, 2026. Had Ruemmler resigned effective immediately in February, would it have limited her compensation package in any way? If so, please provide the quantitative impact.

The new letter is available here.

Their June 9, 2026 letter is available here.

A reply from Goldman Sachs to the previous letter is available here.