sayerji.substack.com Kathy Ruemmler, Ariane de Rothschild, and the Edmond de Rothschild DOJ Settlement: A document-by-document analysis of the federal exhibit record
About This Report This report is based on exhibits produced in federal proceedings and identified by EFTA production numbers. Quoted passages reflect statements made by the participants as they appear in the cited exhibits. The analysis is limited to the contents of the documentary record and does not purport to make findings of fact, law, or misconduct. No party named in this report was contacted for comment.
Emails produced in federal proceedings reveal that Jeffrey Epstein was paid $25 million to negotiate a Department of Justice settlement on behalf of Edmond de Rothschild bank, that he recruited former White House Counsel Kathy Ruemmler for the engagement, and that the relationship between all three parties continued for years after the deal closed. On February 13, 2026, Goldman Sachs confirmed Ruemmler’s departure as the bank’s General Counsel amid the fallout from these disclosures. But the coverage that forced her out focused on the personal relationship. The $25 million deal at the heart of it has received little or no mainstream reporting.
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The Deal
On the night of December 10, 2015, Jeffrey Epstein sent an email to Ariane de Rothschild — the chairwoman of Edmond de Rothschild Group, one of Europe’s oldest private banking dynasties. The subject line was blank. The message was not.
“i think you will find that 45.5 penalty legal ( kathy plus pillsbury around 10. me 25 ) all less than 80 pretty good.” (EFTA00669908)
The email did not exist in isolation. Two months earlier, on October 5, 2015, Epstein’s company Southern Trust Company, Inc. had signed a formal Letter of Agreement with Ariane de Rothschild and Edmond de Rothschild Holding, S.A. (EFTA00584904). The contract explicitly stipulated a $25 million fee to STC “for Work specifically relating to outstanding matters between Edmond de Rothschild Holding, S.A. and the United States,” payable within three days of EDRH making payment to the U.S. government. The December 10 email was not Epstein characterizing an arrangement — it was him reporting the execution of one already contractually fixed.
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