Epstein Update 2
Richard Kahn Testified for Seven Hours Today. What He Admitted And What He Couldn’t Remember Tells You Everything About How Epstein Operated.
By Last Page First | March 12, 2026 | Dispatch #2
Editor’s Note: This is an updated dispatch- a status report on where the investigation stands today. The last one ran March 7. A lot has happened. Everything below is sourced.
On March 11, 2026 Richard Kahn testified for seven hours.
The version I knew going in: Epstein’s longtime accountant. Co-executor of an estate worth $650 million at its peak. Set to inherit $25 million under the terms of a will Epstein signed two days before he died.
The version that walked out: a man who admitted to impersonating Epstein in communications with banks. Who facilitated at least one fake marriage between women connected to Epstein- part of a scheme to give foreign-born victims immigration status. Who is mentioned more than 50,000 times in the DOJ’s Epstein files. Who managed the flow of money that paid for “the girls,” vouched for Epstein on flagged tuition payments, and ran Epstein’s finances through a company called HBRK Associates for over a decade.
His explanation for all of it: he didn’t know.
“While Epstein was alive, I never observed any sexual abuse or trafficking of women and never received a complaint — either by one of Epstein’s victims or anyone else — of such abuse or trafficking.”
Democrats on the committee didn’t buy it. Rep. James Walkinshaw said it plainly: if Kahn was ignorant of Epstein’s crimes, it was willful ignorance. Rep. Robert Garcia said the trafficking ring would not have been possible without Kahn’s consistent payments and services.
Kahn said his relationship with Epstein was “strictly professional.” He received $25 million in the will. He was never questioned by law enforcement during the entire federal investigation into Epstein and Maxwell, a fact that five senators described last December as “inexcusable.”
Let’s get into it. All of it.
RICHARD KAHN: THE MAN WHO RAN THE BOOKS
50,000 mentions. Zero charges. One deposition.
Kahn started working for Epstein in 2005. That’s one year before Epstein’s 2006 arrest on solicitation charges involving a minor. Kahn said Epstein told him that arrest was “a mistake” and that he didn’t know the girl was underage. Kahn said he believed him.
He kept working for Epstein for thirteen more years.
During that time, through his company HBRK Associates, Kahn managed Epstein’s bank accounts- hundreds of them, structured across at least 64 entities and shell companies. He had signatory authority and power of attorney. He authorized wire transfers, made large cash withdrawals, managed tax filings. He processed medical reimbursements categorized in the files as payments for “the girls.” He coordinated tuition payments that triggered bank flags- and then vouched for them.
He impersonated Epstein in communications with banks. He admitted this yesterday during his deposition.
He facilitated what prosecutors later described as sham marriages- at least three of them, per a class action lawsuit that Kahn and co-executor Darren Indyke recently settled for $35 million. The scheme: foreign-born women in Epstein’s orbit were married off to American men Epstein abused, giving them immigration status and keeping them tied to the network. Kahn’s name is on the settlement. It does not include an admission of wrongdoing.
He was also listed as a backup executor in a January 2019 version of Epstein’s will, six months before Epstein’s arrest. Two days before Epstein died, he was upgraded. Co-executor. $25 million inheritance.
The DOJ and FBI never questioned him. Not once. Not during the 2006 investigation. Not during the 2019 federal case. Not during the Maxwell prosecution.
Congress asked him why today. He said he didn’t know why either.
“A failure of this magnitude cannot be attributed to simple oversight or misunderstanding, and it is incumbent on Congress to understand why such a failure occurred.” — Five Democratic senators, in a letter to AG Bondi and FBI Director Kash Patel, December 2025
What Kahn confirmed under oath: five clients paid Epstein the most money. Les Wexner. Glenn Dubin. Steven Sinofsky. The Rothschilds. Leon Black. None of those people have been charged with wrongdoing. All of them are either under scrutiny, have testified, or are scheduled to testify.
He also confirmed that Epstein spoke about Donald Trump “a lot.” He said he never saw any financial transactions between Epstein and Trump. Republicans noted this is now the fifth witness to say the same thing under oath.
He confirmed that Epstein’s estate reached a settlement with a person who has also made accusations related to Trump. Democrats pressed for the name. No name was released.
Next up: Darren Indyke, Epstein’s personal attorney for over thirty years, on March 19. Indyke stands to inherit $50 million from the estate. He co-signed the will eight days after Epstein’s death. He was also never questioned by law enforcement.
THE FILES THEY STILL HAVEN’T RELEASED
37 pages still missing. The AG is now under subpoena.
When I wrote the last dispatch, the big story was the 302 memos- FBI interview summaries- that had gone missing from the public Epstein file database. The DOJ called it a clerical error. NPR and CNN found the gap using a Maxwell evidence catalog the DOJ itself had released. The files listed existed. The files themselves did not.
Here’s where that stands now.
After NPR’s reporting, the DOJ released 16 new pages covering three additional FBI interview summaries. These interviews are with a woman from South Carolina who told agents she was sexually abused by Epstein starting at age 13. In a follow-up interview, she alleged that Epstein introduced her to Donald Trump and that Trump sexually assaulted her. The new documents go into more detail about those allegations, including an FBI summary email and a DOJ PowerPoint slide deck that names both Trump and Epstein in connection with the claims.
37 pages are still missing from the public database. Law enforcement notes. A law enforcement report. License records.
Trump has denied wrongdoing. The files do not establish guilt. What they do establish: federal investigators had this information, documented it, and a significant portion of it still has not been made public.
On March 4, the House Oversight Committee voted 24-19 to subpoena Attorney General Pam Bondi. Five Republicans crossed the aisle. That’s not procedural theater- it’s a bipartisan acknowledgment that the DOJ has not met its legal obligations under the Transparency Act.
Bondi has said the DOJ has released everything it is required to release, approximately 3.5 million documents. The department has also acknowledged that as many as 6 million pages may qualify as responsive under the law. That is a gap of 2.5 million pages.
As of yesterday, a bipartisan group of senators sent a letter to the Government Accountability Office asking for a full investigation into how the DOJ handled the release. Their finding: the DOJ exposed victims, publishing email addresses and nude photos of publicly identifiable survivors, while heavily redacting information about powerful figures named as alleged co-conspirators.
“Contrary to Congress’s explicit directive to protect victims, these records included email addresses and nude photos in which the names and faces of victims could be identified. But when it came to information identifying powerful business and political figures who are alleged coconspirators or material witnesses, DOJ appears to have heavily redacted those records.”
Protect the victims. Protect the powerful. That’s the pattern. It’s not new.
THE DEPOSITION ROSTER: UPDATED
Who has sat down, who is scheduled, who is being circled.
Here is where the full deposition roster stands as of today.
ALREADY TESTIFIED
→ Bill and Hillary Clinton — February 2026. Both denied knowledge. Clinton’s deposition videos were released publicly on March 2. Republicans on the committee say nothing in the depositions implicates Trump. Democrats say the depositions raise more questions than answers about Clinton’s flight logs and Abedin’s potential presence on Epstein planes.
→ Les Wexner — February 18, 2026, at his Ohio home. Claimed he was “duped by a world-class con man.” FBI internal documents have identified him as a secondary co-conspirator. He signed a power of attorney giving Epstein near-total control of his finances in 1991. He revoked it the same month Epstein’s non-prosecution agreement was signed in 2007.
→ Ghislaine Maxwell — Appeared virtually. Invoked the Fifth Amendment on every question.
→ Richard Kahn — March 11, 2026. Seven hours. Admitted bank impersonation. Admitted facilitating fake marriage. Said he didn’t know about the crimes. Democrats don’t believe him.
→ Tova Noel — March 26, 2026. A federal jail guard on duty the night Epstein died. Artcile on him coming soon.
SCHEDULED OR AGREED
→ Darren Indyke — March 19. Epstein’s personal attorney for over three decades. $50 million inheritance. Co-signed the will after death. Never questioned by law enforcement.
→ Leon Black — Voluntary. No set date. $170 million paid to Epstein after conviction. Love poem in Ghislaine Maxwell’s birthday book for Epstein. Faces multiple rape allegations; never charged. A $62 million settlement with the Virgin Islands AG gave him criminal immunity in that jurisdiction.
→ Kathryn Ruemmler — Agreed voluntarily. Was asked to testify March 3. The Goldman Sachs CLO who received Epstein’s first call the night of his 2019 arrest. Called him “Uncle Jeffrey” and “sweetie.” Received a $9,400 Hermès bag. Was listed as a backup executor in a January 2019 version of his will. Resigned from Goldman in February 2026.
→ Howard Lutnick — Commerce Secretary, voluntarily agreed. Epstein’s neighbor in New York. Admitted he visited Epstein’s home. Had previously said he cut off contact years before that visit.
→ Bill Gates — Voluntarily agreed. Called his relationship with Epstein a “huge mistake.” DOJ files show more contact than Gates had disclosed.
→ Doug Band — Bill Clinton’s former personal counselor. Voluntarily agreed.
→ Sarah Kellen — Epstein’s former assistant. Named in multiple civil cases as someone who actively recruited and managed victims. Agreed to interview.
→ Lesley Groff — Epstein’s longtime executive assistant. Agreed to interview.
→ Ted Waitt — Billionaire co-founder of Gateway Computers. Voluntarily agreed.
THE DUBINS: A DEEPER LOOK
His most durable lifeline after the conviction.
I did a full research dive on the Dubins this week, that will be posted soon, and I want to flag them here because they are about to become more central to this investigation. Glenn Dubin was confirmed today by Kahn as one of the five clients who paid Epstein the most money. He was also confirmed to be among those whose transactions triggered JPMorgan’s suspicious activity reports totaling approximately $1 billion across Dubin, Black, Dershowitz, and Wexner- filed weeks after Epstein’s death.
But the financial relationship is only one part of it.
Eva Andersson-Dubin is Epstein’s former girlfriend of nearly a decade. After his 2008 sex offender conviction, she wrote to his probation officer saying she was “100% comfortable” with him around her children. She invited him to Thanksgiving. The following year, in 2010, she emailed him: “Come and visit next week. Celina will have 5 friends over.” Celina was 15.
In 2016, she gave Epstein the email address of her Palm Beach neighbor who was raising money for a new hedge fund. Epstein was a registered sex offender at that point for eight years.
The Rizzo testimony- sworn in 2016, unsealed in 2019- places a trafficked 15-year-old Swedish girl in the Dubins’ kitchen in 2005. Maxwell brought her. The girl told the Dubins’ household manager she had just come from Epstein’s island, where her passport had been taken and she had been threatened. When Eva Dubin came back into the room, she told the girl she would be working for her. As a nanny. A month later, Rizzo saw the same girl on a flight to Sweden with the Dubin family.
Rizzo quit in October 2005. He said he and his wife “couldn’t deal with these incidents, particularly the last one.”
Virginia Giuffre has alleged that Epstein directed her to have sex with Glenn Dubin. Giuffre also stated that Epstein groomed Celina Dubin. A victim known as “Jane” testified at Maxwell’s trial that someone named “Eva” participated in group sex encounters with her when she was underage.
Every one of those allegations is denied, of course… and none have resulted in charges.
What is documented: Epstein described Celina, Eva’s daughter, his goddaughter. Also his “most favorite person in the whole world.” In 2014, he told associates he planned to marry her when the time came. His stated reason was financial: marrying her would let her inherit his island and fortune while bypassing inheritance taxes. Celina was 19 at the time. She’s now a dermatology resident at Mount Sinai. The same hospital where her mother founded the breast cancer center that Epstein helped finance.
A full piece on the Dubins is coming. This is a preview of the thread.
WHAT LAST PAGE FIRST IS WORKING ON
Where we are in the series.
Part 2 of the main series — the 1997 classified FBI file, case number EFTA01683603, SECRET//NOFORN, opened fifteen months after Maria Farmer filed her complaint and nine years before the FBI told the public it first became interested in Epstein — published this week.
Part 3 is on the infrastructure of protection: the townhouse, the power of attorney, the shell companies, the lawyers, and how one man was made untouchable. That piece is taking longer than I want because the financial architecture is dense and I am not going to simplify it into something wrong.
What I am mapping in parallel:
→ Richard Kahn as a standalone subject. Today’s deposition adds significantly to what is documentable. His company, his transactions, his role in the fake marriages, his inheritance, and the question no one has answered: why did the FBI never speak to him?
→ The Dubin network. Eva as social and financial connector. Glenn as the money. The Rizzo testimony. The Celina thread. The role of Mount Sinai as an institutional overlap point.
→ Darren Indyke — Kahn’s counterpart, scheduled for March 19. The lawyer who structured the entities, held power of attorney, and co-signed the will after death. $50 million inheritance. Never questioned.
Part 4 remains the death. Eight days between the will update and Epstein’s death in a federal facility. Guards asleep. Cameras malfunctioning. The two guards who fell asleep were offered a deferred prosecution deal and charged with falsifying prison records- not with anything related to Epstein’s death. Their cases were dismissed in 2021. No one has been held accountable for what happened in that cell.
I said in the last dispatch that the room is closing in, getting smaller. That’s still true. But smaller is not the same as closed. The people with the most to answer for are still speaking in prepared statements, invoking the Fifth, and pleading inability to recall.
Kahn said today he never saw a red flag.
He paid the women Epstein abused.
He built the accounts that hid the money.
He arranged the marriages that made it disappear.
He even impersonated Epstein to the bankers moving the funds.
And still… no red flags.
Because when the system is built to protect the powerful, the flags are never meant to be seen.
Last Page First is an independent investigative publication. Paid subscribers make the deep dives possible—FOIA templates, citation indexes, Document Room access, and subscriber discussion threads. If this piece reached you, share it. If you want to help keep it going, subscribe.
If you have documents, names, or anything relevant to an investigation, my inbox is open to everyone. Contact us here. Your name stays private unless you tell me otherwise.
PRIMARY SOURCES REFERENCED
→ Richard Kahn deposition — House Oversight Committee, March 11, 2026 (transcript pending public release)
→ NPR: DOJ posts more Epstein files related to Trump allegations, March 5, 2026
→ CBS News: Kahn tells Congress he didn’t know about abuse
→ ABC News / NPR / CNN: Kahn deposition coverage, March 11, 2026
→ Senate Finance Committee: Wyden letter to Bondi and Patel on Indyke and Kahn, December 2025
→ CNBC / WaPo: Senators seek GAO probe of DOJ Epstein file handling, March 11, 2026
→ Rinaldo Rizzo deposition, 2016 (unsealed 2019) — Daily Beast / Herald Net
→ Bloomberg: How Jeffrey Epstein Got Into Hedge Funds — The Dubin Connection, February 13, 2026
→ DOJ Epstein Files Library — justice.gov/epstein
→ Wikipedia: List of people named in the Epstein files (continuously updated)
It’s pretty sad no one asked about the ambulance purchased for the ranch.