Sen. Ron Wyden, D-Oregon, speaks to reporters following a weekly Democratic policy luncheon at the U.S. Capitol on April 8, 2025 in Washington, DC. (Photo by Andrew Harnik/Getty Images)
For several hours on Valentine’s Day in 2024, staff from Oregon U.S. Sen. Ron Wyden’s office and the Senate Finance Committee sat in a room in the U.S. Treasury Department reviewing, thousands of suspicious financial transactions made by deceased and disgraced financier and sex offender Jeffrey Epstein.
The transactions totaled more than $1 billion and included payments to women from eastern European countries where many of Epstein’s alleged victims are from. Along with Wyden’s team, staff from the offices of Republican Sens. Mike Crapo of Idaho and Marsha Blackburn of Tennessee reviewed the documents, according to Wyden. Spokespersons for Crapo and Blackburn did not respond to requests for comment from the Capital Chronicle.
Treasury officials did not allow the staffers to make copies of the documents, only to take handwritten notes.
“And because you can’t take that stuff out of the room I asked, particularly, if the Republicans would be willing to join me in a subpoena that would get the rest of the information that was crucial, and they wouldn’t do that,” Wyden said. “And that was during the Biden years.”
Suspecting that there was and is far more financial information regarding Epstein in the treasury’s possession than they were shown, Wyden is introducing a bill that would force current U.S. Treasury Secretary Scott Bessent to use his legal authority to turn over everything.
On Sept. 10, he introduced the Produce Epstein Treasury Records Act to compel Bessent to turn over all Epstein-related treasury records to Senate investigators. Wyden has asked Bessent twice, in March and June, to provide the files to the Senate Finance Committee to no avail. He has been unable to get the majority vote needed for the committee to issue a subpoena for the files, Wyden policy director Keith Chu said in an email.
The bill is the latest in a now three-year investigation Wyden and his staff have undertaken to understand Epstein’s sex trafficking network through his financial transactions with some of the world’s largest banks and powerful men.
“I’ve long felt that my biggest opportunities have been when I followed the money,” Wyden said.
An unnamed spokesperson for the U.S. Treasury it’s complying with the House Oversight Committee’s request earlier this month to receive some of the suspicious activity reports.
‘It’s about the truth’
The reports are confidential and held by the treasury department’s Financial Crimes Enforcement Network called FinCEN. Although banks are supposed to report the activity in real time, the largest bank working with Epstein, JPMorgan, did not provide the reports to treasury until late 2019, after Epstein was arrested and charged with sex trafficking and died by suicide in a New York jail cell.
Wyden said the transactions show at the very least that the banks and the Internal Revenue Service were “asleep at the switch.”
“I want to find out what in hell kept these agencies from doing some audits,” he said.
Wyden first started looking into Epstein’s finances in 2022, connecting them to billionaire Leon Black, the co-founder of private equity firm Apollo Global Management. In 2023 and 2024, Wyden said he pushed “very, very hard to get the Biden people to do more,” and that then-Treasury Secretary Janet Yellen’s agency felt that they were providing him and Senate Finance members with more transparency when they allowed staff to see the suspicious activity reports, even if just for several hours.
“The reason that we got to do it is that we accepted their limits. You had to come in. You got it for a relatively short period of time, there were restrictions. That was kind of real pick and shovel stuff, getting what we got,” he said.
Calls for more transparency from the treasury and the Department of Justice following its investigation into Epstein have come from people across the political spectrum. Kentucky Republican U.S. Rep. Thomas Massie said Wednesday that he will soon have the 218 signatures needed to force a vote in the House vote on releasing federal investigative files on Epstein.
Wyden said it’s become a major concern to many of his constituents in Oregon.
“Oregonians come up to me at the checkout line at Fred Meyer, when I’m walking on the street, basically saying: ‘keep it up,’” he said. “They know that I’ve been asking Trump people, that I’m asking Pam Bondi repeatedly, and people want answers,” he said.
U.S. Attorney General Pam Bondi in July said the Justice Department had wrapped its investigation into Epstein and found no evidence of a so-called client list, but has selectively released investigative files that were largely already public.
“I’m going to stay at it until the truth comes out. This has nothing to do with red and blue. It’s about the truth,” Wyden said. “There were huge sums of money — billions of dollars — moving around. So I want to make sure all the financial underpinnings come out.”
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