Larry Summers Steps Down After Epstein Scandal: 'I Am Deeply Ashamed'
Ex-Harvard President Quits Public Roles Over Epstein Ties

In a significant development that has rocked academic and political circles, former Harvard University President and US Treasury Secretary Larry Summers has announced his decision to step back from all public commitments. This move comes following the shocking revelation of his extensive correspondence with convicted sex offender Jeffrey Epstein, which continued as recently as July 2019.

The Fall from Grace

Lawrence H. Summers, who currently serves as a University Professor at Harvard, made the announcement on Monday through a public statement filled with remorse and self-reflection. While he will maintain his teaching responsibilities at the prestigious institution, Summers declared he is withdrawing from all public-facing roles as part of what he described as "my broader effort to rebuild trust and repair relationships with the people closest to me."

The prominent economist didn't mince words when expressing his regret over the entire episode. "I am deeply ashamed of my actions and recognize the pain they have caused," Summers stated in his media address. He went further to accept complete responsibility for what he called his "misguided decision to continue communicating with Mr. Epstein."

Documentary Evidence and Timeline

The correspondence that triggered this crisis became public knowledge when US lawmakers from the House Committee on Oversight and Government Reform released a massive trove of documents from Epstein's estate last week. The disclosure included over 20,000 documents that painted a detailed picture of Epstein's network and communications.

Most damningly, the documents revealed that Summers and Epstein exchanged messages until July 5, 2019 - just one day before federal authorities arrested Epstein on new sex-trafficking charges. The timing raised serious questions about judgment and awareness. Epstein would later die by suicide in prison in August 2019, while awaiting trial.

The content of their exchanges included discussions on various topics, including conversations about then-President Donald Trump, indicating the breadth of their communication beyond casual acquaintance.

Academic and Political Repercussions

The fallout from the disclosure has been immediate and severe. Democratic Senator Elizabeth Warren, who previously taught at Harvard Law School, publicly called for the university to "cut ties with Summers." Warren argued that given his sustained relationship with Epstein, Summers could no longer be trusted with students.

Despite the growing pressure, Summers confirmed he will retain his primary academic positions at Harvard. He holds the institution's highest faculty distinction as a University Professor and serves as director of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. Both roles will continue unaffected by his withdrawal from public life.

The scandal represents a dramatic fall from grace for one of America's most prominent economists and academic leaders. Summers served as Harvard President from 2001 to 2006 and as US Treasury Secretary under President Bill Clinton from 1999 to 2001. His decision to step back from public commitments marks a significant moment in the ongoing reckoning with Epstein's extensive network of influential contacts.