When Vivek Ramaswamy ran for president, the Jeffrey Epstein files were one of his biggest applause lines. "Jeffrey Epstein didn't act alone," he said. In December 2023 he promised on X: "As president, I'll release the full Epstein client list without apology."
At the same time, a super PAC built to elect him was holding a $100,000 check from one of the men an Epstein accuser had named under oath. Federal records show it never gave that money back.
The donor
Glenn Dubin is a billionaire hedge fund manager. In a 2016 deposition, Virginia Giuffre — the best-known of Epstein's accusers — testified that Ghislaine Maxwell sent her to Dubin for sex, and that he was the first man she was sent to.
Dubin has denied Giuffre's account, and he has not been charged with a crime in connection with Epstein.
On March 30, 2023, Dubin gave $100,000 — paid through an LLC, DF Operations, and attributed to him in the filing — to American Exceptionalism PAC, a super PAC whose independent ad spending all went to supporting Ramaswamy's presidential campaign, according to Federal Election Commission records. Fox News reported that he also gave $6,600 directly to Ramaswamy's campaign.
Ramaswamy gave back one check, not the other
In January 2024, Fox News reported the donations. Ramaswamy said his campaign was "donating the money to causes to fight trafficking." But Fox noted what he didn't say: "It remains unclear if his super PAC intends to do the same."
It didn't. FEC records show the super PAC took in $8,872,226.96, spent all of it, reported $0 in refunds of any contribution, and shut down with nothing left.
And here is where its last dollars went. On December 20, 2024, as it was closing down, American Exceptionalism PAC sent $116,816.18 to a committee then called "Make America Greater." The FEC lists that committee today, under the same ID number, by its new name: V-PAC: Victors, Not Victims.
That's the super PAC boosting Ramaswamy's run for governor of Ohio — the one that mailed Ohioans a flyer putting words in Amy Acton's mouth that its own spokesman later admitted nobody said.
Money doesn't carry labels once it's in a bank account, so nobody can say which of the PAC's dollars were Dubin's. What the records do show is simple: the super PAC kept his $100,000, never refunded it, and passed what it had left to the committee that became the super PAC backing Ramaswamy's next campaign.
Super PACs are legally separate from the candidates they support. But this was no stranger's PAC: Fox News called it "Ramaswamy's American Exceptionalism PAC," and the money it had left followed him from one race to the next.
Then he went quiet
After Trump returned to the White House and Ramaswamy launched his campaign for governor with Trump's endorsement, WVXU's Howard Wilkinson wrote in September 2025 that "there's not been a peep out of Ramaswamy on the matter." His campaign staff didn't answer WVXU's requests for an interview. TiffinOhio reports he did not speak publicly about it again until November 2025, after Trump reversed his opposition to releasing more of the files and the House voted to require it.
That silence matches how Ramaswamy treats a lot of questions in this race. Cleveland.com says it took months of pressure just to get him to release a data center plan, and his campaign and his allies have been caught repeatedly making claims that don't hold up.
Ohio has its own Epstein connection, too. Les Wexner — the Columbus billionaire whose fortune Epstein managed for years — has given to Ohio politicians in both parties, and many of them gave his money away this year. We've covered how one of Ohio's Republican members of Congress handled Wexner's check.
What the filings show
The super PAC backing Vivek Ramaswamy's 2024 presidential campaign took $100,000 from Glenn Dubin, whom Epstein accuser Virginia Giuffre named under oath; Dubin denies her account and has not been charged in connection with Epstein. Ramaswamy's campaign gave away the money Dubin sent it directly, but FEC records show the super PAC refunded nothing, and on December 20, 2024 it sent its remaining $116,816 to the committee now called V-PAC, which is backing Ramaswamy for Ohio governor. Ramaswamy, who had promised to publish "the full Epstein client list," went quiet on the subject once he started running for governor, until Trump himself reversed course.
Sources
- Ramaswamy super PAC kept $100,000 from Epstein associate; running mate also took Wexner money — TiffinOhio.net (the lead for this story)
- American Exceptionalism PAC (C00833749) and V-PAC: Victors, Not Victims (C00892919) — Federal Election Commission
- Billionaire Jeffrey Epstein associate funneled large donations to Vivek Ramaswamy and several Dems — Fox News, January 5, 2024
- Vivek Ramaswamy and the Epstein files — WVXU, September 10, 2025
