Rudy Giuliani bankruptcy shows Trump ally drowning in debt
Rudy Giuliani’s bankruptcy filing, spurred by a multimillion-dollar verdict against him for defaming two Georgia election workers, has provided fresh insight into the former New York City mayor’s finances.
A federal jury in Washington, D.C. in December ordered Giuliani to pay Ruby Freeman and Shaye Moss a whopping $148 million for baselessly claiming they engaged in widespread voter fraud after the 2020 election. Days later, he filed for bankruptcy, acknowledging the severe strain the penalty put on his finances.
His bankruptcy judge late Tuesday allowed the longtime ally of former President Trump to appeal the defamation verdict but in the meantime, his bankruptcy proceeding has cracked Giuliani’s finances wide open, shedding light on his debts and overall standing.
That standing includes thousands of dollars in taxes and credit card debt and millions more he could owe to voting technology companies Dominion Voting Systems and Smartmatic if he’s found to have defamed them, too.
I'm convinced that trump considers nobody an ally, just people he can dupe or bully for what he sees as advantage.
If you listen to some people, they have "friends" that are simply business partners or people with whom they can get things done with or have done things with. But nothing about mutual friendship over something truly meaningful. It's just business.
Totally agree. His entire world view is based on reducing everything to a zero sum win/lose proposition.
Currently owes:
over $900,000 in [mostly federal] taxes
Almost $40,000 to two golf clubs [including Mar-a-Lago]
$1,360,000 to his longtime lawyer
$387,000 to the law firm he got after the FBI raided his apartment
$148,000,000 to the Georgia election workers he defamed
May end up owing:
The "What's up, scumbag?" guy is suing for $2,000,000
Lawsuit from Dominion Voting
Lawsuit from Smartmatic voting
Lawsuit from Hunter Biden
Lawsuit from a woman who has accused Giuliani of sexual assault and harassment
lol
Almost two million dollars in unpaid lawyer debt and he still finds people to represent him?
So now what? Eli5: is he actually gonna suffer consequences for being a galactic asshole, or does the bankruptcy filing just kick it down the road again?
Depends on the judge and what they approve as far as the restructuring is concerned. Eventually though they are just trying to get blood from a stone.
I do find it fitting that the Trump campaign and the RNC have apparently stiffed him. Very on brand for anything involving Trump.
It will be interesting to see what happens if Trump loses the election too. Giuliani is probably not making too much of a fuss with Trump because he's probably hoping that if trump is president he will help him out. I'd Trump loses, well Giuliani may try to get even
Rudy is claiming in his bankruptcy case that RNC+Trump owes him for unpaid legal bills. I am guessing he'll sue.
https://www.allthingsfinance.net/rudy-giuliani-claims-trump-campaign-and-rnc-owe-him-2-million-each/
The first rule of serving trump is: Everyone gets shit on. All people who support or serve trump will get shit on, by him, commensurate with how public they are about it. It is an iron law. None shall pass.
OhNoAnyway.jpg
The residuals from Borat aren’t keeping him afloat?
Remember at the 2016 RNC when he chugged a case of red bull and came out screaming like an unhinged lunatic? People were all “Damn, Rudy what the fuck” and then he consistently doubled down on all of trumps crimes and helped him commit even more?
Cautionary tale folks. If you do something that people laud you for, remember to STFU. Oh, and also, don’t be an alcoholic.
Don't forget he tried to bang borats daughter too
Capone.
Omigosh just like his bestie, that's cute.
These guys are part of a culture of money. They'll always have easy access to money and no matter how much they lose or owe they'll never wind up in poverty.
Thoughts and praye....nope not even that.
Fuck you Rudy.
This is the best summary I could come up with:
Rudy Giuliani’s bankruptcy filing, spurred by a multimillion-dollar verdict against him for defaming two Georgia election workers, has provided fresh insight into the former New York City mayor’s finances.
A federal jury in Washington, D.C. in December ordered Giuliani to pay Ruby Freeman and Shaye Moss a whopping $148 million for baselessly claiming they engaged in widespread voter fraud after the 2020 election.
On top of all that, several lawsuits seek “unknown” claims, including from Dominion, Smartmatic, Hunter Biden, the president’s son and Noelle Dunphy, who accused Giuliani of sexual assault and harassment.
The money is owed by both the campaign and the Republican National Committee (RNC), not the former president himself, Giuliani told creditors and the Justice Department’s bankruptcy oversight arm during a Feb. 7 hearing, according to Bloomberg Law.
As Giuliani appeared to face a cash crunch even before his bankruptcy, questions had swirled as to how the former New York City mayor was paying attorney Joseph Sibley to represent him in the Georgia election workers’ defamation case and another lawsuit.
“[I]t is the height of irony that the first substantive relief sought by Mr. Giuliani in his chapter 11 case—to be heard on an expedited basis no less—is a motion to lift the automatic stay so that he can pursue an appeal in the Freeman Litigation,” the election workers’ attorneys wrote in their objection.
The original article contains 1,207 words, the summary contains 227 words. Saved 81%. I'm a bot and I'm open source!
When will he succumb?
I don’t believe this for one second. These guys are masters at moving money around making it look like they’re broke, while they have millions hidden away.
And let’s say for the sake of argument that he is drowning in debt. What a shame, that there would be consequences for his actions.
I generally agree, but Ghouliani in particular strikes me as the kind of desperate idiot that would spend it faster than it’s coming in, leveraging further and further, convinced he’s gonna reach escape velocity into billionaire space.
Edit: Both can be true though.
He's going to be found in his office chair with a bullet hole to the temple and a bunch of holes in the wall from flinching before gettin 'er dun.
I don't normally celebrate other's disfortune. But this isn't fortune, this is consequence.