Rudy Giuliani spent half of his bank account on personal expenses despite pressure from creditors – Washington Examiner
Former New York City Mayor Rudy Giuliani has reportedly spent half of his bank account on personal expenses, despite facing millions in debt from creditors. Giuliani was ordered to pay $148 million to two Georgia election workers as part of a defamation settlement, leading him to file for Chapter 11 bankruptcy in December. However, creditors claim that he is not taking his financial situation seriously. During federal court proceedings, it was revealed that Giuliani had spent $60,000 in one week on expenses related to his New York and Florida condos, as well as travel expenses. The judge overseeing the case expressed frustration with Giuliani’s lack of cooperation and warned that “bad things” could happen if he continued on his current path.
Rudy Giuliani expended half of bank account for personal expenses despite hounding by creditors
Former New York City Mayor Rudy Giuliani blew through half of his bank account for personal expenses despite creditors pursuing him over millions in debt.
Giuliani was ruled to pay $148 million to two Georgia election workers as part of a defamation settlement, resulting in him filing for Chapter 11 bankruptcy in December. Despite his bankruptcy, however, creditors say he doesn’t appear to be taking his situation seriously. Rachel Strickland, the lawyer for the two election workers, warned on Wednesday that the former mayor is “up to Giuliani shenanigans yet again.”
On Wednesday, federal court proceedings in White Plains, New York, reported by CNN, revealed Giuliani had blown through half of $60,000 in his personal bank account in one week. The money expended includes a $14,000 check for his New York condo, a $25,000 check related to his Florida condo, smaller charges for Amazon and Apple, and travel expenses related to his trip to Milwaukee to attend the Republican National Convention.
The personal finance expenses were revealed as part of proceedings related to Giuliani’s owing $350,000 to a forensic accountant hired to trace his assets during the bankruptcy.
Judge Sean Lane of the Southern District of New York, who followed up to ensure the total was paid, grew openly frustrated with Giuliani’s lack of cooperation, threatening his lawyers that “bad things” could follow if he kept on his current course.
“If your client persists in this course of action, there are a lot of bad things that can happen,” he said. “There are a lot of things your client doesn’t want to happen that will happen. None of this is a surprise.”
“This isn’t complicated, nor is it unexpected, nor is it unusual. I’m really at a loss. I strongly, strongly urge you and your client to sit down and figure out what you really want the endgame to look like,” Lane added.
Despite the threats, Giuliani has remained defiant. On Tuesday, he told CNN’s Kaitlan Collins that he has “no regrets” and compared his situation to that of Japanese Americans put in internment camps during World War II.
Giuliani’s situation has grown increasingly dire this year, with his financial troubles multiplying. In May, one of his last major sources of income, a radio show on WABC, was removed from the air after he persisted in questioning the 2020 election. The order came from Republican billionaire John Catsimatidis, who owns the station. Catsimatidis told the New York Times that he had warned Giuliani twice already and was left with no choice.
Giuliani’s bankruptcy protection expired on Friday, allowing the two Georgia election workers the ability to pursue his $10 million net worth.
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