Rudy Giuliani in Financial Turmoil: 'I'm Destroyed'

Written by Henrik Rothen

Dec.22 - 2023 11:29 AM CET

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Photo: Wikimedia Commons
Photo: Wikimedia Commons
Rudy Giuliani in Financial Turmoil After $148 Million Defamation Suit.

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Rudy Giuliani, the former lawyer of Donald Trump, has expressed distress over the financial implications of a jury-ordered payment. Giuliani was found to have defamed Georgia election workers Ruby Freeman and Wandrea "Shaye" Moss by repeatedly making false claims about them.

The ordered sum, amounting to $148 million, has reportedly left Giuliani in a precarious financial state.

During an appearance on Newsmax's "Rob Schmitt Tonight," Giuliani, who once boasted of his wealth, admitted that the hefty sum would financially ruin him.

"If you take away that judgment, I'm actually a pretty fortunate guy," he said. "I got a decent amount of money. I'm not bankrupt but with $148 million, I'm destroyed."

The breakdown of the payment includes $20 million each for the intentional infliction of emotional distress, damages of between $16 and $17 million each, and a further $75 million in punitive damages.

Following this, Giuliani has filed for bankruptcy, stating the need to protect himself and his creditors. His bankruptcy filing lists assets between $1 million and $10 million and liabilities ranging from $100 million to $500 million, including $989,918 owed in taxes.

U.S. District Judge Beryl Howell has ordered the payment process to begin immediately, bypassing the usual 30-day waiting period due to concerns that Giuliani might dissipate or conceal his assets.

The list of creditors in Giuliani's bankruptcy filing intriguingly includes President Joe Biden's son, Hunter Biden, though the specifics of this inclusion remain unclear.

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