Rudy Giuliani, former New York City mayor and lawyer for Donald Trump, now faces the court-ordered liquidation of his assets following a defamation case brought by Georgia election workers.
At a Glance
- Rudy Giuliani ordered to transfer several assets, including a New York apartment, to Ruby Freeman and Shaye Moss.
- The assets include a Mercedes-Benz, luxury watches, and cash.
- Giuliani has a week to comply with the court’s order; assets may be sold immediately.
- A jury awarded $146 million against Giuliani for defamation.
Giuliani’s Assets Turned Over
A federal judge has mandated Rudy Giuliani to surrender a significant portion of his assets to two Georgia election workers, Ruby Freeman and Shaye Moss, following a defamation case finding. U.S. District Judge Lewis Liman appointed the plaintiffs as receivers, giving them authority over Giuliani’s New York apartment, a Mercedes-Benz, luxury watches, and some cash.
Giuliani has just seven days to comply with the ruling, during which time Freeman and Moss can proceed to liquidate these assets. This enforcement action stems from a defamation judgment wherein Giuliani was ordered to pay $146 million after a jury found him guilty of making false claims regarding election fraud.
Complex Legal Proceedings
The judge allowed Freeman and Moss to pursue Giuliani’s claims against Donald Trump for unpaid legal fees. However, Giuliani has requested that any litigation against Trump be postponed until after the upcoming election. Additionally, Giuliani seeks to declare his Palm Beach condo as his homestead, preventing its seizure. Despite declaring only $10.6 million in assets, Freeman and Moss are unlikely to recover the full judgment amount.
“In the absence of a turnover order to a receiver, Plaintiffs would bear the unacceptable risk of delay and Defendant’s insolvency,” Liman wrote in his ruling.
“The Court finds no good cause to impose additional limits on the time or manner of the liquidation or prosecution of any other item or interest on the list.”
Giuliani’s bankruptcy filing, intended to freeze the judgment, was dismissed by a judge due to alleged transparency issues. His assets list, including an older model Mercedes-Benz, television, furniture items, signed photos, 26 watches, and unprotected cash, was disclosed as part of the proceedings. Some watches hold historical value reportedly as gifts from foreign dignitaries post-9/11.
Upcoming Legal Developments
The status of three Yankees World Series rings, claimed by Giuliani’s son, remains undecided; Judge Liman postponed the decision on these items. A hearing regarding the rings is scheduled for October 28, and a bench trial addressing the status of the Palm Beach condo has been set for January 16, 2025.
The receivership and the forthcoming hearings emphasize the ongoing complexities of the litigation process. With the severe financial implications of the defamation case evident, further legal steps illuminate Giuliani’s financial and reputational challenges post-trial.
This is just sickening.