Rudy Giuliani faces severe financial losses as a federal judge orders the surrender of his assets following a massive defamation ruling.
At a Glance
- Giuliani ordered to turn over assets to Ruby Freeman and Shaye Moss after losing a defamation case.
- His assets, worth $10.6 million, fall far short of the $146 million judgment.
- Contention surrounds his Palm Beach condo; further legal actions are anticipated.
- Federal Judge Lewis Liman directed Giuliani to relinquish luxury possessions.
Giuliani’s Asset Surrender
Federal Judge Lewis Liman has mandated that Rudy Giuliani, former New York City mayor, turn over significant properties to election workers Ruby Freeman and Shaye Moss. This decision follows a defamation lawsuit where Giuliani falsely alleged election misconduct by these individuals. The judgment requires Giuliani to relinquish substantial assets, including his Manhattan apartment, several luxury items, and vehicles—far more than his self-reported net worth of $10.6 million.
The court-appointed Freeman and Moss as recipients of Giuliani’s possessions, including his Mercedes-Benz, various luxury watches, and available cash. Giuliani has been given a mere seven days to comply and deliver these assets for immediate sale. The legal case showcases the extensive consequences Giuliani faces, both financially and reputationally.
👀 Ruby Freeman and Shaye Moss are asking a federal court to give them control of Rudy Giuliani’s assets to fulfill the $146 million defamation judgment against him. https://t.co/cVceoSbNcG pic.twitter.com/VHyDFUsLb4
— Kyle Cheney (@kyledcheney) August 30, 2024
Contentious Legal and Financial Challenges
Giuliani’s financial woes escalate as Freeman and Moss hold the authority to pursue unpaid legal fees from former President Trump, intensifying the legal entanglements. Though Giuliani contests any move to sue Trump until post-election, he is struggling to maintain total control over his Palm Beach condo by arguing it as his primary residence. Despite his bankruptcy attempts, a judge dismissed the filing for lacking transparency, obliging Giuliani to liquidate remaining assets.
“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.” – U.S. District Judge Lewis Liman
Giuliani disclosed his financial worth at a fraction of the judgment’s $146 million sum. As of now, Freeman and Moss stand to recover only a small segment of the awarded compensation. Besides his main residence and vehicle, Giuliani must yield personal collector items, like watches—some reportedly gifts post-9/11—from foreign officials. These included personal heirlooms are part of a contentious discussion as court proceedings determine his financial futures.
BREAKING: Former Georgia election workers seek control of Rudy Giuliani's assets to fulfill $146M defamation judgment. pic.twitter.com/5OEVqG7Fq1
— MSNBC (@MSNBC) August 30, 2024
Upcoming Legal Hearing
Further proceedings will address Giuliani’s contention with some significant possessions, such as three Yankees World Series rings claimed by his son, Andrew Giuliani. A hearing on October 28 aims to deliberate these items’ fates, while discussions regarding the Palm Beach condo bench trial are set for early 2025. The legal debates emphasize the intricate web of containment Giuliani navigates in responding to the expansive judgment.
Upholding justice in this defamation case affirms the courts’ role in ensuring accountability. The outcome reasserts the critical balance between free speech and defamation repercussion, from which Giuliani faces inescapable financial implications.
Sources
1. Judge orders Giuliani to hand over assets to Georgia election workers
2. Judge orders Giuliani to hand over assets to Georgia election workers