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Tom Girardi is an American lawyer who has an online worth of $100 thousand. Tom Girardi might be best acknowledged for being the earlier husband of "Real Housewives" stable member Erika Jayne. They have been married from 1999 to 2020. In 2015, Tom estimated his net worth to be spherical $264 million. In a 2020 courtroom case, Tom testified that he had in some unspecified time sooner or later not too way back been worth $50-$80 million nevertheless by that point had no more money. It's tough and we'll do our best to elucidate the whole thing in a while this text. In January 2023 Tom was indicted by grand juries in every Los Angeles and Chicago for allegedly stealing $18 million from consumers, along with $3 million that was put apart for victims of a 2018 Lon Air plan crash.
Before actuality fame, Tom was acknowledged for being a highly-successful shopper lawyer in California. Over quite a lot of a very long time of licensed circumstances, Tom obtained billions of {{dollars}} in judgments for his consumers. His company, Girardi & Keese, pioneered the comply with of taking predominant circumstances on contingency – the place consumers paid no money up entrance – and in return would maintain 25-40% of the final word judgements portions. These cuts made Tom terribly wealthy.
Tom Girardi was born in June 1939. Girardi graduated from Loyola Marymount University, Loyola Law School, and New York University.
In 1970 Girardi was the first lawyer to win better than a $1 million award for a medical malpractice case inside the state of California. He took on circumstances in direction of firms resembling Lockheed Corp, Los Angeles County Metropolitan Transportation Authority, and Pacific Gas & Electric Co. Girardi moreover took on the seven predominant movie studios in Hollywood. His well-known case in direction of Pacific Gas & Electric was the inspiration for the movie Erin Brockovich, and awarded $333 million to 650 residents in Hinkley, CA.
In 1999 Tom married actress Erika Chahoy. At the time she was in her late 20s, he was in his 60s. It was his second marriage and he was actually nonetheless inside the midst of a heated wrestle with partner #1 over their belongings. When they met, she was working as a waitress at a restaurant in Beverly Hills known as Chasen's that Tom co-owned.
Decades later Erika Jayne turned well-known after being featured on the actual fact TV sequence "The Real Housewives of Beverly Hills". She began exhibiting on the current in 2015.
Tom and Erika launched their separation in November 2020 after 21 years of marriage.
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As Erika was altering into actuality well-known, Tom was reportedly working to protected loans to his regulation company. According to a report inside the LA Times, in a single mortgage utility all through this period Giraldi estimated his net worth to be $264 million. The submitting listed possession in two personal planes, $9 million worth of bijou, $3 million worth of antiques and an property in Pasadena worth north of $10 million. He "conservatively" estimated that his firms 2016 licensed expenses would excessive $110 million.
In May 2021, Tom and Erika listed the Pasadena mansion for $13 million. They lastly offloaded this mansion in October 2022 for $7.5 million. Here's a video tour:
One of his collectors, Law Finance Group, reportedly grew concerned later when it examined Giraldi's books and observed tens of tens of millions of {{dollars}} being transferred to an entity known as EJ Global LLC – Erika's leisure firm. The full amount transferred reportedly topped $20 million.
The creditor sued for compensation, claiming that their funds have been being spent on Tom and Erika's lifestyle. Tom known as the claims "fraud". They in the end settled.
Other collectors acquired right here forward along with a security agency assigned to protect their Pasadena residence that demanded $53,000, and Tom's first partner who claimed her $10,000 month-to-month alimony funds had ceased.
One of Girardi's consumers – an individual who suffered burns in a 2010 PG&E pipeline explosion – acquired right here forward to say that he had not obtained tens of tens of millions owed to him negotiated as a settlement. In January 2020 Girardi agreed to pay the particular person $12 million nevertheless allegedly stopped funds after solely $1 million. The family sued, inserting a lean on roughly $23 million worth of Girardi and Jayne's belongings.
In December 2020 Tom and his regulation company have been compelled into involuntary Chapter 7 chapter. His collectors included his two former regulation companions, who claimed they've been owed $750,000 and $1.5 million, respectively. A month earlier, a federal lawsuit accused Tom of embezzling "tens of tens of millions" of {{dollars}} owed to consumers.
According to the Los Angeles Times, all through testimony given in late 2020 Tom revealed that:
"At one stage, I had about $80 million or $50 million in cash. That's all gone. I have not acquired any money."
Upon examination, Tom reported that his stock portfolio which at one time was worth $50 million, was now worth just some thousand {{dollars}}.
According to courtroom testimony a yr earlier, a creditor claimed that Girardi transferred $20 million to Erika's leisure firm. Plaintiffs inside the chapter case claimed Tom and Erika's divorce was a "sham", and that she is also sitting on that $20 million. Additional collectors reportedly acquired right here forward with associated claims of settlement money not being despatched by Girardi.
According to a licensed demand despatched to Erika's authorized professionals in August 2021, authorized professionals overseeing the Girardi Keese chapter claimed that between 2008 and 2020 Erika spent $25 million to pay for assistants, a full-time glamor workforce, PR firms and a dance firm. As reported by the New York Post, the letter claimed that Erika allegedly spent $14.25 million on her Amex card alone. The trustees demanded Erika repay $28 million when curiosity and penalties have been included. Responding to the claims, which have been reported by the New York Post, Erika's authorized professionals claimed that she "under no circumstances had and would not have non-public obligation for any money owed or obligations of EJ Global LLC, interval… [and that] not one of many funds and no money the least bit went to Erika. On behalf of Erika we're going to search acceptable remedies in direction of all accountable occasions for claims resembling these."
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