Staff Reports
Former New York City Mayor Rudy Giuliani has faced a massive downfall, filing for bankruptcy after being hit with a staggering $148 million civil court ruling and a colossal pile of unpaid legal bills. Bloomberg News reported that Giuliani, once celebrated as “America’s Mayor,” revealed debts reaching up to a mind-boggling $500 million, while having assets of a mere $10 million.
The financial crisis was triggered by a jury’s decision to order Giuliani to pay an exorbitant settlement to two Georgia election workers, Ruby Freeman and Shay Moss, for defaming them with baseless accusations of voter fraud during the 2020 election in Fulton County. These fake claims not only tarnished the reputations of these innocent individuals but also led to this catastrophic ruling against Giuliani.
Rudy Giuliani files for bankruptcy in NY, owes up to $500M after devastating $148M loss in election fraud case https://t.co/mLRFrGVgXB via @nypost
— Jeff Robinson, CEO and Chairman of M2bio 🌿🍄$MRES (@contrariansmind) December 22, 2023
As a prominent advocate for former President Donald Trump, Giuliani remained unapologetic in the face of the verdict, insisting that he had no regrets and dismissing the awarded amount as absurd. His lawyer, Joe Sibley, went so far as to liken the ruling to a civil death penalty, predicting that it could spell the end for Giuliani if his appeals were unsuccessful.
This situation is still in flux, and conservative constituents are eagerly following the developments, anticipating further twists and turns in Giuliani’s unprecedented financial plight.
