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As Rudolph Giuliani approaches a financial crisis with a slew of bills, the former president largely disagrees with his decision, despite vague promises of repayment.
crossMaggie HabermanIBen Proteus
Running out of money, Rudolph W. Giuliani wanted to bill a longtime non-paying customer: former President Donald J. Trump.
To recover the millions of dollars he believes he is owed for his efforts to keep Trump in power, Giuliani first listened to his lawyers, who lobbied anyone in Trump circles who would listen.
When these efforts failed, Giuliani and his lawyers proposed to the former president during a two-hour dinner in April at his Mar-a-Lago estate and a private gathering at his West Palm Beach golf club.
While those requests were also wildly successful, Giuliani's son Andrew, who has an independent relationship with the former president, visited Trump at his New Jersey club earlier this month and, according to people familiar with the meeting, wanted to pay. . huge legal bills.
This seems to help. Giuliani's son asked Trump to attend two bill-fundraisers, to which the former president agreed, people say.
Still, for much of the year, as Giuliani's efforts to keep Trump in office after the 2020 election resulted in a series of criminal investigations, private lawsuits and disciplinary proceedings, his team racked up scores. According to several people close to him, he repeatedly turned to the former president for help. Although the bills brought Giuliani close to financial collapse, the former president largely disagreed with them, despite vague promises made at a dinner at Mar-a-Lago that he would repay the money, according to people familiar with the bill. The issue.
Pan Giuliani, 79 dorsals,accused of a crimeTrump, who joined Trump this week in the Georgia election cabal, now faces legal bills that a person familiar with his finances says total nearly $3 million. And that's before considering any payments he may owe former New York City Mayor Giuliani for his work for Trump after Election Day.
Trump's political action committee has earmarked approximately $21 million for this purpose.legal feesPrimarily to Trump, but also to some people associated with his investigation, only $340,000 has been paid for Giuliani so far, and that payment took place in late May.
A Trump spokesman did not respond to a request for comment, nor did a Giuliani spokesperson.
According to people close to him, Giuliani, whose law license was revoked because of the annulment of the election, has few sources of income.
According to a person familiar with the matter, he makes around $400,000 a year from his WABC radio show. According to another person familiar with the matter, he also makes money from the podcasts he hosts and live streams. People close to him said that these three cash flows were clearly not enough to pay off his debts. Friends created a legal defense fund to raise $5 million for him in 2021 after the website shut down.Less than $10,000 raised。
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In the past, he has failed to pay legal fees to his associates in cases involving Trump, especially his former attorney and handyman Michael D. Cohen, who became a leading opponent in the case and on Star Witness, meddling So in a dangerous situation. Him. However, people close to Trump and Giuliani believe the former mayor would never meaningfully cooperate with investigators looking into the former president. (Giuliani said neither he nor his former client had done anything wrong.)
People close to Giuliani are confused, worried and frustrated that the former mayor, who encouraged Trump to declare victory before all the votes were counted on election night, received little financial help.
Bernard B. Kerik, a former New York police chief during the Giuliani administration who worked with the former mayor to uncover evidence of the fraud, remains a Trump supporter and has blamed people close to the former president. Crick was pardoned by Trump after pleading guilty to tax evasion and lying to White House officials when President George W. Bush named him homeland security secretary.
"I know there are a lot of people around the president who despise Giuliani even before the election and even more so after the election because of their loyalty to the president and their relationship," Creek said. "It was a bone of contention for a lot of people, and personally I don't think they served the president well."
Crick added: "Where is everyone? Where is the event taking place?
But while Creek and others blamed Trump's inner circle for the non-payment, the decision was always in the hands of the former president, as several people familiar with the matter have pointed out.
Trump has never explicitly told Giuliani why he is effectively toughing him up, but the former president has pointed to his lost electoral causes. This is in line with what Trump told his aides shortly after Election Day when Giuliani adviser Maria Ryan said:I asked the campaign to pay $20,000 a day in an email.Pay for the work of the former mayor.
People close to the former mayor argue that he is involved not only in litigation, but also in investigations and efforts to prevent the state legislature from proving the wrong results that Giuliani insists on. Trump, however, told his aides that he did not want Giuliani to receive "not one penny" if he failed. Eventually, some of Giuliani's fee was paid, but only if Trump personally approved the money.
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Attempts to collect legal fees from Trump began more than two years ago. Giuliani's lead attorney, Robert J. Costello, began calling people close to Trump, alleging that the former president had suffered legal bills because of Giuliani's work for Trump. Costello has contacted at least six attorneys close to Trump, most of whom appear sympathetic to Giuliani's plight, according to people familiar with the matter.
In the spring, Giuliani contacted Trump directly and requested a meeting, the sources say. Trump agreed and they met at Trump's West Palm Beach golf club in late April.
A person familiar with the matter said the meeting was pleasant and lasted more than an hour. However, Trump, who was accompanied to Florida by a lawyer, was not involved.
However, he agreed to meet them again two days later at his private club Mar-a-Lago.The meeting was previously reported by CNN.. During the nearly two-hour dinner, Costello insisted that Trump pay not only Giuliani's legal bills, but also his work for Trump after the 2020 election.
Trump refused, pointing out that Giuliani had not won any of these cases. Costello, who was the majority of Giuliani's speakers, said the money did not come from Trump's own pocket, but from the coffers of his political action committee. At the end of the dinner, Trump agreed to pay Giuliani, a person familiar with the matter said. However, in the weeks that followed, neither he nor PAC followed through on his promises. Giuliani was growing desperate.
A federal judge was outraged that Giuliani was unable to recover files from a defamation lawsuit.Two poll workers in GeorgiaHe sued him for falsely accusing them of stealing votes. Giuliani claimed that he could not afford to pay vendors for it.
Costello pleaded with Trump advisers to settle the balance between Giuliani and the PAC supplier paid $340,000.
However, PAC has not paid any other bills from Mr. Giuliani since then.
It was a remarkable turn of fortune for Giuliani, who was at one point worth tens of millions of dollars, earned in part from contracts signed after leaving the New York City Council, and was known for his performances in the aftermath of the September disaster. January 11, 2001 "America's Mayor" attack.
He left the law firm to represent then-President Trump in special counsel Robert S. Mueller III's investigation into Trump's campaign collusion with Russian officials during the 2016 election.
Since then, Giuliani has campaigned to find damaging information about Joseph R. Biden Jr. in the Ukraine, where Biden's son has business connections, leading toTrump's first impeachment trial。
As part of the FBI investigation into Mr. Giuliani's work in Ukrainesearched his apartmentMay 2021 on the Upper East Side of Manhattan. this apartment is nowIt sells for 6.5 million dollars.。
Maggie Habermanis a seasoned political journalist and author of The Confident Man: The Rise of Donald Trump and the Collapse of America. He was part of the team that won the 2018 Pulitzer Prize for reporting on advisers to President Trump and his ties to Russia. More about Maggie Haberman
Ben Proteusis an investigative reporter covering the federal government, law enforcement, and various criminal investigations of former President Trump and his allies. More about Ben Proteus
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FAQs
Giuliani has repeatedly sought financial help from Trump? ›
As Rudolph Giuliani has neared a financial breaking point with a pile of legal bills, the former president has largely demurred, despite making a vague promise to pay up.
How much are Giuliani legal bills? ›New York law firm Davidoff Hutcher & Citron said Giuliani has paid only $214,000 of nearly $1.6 million in legal expenses and fees he racked up between November 2019 and July 2023, according to a complaint filed on Monday in New York state court.
What was Mayor Giuliani accused of? ›Incredibly, Giuliani has now been accused of engaging in sexual misconduct and conspiring to steal the 2020 election simultaneously.
How did Giuliani make his money? ›In 2002, Giuliani founded a security consulting business, Giuliani Partners, and acquired, but later sold, an investment banking firm, Giuliani Capital Advisors. In 2005, he joined a law firm, renamed Bracewell & Giuliani.
Why did Giuliani lose in 2008? ›Political observers predicted that Giuliani would lose support, and he was criticized for a lack of substantive policy stances. Eschewing the common strategy of focusing on early-voting states such as Iowa and New Hampshire, Giuliani focused instead on larger states.
What did Cassidy Hutchinson claim? ›Ex-Trump aide Cassidy Hutchinson claims Rudy Giuliani groped her on January 6. Cassidy Hutchinson, the former Trump aide turned crucial January 6 witness, says in a new book she was groped by Rudy Giuliani, who was “like a wolf closing in on its prey”, on the day of the attack on the Capitol.
Who was commissioner under Giuliani? ›| Bernard Kerik | |
|---|---|
| Appointed by | Rudy Giuliani |
| Preceded by | Howard Safir |
| Succeeded by | Raymond Kelly |
| Commissioner of the New York City Department of Correction | |
The net worth of Donald Trump is not publicly known. Various news organizations have attempted to estimate his wealth. Forbes estimates it at $2.5 billion as of 2022, with Trump making much higher claims. Trump received gifts, loans, and inheritance from his father.
Does Rudy Giuliani own property? ›Giuliani, 79, has owned the 10th-floor co-op apartment in a landmarked, Gothic-style brick building from the early 1900s since acquiring it in 2002, according to property records. He reportedly bought it for $4.8 million.
What has Giuliani done? ›In addition to the RICO charges, Giuliani was hit with multiple counts of solicitation of violation of oath by a public officer, conspiracy to commit impersonating a public officer, conspiracy to commit forgery, conspiracy to commit false statements and writings, and conspiracy to commit filing false documents.
Who was behind the 2008 financial crisis? ›
Though the 2008 crisis impacted the entire global financial system, it was caused by the subprime mortgage crisis in the United States. As a result, many of its major players were U.S. government officials and corporate leaders of U.S. financial institutions.
Who solved the 2008 financial crisis? ›In September 2008, Congress approved the “Bailout Bill,” which provided $700 billion to add emergency liquidity to the markets. Through the Troubled Asset Relief Program (TARP) passed in October 2008, the U.S. Treasury added billions more to stabilize financial markets—including buying equity in banks.
Who caused 2008 financial crisis? ›Failure of financial firms, panic in financial markets
Financial stresses peaked following the failure of the US financial firm Lehman Brothers in September 2008. Together with the failure or near failure of a range of other financial firms around that time, this triggered a panic in financial markets globally.
Giuliani is best known for his leadership role during the September 11 attacks. In the aftermath of the attacks, Giuliani gained the moniker "America's Mayor" and was named Time Magazine Person of the Year in 2001.
Was mayor Giuliani Democrat or Republican? ›