TravelGuides – Tom Girardi’s law firm once approved for $1.5 million PPP loan

TravelGuides – Tom Girardi’s law firm once approved for $1.5 million PPP loan

tom girardi

What a pretty mess.

The law firm of “Real Housewives of Beverly Hills” star Erika Jayne’s estranged husband, Tom Girardi, was approved for a PPP loan value over $1.5 million lower than a yr earlier than they had been pressured into Chapter 7 chapter.

According to public records, Girardi & Keese secured a loan of $1,503,000 — earmarked for payroll, with 84 jobs reported — on April 15, 2020.

The Paycheck Protection Program allowed entities to use for low-curiosity non-public loans to pay for their payroll and sure different prices amid the hardships of the COVID-19 pandemic.

In December, Girardi’s law associate, Robert Keese, sued him to dissolve their enterprise enterprise, 1126 Wilshire Partnership.

Keese, together with Robert Finnerty and Jill O’Callahan, alleged Girardi, 82, by no means paid them roughly $315,000 in revenue from the partnership, claiming he absconded with the cash “for his own personal gain.”

A bombshell report released by the Los Angeles Times that month mentioned Girardi had been foundering to maintain his firm alive whereas his “RHOBH” star spouse, Erika Jayne, flaunted her wealth on nationwide tv.

Jayne, 49, filed for divorce in November in what some deemed an try to distance herself from her estranged husband’s mounting authorized troubles.

In March, a 64-page report filed in Los Angeles chapter court docket confirmed the longtime lawyer owed no less than $56.8 million to law corporations, litigation funders and different collectors.

Girardi’s additionally being sued by Wells Fargo Financial Services for allegedly breaching a written settlement and dialog with the financial institution and is being accused of stealing cash from his purchasers to fund he and his spouse’s lavish existence.

He admitted to having monetary struggles in a September 2020 deposition, which aired partly on Hulu’s current “The Housewife and the Hustler” documentary.

“At one point I had about $80 million or $50 million in cash,” the legal professional mentioned within the clip. “That’s all gone. I don’t have any money. I also had a stock portfolio of about $50 million, and that’s all gone.”

TravelGuides – Tom Girardi’s law firm once approved for $1.5 million PPP loan