Former legal heavyweight Tom Girardi has been convicted of running a massive Ponzi scheme in which prosecutors said he embezzled at least $15 million in client money.
Former high-powered litigator Tom Girardi was convicted Tuesday of running a massive 10-year Ponzi scheme in which prosecutors said he siphoned at least $15 million in settlement funds from four of his clients.Former high-powered litigator Tom Girardi was convicted Tuesday of running a massive 10-year Ponzi scheme in which prosecutors said he siphoned at least $15 million in settlement funds from four of his clients.
During closing arguments Monday, Assistant U.S. Attorney Ali Moghaddas told the jury that Girardi "wanted the outside world to believe he was fighting for people who couldn't help themselves," but instead, clients who were expecting settlement funds waited as "days turned into months and months turned into years."
The four wire fraud counts corresponded to four victims whose settlement funds were allegedly pilfered by the disgraced ex-attorney. They are: Joe Ruigomez, who suffered burns on most of his body when a gas line exploded, killing his girlfriend; Judy Selberg, whose husband was killed in a boating calamity; Josefina Hernandez, who was injured by a faulty medical device; and Erika Saldana, whose one-year old baby was badly injured in a car crash with a drunk driver. The baby later died.
Assistant U.S. Attorney Scott Paetty told jurors in his rebuttal argument Monday that Kamon will soon face his day in court. At the same time, he said, just because the former accountant allegedly siphoned settlement funds, it doesn't make Girardi innocent. RELATED: Tom Girardi, disbarred LA celebrity lawyer, indicted for allegedly embezzling $15M in client money
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