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Another Democratic Mega-Donor is Arrested for Embezzling the Money He Contributed to the Democrats.

Donors to the Democratic party got their money the old-fashioned way, they embezzle it. First, it was Sam Bankman-Fried, who donated $40 million dollars to the Democrats in 2022. In order to be so generous, he stole billions from his clients. Was that $40 million to purchase a get-out-of-jail-free card? Certainly, he has been treated with kid gloves and has been able to bail himself out of jail and continue to live the good life with his stolen money.

Now, another donor to the Democrats is being charged with embezzling client money, even as he gives Democrats millions of dollars. Tom Girardi – a lawyer who has donated big money to Democrats, and his partner Christopher Kamon, the former chief financial officer of Girardi’s LA-based law firm, have been charged with five counts of wire fraud in Los Angeles which carries a maximum 20-year prison sentence. It will be interesting to see if Democrats insist on keeping the money he stole just like they did with Bankman-Fried.

DOJ Press Release:

The indictment alleges that, from 2010 to December 2020, Girardi and Kamon fraudulently obtained more than $15 million that belonged to Girardi Keese clients.

To conceal the theft and misappropriation of client settlement money, Girardi and Kamon allegedly lied to clients, stating falsely, among other things, that the settlement money had not been paid. Girardi also allegedly falsely told clients that settlement proceeds could not be disbursed until certain purported requirements had been met, such as eliminating purported tax obligations, obtaining supposedly necessary authorizations from judges, and satisfying medical liens and other debts.

Girardi and Kamon allegedly also sent lulling payments to clients, falsely representing that the payments were “advances” on purportedly yet-to-be-received settlement proceeds that, in fact, had already been deposited in Girardi Keese accounts, or were “interest payments” on the settlement money that purportedly could not be paid to the clients until the fabricated requirements were met.

For example, in July 2019, Girardi negotiated a $17.5 million settlement of a lawsuit related to injuries sustained in a car accident by two clients and their child, who was paralyzed in the crash. The settlement agreement specified that the child’s portion of the settlement money would be placed in a trust and an annuity to be controlled by a third party, neither of which could be accessed by Girardi and Kamon.

Girardi also allegedly lied to the clients, telling them that the remaining settlement funds could only be paid after medical liens had been satisfied, court proceedings had concluded and Girardi had flown to Washington, D.C., to meet with government officials to remove the settlement’s tax liability. In fact, all of this information was false and Girardi had embezzled their settlement money, the indictment alleges.

Before he was caught, Girardi cultivated relationships with powerful Democrats, including mayors, governors, members of Congress, presidents, and presidential candidates — through large donations and lavish spending on fundraisers. Girardi, his relatives, and his employees gave $7.5 million dollars to the Democrats. The thing they like about Democrats is their honesty. Once you buy them, they stay bought. Girardi put on a huge fundraiser for Joe Biden.

Tom Girardi is the lawyer who inspired the Julia Roberts movie “Erin Brockovich.”

 

 

 

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