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You're watching CNBC On Demand.
In this episode of American Greed, he's a powerhouse litigator who eats big
corporations for lunch.
Super lawyer Tom Girardi is worth $100 million, but says he's a champion of the
little guy.
Tom was.
one of the most respected trial lawyers in U .S. legal history.
He wins billions in settlements for clients around the globe.
As a lawyer, sometimes you feel pretty good.
Girardi makes his fortune in the courtroom, but his reputation is all
He said, I was in that, I'm the Aaron Brockowitz lawyer, and that's Doc.
And whether he's taking on Big Pharma or Major League Baseball, he's a legal
legend. They did the wrong thing.
You've got to make it right.
Girardi's got the mansion, the cars, the swagger, and the glamorous real
housewife of Beverly Hills.
He said stuff like, forget about it, baby. That's showmanship.
But clients claim that this showman is really a swindler who allegedly siphons
tens of millions in settlements to fund a gilded lifestyle.
It's about a lot of people who have been victimized.
Once, twice, three times.
And his victims trust American Greed to tell their stories.
They're ruining lives.
They're ruining thousands of lives.
Until this accused conman counselor's world starts to crumble.
That's what's been happening the whole time. The old man went through all the
money. And Girardi's days of making headlines are far from over.
Is it greed?
Yes. Is it pride?
Absolutely. Is it ego? Is it prestige?
It's all of the above.
But it's not a mistake.
Tom Girardi's illustrious career as a personal injury attorney has made him an
all -American success story.
The flashy Uber lawyer is a multimillionaire with a lifestyle most
dream of.
It's on display every week, along with his beautiful, much younger wife, Erica
Jane, who shares the intimate details of their marriage on the hit reality
series, The Real Housewives of Beverly Hills.
But on November 3rd, 2020, the press catches wind of a bombshell.
Erica's filing for divorce.
This was wife number three. He'd already had an armload of mistresses.
You know, you keep watching to see what will happen.
Her soon -to -be ex -husband isn't nearly as famous as Erica, but Girardi
flamboyant character in his own right, at least in the courtroom.
In the legal world, it is the case about Tom Girardi.
In the reality world, it's about Erica Jane's husband.
Erica says she wants a divorce because, she contends, Tom cheats and treats her
poorly.
But could there be another reason for the split?
Tom Girardi's financial life is crumbling to pieces, as the public will
find out.
17 counts of federal criminal indictments.
And a torrent of civil lawsuits will later claim Tom stole client funds.
And Erica knew it. We sued under a federal statute, RICO, which is the
that you use to go after the mob.
A collapsing marriage and an avalanche of legal woes are just the beginning of
Tom's troubles.
Teetering on bankruptcy, Girardi risked losing what, according to Erica, might
matter most to him.
His sole identity as a great lawyer.
In 1964, seven years before his third wife Erica is even born,
Girardi graduates from Loyola Marymount Law School in L .A. He establishes a
personal injury law practice and scores early victories, including a big claim.
Just a few years out of law school, Tom made a name for himself by being the
first lawyer in California to win a medical malpractice judgment of more
million.
And he was always an expert at marketing himself, so he would turn every single
victory into three more.
Including a victory that will make him famous, the so -called Aaron Brockovich
case.
The Aaron Brockovich case put him on the map nationally.
Before the world knows her as a character that wins Julia Roberts an
Best Actress, Erin Brockovich is a real -world legal clerk.
She works with her boss, attorney Ed Mastry, to lead a class -action lawsuit
against Pacific Gas and Electric for releasing cancer -causing chemicals into
groundwater.
It's called a toxic mass torch case.
When Massery runs out of money, he turns to Tom Girardi for help.
With Girardi on Massery's team, in 1996, PG &E settles for
$333 million.
The attorneys pocket $133 million in contingency fees alone.
Aaron Brockfitt was a defining case for a lot of us, and the movie compelled a
lot of us to go to law school and fight for the underdog.
Girardi name -dropped his A -list connection to the movie for decades. In
promotional interviews, he sounds like he has a starring role.
Shooting that movie, I was on the set every day. I got to know Julia Roberts.
And to this day, we still have the chance to say hello now and then.
Except in the film, Tom's not important enough to score an on -screen knock.
Writers invent a composite they call Kurt Potter.
Aaron, I was just talking about you. This is our new partner, Kurt Potter.
be handling Hinkley now.
Oh, I see what you mean about a secret weapon.
Aaron, it's great to meet you. You've done a fabulous job.
He immediately latched onto it and said, that's me.
So even though they never said Tom Girardi, he said, I was in that. I'm the
Aaron Brockovich lawyer, and that's Doc.
And he realized that that fame got him an incredible amount of power.
Powerful lawyer, even better businessman.
In glossy advertising, he's Girardi Keith's best hype man. And in PR
seizes every opportunity to pitch his firm's signature calling card.
And we're interested in doing one thing, and that's helping the little guy.
Giving the guy a voice who's been harmed, who otherwise wouldn't have a
Girardi thrives on high -profile cases.
that earn him headlines.
He even takes on the L .A. Dodgers in 2014.
Police in Los Angeles arrested a suspect today in the brutal beating of a San
Francisco Giants fan outside L .A.'s Dodger Stadium.
Beaten so badly that he remains in a coma in a San Francisco hospital.
Girardi sues the victim's attackers and the Dodgers, blaming negligent security
for his client's trauma.
Investigative reporter Brandon Lowry covers the trial and gets a front row
to the Girardi show.
When I first met Tom, he was in the middle of the Brian Stowe case. He was
representing the fan against the Dodgers.
And he does it all with dramatic panache.
The Dodgers should be paying the medical expense for this man and his family
right now.
Hey, man, we made a mistake. We're so sorry. And instead you come in here and
you deny what the law is.
You deny you have any ability to keep the pledge safe.
People get hurt too bad.
In and outside the courtroom, Lowry is impressed.
He remembered my name the first time I told it to him. The next day he came up
to me.
Brandon, great story.
He was just a really nice guy.
Girardi's closing argument is a folksy masterclass in persuasion. You know
You're going to do the right thing.
I know you will.
Tom Girardi's clients needed a win. He was the man who was going to solve their
problems. He was their hero.
The jury awards Girardi's clients nearly $18 million.
I didn't know who he was. I mentioned this to one of my colleagues, and he was
like, oh, yeah, he's kind of a big deal. You know, he was one of the Aaron
Brockovich lawyers, and his wife's on Real Housewives. And I was like, wow,
guy remembered me. I can only imagine how clients would have felt being
like they really mattered to him.
Six years later, and only days before Erica Jane files for divorce, Tom will
give his last known on -camera interview to personal injury attorney Daniel
Faruzan. who lands Girardi as a marquee guest on his Schmoozin' with Faroozan
podcast.
Hi, my name is Daniel Faroozan, and welcome to the first episode of the
Schmoozin' with Faroozan podcast.
I went in there thinking to myself, oh, wonderful, I got a big name for the
first episode of my podcast.
That's all I knew, and I was excited to listen to him and learn.
Sharing that interview exclusively with American Greed.
Perusin learns that Girardi's happy to talk shop about his Dodgers win.
Not too long ago, sir, I was listening live to your closing in the Bryan Stowe
case. And now here I am sitting across from you getting to ask you all these
questions. I can't tell you how excited I am. I got all the accolades.
Girardi won.
Forget about it, baby.
It was that wonderful, sweet client that those jurors really liked.
He says things like, forget about it, baby.
And I'm thinking to myself, oh, my God, I'm in Dick Tracy. What's going on here?
Do we still speak like that? At the time, I found that charming because no
else has ever spoken to me like that.
But clients say Girardi's charm never lasts for long.
Coming up, Tom Girardi plays Erica Jane's Prince Charming.
He had so much power and influence and money that he could take kind of a
nobody. and make her into a star.
But who's really funding their fairytale lifestyle?
As a hotshot L .A. lawyer, Tom Girardi cultivates a big -spending, showy
reputation.
Since the 1980s, he had a mansion in Pasadena, and he would
entertain politicians, he'd entertain other lawyers, and this goes back long
before Erica.
By the late 90s, when he meets 27 -year -old cocktail waitress Erica Jehoi,
they're a match made in Hollywood.
Tom Girardi and Erica are two peas in a pod. And when they met, it was like a
stereotype ran into a cliche.
They marry in 2000, and the one -time exotic dancer begins her metamorphosis
Erica Jane, the aspiring singer and celebrity, bankrolled by her new
years her senior.
Author Kathleen Sharp will spend years investigating Tom Girardi.
They're very similar, their ambitions and their public personas.
She was very clever to pitch her star to him.
But at the same time Erica's star is rising, Tom Girardi is about to take
another big swing at Pacific Gas and Electric, the company that made him rich
and famous.
They're behind another devastating disaster.
And for Girardi, it's a new opportunity to cash in on tragedy.
On a warm September evening in 2010, Joe Rugomez is a teenager at home
watching a football game with his girlfriend.
Suddenly, his entire neighborhood explodes.
This theory reeling from an explosion so powerful, it claimed lives and forever
charred the landscape here.
The local gas company, Pacific Gas and Electric, says a 30 -inch gas line
ruptured.
With burns covering his body, Joe clings to life.
Amazingly, this is his second appearance as a victim on American Greed.
His first was in season 14, episode 11, Burned by Greed.
recounting how he survived the explosion caused by PG &E's negligence.
Joe's girlfriend, Jessica, perishes, along with seven others
in San Bruno.
Joe, we don't know if he's going to make it.
And he's hooked up to a million tubes and covered in bandages all over.
You can't recognize him.
Kimberly Archie, a close friend of Joe's mother, knows many lawyers in her work
as a youth sports safety advocate.
Some of them have high praise for Tom Girardi.
All they ever talked about was Tom Girardi. Tom Girardi this, we'll take it
Tom. And when it comes to winning against PG &E, no one has a better
I ran the meeting initially when they met Tom because this was just a horrific
nightmare for them.
But with a home in ashes and facing a mountain of medical debt for Joe, the
Gomez family, like so many of Girardi's clients, are vulnerable, as Joe's sister
Jamie recalls.
We thought, wow, like, he's an amazing lawyer. He's so well -known. We had no
experience in that world. Like, we were a middle -class, blue -collar family.
The Rue Gomez family signs on with Gerardi Keys, and their celebrity L .A.
lawyer fights for them, suing PG &E for negligent procedures.
I was in a coma for most of that.
And I woke up and they said, this is our lawyer.
You know, every time I'd talk to him, he'd whisper me sweet nothings all the
time. You know, talk a good game. It just seemed logical to trust him.
As their case winds through the court, Joe's family friend Kimberly starts
working closely with Tom as a litigation consultant, giving her an up -close
look at Girardi's outrageous spending.
He leases not one, but two private jets and drives a rotating fleet of luxury
cars.
Tom showers Erica with jewels, including the piece de resistance, $750 ,000
diamond earrings.
His estimated net worth peaks at $100 million.
Yet, for all his wealth, Archie notices...
something doesn't quite add up.
I kept thinking, how is he living like a billionaire on millionaire money? I
never thought he made that kind of money just on settlement.
She might be right.
She just doesn't know it yet.
Three years into their lawsuit against PG &E, Tom Girardi has exciting news for
the Rugomez family.
He's won them a multi -million dollar settlement.
Most is earmarked for Joe, who's already endured dozens of surgeries and will
require extensive medical care for the rest of his life.
I didn't have any money at the time. Everything that me and my family owned
up in smoke, literally.
But Joe's sister, Jamie, says Girardi isn't explaining the details of their
settlement. We didn't see any paperwork.
And once my mom started pressing him, he pretty much cut off communication with
her. We had no idea what we were getting ourselves into.
And when Tom tells the family how much money they'll receive, instead of
comforted, Jamie recalls feeling judged.
He made me feel like I was being an ungrateful brat, as if he was expecting
to jump for joy that I got this money, but I lost everything that was important
to me.
On top of that, Girardi's smarminess makes her suspicious.
He called everybody, like, oh, baby, and, like, stuff like that, and he just
tried too hard, and it was phony. He even called my father baby.
Like, what are you doing?
Coming up.
More families in dire straits depend on Tom Girardi to be their champion of the
little guy.
We need this money for help. We don't want this to go by lavishly.
But their lawyer does, and it will lead to his downfall.
This was not a small criminal operation.
It was large. It was unwieldy. That is something out of a John Christian novel.
In California, while the Lugomes family trusts Tom Girardi to deliver millions
in settlement money from the PG &E explosion lawsuit, halfway across the
country, the Jones family is counting on him to answer their prayers.
In Linden, Kansas, they're represented by Tom's firm as...
part of a 2012 lawsuit against the Johnson & Johnson drug Risperdal.
After taking the drug as a child, Holly and her husband Michael's son Matthew,
who is autistic, develops gynecomastia, male swelling of breast tissue.
Insurance won't cover the corrective operation that he needs.
It broke my heart to see him going through that.
I couldn't make it better right away.
When Michael dies from lung cancer in 2016, Holly and her children are left
reeling and financially strapped.
Holly suffers brain and physical injuries, leaving her disabled.
They hope for a miracle settlement for Matt and a little money to repair their
home, if there's anything left over.
And it's not that we want this money.
It's that a lot of us can't afford this stuff.
We can't afford mass surgery.
Though Girardi -Keese advertises that we treat our clients like family, the
Joneses say they receive hardly a word of correspondence.
We kept getting pushed off and pushed off and pushed off and pushed off, and
needed to help.
Something just wasn't right in the way they handled you, the way they treated
you. Finally, after seven years, Girardi Keys notifies Holly that they've
negotiated a settlement with Risperdal's manufacturer.
It will allow the Joneses to pay for Matt's surgery and fix up their home.
amount is modest, just $12 ,000.
And for the Jones family, it's life -changing. For the Girardis, $12 ,000 is
night out.
Erica's video, Expensive, lays out her thoughts on money management.
Erica was the perfect mate in that she loved to spend money just as much as Tom
did, if not more. It was a trophy to him to say, like, I paid for her music
video. As reality TV royalty, Erica reportedly tallies more than $14 million
in American Express charges.
But her celebrity seems to pay off for Tom.
How has the reality television affected your career? How has it affected the
marketing for your office?
I would be in a hotel in New Orleans.
Twenty people come running up.
Are you Erica's husband?
Erica talked about enlisting a $40 ,000 a month glam squad and goes on eye
-popping spending sprees.
Tom and Erica had money to buy whatever they wanted. They didn't necessarily
have the most taste.
And I think that's really where the spirit of greed comes from, people who
have an empty want.
Yet while Tom's living it up with Erica, his clients are just trying to survive.
He was brilliant at getting the recovery, getting a payment made by the
defendants in these lawsuits.
He just wasn't very good at it.
allocating those funds where they should have been paid.
The Rue Gomez family discovers that firsthand.
They've asked American Greed to keep the exact amount confidential, but by 2018,
they allege that Girardi pays them only a small fraction of their multimillion
-dollar settlement, telling Joe he'll eventually get the rest.
At first, Girardi's rationale sounds plausible.
You're going to get... Payments every five years, lump sums every five years,
and then they're going to get annuity every month.
And I'm like, oh, that makes sense. I'm young, you know.
Neil Wortlieb is a lawyer and ethics expert in California.
The client, they don't really have the access to the information to figure out
what they're entitled to, unless the lawyer does what they're supposed to do,
which is to tell them precisely what's been received, account for it basically
to the penny.
and whatever balance is remaining, all of that is supposed to be allocated to
the clients.
Instead, his clients allege Girardi evades their pleas to see the actual
paperwork from their settlement. They claim that he hedges on showing them his
itemized fees, and he's late with payments.
It's just another excuse, another excuse.
That's when some red flags started popping up.
Red flags are just the beginning.
Time would go on, and then finally, if you press them enough, they'll finally
pay you something.
And then eventually that just stopped.
And back in Kansas, the Jones family says that Girardi Keys plans to keep
of their tiny $12 ,500 settlement.
They were going to take 40%, and they were also going to take
$3 ,500 for postage and copies and filing fees.
I know they did not spend that much.
Holly claims she doesn't get an itemized bill and pushes back.
Eventually, they settled it for $6 ,000.
Well, they said, okay, we'll pay you in a month.
Month goes by.
Nothing happened.
We kept calling them and calling them and calling them, and they would not
respond to us.
Up next, when an Indonesian air disaster leaves widows and orphans in its wake.
Tom Girardi is on the scene.
Past clients warn, check your pockets.
If you're unlucky enough to touch Tom Girardi, he probably had your
wallet.
By 2018, Chicago consumer law attorney Jay Edelson has a chance to collaborate
as a co -counsel with the man who has helped inspire his career, Tom Girardi.
But Edelson is about to find new truth in an old saying, never meet your
you'll only disappoint.
He operated like a mob boss.
You know, what you see in The Sopranos, where they're at the restaurant all day,
and if you want a meeting with them, you've got to come to the restaurant.
It wasn't like any other attorney I'd ever met in my life.
And talking about the opioids case they might work on, in Jay Edelson's opinion,
Tom is shockingly charmless.
Within 30 seconds, you realize he's a horrible person.
And it was clear he was foolish.
It was just clear from the very beginning.
He didn't know anything about the case.
He had no strategy other than just to wield his influence.
It was not a good match.
But against his better judgment, Edelton will give Girardi a second chance.
None of that growing air disaster mystery, a Boeing passenger plane, the
company's most recent design, suddenly plunging into the sea, likely killing
189 people on board. And the question is, what caused a brand new plane to go
down in clear skies?
When a Boeing 737 MAX owned by Lion Air crashes in Indonesia, Gerardi
Keese swoops in to represent a dozen grieving family members, most of them
widows and orphans.
in a lawsuit against Chicago -based Boeing and others.
A few months later, we got a call from Tom Girardi's firm saying, we're going
file the case in Chicago and we'd like you to help out.
When Edelson confirms that Girardi won't be directly involved with the legwork,
he signs on.
Both firms agree to a 50 -50 fee split.
And in February of 2020,
Girardi and Edelson celebrate a multi -million dollar settlement for their
clients. Girardi Peace is responsible for promptly paying the families and
cutting co -counts of their share.
But as a federal judge will later find, by that September, Edelson's firm hasn't
seen a dime.
We were calling every week, trying to get more information, and we kept
stalled.
The Rue Gomez family knows the feeling.
After years of runaround, they've started sleuthing into Girardi's past
discovered a laundry list of complaints against him they find online.
They tell their friend, Kimberly Archie, what they found.
As a host of civil lawsuits will later allege, Tom Girardi seems to have been
regularly transferring client settlements into his own bank accounts
his obscene spending.
When money comes in as client money, you have to put it in a separate account.
It is sacrosanct.
Client funds are supposed to be kept in a trust account that's registered and
regulated by the California State Bar.
Lawyers are also bound to follow specific payment procedures.
Let's say it's $100 ,000 in the trust account, and I have a 40 % contingency
on that. So if I get my client $100 ,000, I will take the $40 ,000.
Move it out of the trust account, put it in my operating account before I ever
touch a penny or a nickel of that money. Why?
While it's in your trust account, it's not your money.
That belongs to your clients.
Bankruptcy trustees will later claim, not if you're Tom Girardi.
He took the funds for his own use, his own personal expenses, for gifts to his
wife, whatever it might have been.
It's called commingling client funds.
The amount of money that was involved here became very attractive.
Perhaps he saw those funds and thought, I've earned it, I deserve it, I want it.
Co -mingling funds is the fast track to getting disbarred, or it was supposed to
be the fast track of getting disbarred.
Instead, the California State Bar inducts Girardi into the Trial Lawyer
Fame.
On the surface, this is about a celebrity couple, but...
What it's really about, it's about a lot of people who have been victimized
once, twice, three times.
The Rue Gomez family knows that feeling as well.
It really is a slap in the face because we'll just sit there watching TV and be
like, oh, that's what our money's being spent on.
Oh, that's what all the other victims' money is being spent on. Oh, that's what
you're doing with it.
Joe Rue Gomez copes with constant daily pain.
But Girardi seems untouchable.
Nobody's looking at any of this stuff.
How could he have done it? Nobody knew.
Up next, Girardi has seemingly perfected hiding dirty little secrets in plain
sight.
Tom Girardi was not a work in progress. He was already a made man in the most
corrupt way.
In 2019, Tom Girardi is regarded as one of the most successful litigators in
America. Author Kathleen Sharp has known better since the 1990s. Tom was an
operator way back when.
Way back in 2000, she writes a searing expose on the Erin Brockovich case.
Victims from that early PG &E case accused Tom of the same lying and
embezzlement racket.
that he's been accused of repeating with scores of complaining clients after
them. Here were these poor people who had suffered for years and years, and
trusted Girardi to make them, if not whole again, then at least to get them
money so they could take care of their medical problems.
And that never really happened.
But there's more.
What I found was sort of a goldmine, which is the arbitration system.
Voluntary arbitration allows Girardi to steer some of his famous cases,
including the Erin Brockovich case, into negotiation instead of a full -blown
trial before a jury.
Private retired judges administer those cases.
They were earning hundreds of millions of dollars, paying judges two or three
times what they had earned in the public sector.
Perhaps surprisingly, this is perfectly legal.
It wasn't just arbitration. It was him making friends with some of these
judges. But Tom took it a little bit farther.
Girardi wines and dines judges in L .A.
He flies them to baseball games in his Gulfstream jet and even charters
Mediterranean cruises that his judge pals later called educational seminars.
There would be butlered waiters with silver trays full of champagne or bikini
-clad ladies frolicking on the sun -drenched decks.
It gave decadence a bad name.
With arbitration, results are veiled in secrecy. So Girardi's payouts
escape scrutiny.
And in this good old boy culture, Girardi's official record with the
bar remains spotless, which is remarkable because zooming ahead to
2022, the bar will disclose a jaw -dropping number of complaints and
more than 200, dating all the way back to the early 1980s.
They taught me a thing or two about not only how to fleece, your
clients, but how to get away with it.
Girardi quietly settles some of the cases in a Ponzi -like way, paying off
debts with new money.
Other times, court findings show he simply runs out the statute of
And Girardi thumbs his nose at a mandate from the California bar.
There were 37 cases where he was required to report himself.
The bar trusted him.
to report his own misconduct, and he just didn't. Basically, if you're
enough to have touched Tom Girardi, he probably had your wallet.
But by 2019, the Rue Gomez family has had enough of Tom Girardi. They not only
fire him, they sue him.
The day that Kathy's...
Family sued Tom was the beginning of the end. That unraveled everything.
The judge issues Erica Jane Girardi two subpoenas, asking for shared financial
records. That's what led to Erica being served and finding out
that really Tom has no money.
Though Erica has publicly blamed Tom's alleged cheating as her reason for
divorcing him, Jay Edelson doesn't buy it.
It didn't make sense until Erica filed for divorce.
Then we said, that's what's been happening all the time. The old man went
through all the money.
Up next.
At that point, he was known to be a crook. His whole reputation ended like
A lawsuit against Tom Girardi, brought by his former clients, the Rue Gomez
family, has ruptured his reputation.
And now all hell is breaking loose.
When they brought their suit and started having success, the lenders started
cutting him off.
He was relying on a lot of outside money to keep it going. And that stopped
that.
Girardi is dangerously deep in debt, baby.
as he reveals in a video deposition for the Rugomez case.
At one point, I had about $80 million or
$50 million in cash.
That's all gone.
I also had a stock portfolio of about $50 million, and that's all gone.
In Chicago, Jay Edelson is deeply worried about his clients and is
discover that they've received barely half of their settlement money.
And we now know the clients were saying to them, we're screaming, where's our
money?
On December 2nd, 2020.
Jay Edelson files a 30 -page, five -count civil complaint against Tom,
and other Girardi Peace Associates.
In my view, it is a crime family. That's what it is. That is how they operate
it. Just two weeks later, on December 14th, Judge Thomas Durkin calls
behavior unconscionable and demands $2 million to be paid to the Lion Air
families. But Tom Girardi...
is broke.
The court issued the judgment.
They froze his assets.
A criminal investigation started.
He then was forced into bankruptcy.
And at that point, he was known to be a crook. His whole reputation ended like
that, overnight.
Over the next two years, new civil lawsuits filed by Jay Edelson pour in,
alleging Tom embezzled funds And Erica helped him hide more than $20 million in
assets through loans to her company, EJ Global.
We sued under a federal statute, RICO, which is the statute that you use to go
after the mob. We know that she knew that the money had run out at a time
she was pretending otherwise.
That's why we claim she was the front woman of Enterprise.
In a statement to American Greed, Erica's attorney vocally denies all the
lawsuit's claims against her, writing that they are disappointed with the
on Erica, which has been used as a distraction tactic.
She had no knowledge of and did not participate in any misconduct, and she
turned over her earnings to her husband and his law firm.
But Erica doesn't turn over those infamous $750 ,000 earrings from Tom
court order demands she submit them for auction.
I'm angry. I'm upset.
Here you are flashing all this stuff off, and that shouldn't be your stuff.
All of that should be gone. All of that should be money towards the people who
need it.
Auctioneers sell them for $312 ,000.
After months in foreclosure, Tom's opulent Pasadena mansion sells for $8
million.
The expensive treasures left inside fetch less than a half a million.
While the Girardi's divorce languishes in limbo, Tom lives in a memory care
facility, reportedly due to advancing Alzheimer's disease.
Eighteen months after suspending Girardi's law license due to his
cognitive decline, the California State Bar permanently disbars him, later
writing that Girardi caused irreparable harm to hundreds of his clients.
Tom does not represent all lawyers. The vast majority of lawyers I know get up
in the morning and do good work on behalf of their clients.
Tom Girardi's attorney responded to American Greed with...
No comment.
And though at least one court has found no evidence that Erica participated in
any wrongdoing, in a suit brought by Girardi's former colleagues, she and Tom
still face a slew of civil cases, including Edelson's.
Whatever role she may have played in this pales in comparison to the roles
played by numerous people whose names we don't know.
Tom would never have gotten as far as he did without all of these other people
and enablers, the other attorneys, the partners.
Every time you pull a thread, it kind of goes in 15 different directions.
That's the difficulty in this case, that it really was a sprawling criminal
conspiracy for decades.
Girardi's estimated debt is at least $100 million, with another $700 million
lawsuit claims against him.
The Jones family has launched a GoFundMe campaign.
And Holly wonders what justice might look like for the Girardis.
This may sound harsh, but I want them to live like we have to live. And I want
justice for all the clients who have been stolen from.
Jamie Rue Gomez, whose family is still fighting to secure the rest of Joe's
settlement, has another thought.
I don't care how old he is. No one should be above the law. He should be in
prison. That's where I want him.
And that could be a possibility.
In November 2022, federal agents in Baltimore arrest Tom Girardi's former
Chris Kamen, on criminal charges for wire fraud.
Though they declined to comment, FBI and IRS agents are reportedly pursuing
investigations against Girardi and his associates.
Would it be a happy ending to see an oxygenarian in prison after he's already
harmed everybody? The happiest ending we could hope for is that people start
looking at the system and changing the system to prevent this from happening to
other people. There's going to be another Tom Girardi, and probably doing
right now.
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