Surely, ol’ Rudy will file for bankruptcy to avoid the penalty, but it should put folks on notice that there are repercussions to goofy fibs that affect people’s lives.
I agree the total will be decreased, but I'm curious as to why you think it will be less than 2 million. I hope whatever the final amount is,the victims are satisfied with it... they deserve every penny they can get from this jackass.
Giuliani reportedly earns 400K per year from a radio show, but he has tons of legal bills. His buddy Trump hosted a $100,000 per person dinner at his golf club in NJ in support of Trump and Giuliani. Not sure how much it raised, but I'd be Trump kept the majority of it for himself.
You just answered part of it. He makes $400,00 a year. His lawyers will argue that there is no way, at his age, that he has enough net worth to pay this debt.
The verdict was to appease the people who hate the man, and that's typical of our judicial system.
However, as his lawyer, I would also argue that he is ruined not only financially but also personally. Right or wrong, this will be appealed, and the judge or appellate court will knock it down. Otherwise, he can declare bankruptcy and it will be lowered much like other creditors.
Look at the settlements that Trump has gotten away with. These guys have attorneys much smarter than me but I'd bet my bottom dollar that it works out the way I' stating. He deserves punishment but it has to be realistic,Promises Made, Promises Kept! Republicans stood, the liberal left wept.