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Debts

All articles tagged with #debts

crime1 year ago

"The O.J. Simpson Legacy: Financial Fallout and Domestic Violence Lessons"

OJ Simpson reportedly evaded paying the $33 million in damages owed to the families of his murder victims by engaging in a ring of all-cash business dealings, including private autograph signings and podcast appearances. Despite earning a decent living after his 2017 release from jail, he allegedly paid the families virtually nothing, with only $123,000 of the balance settled. His 2008 conviction for armed robbery further hindered his earning power, leaving him owing a massive amount to the families.

via Page Six|
#cash-business-deals#crime#debts
sports1 year ago

"Shohei Ohtani's Ex-Interpreter Negotiates Guilty Plea for $16M Theft"

Shohei Ohtani's former interpreter, Ippei Mizuhara, is accused of stealing over $16 million from Ohtani to cover his gambling losses, as revealed in a federal complaint. Text messages between Mizuhara and bookies show his descent into uncontrolled sports betting addiction, with losses mounting to over $40 million. Mizuhara attempted to pay back his debt from Ohtani's account in weekly $500,000 transactions, but stopped, leading to veiled threats from the bookie. Mizuhara spent Ohtani's money on baseball cards and initially claimed Ohtani had paid his debts before admitting to stealing from him.

via ESPN|
#bookie#debts#federal-investigation
legalfinancial1 year ago

Rudy Giuliani Pressured to Sell Florida Condo by Creditors

Rudy Giuliani's creditors are seeking to compel him to sell his Florida condo to pay off his debts, as they argue that holding onto the property is draining estate resources. The Committee of Unsecured Creditors has filed a motion in bankruptcy court to force Giuliani to sell the condo, which he valued at $3.5m, and obtain homeowner's insurance for both his Florida and Manhattan properties. The committee is also considering compelling Giuliani to sue Donald Trump for alleged unpaid legal fees, as Giuliani filed for Chapter 11 bankruptcy in December 2023 after a defamation verdict ordered him to pay over $148m to election workers in Georgia.

via The Independent|
#bankruptcy#creditors#debts
politics1 year ago

"Creditors Push for Sale of Rudy Giuliani's $3.5M Florida Condo to Settle Debts"

Creditors are pushing for Rudy Giuliani to sell his $3.5 million Florida condo to help pay off his significant debts, which include a $148 million payment to two Georgia election poll workers. Giuliani's counsel argues that it's premature to request the sale, as the bankruptcy case is still in its early stages. Giuliani, who claims he lacks the funds to pay his debts, primarily relies on Social Security payments and income from his IRA. Creditors also demand that he secure homeowners insurance for his Florida and New York City residences, which are his most valuable assets.

via CNBC|
#bankruptcy#creditors#debts
politics1 year ago

Rudy Giuliani's Financial Woes: Unpaid Fees, Taxes, and Claims

Rudy Giuliani, facing financial troubles and owing thousands in unpaid fees, was filmed promoting a Long Island deli while holding a meaty sandwich. Bankruptcy records show he owes $38,520 to a Florida golf club and $647 to a facility owned by Donald Trump. Giuliani's mounting legal bills include fees owed to his former law firm and a $387,000 fee related to the 2021 FBI raid. Despite fundraising efforts and claims that Trump owes him money for legal fees, Giuliani's financial empire, estimated at $50 million, has led him to file for bankruptcy.

via Daily Mail|
#bankruptcy#debts#donald-trump
crime2 years ago

"Spanish Police Arrest Suspect in Sibling Killing Tied to Romance Scam Debts"

Spanish police have arrested a 43-year-old Pakistani man in connection with the killing of three siblings in their 70s, reportedly over debts linked to an online romance scam. The suspect had previously attacked one of the sisters and had lent them at least $55,000, which they had never repaid. The tragedy is believed to be linked to a fake online love affair, where the sisters were led to believe they would receive a multi-million-dollar inheritance. Romance scams are not uncommon, with recent cases in the U.S. involving swindling victims out of large sums of money.

via CBS News|
#crime#debts#murder
legalfinancial2 years ago

"Bankruptcy Judge Reviews Giuliani's Creditor Coalition in First Hearing"

Rudy Giuliani, who declared bankruptcy after losing a defamation suit, faces a diverse coalition of creditors seeking payment for various claims, including $148 million owed to two Georgia election workers. His attorney stated that Giuliani lacks the funds to pay and is working as a radio and podcast host while dealing with financial issues. The bankruptcy filing has brought forth creditors with unrelated claims, including a woman alleging coercion into sex, former attorneys, the IRS, and Hunter Biden. A judge agreed to temporarily lift a stay to allow Giuliani to appeal the judgment, but some creditors are concerned he is using bankruptcy to avoid paying debts. The next hearing is scheduled for Jan. 31.

via Newser|
#bankruptcy#court-hearing#debts
sports2 years ago

"Arantxa Sánchez Vicario, Tennis Major Winner, Found Guilty of Fraud"

Former tennis star Arantxa Sánchez Vicario and her ex-husband were found guilty of fraud for hiding assets to avoid paying debts to a bank, resulting in a two-year prison sentence for Sánchez Vicario, which was waived due to her first-time offender status and contingent on repaying the debts. Her ex-husband received a three-year-and-three-months sentence, and the couple must pay a $7.1 million fine.

via USA TODAY|
#arantxa-sanchez-vicario#debts#fraud
business2 years ago

Rudy Giuliani's Bankruptcy Filing Reveals Over $100 Million in Debts

Former Trump lawyer Rudy Giuliani has filed for Chapter 11 bankruptcy protection in New York, listing over $100 million in debts. This includes a $146 million defamation judgment for defaming two Georgia election workers while representing Donald Trump. The bankruptcy filing temporarily pauses the defamation judgment. Giuliani's estimated assets range from $1 million to $10 million, while his liabilities are estimated between $100 million and $500 million. He also owes nearly $1 million in unpaid taxes and has debts to various law firms. The list of nonsecured creditors includes Dominion and Smartmatic election machine companies, Hunter Biden, and a former Giuliani employee. Giuliani's bankruptcy lawyers stated that the filing will allow him to pursue an appeal and ensure fair treatment of all creditors.

via CNBC|
#bankruptcy#business#debts
business2 years ago

VanMoof's Bankruptcy Reveals 144 Million Euro Debt

Electric bike manufacturer VanMoof had debts of approximately 144 million euros when it filed for bankruptcy, according to documents submitted to a court in New York. The company owed 77.9 million euros to lenders, 50.6 million euros to suppliers and business partners, and 15.3 million euros in tax debts. VanMoof had been actively seeking additional financing or acquisition options to avoid bankruptcy, but when these efforts failed, it faced liquidity problems. The bankruptcy administrators are currently in talks with interested parties for a possible restart of the company, with a decision expected soon to meet the deadline set by the Dutch benefits agency for salary payments to employees.

via NL Times|
#bankruptcy#business#creditors
crime2 years ago

Crypto Influencer's Gruesome Fate: Dismembered Body Discovered in Suitcase

The dismembered remains of missing millionaire Fernando Pérez Algaba, a cryptocurrency influencer, were found in a suitcase by children playing near a stream in Argentina. The body parts were cleanly amputated, suggesting the work of a professional, and an autopsy revealed that the victim had been shot three times before the dismemberment. Algaba had accumulated significant debts and had been involved in trading cryptocurrency. Police have arrested one suspect in connection with his death, and authorities suspect that the murder was motivated by his debts. Algaba's brother insists that he was not a scammer and hopes that justice will be served.

via New York Post |
#crime#cryptocurrency-influencer#debts
politics2 years ago

Reparations Proposals Spark Controversy and Support Across California and San Francisco

Fox News host Laura Ingraham criticized San Francisco's Board of Supervisors' proposal to provide reparations to qualifying Black residents, including a $5 million payment to every eligible African-American adult, debt forgiveness, guaranteed income of $97,000 a year for 250 years, and homes in San Francisco for just $1 per family. The Hoover Institution estimates the $5 million per person part of the plan at $600,000 per household. Ingraham argues that such proposals will bankrupt families already dealing with the crushing weight of inflation.

via Fox News|
#african-americans#debts#inflation