The lawyer hired to investigate Erika JayneThe man’s fortune explains why his investigation must be done quickly, given the manor’s price tag Real housewives from Beverly Hills Star once shared with her estranged husband Thomas Girardi was reduced by over a million dollars.
It’s good that Erika’s lawyers have changed their minds after she was initially dropped because of a “fundamental and material breakdown” with her client – because she now needs representation more than ever. Lawyer Ronald Richards begins investigating whether Thomas and his law firm Girardi Keese have fraudulently transferred assets to Erika. Ronald suspects Thomas wrongly transferred more than $ 20 million to Erika’s company.
“The possible assets to be confiscated include the settlement proceeds in the millions that the debtor may have transferred to Erika,” the lawyer wrote on Reuters. Ronald also noted that he “has already confirmed that settlement funds have been diverted to Erika”.
Ronald’s allegations were included in a new motion for a court order to get the reality star’s new landlord to hand over records so he can determine if the monies she used to pay for her new Los Angeles home “Fraudulently” obtained from Thomas and his company.
Additionally, Ronald claims the investigation needs to be done as soon as possible, fearing Erika will continue to spend the funds.
“If the investigation is not done quickly, Erika can further diversify the debtor’s assets,” he wrote.
As fans know, Thomas and his company were forced into bankruptcy months ago on accusations of owing millions of dollars to both creditors and customers. As a result, the couple’s 10,277-square-foot Pasadena mansion went on sale for $ 13 million in May, and the proceeds from the sale will be split among Thomas’s debt.
However, the purchase price for the home has just been lowered to $ 11.5 million as the trustees are understandably anxious to discharge the property.
“BREAKING: The list price of the Girardi mansion was lowered by 1.5 million US dollars to 11.5 million US dollars,” tweeted Ronald Richards on June 18. “As we have said repeatedly, the property wasn’t worth nearly as much as the original. Estimated $ 16 million. This means that there will be a lot less money out of this asset. The trustee sets the sales prices. “
BREAKING: The Girardi Villa’s list price has been lowered by $ 1.5 million to $ 11.5 million. As we have kept saying, the property was nowhere near the original value. Estimate of $ 16 million. This means that there will be a lot less money out of this asset. The trustee states the sales prices.https: //t.co/kcuiJweXjU
– Ronald Richards (@RonaldRichards) June 18, 2021
The real housewives of Beverly Hills Season 11 airs Wednesday night on Bravo at 8/7.