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Tom Girardi Sentenced to Seven Years for Embezzling Millions from Clients

The judge ruled that Girardi’s Alzheimer’s symptoms did not render him incompetent to serve the sentence.

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Thomas Girardi talks to reporters after the reading of the verdict in Bryan Stow's suit against former Los Angeles Dodgers owner Frank McCourt on July 9, 2014.
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Overview

  • U.S. District Judge Josephine L. Staton sentenced Girardi to 87 months in prison on four wire fraud counts following his August 2024 conviction.
  • He must surrender by July 17 and pay $2.31 million in restitution plus a $35,000 fine.
  • Prosecutors say Girardi ran his firm like a Ponzi scheme between 2010 and 2020, misappropriating over $25 million in settlement funds for personal luxuries and to finance Erika Jayne’s entertainment career.
  • Girardi Keese collapsed into involuntary bankruptcy in late 2020 and Girardi was disbarred by the State Bar of California in 2022.
  • His estranged wife, reality star Erika Jayne, was never charged in the fraud case and filed for divorce in 2020.