Particle.news

Download on the App Store

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.

Image
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.
Image

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.