The law firm of “Real Housewives of Beverly Hills” star Erika Jayne’s estranged husband, Tom Girardi, was approved for a PPP loan worth over $1.5 million less than a year before they were forced into Chapter 7 bankruptcy.
According to public records, Girardi & Keese secured a loan of $1,503,000 — earmarked for payroll, with 84 jobs reported — on April 15, 2020.
The Paycheck Protection Program allowed entities to apply for low-interest private loans to pay for their payroll and certain other costs amid the hardships of the COVID-19 pandemic.
In December, Girardi’s law partner, Robert Keese, sued him to dissolve their business venture, 1126 Wilshire Partnership.
Keese, joined by Robert Finnerty and Jill O’Callahan, alleged Girardi, 82, never paid them the approximately $315,000 in income from the partnership, claiming he took the money “for his own personal gain.”
A bombshell report released by the Los Angeles Times that month said Girardi had been foundering to keep his firm alive while his “RHOBH” star wife, Erika Jayne, flaunted her wealth on national television.
Jayne, 49, filed for divorce in November in what some deemed an attempt to distance herself from her estranged husband’s mounting legal troubles.
In March, a 64-page report filed in Los Angeles bankruptcy court showed the longtime lawyer owed at least $56.8 million to law firms, litigation funders and other creditors.
Girardi’s also being sued by Wells Fargo Financial Services for allegedly breaching a written agreement and conversation with the bank and is being accused of stealing money from his clients to fund he and his wife’s lavish lifestyles.
He admitted to having financial struggles in a September 2020 deposition, which aired in part on Hulu’s recent “The Housewife and the Hustler” documentary.
“At one point I had about $80 million or $50 million in cash,” the attorney said in the clip. “That’s all gone. I don’t have any money. I also had a stock portfolio of about $50 million, and that’s all gone.”
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