“Pot of gold” and worth roughly $3.5 million” Rudy Giuliani Struggles to Find Accountant Amid Financial Troubles

Former New York City Mayor Rudy Giuliani has been dropped by his accountant and is struggling to find another willing to manage his troubled finances, according to recent court records. On Tuesday, Giuliani’s legal team filed a response in his New York City federal bankruptcy case, shedding light on his financial troubles, including his unpopularity among accountants and his reliance on limited sources of income.

Attorney Bradley Moss, upon sharing the filing on X (formerly Twitter), remarked, “Sounds like Rudy’s accountant dropped him as a client.” The court document reveals that the “Debtor” — Giuliani — “advised that he reached out to a number of accounting firms and CPAs seeking their help; however, no one seems interested in taking the assignment.”

“Unfortunately, [Giuliani] originally had an accountant who was helping, however, he had a change of heart and indicated that he no longer wished to help prepare the monthly operating reports,” the filing states.

Giuliani filed for bankruptcy shortly after a federal jury in December ordered him to pay $148 million in damages to Georgia election workers Ruby Freeman and Wandrea “Shaye” Moss, whom he had defamed with false election fraud accusations following the 2020 presidential election.

The new court filing offers a current snapshot of Giuliani’s dire financial situation. According to the filing, Giuliani’s “sole sources of income” are his Social Security payments and “whatever little bit of money comes in from his radio show and podcast.” The remainder of his income reportedly comes from his “exempt IRA.”

In addition to this financial struggle, Giuliani faces mounting legal fees and settlements. Several lawsuits and investigations, including those related to his involvement in efforts to overturn the 2020 election results and the FBI investigation into his dealings in Ukraine, have only added to his financial burdens.

In one instance, Giuliani’s creditors threatened to seize his prized Palm Beach, Florida, condominium, often referred to as his “pot of gold.” The property is estimated to be worth around $3.5 million. However, a judge permitted Giuliani to retain the Palm Beach condo, provided he put up his Manhattan apartment, valued at approximately $5 million, as collateral.

Giuliani’s financial predicament has been exacerbated by the loss of lucrative legal clients, dwindling consulting opportunities, and the sharp decline in his reputation following his prominent role in Trump’s efforts to overturn the 2020 election. His legal fees alone have reportedly reached millions of dollars, forcing him to sell his Manhattan home to cover the mounting costs.

Even before the defamation case verdict, Giuliani faced financial strain. His former wife, Judith Nathan, filed a lawsuit in 2021, claiming that Giuliani owed her over a quarter of a million dollars in unpaid alimony. Additionally, he faced challenges raising funds for his legal defense, resulting in public pleas for donations and a fundraiser hosted by former President Donald Trump.

Despite his significant legal and financial woes, Giuliani remains a loyal supporter of Trump and continues to promote his political beliefs through his podcast and radio show. Nevertheless, his inability to find an accountant willing to manage his finances further underscores the depth of his current struggles, marking a significant fall from grace for a man once celebrated as “America’s Mayor.”

Giuliani’s legal team continues to navigate the bankruptcy process while attempting to stave off further financial deterioration. However, with growing liabilities and limited income streams, his future remains uncertain as he faces increasing pressure from creditors and legal adversaries alike.