Angry creditors want Giuliani’s assets taken out of his control
CNN
A group of angry creditors will face-off against Rudy Giuliani in bankruptcy court on Wednesday, where they have asked a judge to put his finances under the control of an independent trustee in order to lock down his assets and begin to collect what they’re owed.
A group of angry creditors will face-off against Rudy Giuliani in bankruptcy court on Wednesday, where they have asked a judge to put his finances under the control of an independent trustee in order to lock down his assets and begin to collect what they’re owed. Since declaring bankruptcy late last year, Giuliani appears to have remained flush with cash, including being paid $75,000 by a documentary project. He’s also continued to spend thousands of dollars each month on dozens of Amazon, streaming media and other purchases, according to court records. Those transactions and a general lack of transparency around Giuliani’s finances have drawn the ire and frustration of creditors seeking to enforce millions of dollars in claims against the former New York mayor, including $148 million in damages won by two Atlanta election workers who successfully argued in court last year that Giuliani defamed them after the 2020 election. At Wednesday’s hearing, the creditors will push the judge presiding over the case to take drastic steps to rein in Giuliani’s spending and potentially liquidate his assets, according to court filings they’ve made this week. And Giuliani may have to answer detailed questions under oath about his financial situation that he has so far refused to reveal. The hearing comes about a week after Giuliani lost his law license over his efforts in backing Donald Trump’s attempts to overturn the 2020 presidential election. Giuliani is also facing criminal charges in connection to those efforts in Georgia and Arizona. Giuliani’s decision to file for Chapter 11 reorganization should have brought transparency to his finances and moved him toward a plan to pay his debts, bankruptcy experts say.
FBI says it has disrupted major Chinese hacking operation that threatened US critical infrastructure
The FBI has used a court order to seize control of a network of hundreds of thousands of hacked internet routers and other devices that Chinese government-linked hackers were using to threaten critical infrastructure in the US and overseas, FBI Director Christopher Wray said Wednesday.
The Federal Reserve is preparing to cut interest rates for the first time in the Biden era after the White House spent the last three years grappling with Americans’ dissatisfaction with the cost of living, raising new questions about the health of the economy and the impact on voters at the ballot box.
Israeli officials notified the US that the country was going to carry out an operation in Lebanon on Tuesday but did not give any details about what they were planning, according to three sources familiar with the matter, including in a call between Defense Secretary Lloyd Austin and Israeli Defense Minister Yoav Gallant early Tuesday morning.