Friday, January 03, 2025

Giuliani Fights to Save His Yankees World Series Rings

As Rudy Giuliani's life gets stripped for parts to satisfy a $148 million defamation verdict, the former New York City mayor is fighting to keep one gleaming set of sports memorabilia ...

Posted by Dbt2 at 03:33 PM | 20 COMMENTS | permalink

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NEW: Rudy Giuliani is facing a potential contempt ruling today in NY that could result in severe consequences. It's only the start of a hellish month for him in the courts, including a second contempt hearing in DC next week. www.politico.com/news/2025/01 ...

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-- Kyle Cheney (@kyledcheney.bsky.social) January 3, 2025 at 6:05 AM

Comments

Stripped for parts. Priceless.

#1 | Posted by Dbt2 at 2025-01-02 08:40 PM

Mr Giuliani seems to be in a ~situation~ because at one point in time he kissed the ample hind-quarters of Pres elect Trump.

The curious thing about this to me is that Pres-elect Trump seems to be doing nothing, absolutely nothing, to help Mr Giuliani.

Why?


#2 | Posted by LampLighter at 2025-01-02 08:44 PM

OK, being in the local NYC media area, I had seen and heard of the apparent budding friendship of Pres-elect Trump and fmr Mayor Giuliani back in the day.

But in my searches, this one was a surprise...

Donald Trump 2000 presidential campaign
en.wikipedia.org

... New York real estate magnate Donald Trump announced the creation of a presidential exploratory committee on the October 7, 1999, edition of Larry King Live on CNN. Although Trump had never held elected office, he was well known for his frequent comments on public affairs and business exploits as head of The Trump Organization. He had previously considered a presidential run in 1988 as a Republican, but chose not to run.

For 2000, Minnesota Governor Jesse Ventura persuaded Trump to seek the presidential nomination of the Reform Party, which was fracturing despite achieving ballot access and qualifying for matching funds as a result of businessman Ross Perot's 1996 presidential campaign on the party's ticket.

Trump focused his campaign on the issues of fair trade, eliminating the national debt, and achieving universal healthcare as outlined in the campaign companion piece ...




Wow.

#3 | Posted by LampLighter at 2025-01-03 12:03 AM

He recounted how he and Andrew would each put one on for "a special Yankee occasion," like the team's last World Series win in 2009.

Pathetic.

#4 | Posted by Doc_Sarvis at 2025-01-03 06:36 AM

His suits still look pretty expensive. Wake me when he has to put them on consignment.

#5 | Posted by Hagbard_Celine at 2025-01-03 08:44 AM

If Trump helps those who aid and abet him, it might set a precedent?

#6 | Posted by hamburglar at 2025-01-03 08:51 AM

---- him, and ---- the Yankees, melt the rings down!

#7 | Posted by a_monson at 2025-01-03 01:55 PM

Trump willingly gave up his o-ring in Helsinki.

#8 | Posted by reinheitsgebot at 2025-01-03 04:17 PM

Make an example of him, or else all manner of MAGA-brained dolts will openly defy federal judges and the rule of law. US Marshals should drag Rudy to the jailhouse, pulling him by the legs so the former mayor can closely inspect every slab of sidewalk along the way...

#9 | Posted by catdog at 2025-01-03 05:04 PM

If memory serves me right, Rudy claims that he gifted the rings to his son so the rings are not his to give up, per the court order.

A convenient ruse to salvage the loss of his prized possession??

Probably, but can it be proven? His son backs up the story.

#10 | Posted by Twinpac at 2025-01-04 05:57 AM

Rudy Tries To Blame '9/11 Injuries' For Failure To Appear In Court

crooksandliars.com

Typical repug deadbeat.

#11 | Posted by reinheitsgebot at 2025-01-04 04:30 PM

@#10 ... Probably, but can it be proven? His son backs up the story. ...

Would such a gift count as income for his son? If so, did his son report it on his taxes?

#12 | Posted by LampLighter at 2025-01-04 04:33 PM

They should pull out his gold fillings and replace them with horse paste.

#13 | Posted by LegallyYourDead at 2025-01-04 09:31 PM

LAMP

I don't think "gifts" are considered income unless they're used to generate a profit. Although his homeowners insurance and property tax may go up.

Much like a fiance' might keep that half-million dollar diamond engagement ring after the breakup.

#14 | Posted by Twinpac at 2025-01-05 12:05 AM

@#14 ... I don't think "gifts" are considered income unless they're used to generate a profit. ...

I don't know either. That is why I asked.

Lemme see what a search engine shows up ...

Whoa, I was led right to the mouth of the beast ... (kudos to duckduckgo.com...)

Frequently asked questions on gift taxes
www.irs.gov

...

Who pays the gift tax?

The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.

...

What is considered a gift?

Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return.

...


Interesting.


#15 | Posted by LampLighter at 2025-01-05 12:20 AM

"I don't think "gifts" are considered income"

They are; they're just not taxable income ... at least not to the recipient.

In this particular case ... when things like bankruptcy or Medicaid are the issue, there's a look-back of a certain amount of time that is attachable. For example, you can't give away $10,000 right before you apply for Medicaid; there's a five-year look-back. Same thing for gifts before a judgment. If he gave the gifts, say, 10 years ago, then they're probably unreachable. But 10 months ago, absolutely.

#16 | Posted by Danforth at 2025-01-05 12:53 AM

If he gave the gifts, say, 10 years ago, then they're probably unreachable.

Article says it was in 2018.

#17 | Posted by REDIAL at 2025-01-05 01:04 AM

@#16

Interesting.

#18 | Posted by LampLighter at 2025-01-05 01:12 AM

It's his Precious!

Don't take Ghouliani's Precious!

#19 | Posted by donnerboy at 2025-01-05 01:37 PM

Suppose Rudy's son included the rings, or the collateral value of the rings to be sold, in an irrevocable trust fund for a chosen recipient for which the trust fund was established and redeemable at a time certain? Such as to pay for the marriage or collage of a child or grandchild.

An irrevocable trust is untouchable even by a court.

I don't speak for whatever the son did or didn't do but it's what I would do in the same circumstances, especially with Rudy for a father.

#20 | Posted by Twinpac at 2025-01-05 05:18 PM

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