Giuliani’s Financial Backing Withdrawn by Billionaires Langone and Cooperman

Former New York City Mayor Rudy Giuliani, who served as an attorney for former President Donald Trump during challenges to the 2020 election results, is facing difficulties in receiving financial assistance for his legal bills. Giuliani, known for his successful 2008 presidential campaign that raised over $60 million, is finding that many of his previous big-money donors are unwilling to support him as he defends Trump and faces his own legal issues. Despite Giuliani’s recent court filing stating his struggles to pay his legal fees, supporters from his past campaign are distancing themselves from him. Prominent figures such as Leon Cooperman, Ken Langone, and Brian France have all confirmed that they will not be contributing to Giuliani’s defense fund. Another anonymous Wall Street veteran who donated to Giuliani’s campaign echoed these sentiments, expressing no intention to help him financially. While Giuliani’s advisor, Ted Goodman, addresses these concerns by highlighting Giuliani’s accomplishments as a prosecutor and mayor, it remains unclear who is currently contributing to Giuliani’s legal fees. Giuliani himself is taking matters into his own hands by fundraising through social media platforms and planning events with his son and Trump. Despite raising over $7 million through Trump’s political operation, none of the funds have been allocated to Giuliani’s legal fees so far. To alleviate his expenses, the former mayor has put his $6 million New York City apartment up for sale. Additionally, Giuliani is facing civil cases that will further impact his finances, including a default judgment requiring him to pay $133,000 in sanctions. While some past donors, like John Catsimatidis, have pledged to assist Giuliani, overall, there seems to be little outside support from wealthy individuals. Republican fundraisers have also indicated a lack of interest from their clients in providing financial aid to Giuliani. One anonymous individual remarked that although Giuliani should be honored for his contributions to the city, his current situation has made him a figure of ridicule among donors.

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