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The Finance Base
bankruptcy

What Tom Girardi’s Guilty Verdict Means for Erika Girardi

Tom Girardi’s federal conviction concerned his conduct. Erika Girardi faced a separate civil bankruptcy lawsuit, reported settled confidentially in 2026.

By TheFinanceBase Team 2 min read
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Tom Girardi’s 2024 guilty verdict was against Tom Girardi—not his wife, Erika Girardi. A federal jury convicted him of four wire-fraud counts tied to clients’ settlement money. Erika’s reported legal exposure came from a separate civil lawsuit brought in Girardi Keese’s bankruptcy, which Bloomberg Law reported settled in 2026 on undisclosed terms.

What the federal jury decided

In August 2024, a federal jury found Tom Girardi guilty on four counts of wire fraud. The U.S. Department of Justice said the scheme involved taking money owed to clients from settlements and using firm funds for illegitimate expenses. The verdict established Girardi’s criminal responsibility for those counts; it was not a verdict against Erika.

The DOJ also said more than $25 million from Girardi Keese’s operating account paid expenses for EJ Global, a company formed by Girardi’s wife in connection with her entertainment career. That account of payments does not, by itself, establish that Erika knew about or participated in the criminal scheme. The DOJ’s case and verdict concerned Girardi.

What does the verdict mean for Erika?

It does not mean Erika was convicted or found criminally responsible. A payment connected to a spouse or company may be relevant in a separate recovery dispute, but evidence of a transfer is not itself a criminal judgment against the recipient.

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The DOJ described U.S. Attorney Martin Estrada’s reaction as: “Today’s verdict shows that the game is up – we can all now see this defendant for what he was and the victims he callously betrayed.” That was a prosecutor’s statement about Girardi, not a judicial finding about Erika.

Erika’s separate civil case

After Girardi Keese entered bankruptcy, the trustee pursued a civil suit against Erika seeking approximately $25 million. That proceeding was separate from the federal criminal prosecution: the trustee’s claim concerned recovery of funds, while the federal jury decided whether Girardi committed wire fraud.

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Bloomberg Law reported in 2026 that the trustee’s suit against Erika settled confidentially. The reported terms are undisclosed. The available report does not establish a settlement amount, an admission of wrongdoing, or the final docket entry, so none should be inferred from the settlement report.

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Girardi’s sentence does not decide Erika’s civil exposure

In June 2025, Girardi was sentenced to 87 months in federal prison. The Associated Press also reported a $35,000 fine and $2.3 million in restitution. Those criminal penalties concern Girardi’s case; they do not resolve the trustee’s separate claims against Erika or disclose the terms of her reported settlement.

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How the proceedings differ

Matter Who was involved What it concerned Reported outcome
Federal criminal case United States v. Tom Girardi Wire fraud involving client settlement money and firm funds Girardi was convicted on four counts in August 2024 and sentenced to 87 months in June 2025.
Bankruptcy trustee’s civil suit Girardi Keese bankruptcy trustee and Erika Girardi A claim seeking approximately $25 million in connection with funds associated with EJ Global expenses Bloomberg Law reported a confidential settlement in 2026; terms undisclosed.

What remains unknown

  • The confidential settlement’s financial terms and whether it included any admission are not established by the reported account.
  • The reported settlement alone does not establish the precise final court disposition.
  • No appeal status is established here; the sentence and verdict should not be treated as confirmation of a current appellate status.

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