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This is how Erika Jayne allegedly spent $25 million loan from Tom Girardi’s law firm

This is how Erika Jayne allegedly spent $25 million loan from Tom Girardi’s law firm

Erika Jayne NYLON's Midnight Garden Party At Coachella Presented By Ketel One Botanical

When Erika Jayne said she just used credit cards on a recent episode of the Real Housewives of Beverly Hills she was not kidding.

Page Six reports that Jayne’s company spent more than $25,000,000 on her American Express bill, assistants, and a glam squad, according to a legal demand letter sent to her lawyer on Thursday (Aug. 19, 2021).

The $25 million was transferred from her estranged husband Tom Girardi’s law firm to Jayne’s company, EJ Global LLC, of which she is the sole owner.

Erika Jayne Marc Jacobs Spring 2020 Runway Show - Front Row
Erika Jayne attends the Marc Jacobs Spring 2020 Runway Show at Park Avenue Armory on September 11, 2019 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Marc Jacobs)

Ronald Richards, a lawyer representing the trustee, told Page Six in a statement that Jayne owes Girardi Keese (Tom Girardi’s law firm) over $28 million for her purchases plus interest.

Jayne’s attorney responded by saying “no money whatsoever went to Erika,” and that she never had a role in managing her husband’s company.

How did Erika Jayne allegedly spend that $25 million?

Apparently, all the loaned money has been spent. According to the trustee’s lawyers, from 2008 to 2020 here is a breakdown of the charges:

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  • $14,259,012.84 was charged to an American Express card
  • Her company spent $1,532,774.88 at the McDonald Selznick Associates Agency (an agency dedicated to represent dancers and choreographers)
  • $1,417,587.50 on unknown purchases
  • Jayne’s company also allegedly gave Stephanie Shepherd, who used to be Kim Kardashian’s executive assistant, $102,596.77
  • The company paid Opus Beauty (an influencer agency) $17,415 from her LLC
  • Mario Dedivanoic, better known as Makeup by Mario, received $1,000
  • Billboard and The Hollywood Reporter publisher E5 Global Media received $8,480,
  • Los Angeles Times Magazine was paid $10,400
  • Jayne also appears to have paid various public relations groups high sums of money from the account among other charges

“It is immaterial whether she knew her husband had improperly diverted funds from clients,” Richards’ statement said. “What is relevant is that she received complete and total value for the receivable and a formal demand for payment was sent. We are hopeful she backs up her on-air statement last night that the victims come first.“

This is how Erika Jayne allegedly spent $25 million loan from Tom Girardi’s law firm 1
Erika Jayne attends the front row for Christian Cowan during New York Fashion Week: The Shows at Gallery II at Spring Studios on September 10, 2019 in New York City. (Photo by Bennett Raglin/Getty Images for NYFW: The Shows)

Jayne’s attorney, however, told Page Six in a separate statement that “Erika never had and does not have personal liability for any debts or obligations of EJ Global LLC, period.”

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