Thursday, September 23, 2021

23 September 2021: Cuomo Shielded $1 Million of His Book Advance

Cuomo Shielded $1 Million of His Book Advance

This report isn't news to regular timeline readers, but it is news to Political Wire's Taegan Goddard:

“More than $1 million that former New York Gov. Andrew Cuomo (D) earned from a book trumpeting his response to the coronavirus pandemic will likely be protected from potential lawsuits brought by women whose allegations of sexual harassment pushed him to resign last month,” Law 360 reports.

“That’s because the disgraced Democrat put about a fifth of his $5.1 million book deal into a trust for his three daughters, likely shielding the money from future creditors.”

If you think about it, whether his daughters keep the money will say volumes about their personal ethics and integrity.

Here is additional background information from the timeline, where earned some bragging rights for our 18 May 2021 analysis, which was the first to explain what Cuomo was seeking to achieve by putting $1 million of his book deal proceeds into the trust for his three daughters:

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