Major Democrat donor tied to Biden indicted for allegedly embezzling millions from suffering clients

A high-profile former lawyer who donated big money to Democrats and hosted a fundraiser for President Biden was indicted by federal grand juries on Wednesday in two states for allegedly embezzling more than $18 million from legal clients.

The Justice Department announced that Tom Girardi, 83, was charged in Los Angeles with five counts of wire fraud, which carries a maximum 20-year federal prison sentence. According to prosecutors, the charges were part of an indictment accusing him of embezzling more than $15 million from clients and using the funds to cover his law firm's payroll and pay his personal expenses.

The case also includes charges against Christopher Kamon, the former chief financial officer of Girardi's LA-based law firm, Girardi Keese, indicating they "devised, participated in, and executed a scheme to defraud victim clients" until the firm collapsed in late 2020.