Napier folds, Gilmond hit with $2.1 million default judgment
Last we checked in with our stalwart Ponzi heroes, Gerry Napier and Trudy Gilmond were engaged in a united display of defiance.
Determined not to pay back their victims, the pair were refusing to attend court-ordered depositions and cooperate with the Receiver.
After repeatedly attempting to schedule the depositions, last month the Receiver gave up and approached the court for default judgement.
Up for $2.04 million if judgement was entered against him, Napier has since buckled and is now cooperating with the Receiver.
Gilmond still appears to be holding out, and for her efforts was slapped with a $2.3 million dollar judgement against her.
Specific details of what caused the united front Napier and Gilmond were putting on to collapse are unclear.
All we know, by way of an order dismissing the Receiver’s request for default judgement against Napier being rendered moot, is that
Napier has (since) appeared for a deposition and is cooperating in the production of documents.
Trudy Gilmond meanwhile is still carrying the Ponzi torch:
On May 11, 2015, the Court entered an Order directing Trudy Gilmond to personally appear before the Court on May 27, 2015 at 11:00 a.m. to show cause why judgment should not be entered against her as requested by the Receiver.
Ms. Gilmond failed to appear as directed. Indeed she advised the court by letter that she refused to do so.
What does writing a letter directing a court to shove their appearance request you know where get you?
It is therefore ordered that the Receiver’s Motion is granted and judgment is hereby entered against Defendants Trudy Gilmond and Trudy Gilmond LLC in the amount of $2,129,522.27.
Job well done Ms. Gilmond.
And while Napier might have bought himself a little more time for now, sooner or later he’s going to have to pay back what he stole too.
One step closer…
Footnote: Our thanks to Don@ASDUpdates for providing a copy of Judge Mullen’s May 28th Order of Default Judgment against Trudy Gilmond and denial of the Receiver’s Motion for Default Judgement against Gerry Napier.