Rick Jackson Controls GloriFi Bankruptcy Suits Involving 6-Plus GOP Billionaires
Updated
Updated · The New York Times · Oct 23
Rick Jackson Controls GloriFi Bankruptcy Suits Involving 6-Plus GOP Billionaires
1 articles · Updated · The New York Times · Oct 23
Summary
Rick Jackson, a Georgia Republican gubernatorial candidate, now decides who gets sued in GloriFi’s Texas bankruptcy fight after putting millions more into the failed company last year.
GloriFi, launched in 2022 as an “anti-woke” bank for MAGA-leaning customers, collapsed quickly and filed for bankruptcy in 2023, leaving scores of creditors and a tangle of litigation.
The court battle pulls in more than half a dozen Republican billionaires tied to the venture, whose investors included Peter Thiel, Ken Griffin, Jeff Sprecher and Ohio candidate Vivek Ramaswamy.
Recent Georgia polls show Jackson deadlocked with Democrat Keisha Lance Bottoms, while ethics experts say his control over claims against creditors could create serious conflicts if he becomes governor.