Is a Debt-Ridden Fox Guarding a Cash-Filled Henhouse?
Is John Pierce of Pierce Bainbridge P.C., an attorney with severe financial issues, running point on donations for Kyle Rittenhouse? Would the civil lawyer’s time not be better spent preparing for a criminal double-murder trial?
Kyle Rittenhouse is out of jail on $2 million bail per reports on November 20 2020. Donations related to the #FightBack foundation to raise funds in part for the Rittenhouse defense were reportedly at around $2.6 million as of September 28, 2020. Rittenhouse was bailed out almost two months later. What happened to the rest of the money? Has there been any legitimate transparency or accounting? Anything more than Twitter posts devoid of back-up; that is, purported information based on say-so? Interestingly, President Trump was recently sued for $2.5 million related to donations for the President’s election fraud crusade.
The #FightBack Foundation became news in late August. It was revealed a lawyer named John Pierce was involved, the Foundation immediately came under fire. The shambles of Pierce’s financial situation were exposed— Daily Beast, USA Today and Daily Mail — Pierce stepped off the #FightBack board. Yet, according to a Twitter post from a Donald J. Trump lawyer just today, look who is running point on handling #FightBack Rittenhouse donations from the general public.
Is John Pierce to be trusted? An illuminating list of Pierce issues is below. As you review the list, consider Pierce’s discretion: the same guy featured in that list, recently called out the Director of the Federal Bureau of Investigation (FBI) and the Director of the Central Intelligence Agency (CIA.)
The John Pierce Dossier
- $70 million law firm debt reported earlier this year
- $90,000 personally owed to Citibank as of November 2019, per a public filing
- $1 million+ in personal taxes owed as of November 2019, per a public filing
- $27,000 personally owed to his ex-wife’s mother as of November 2019, per a public filing
- $2.5 million essentially pilfered from a cash advance lender in Queens, New York in February 2020
- Repeatedly pledging the same collateral in exchange for millions in cash— purported future firm receivables
- Law firm sued by four cash advance lenders this year
- Law firm sued by five vendors of legal services this year
- $4 million money judgment against Pierce related entities entered in June
- Ex-client accused Pierce led firm of running a Ponzi Scheme
- Criminal lawyer asked if Pierce is perhaps running a Ponzi Scheme?
- Harvard Law School educated ex-wife said in court filings Pierce breached child support obligations.
- Two domestic violence restraining orders obtained by Pierce’s ex-wife since 2016.
- Lost his job at the K&L Gates law firm after physically assaulting a co-worker.
- Ex-wife said under oath that she feared Pierce would harm his own children.
- Law firm in on its fourth name in less than four years, in addition to the formation of a separate — fifth entity — John Mark Pierce Enterprises.
A Philadelphia lawyer has sued Pierce and his former co-named partners at Pierce Bainbridge Beck Price & Hecht LLP, James D. Bainbridge (Federal Trade Commission (FTC) issues in his past), Carolynn K. Beck, David L. Hecht and Max Price. The lawyer alleges that a publicly filed income statement that Pierce prepared suggests he “improperly diverted” funds from lenders or from Pierce Bainbridge accounts.
It’s also worth noting what perhaps can be viewed as honesty and integrity issues of individuals with whom Pierce has surrounded himself in the past. A cursory review of the conduct of some of Pierce’s long-time former partners who moved on pre-Rittenhouse is illuminating.
David L. Hecht, formerly of Pierce Bainbridge Price Beck & Hecht LLP, now with Hecht Partners LLP, has been accused this year alone of (i) lying to a federal court by an ex-associate, (ii) deceiving Hecht’s own ex-clients based on the sworn testimony of three of them, and (iii) “deceptively splicing messages” to fit a “false narrative” by ex-partners.
Carolynn K. Beck, formerly of Pierce Bainbridge Beck Price & Hecht LLP, now with Goldstein & McClintock LLLP, has been accused of suborning perjury and spearheading a fraud on the court, a sanctions motion is pending.
Additional ex-partners of Pierce Bainbridge Beck Price & Hecht LLP, Denver G. Edwards of Bradford Edwards & Varlack, and Christopher N. LaVigne of Withers Bergman / Withers Worldwide, lied under oath in May 2019 to do John Pierce’s bidding.
There is also a $65 million “Money Mystery” involving Pierce Bainbridge, litigation funder Virage Capital Management and Hecht Partners LLP which raises more questions about Pierce and money, particularly given the severe red flags.
And then there is the a lawyer for Oscar De La Hoya who two years ago warned Pierce about following the path of a lawyer who “ended up in jail.”
The same John Mark Pierce is directly handling cash money from the general public. Pierce’s is also calling out the FBI and the CIA.
Time will tell where this all ends up.