The Pierce Bainbridge lawyer’s dodgy finances continue to cause problems. A television interview John M. Pierce did this morning raises additional concerns.
The lawyer for Kyle Rittenhouse has already suffered two very public defeats tied to his mess of a financial situation. The Harvard Law School educated John M. Pierce stepped down from the Board of the #FightBack Foundation months ago, which was raising funds in part for the Kenosha shooter. Now, Pierce has stepped away from the Rittenhouse criminal defense just hours after the Wisconsin prosecutor said Pierce’s involvement with donations provided “ample opportunity for self-dealing and fraud.” Then, the next morning, today, Pierce was on TV with Wendy Rittenhouse soliciting money yet again, stating “we need millions of dollars more for [Kyle’s] legal defense.” What is going on?
The Wisconsin prosecutor’s scathing submission was filed yesterday and said the Los Angeles based Pierce should not be allowed to practice law in Wisconsin. A similar opposition was filed against Pierce in New York months ago. As in Wisconsin, Pierce turned tail quickly and withdrew his application to practice as an out-of-state attorney. Both filings are short — Wisconsin & New York — and both are must reads. The wreckage of Pierce’s financial situation is breathtaking.
A video clip of Pierce soliciting money from the general public this morning through an entity other than #FightBack speak for itself.
Here is the video.
Is this above board?
It’s worth keeping in mind that, according to a firm spokesperson, Pierce was placed on a leave of absence in around March related to “personal use” of funds. Pierce now claims his own firm’s spokesperson’s statement is not true.
Similarly, in August 2019, a Forbes reported Pierce had been accused of financial self-dealing.
In addition, Pierce and his firm, Pierce Bainbridge Beck Price & Hecht LLP (“Pierce Bainbridge”), also repeatedly pledged the same collateral in exchange for millions in cash. Repayment obligations were not fulfilled, and at least four cash advance lenders sued Pierce Bainbridge and related entities, including, in certain instances, John Mark Pierce Enterprises. (A 90-second video covers severe financial issues at Pierce Bainbridge. A $65 Million “Money Mystery” with Pierce Bainbridge, Virage Capital and Hecht Partners covers more odd financial activity.)
Furthermore, Pierce, in his firm’s name, essentially pilfered $2.5 million from a payday lender in Queens, New York in February. A $4 million money judgment has been entered against the firm and related entities.
Lots of financial issues going with John Pierce. Perhaps a pattern is developing of Pierce involving himself in money raising issues and withdrawing only after troubling issues are exposed.
Is John Pierce on to the next?
Is Pierce playing a game of catch-me-if-you-can?
Is Pierce’s conduct ethical?
Is Pierce’s conduct legal?
We leave it to you decide.
Addendum: Rudy Giuliani hired Pierce Bainbridge Beck Price & Hecht LLP for Ukraine. The firm was corrupt and splintered months later. The conduct of Pierce and certain of his former partners is the subject of “Gangland Tactics or Aggressive Lawyering?” It is a fascinating read.