1/11 -Rudy Giuliani, Russia

-First: Big Time Daily Beast

-Second: Is it All Connected?

-Rudy, John Pierce, Pierce Bainbridge (PB), Virage Capital.

-Story time...

-Big names, $$$ , oddities,

- Rudy, Oligarch, Gabbard, $$$...trail begins... https://www.thedailybeast.com/john-bolton-warned-staff-to-stay-away-from-russia-aligned-rudy-giuliani

2/11 - Mar 2019. Pravati declares $9.1M default on PB, Pravati had loaned PB $$$ to pursue litigation since 2017.

- Apr 2019. Virage Capital - Houston based lender comes in, loans for litigation too.

- Virage "reportedly" pays off the Pravati $9M and gives PB ~$20M more

3/11 - - Virage principals:

- Ed Ondarza (ex Enron)

- Martin Shellist

- Burke McDavid

- (Virage funded another lawyer who reportedly has FBI in his life)

- Oct '19. 6 Sr. partners quit PB.

- One Deborah Renner, she helped unwind Madoff fraud. Quit PB in less than yr.

4/11 - Oct 2019. Giuliani says he needs money

- Lawyers exodus at PB begins.

- PB had 70 lawyers in Sept 2019, by May 2020, about 5.

- Reports of corruption, accusations of Ponzi Scheme,

- John Pierce, Rittenhouse lawyer now, major tax liens surface.

5/11 - Rumblings of Pierce substance abuse

- Accusation of fraud.

- Nov 2019. rumors the Virage tens of millions from April are drying up.

- Nov 2019. Giuliani tweets he hired PB, 2 weeks after he said he "needed some money."

- Nov 2019. Virage provides PB w/ more funding

6/11 - Virage new infusion is one week after Rudy signed up.

- PB has lawyers leaving, accusations flying, first funder Pravati declared default, ran through first Virage tranche fast.

- Nov '19. Virage apparently unfazed, reportedly funds millions more

7/11 - Jan 2020. PB files a loser suit for Tulsi Gabbard v. Hillary Clinton

- Jan 2020. PB files a loser suit for Carter Page re: Steele Dossier

- Apr 2020. Reports PB owes Virage $65M

- $65M debt in one-year. From funds to pursue litigation, yet PB won zero cases during yr

8/11 - During the year of the $65 million debt PB ties to....

- Michael Avenatti

- Rudy Giuliani

- Carter Page,

- Tulsi Gabbard

- Russian Oligarch - Sergey Grishin

- Marc Mukasey

- Robert Costello

- Harmeet Dhillon (Trump fundraiser, lawyer)

9/11 - $65 million debt racked up in a year

- Firm essentially cratered.

- Pierce now with Rittenhouse

- Why did Virage Capital pour so much money into a firm that seemingly kept losing?

- Did Virage do diligence?

- Is something else going on?

- Houston-based

10/11 - Former Enron guy...

- A Virage LLC connected to Caymans.

- How did PB burn tens millions w/ attys leaving in droves?

- Big names - Millions and Millions for litigation

- But only 1 trial win in 3+ years for $500K

- Whats your take?

- What is going on?

- Video next

11/11 - Bonus Video...If you made it this far...

- Great summary.

- Watch it!

- Firm was run by John Pierce - name partners Carolynn Beck (Goldstein & McClintock), David Hecht & Max Price (both Hecht Partners) and James D. Bainbridge. https://twitter.com/DonLew87/status/1287574099980582912