Rudy Giuliani must give defamation victims an apartment, Mercedes and watches

Donald Trump's former lawyer Rudy Giuliani must hand over his swank Manhattan apartment, his Mercedes-Benz collector car and a host of other treasures as part of the nearly $150 million judgment he owes to two women he married a federal judge ruled on Tuesday that he had defamed the 2020 election.

The list of luxury valuables Giuliani will soon lose also includes items signed by Yankees baseball legends Joe DiMaggio and Reggie Jackson, a diamond ring and more than two dozen watches.

Some of these assets are irreplaceable. For example, the 1980 Mercedes previously belonged to famous actress Lauren Bacall, and one of the watches belonged to Giuliani's grandfather. Another watch was given to Giuliani by the French president after the terrorist attacks of September 11, 2001, when Giuliani was mayor of New York City.

Giuliani has seven days to turn these and other items over to a receivership controlled by former Georgia election officials Ruby Freeman and Wandrea “Shaye” Moss, Manhattan federal judge Lewis Liman ruled.

Giuliani has repeatedly targeted the two women with false claims of voter fraud as part of his efforts to overturn Trump's loss to President Joe Biden in the 2020 election.

Freeman and Moss sued Giuliani for defamation. In December, a federal jury in Washington, D.C., ordered the former mayor to pay more than $148 million in punitive damages, as well as charges of infliction of emotional distress and defamation.

Giuliani filed for Chapter 11 bankruptcy to protect himself from sudden financial ruin, but a New York federal bankruptcy judge dismissed his case.

Giuliani has appealed the defamation ruling to the U.S. Court of Appeals for the D.C. Circuit, where the case is still pending.

He has not yet paid any of the nine-figure defamation judgment against him, and he has not received a court stay that would allow him to delay paying off this massive debt, Liman wrote in Tuesday's order.

Liman granted campaign officials' request for an “immediate sale” of Giuliani's shares in his penthouse apartment on Manhattan's posh Upper East Side.

Attorneys for Freeman and Moss had noted in an earlier court filing that “Mr. Giuliani had listed the New York apartment for $5.7 million before he filed for bankruptcy.”

Meanwhile, the fate of Giuliani's condominium in Palm Beach, Florida, will not be determined until a court hearing on October 28th.

Liman also allowed the plaintiffs to assert a debt that he said Giuliani still owes for his work after the 2020 election, totaling about $2 million that the Trump 2020 campaign and the Republican National Committee do not have paid.

Giuliani had asked that a decision on the claim for unpaid legal fees be delayed until after the Nov. 5 election, out of concern that Freeman and Moss could use “this assignment for an inappropriate, political” purpose that would create unnecessary “media hype.” triggered.

Liman resisted this request.

“The deep irony reflected in the defendant’s alleged concern was not lost on the court,” the judge wrote.

“By his own admission, defendant defamed plaintiffs by perpetuating lies about them. “Defendant’s lies cast unwarranted doubt on the integrity of the vote counting in Fulton County, Georgia, immediately following the 2020 presidential election.”

Giuliani had tried to protect some of his unique pieces from being sold, including his grandfather's watch. The plaintiffs' lawyers had offered to exclude this watch from the collection if Giuliani could prove that its value would not exceed the exemption limit of $1,000.

But “he didn’t do that,” Liman wrote Tuesday, and that’s why “the clock needs to be turned back.”

Other items could also have “sentimental value” for Giuliani, the judge wrote. “But that does not entitle the defendant to continue using the assets to the detriment of the plaintiffs, to whom it owes approximately $150 million.”

Aaron Nathan, an attorney for Moss and Freeman, said in a statement Tuesday: “The road to justice for Ruby and Shaye has been long, but they never hesitated.”

A spokesman for Giuliani did not immediately comment when contacted by CNBC.