Bill Cosby In ‘Financial Turmoil’ From Sexual Assault Lawsuits
Bill and Camille Cosby are reportedly in "financial turmoil" due to all the civil lawsuits the disgraced comedian faces.
Bill and Camille Cosby are reportedly in “financial turmoil” and liquidating their assets to deal with all the civil lawsuits the disgraced comedian is still facing.
Cosby was released from prison in 2021 after the Pennsylvania Supreme Court overturned his 2018 conviction for sexual assault. But his legal troubles are far from over, considering the long list of women who have accused him of sexual assault.
As a result, Cosby, 86, is living in ‘financial ruin’ with his wife, who has remained by his side through it all. Insiders say the Cosbys are “taking out second mortgages” and “selling off their artwork” due to their money woes, Radar Online reports.
The Cosbys are in a “bad situation financially” due to all of the civil lawsuits “The Cosby Show” star keeps getting hit with. The money woes are causing “major issues” for the couple, with Camille reportedly being unwilling to make lifestyle changes to help their situation.
“It’s never going to end,” one source says of Cosby’s multiple lawsuits in various states.
In addition to the lawsuits, Cosby reportedly owes back taxes totaling $650K for the 2019 and 2020 tax years. The “I Spy” star has been hit with two tax liens, one for $88,566.88 and the other for $559,573.77, according to the outlet.
Last year, Cosby was ordered to pay $500K in damages to Judy Huth after a California civil jury found him guilty of assaulting her at the Playboy Mansion in 1975 when she was just 16. In June, Cosby was sued by nine more women in the state of Nevada who all accused him of sexual assault, NBC News reports.
The suit accuses Cosby of using his “enormous power, fame, and prestige” to isolate and sexually assault the nine women named in the suit. Among the plaintiffs include veteran model Janice Dickinson, Lise-Lotte Lublin, Janice Baker Kinney, Lili Bernard, Heidi Thomas, Linda Kirkpatrick, Rebecca Cooper, Pam Joy Abeyta, and Angela Leslie.
The disgraced comedian has been publicly accused of sexual assault and misconduct by more than 60 women. Many of the allegations are decades old but have been revived as states change statutes around sexual misconduct cases.