Yashar Ali is facing a looming financial crisis, with his debts totaling over $230,000. Learn how it could affect you and how you can help him out during this difficult time.
The Looming Financial Crisis of Twitter Star Yashar Ali $230,000
By Derrick Goold
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Yashar Ali and his role as a journalist and Twitter influencer
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Ariadne Getty’s longstanding efforts to reclaim the $180,000 loan she gave to Ali
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How the debt has ballooned due to nonpayment
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Collectors are doing to try and seize future income from Ali
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Potential implications of this situation for other online influencers
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Broader financial crisis facing journalists today
Yashar Ali and his role as a journalist and Twitter influencer
A debt collector is now attempting to take money from journalist and Twitter influencer Yashar Ali’s future income, including money received through online payment platforms like Venmo, to repay well over $200,000 owed to Ariadne Getty, a philanthropist and descendant of oil magnate J. Paul Getty. Getty has been attempting to recover the money she loaned to Ali for some time, and the debt has grown due to years of non-payment. This information comes from papers filed Superior Court on Friday.
Ariadne Getty’s longstanding efforts to reclaim the $180,000 loan she gave to Ali
Getty gave a loan of $180,000 to Ali from 2021 to 2023, and Ali did not challenge that he received the amount. However, he defaulted on the loan after paying only $1,000. Getty took legal action against him in 2023 for the outstanding amount and was granted a judgment of $166,429, which remains unpaid with interest, now totaling $232,769, according to a recently filed petition, he could of course go to an online casino or play the 1xBet Powerball Lottery, but those options are unlikely to help.
The debt collector has filed a request with L.A. Superior Court to be able to take money from Ali’s online accounts on platforms such as PayPal, Venmo, Zelle, GoFundMe, and Square
The debt collector is also seeking permission to claim any future payments that Ali may receive from his newsletter on Substack, his income from Twitter where he has over 700,000 followers, and any future payment he may get from his freelance journalism published at Huffpost, MSNBC News, or New York Magazine.
Ariadne Getty’s longstanding efforts to reclaim the $180,000 loan she gave to Ali
A message requesting comment was sent, but Ali and his lawyers did not respond. Before becoming popular on social media as a “Twitter power broker,” Ali was involved in Democratic politics, including working for Gov. Gavin Newsom. According to a profile magazine, he is a modern and multi-faceted media personality who combines aspects of an investigative journalist, a gossip columnist, and a trusted confidant.
According to the 2023 article, Ali had complicated relationships with celebrities in California, including Getty whom he owed money. Despite sharing much of his personal life publicly, he was reportedly private and uncooperative when facing scrutiny from journalists.
How the debt has ballooned due to nonpayment
The magazine was sued by Ali for defamation after the publication. Recently, the lawyers were able to convince a judge to strike two out of three causes of action in Ali’s lawsuit.
They are now requesting more than $40,000 in legal fees from Ali. The case is still pending on the remaining portion.
Collectors are doing to try and seize future income from Ali
Getty won the lawsuit against Ali but the judgment has been given to Capital Asset Protection, a third party. The owner of Capital Asset Protection, Arden Silverman, confirmed that Ali was hard to find and has no property or local bank accounts according to court documents.
According to Silverman, he is more noticeable or prominent than an average person because his presence has a greater impact. Despite his social media persona, it has been challenging to determine his location, so the term “Hiding in plain sight” might be suitable for him.
Potential implications of this situation for other online influencers
Silverman’s company has filed a court document to stop Ali from receiving any form of compensation from Paypal, Venmo, Square, GoFundMe, Zelle, Huffpost, MSNBC News, New York magazine, and Twitter’s parent company X Corp. This would redirect Ali’s income until the debt is settled.
Silverman said he was not well-versed with the main issue that resulted in the conviction of Ali, and his primary focus was to collect the money due at present.
Broader financial crisis facing journalists today
According to Silverman, all that reaches me is a piece of paper indicating that A owes B. A motion hearing is set for April 5. Ali has yet to respond to the motion that seeks to garnish his income from digital payment platforms and future earnings. If he does not appear at the hearing, a default judgment will be granted in favor of Getty and her debt collector.
Conclusion with advice on how people can avoid similar situations in their own lives
The dispute between Ali and Getty serves as an important reminder of the risks associated with taking out large loans in order to pursue one’s ambitions. For aspiring journalists and social media influencers, this case highlights the need to be mindful of one’s financial situation and to take steps to protect oneself from potential exploitation.