Pierce said he resigned from the #FightBack Foundation fund, which has raised money to defend Rittenhouse, to avoid any “appearance of conflict,” USA Today reported. Pierce and his firm, Pierce Bainbridge Beck Price & Hecht, have been accused of defaulting on millions of dollars owed to investors, according to court documents.
Pierce acknowledged in New York court documents earlier this year that he had failed to pay Karish Kapital $4 million for cash advances it had made to Pierce’s firm, which also has a much large payment of $65 million looming for another investor, the newspaper reported.
Pierce and Lin Wood, another attorney who has taken up high-profile cases championed by conservatives, started the fund in early August. The fund is described as a way to “bring lawsuits to check the lies of the left.”
Pierce has argued that Rittenhouse acted in self-defense when he shot the three people on Aug. 25 during a third night of protests over the shooting of Blake two days earlier, which was captured on cellphone video and posted online.
The Rittenhouse case has become a political flashpoint. During his Tuesday visit to Kenosha, President Donald Trump gave an account at odds with the one given by prosecutors, falsely implying that the teenager only shot the men after he tripped and they attacked him.
Wood, who now controls the foundation, said Pierce would be reimbursed for his work defending Rittenhouse.
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.