Bill Cosby’s finances remain under intense scrutiny as attorneys search for the money needed to satisfy a nearly $60 million civil judgment.
New court filings accuse the 89-year-old entertainer of liquidating valuable assets and moving millions of dollars through businesses connected to his family.
Is Cosby Dodging Payment?
According to Radar Online, attorneys representing Donna Motsinger claim the transactions were part of a years-long effort to place his fortune beyond her reach.
Five months ago, a California jury found Cosby liable for drugging and sexually assaulting Motsinger in 1972. She was awarded $59.25 million. Her legal team says Cosby has ignored repeated demands for records disclosing his assets, and they’re now asking the court to help trace the money before it becomes harder to collect.
“The asset (financial records) are urgent. The Cosbys have been rapidly liquidating assets and then dissipating the cash from the sale,” Motsinger’s legal team reportedly wrote.
The filings identify 23 wire transfers totaling more than $32.1 million, allegedly paid by M. Hanks Gallery Inc. — founded by Camille Cosby‘s brother, Erik Hanks — into Cosby-controlled entities. From there, attorneys claim, the funds were swept through a further entity into a personal account and paid out to insiders, family members, and obligations.
The transactions reportedly involved pieces from the Cosbys’ prominent African art collection. Proceeds allegedly passed through several corporate entities before reaching a personal account, with some money going to relatives and insiders and other funds used to satisfy separate obligations.
The filings also accuse Camille of withdrawing roughly $1.7 million from a bank account and depositing it into the Erika Cosby Trust, established for the couple’s 61-year-old daughter. Subpoenaed bank records reportedly uncovered another sizable transfer — an estimated $5 million into an account belonging to Cosby’s estate manager.
“Based on subpoena responses from banks, it is clear that Cosby has liquidated his assets in the past six years,” Motsinger’s attorneys contend.
Those claims remain allegations. A judge has not ruled that Cosby fraudulently concealed his assets. Still, Motsinger’s lawyers want the court to locate and track the disputed funds, and may seek to freeze the money before it can be moved again.
The filing follows years of financial scrutiny surrounding Cosby’s property and debt.
In April, he cut the asking price of his historic Manhattan townhouse to $5.99 million, down from $6.75 million — a reduction of more than $750,000.
The East 61st Street property was pulled from the market in July. Cosby bought the roughly 5,000-square-foot townhouse, located in Manhattan’s Treadwell Farm Historic District, for $1.2 million in 1980. It has six bedrooms, six bathrooms, a red oak staircase, a residential elevator, and a private backyard.
The townhouse was previously at the center of a foreclosure dispute: CitiMortgage alleged Cosby defaulted on a $4.2 million loan, with more than $3.7 million reportedly owed after fees.
Simultaneously, First Foundation Bank filed a foreclosure suit over the Cosbys’ East 71st Street residence — known as the Luyster Mansion — alleging $17.5 million in defaulted debt and over $300,000 in unpaid property taxes.
To resolve the suit, they listed the historic Upper East Side property for $29 million, ultimately selling it for $28 million in late 2025.
Cosby’s legal pressure intensified in May when Los Angeles County Superior Court Judge Bradley S. Phillips denied his motion for a new trial, upholding the $59.25 million civil judgment.
It includes $17.5 million in past damages, $1.75 million in future damages, and $40 million in punitive damages, after jurors concluded Cosby acted with “malice, oppression, or fraud.”
“This verdict is not just about me — it’s about finally being heard and holding Mr. Cosby accountable,” Motsinger said. “I have carried the weight of what happened to me for more than 50 years. It never goes away.”
Cosby’s attorneys maintain the trial was unfair and plan to appeal the decision. His 2018 Pennsylvania criminal conviction was overturned in 2021 over a due-process violation — a ruling that barred future prosecution but did not declare him innocent.
Motsinger waited more than 50 years for a jury to hear her case. She secured a historic judgment, but collecting it may become another costly legal battle.
