Calvin Harris accuses a financial advisor to steal millions

Calvin HarrisThe Scottish Music Manufacturer and DJ, accused her financial advisor to steal $ 22.5 million to fund “Boondogleggle” Project of real estate in Hollywood.

Harris states that his advisor, Thomas Sveti John, encouraged him to invest in campus CMNTi Culture, the development of 460,000 square feet that was to include study studies, office spaces and art salons.

According to the arbitral demand, para. John, who served as Hurris’ financial advisor for 13 years, began to develop a project around 2020. years. Harris’ lawyers state that the project is low on money in 2023. years, and that St. Jovan turned to Harris in Harris.

Harris’ lawyers state that St. John did not give information about the project, but he just submitted documents to sign. According to demand, Harris – whose legal name is Adam Viles – a loan of $ 10 million to the project and investments in the amount of $ 12.5 million.

“To date, the applicant does not know where the applicant’s investments or what was used for” Harris “lawyer allegedly.” In any case, respondents did not intend to make the full value of their investment, distributions or otherwise. “

Shortly after investing investments, Harris states that Sveti John cited the company to distribute $ 11.7 million entity who is Saint John control. (Saint John, through his lawyers, denied this allegation.)

Harris’ lawyers introduce that investment in real estate was invested “in the best case of Boondoggle and, in the worst case, complete fraud”.

2024 The developers have announced that due to “moving market dynamics,” to continue a residential project on the site, which is on the corner of the sunset and Avenue Boulevard and the Avenue and Highland Avenue.

Lawyer of St. John, Sasha Frid, said in the statement Variety This Harris is one of several investors in the project, which will include 750 apartments in two 34 and 38 stories towers. Fried said the project will include 90 low-income units as well as outdoors, creative and retail spaces.

Harris “actively submitted this development opportunity,” Fried said. “Dissatisfied at the Pace Project, it has been following private arbitration that its dissatisfaction is not in secret real estate projects last longer to build. But it is completed. G. St. John denies.

Harris’ Lawyers state that $ 10 million loan should be worth until 31. January 2025. years, but that the main and interest still unpaid. According to the request, Sveti John stopped Harris advisor in April.

Harris has since asked for information on investing, but states that the answers were limited and unsatisfactory.

Harris’ lawyers also state that they learned soon after submission of arbitration demand that the financial situation of the project “exacerbates”. Through the arbitral process, the agreement received that the company would not disseminate its funds while the process is underway. Harrisa lawyers filed a petition on Friday in the LA Superior Court to confirm that agreement.