James Franco's ex-manager being sued for allegedly stealing from the actor
In this Aug. 25, 2013 file photo, actor James Franco arrives at the Comedy Central Roast of James Franco at The Culver Studios, in Culver City, Calif. (Photo by Dan Steinberg/Invision/AP, file)
Published Friday, April 18, 2014 9:35PM EDT
James Franco's ex-manager is being sued for allegedly stealing from the actor for eight years.
Miles Levy, who represented the 'Oz the Great and Powerful' star for 20 years until last year, has been accused by his former business partners, Randall James and Kenneth Jacobson, of diverting the actor's commissions to one of his own companies between 2006 and 2013.
They claim that Levy informed them the star was reducing their commissions from 15 percent to 10 percent in May 2006, but later discovered James "had never directed any such thing," and Levy diverted the five percent difference to his other company Down Goes Frazier.
Court documents - filed on Friday (18.04.14) in Los Angeles Superior Court - also state that Levy made "substantial" personal credit card charges on a card provided to him by the 35-year-old star, according to Variety.com.
James' financial manager, Steven Blatt, and his accounting firm, Tanner & Mainstain, were also named in lawsuit, which claims Blatt helped Levy set up the side venture "for the sole purpose of facilitating this theft."
The 'This Is the End' star fired Miles as his manager last September and reached a confidential settlement with him in December.