Did James Franco's ex-manager steal from him?

2014-04-19 18:00
 
James Franco

Los Angeles - 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% to 10% 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 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.

Read more on:    james franco  |  celebrities

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