A new lawsuit filed against the organizers of the disastrous Fyre Festival accuses them of staging “a massive Ponzi scheme.” New paperwork in a class-action lawsuit filed by LA lawyer Mark Geragos describes the festival as “a get rich quick scheme” and indicates that he is investigating “Seed Series” investors to find out if they were also defrauded or were in on the ruse. Page Six can reveal …
“We had no involvement in operating the business or the conception or execution of the Fyre Festival,” the spokesman said, adding they “unequivocally disavow the handling of the situation in the strongest possible terms.” The suit explains that “Seed Series” investors normally have active “roles, involvement and control over the new company,” saying they are under investigation and will be …
The first red flag should’ve been Stan Lee’s involvement with something new. A Santa Monica judge has ruled in favor of a company that was defrauded for $500,000 by a producer who tricked it into investing in a bizarre failed marketing scheme for the National Hockey League. Filmula Entertainment was approached by Aldo LaPietra in 2012, with promises that the NHL’s “Guardian Project”—a Stan Lee- …