Alyssa Milano has filed a $10 million lawsuit accusing her former business manager of severe misconduct that caused her to spiral into a financial disaster.
The suit accuses accountant Kenneth Hellie and his firm, Hellie, Hoffer & Co., of forging her signature on checks, failing to pay overdue bills and taxes, and inducing her to make bad investments in businesses in which he was also an investor, without disclosing the conflict.
Hellie’s actions, according to the suit, left Milano and her husband, talent agent David Bugliari, “with millions of dollars in debt and their credit in ruins.”
The suit was filed Friday in L.A. Superior Court in Van Nuys. Reached by phone on Saturday, Hellie declined to discuss the specifics.
>>84033062
KAT FIGHT
KENNETH'ED
Is this how you get rid of teen steam?
Depp is currently engaged in a legal war with his former managers, who have accused him of destroying his finances through reckless spending. Depp contends that his managers engaged in “gross misconduct” and has sued for $25 million.
“We anticipated this defense,” said Milano’s attorney, Ellyn Garofalo, a partner at Liner LLP. “Nothing could be further from reality. Alyssa and David live a relatively modest lifestyle centered on their family. It is unfortunate that Mr. Hellie finds it appropriate to blame the clients who trusted him rather than take responsibility for his own negligence and misconduct.”
Milano alleges that her financial woes began with a “home improvement debacle.” Milano says that Hellie’s poor oversight of the remodeling job caused costs to spiral. She ended up spending $5 million, though the home is worth no more than $3 million. She also says her accountants failed to notify her of Ventura County building code violations, which lingered for more than five years, resulting in a lien and $376,950 in fines.
The overspending on the renovation project led to other financial difficulties. In February 2016, Milano received a notice of default due to an unpaid mortgage payment. Milano says she learned that eight mortgage payments were late in a 13-month period. The late payments and the lien damaged her credit score to the point where she was unable to refinance her home to pay off debts, she alleges.
Milano alleges that her business manager also failed to pay her federal income taxes in 2013 and 2014, instead funneling money into the remodeling project, incurring penalties and interest. Milano says her employees also complained of late payments, and that Hellie failed to pay her employees’ taxes.
Why wouldn't she just pay her own bills and file her own taxes?
As money got tight, Milano claims that Hellie engaged in a “shell game” with clients’ money, initiating loans between clients to keep each one solvent. Milano alleges that Hellie had her borrow funds from some clients while lending to others, all at high interest rates.
She also alleges that Hellie used Milano’s funds to prop up his own investments. On four occasions, she says, Hellie transferred money out of her account without obtaining her signature. Instead, she says he scotch-taped her signature onto the wire authorization. She alleges that without her authorization, Hellie invested $351,000 of her money into a parking lot venture that has yet to generate any income. She says Hellie did not disclose that he was also an investor in the property.
Throughout, Milano says she continued to receive assurances that her finances were healthy. In 2014, she turned down appearing in the third season of the ABC show “Mistresses.” The season would have paid her $1.3 million, and she says she may have negotiated an even more lucrative deal for the fourth season. Had she known how dire her finances truly were, the suit states she “would never have turned down” the job.
After firing Hellie in June 2016, Milano says that Hellie demanded a $26,000 payment for “professional services,” which she refused to pay. So, she alleges that Hellie forged her signature on a check in that amount. She says she and her husband did not discover the theft until they overdrew their account. She says that Hellie paid another $25,000 from Milano’s account in “interest” to two other clients for loans that Milano and her husband never received.
>an adult
>trusting someone else
>to make all their financial decisions and payments
>>84033159
Cut her some slack, man. She was feeling pressure from her family, pressure from her friends, pressure from inside of her and this is where it ends.
>>84033062
What an unexpected case of JUST
who?
is she a porn star? never heard of her
looks like a stripper
>>84033407
>>84033062
she really aged like milk, too bad because her hairy arms in the commando were top tier
tfw mommy milano is forced to do a sextape to pay off her debts
>>84033407
Underage b&
>>84033465
Can I use this to become /fit/?
https://youtu.be/38aqzuwccEs
>>84033621
it could be hairy fetish porn where she stops shaving her super hairy pussy for four months before mmmm
>>84033062
bitch got old
>>84033147
I have a feeling that most actors don't have a good head for finance and when you're earning a lot of money, it's in your best interest to have a good, trustworthy accountant.
Another Madhoff victim
This news makes me want to watch Commando and then jerk of to her nude scenes in Embrace of the Vampire.
Lisa Ann has seen better days
>>84033137
How many scam artists are working as finance managers for celebs?
>>84034162
why is there a song at the start, i don't get it
Embrace of the Vampire 2 when?
Is it to late to have the highest grossing gangbang film ever?
Not for me. I'd drop 100$ on that ppv!
>>84033062
>with millions of dollars in debt and their credit in ruins
Is she too old for yatching then?
>>84035454
I'd rather see her in a blowbang scene with professional porn actors, which changed into a 100-fan bukkake at the end.
>>84033465
>>84034162
>not barefoot
only thing keeping this from being a 10/10
>>84033159
or at least not using a second independent auditor to make sure you're not getting screwed.