"CMNTY Culture Campus was floated as a 460,000-square-foot complex with recording studios, artists' lounges and office space. The project began seeking investment from entertainers and financiers in 2021. St. John allegedly looked to Harris for help when the project needed funds in 2023, according to the Post. Harris, operating through an entity called Lewis LLC, provided a $10 million loan and a $12.5 million equity stake in Hollywood LLC, the business structure behind the project."
"Those documents were materially misleading and Harris government name Adam Wiles received no context or information whatsoever about where his money was actually going, according to the Post. Soon after Harris forked over the cash, Harris alleges $11.7 million was transferred to Dun & Dun LLC, a managing entity controlled by St. John. Mr. Wiles has not received a single penny in return for that investment, and, indeed, respondents have not even started developing or building the project, the filing says, according to the Post."
Calvin Harris filed an arbitration demand in Los Angeles Superior Court alleging adviser Thomas St. John usurped a business relationship intended to invest millions in CMNTY Culture Campus. CMNTY Culture Campus was proposed as a 460,000-square-foot complex with recording studios, artists' lounges, and office space, and sought investment beginning in 2021. In 2023 Harris, through Lewis LLC, provided a $10 million loan and a $12.5 million equity stake in Hollywood LLC. The documents were allegedly misleading and Harris (legal name Adam Wiles) received no clear information about fund use. Harris alleges $11.7 million moved to Dun & Dun LLC, controlled by St. John, no development occurred, and the $10 million loan remains unpaid; an arbitration order now prevents dissipation of project funds.
Read at therealdeal.com
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