DJ Calvin Harris says that his financial adviser Thomas St. John has stolen more than 22.5 million dollars (more than 18.9 million euros) from him. The money would have been used for a real estate project in Los Angeles, Variety report reported Monday.
Calvin Harris, who is actually called Adam Wiles, says he received documents to sign for the CMNTY Culture Campus project, but received no explanation about the plan. On this campus, including recording studios, offices and entertainment spaces would be added.
Harris invested $ 12.5 million (more than 10.5 million euros) and borrowed another 10 million dollars (more than 8.4 million euros), but, according to his own words, does not know where the money has gone.
According to his lawyers, the 10 million dollars loan should have been repaid at the latest on January 31, 2025. But according to them there was never the intention to repay the money. They call the project “failed at best and at his worst fraud”.
St. John denies the accusations. His lawyer Sasha Frid says Harris knew about the project and that the campus can still be built.
Harris “has actively pursued this development possibility,” Frid emphasizes. The lawyer says that the construction of real estate projects takes time. “Because he was dissatisfied with the pace of the project, he chose to start a private arbitration procedure to make his displeasure known.”
Since April, St. John no longer seems to be a financial adviser to Harris.
DJ Calvin Harris Says His Financial Advisor, Thomas St. John, Stole More than $ 22.5 Million (over € 18.9 Million) from Him. The Money was Reportedly Used for a Real Estate Project in Los Angeles, Trade Journal Variety Reported On Monday.
Calvin Harris, Whose Real name is Adam Wiles, Says He Received Documents to Sign For The Cmnty Culture Campus Project, But Received No Explanation of the Plan. This campus would include Recording Studios, Offices and Entertainment Spaces.
Harris Invested $ 12.5 Million (over € 10.5 Million) and BorroPed Another $ 10 Million (over € 8.4 Million), but accordance to him, he doesn’t Know where the money has gone.
Accordance to His Lawyers, the $ 10 Million Loan was due to repaid by January 31, 2025 at the latest. But accordance to them, there was never any intention of repaying the money. They call the project “Failed at best and fraudulent at sausage.”
St. John Denies The Allegations. His Attorney, Sasha Frid, Says Harris Knew About The Project and That The Campus Can Still Be Built.
Harris “Actively pursued this development opportunity,” Frid Emphasizes. The Lawyer Adds That The Construction of Real Estate Projects Takes Time. “Because he was unhappy with the pace of the project, he chose to initiate a private arbitration processing to air his grievances.”
St. John No Longer Appears to Be Harris’s Financial Advisor Since April.