Peter Thomas Sued by Investor

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Peter Thomas Sued by Investor

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Peter is being accused of swindling an Atlanta investor, Tony Taylor, out of money for his nightclub in Charlotte.

WBTV writes:

The pair met again several weeks ahead of the CIAA Tournament in Charlotte – this time at Club 1, according to the lawsuit.

That’s when Thomas reportedly offered to let Taylor host a CIAA party, featuring R&B singer Carl Thomas, for a loan of $50,000 to cover event costs. In exchange, Taylor would be able to keep the money from cover charges and 20 percent of bar sales.

Thomas paid back the loan, plus $10,000, and an additional $4,000 for the bar sales.

Taylor says Thomas contacted him several times over the next month about investing in Club 1 and on March 30, they met with Thomas’ lawyer to discuss a $150,000 investment for a 15 percent ownership. He was also promised regular updates and could access the books “any time you want.”

According to the lawsuit, Taylor paid the money through wire transfers and bank deposits over the next 60 days.

Taylor says he was defrauded – saying he has “nothing evidencing an ownership or equity interest in Club 1” and is now suing to get it back.

He’s suing for fraudulent inducement, securities fraud, unjust enrichment, constructive fraud, obtaining property by false pretense and violation of punitive damages.

He’s requesting his money back plus a jury trial.

 

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5 Comments

  1. anonymous

    September 11, 2016 at 8:11 pm

    If you go into business with Peter, you deserve what you get.

  2. Queen

    September 11, 2016 at 8:13 pm

    What’s new?

  3. Chelly

    September 11, 2016 at 8:22 pm

    People really have to stop handing their money over to Peter.

  4. Twirl

    September 11, 2016 at 9:00 pm

    So he conned this man out of money just like he did Cynthia? I’m not surprised!

  5. Anonymous

    September 11, 2016 at 9:37 pm

    lmao peter will never change

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