#miles levy

[theycalledmeted]

A new roadblock emerged in the embezzlement case involving James Franco, according to new court documents obtained by TheWrap. In April, suit was filed against the actor's recently-fired talent manager Miles Levy, and financial manager Steve Blatt. The suit alleged that the two knowingly diverted 5% of Franco's 15% management commission to a separate company, Down Goes Frazier, Inc., created specifically for this purpose.... https://za.celebrity.yahoo.com/news/james-franco-embezzlement-case-defendants-accused-refusing-testify-040900337.html

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James Franco Lays Down The Law Against Former Manager In Embezzlement Disaster

Courtesy of The Hollywood Take

Jonathan Frahm Staff Writer @JNoodles_

This past September it was reported that celebrity James Franco, star of the upcoming Good People, was parting ways with then-manager Miles Levy. While foul play has been speculated about in Levy's elimination from the managerial position, we’re finally obtaining news to just how foul that play actually was.

Reportedly, Levy was fired by Franco after he had discovered that Levy was in cahoots with fellow manager Steve Blatt to embezzle large sums of money from the box office sensation. Prior to the firing in 2013, Levy and Blatt had gotten away with taking an exta 5% of Franco’s payments to their firm; Franco explained he wasn't going to pay the 15% he had been for years and everyone agreed to a 10% payment. However, James Levy Management kept on charging Franco the 15% and secretly pocketing 5% for himself. Hello trouble!

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