Scooter Braun has been severely chastised for his dealings with Taylor Shift’s catalog, but his feud with the popstar isn’t what popped him up in the headlines today!
The mega-manager is best known for representing Justin Bieber, Ariana Grande, and Demi Lovato, among other top-selling artists in the music industry.
But still that was not the reason he was on the headlines today. The Star manager according to dependable sources has been slammed with a $50 million lawsuit.
Braun is being sued by Peter Comisar, a former Goldman Sachs partner.
He claims he left Guggenheim Securities after Braun promised him “a post at the top of a new boutique investment firm that he said would be funded by media heavyweights like Apple’s Jimmy Iovine, Hollywood magnate David Geffen, and the billionaire Soros family.”
However, things did not go as planned for Comisar.
Throughout 2016 and 2017, Braun allegedly enticed Comisar to join the company, with Comisar apparently agreeing to a $3 million annual pay.
During their conversation, Braun allegedly mentioned Kanye West and Justin Bieber, and according to Comisar, Braun even claimed that he could get David Geffen, whom he reportedly referred to as his “godfather,” as well as others like Jimmy Iovine and Haim Saban, to invest hundreds of millions of dollars.
“With his tail between his legs, Braun had to explain to Comisar how he had requested David Geffen, his alleged Godfather, to invest in Scope [Capital Partners], only to be told by Geffen that he did not consider Braun to be someone with whom Geffen would invest.”
Braun was claimed to have received “the same brush-off” from Iovine and Saban, as well as “the Reuben Soros and Mittal families.”
The truth was that Braun’s relatives regarded him as someone with whom they might associate but not entrust their millions, according to the lawsuit.
“When it came to fundraising, Braun revealed himself to be a wolf in sheep’s clothing.” According to the New York Post, Braun has not responded to the charges or the complaint.