In a strong conflict with the administrator of his finances, Thomas St. John, is the well -known DJ and disc producer Calvin Harris, claiming $ 22.5 million. The disagreement concerns the financing of high real estate growth in the center of Hollywood.
The ambitious project of $ 500 million was planned to be implemented at the intersection of Sunset Boulevard and Highland Avenue. According to court documents, Calvin Harris characterized the plan as “At best, a complete nonsense and, at worst, a complete fraud”. Thomas St. John denies any irregularity, as the La Times report.
According to a refereeing request filed with the Los Angeles County Supreme Court, Harris, under real name Adam Wiles, claims that he received a $ 10 million loan and invested an additional $ 12.5 million in the CMNTY Culture Campus project. The project included recording studio, restaurants and high -rise apartments.
This development, which was publicly presented in 2022, has not yet been approved by the municipal authorities. Harris’s legal representatives say the investment was made in 2023, when St. John was facing a serious lack of liquidity and called for urgent financial support from his client.
After investment, St. John allegedly distributed to himself more than $ 11 million, according to a request letter. St. John has been a financial adviser to Harris for about 13 years, until April last year.
In 2024, Thomas St. John informed that, due to the low demand for offices after the Covid-19 pandemic, he will seek approval for a new plan that provides for homes instead of offices. The revised plan includes 734 apartments in two towers, 34 and 38 floors.
The facilities will have gardens for tenants over a five -storey garage, as well as recording studios on the road level, where a restaurant and possibly a cafeteria will operate. Representative of St. John said that “Not a single dollar has been embezzled” and that “All investor rights remain intact, while the project is proceeding normally.”.
Source :Skai
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