‘The Real Housewives of Atlanta’ star Peter Thomas has responded to claims that he has engaged in fraudulent activities this year.
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Thomas, who is married to ‘Housewife’ Cynthia Bailey, is being sued by an investor named Tony Taylor who claims Thomas scammed him out of $150,000.
According to Taylor, Thomas received the investment from him to build the nightclub ‘Club 1‘ and now refuses to fulfil the agreement they came to at the start of their working relationship.
He also claims he made the investment because Thomas ensured him that the business would receive camera time on ‘Housewives’ and a spin-off sow he believed Bravo would pick up.
That’s not all. For, he is also said to have told the investor that he already invested close to $3 million of his own money into the club to, according to the lawsuit, fool him into parting ways with his cash.
Before officially becoming partners Peter even allegedly allowed Tony to participate in co-hosting a party, under the condition that Tony would front Peter a loan of $50,000 to cover costs associated with the event, and in exchange Tony would get all the money earned from cover charges, plus 20% of bar sales from the night. Tony says Peter promptly repaid his loan, plus an additional $10,000 and $4k from the bar sales. Therefore Tony felt he could trust Peter as a future business partner…
They allegedly met several times over subsequent months to work out a deal for Tony’s investment and on March 30, finalized an arrangement in which Tony would invest $150,000 (not the original $300,000 they planned on) in exchange for 15% ownership of Club 1 – plus Peter promised Tony would have access to the books and would receive regular updates on the club’s progress. Over the next 60 days Tony forwarded the money to Peter in certified checks and bank wire transfers.
Alas, Tony now says that he hasn’t received documentation from the Reality TV star “evidencing an ownership or equity interest in Club 1” giving him reason to believe that he has been…bamboozled.
He is now suing Thomas for fraudulent inducement, securities fraud, unjust enrichment, constructive fraud, obtaining property by false pretense and violation of punitive damages.
How Thomas has responded?