By Jen Heger - Breaking Celebrity News Assistant Managing Editor

Kelsey Grammer is being sued by television actress Lydia Cornell, who alleges he helped lure her into a Ponzi scheme, but Grammer says he was also victimized and lost $1 million in the "venture," Breaking Celebrity News is exclusively reporting.

The Frasier star was recently added as a defendant to a $100 million, 27-count lawsuit from Cornell, perhaps best known for playing Ted Knight's ditzy oldest daughter Sarah on Too Close for Comfort, and several other plaintiffs. The suit centers on a website called Staropoly.com, and its parent company TODHD.

EXCLUSIVE DOCUMENT: Kelsey Grammer Sued - Read The Lawsuit

But Grammer is so furious that he is threatening his own legal action against the plaintiffs and their attorneys, Breaking Celebrity News has learned.

The allegations by Cornell and her co-plaintiffs include grand theft, fraud and extortion, and the lawsuit depicts Alex Varonos as a driving force behind a scheme that included selling "channels" on Staropoly.com, using Grammer's name to convince others to join. Varonos and pals also reaped the publicity benefits of a Variety charity event for cancer in 2010 but never forked over the $100,000 fee, the suit alleges.

Varonos had a business relationship with Grammer at one time after they were introduced by a mutual friend.

The lawsuit was filed in Los Angeles Superior Court last August and didn't name Grammer as a defendant at that time. He was added to the suit only weeks ago; the reason for the delay is not clear.

What is abundantly clear is that Kelsey is furious about being branded as part of the scheme and vows to initiate his own action, Breaking Celebrity News has learned exclusively.

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