Justin Bieber's Manager Scooter Braun Sues Former Goldman Sachs Business Partner For Alleged Fraud
June 3 2021, Published 2:01 p.m. ET
Scooter Braun – music manager to Justin Bieber, Ariana Grande, Demi Lovato and more – has countersued his former Goldman Sachs business partner, Peter Comisar, for alleged fraud.
In the filing obtained by Breaking Celebrity News, Scooter is calling for a "judicial intervention to end Peter's unlawful, extortionate and opportunistic threats against him."
Comisar recently filed a $50 million lawsuit against his ex-associate for "aggressively" courting him to join SCOPE Capital Management and then allegedly breaching their contract by failing to deliver a "promised" $500 million to $750 million, which prompted Braun to draft up a complaint of his own.
In his petition for arbitration filed in Los Angeles earlier this week, Scooter argued that Peter was a "complete and utter disaster" who failed to launch SCOPE by allegedly raising no capital and securing zero investors, even though he allegedly received a year and a half's worth of his salary, totaling over $5 million.
While Comisar claimed that Braun "abandoned" the SCOPE fund within a year; Braun countered that his commitment beyond the first year was contingent on Comisar having "secured at least $250 million in investment commitments from investors." Braun claims their contract specifically stated that he would not be helping secure said commitments.
"Together, these provisions protected Braun from precisely the type of money grab by Comisar that Braun now confronts," the suit states.