Former NBA baller Roger Mason Jr. is wrapped up in yet another legal battle, this time being accused of participating in an allegedly fraudulent venture.
In a lawsuit filed by superstar attorneys Ben Meiselas and Mark Geragos, The Firm Entertainment, a talent management company, accuses Mason of fraudulently representing to investors that The Firm’s CEO, Jeff Kwatinetz, was a strategic advisor to a company called Vaunt, and that he would be receiving additional equity in the company.
They accuse Mason and Vaunt of presenting fraudulent financial projections to investors premised on false statements that they had entered into talent contracts and had talent commitments which were never in place.
The Firm claims the Vaunt mismanagement and mounting fraud placed it in dire straits, Vaunt, through Roger Mason and another man named Omari Ware, then “sadistically preyed on their closet friends, former pro athletes and Big3 players for loans by taking massive sums of money from their friends to pay off existing debts and pay themselves."
The documents also accuse Mason of using BIG3 employees to conduct his work for Vaunt and allegedly told the PR firm representing the league that Kwatinetz wanted them to work on his other company.
The Firm is seeking damages, restitution and other costs.
Ronn Torossian, a rep for Vaunt, tells The Blast, "This is the latest desperate attempt by Kwatinetz to further a vicious retaliatory smear campaign against Roger Mason. Through The Firm, Kwatinetz filed a worthless lawsuit replete with purely fictional allegations."
The rep adds, "It is regrettable that Kwatinetz is now attempting to drag Vaunt into a spurious litigation to further his own agenda. We believe these unfounded allegations will be seen by the court for what they are."