Marc Anthony wants his money back.
According to the New York Daily News, the Latin singer filed court documents in New York stating he loaned ClubCreate Inc. $1.3 million between 2011 and 2013 – and it has refused to repay him because the CEO is allegedly misusing company funds.
The salsa crooner got involved with ClubCreate – which essentially looks to provide artists with an online recording studio – back in 2011, on the recommendation of his half brother and manager, Bigram Zayas, the filings say.
The NY Daily News went on to say that the singer agreed to allow the company to use his name and likeness in its advertising – which it did – even touting Anthony as its “chairman and co-founder.” But in reality, the suit says, the company never appointed him to any executive position and never gave him any of the stock he was promised.
Anthony, 45, claims too that ClubCreate’s CEO Corey Simmons mismanaged the books, using the funds as “his personal piggy bank,” allegedly using the money to make “loans” to his girlfriend and to pay for his personal dental work, rent and wardrobe.
On top of that, the suit says Simmons made “substantial and unaccounted for” withdrawals and did not file tax returns for the company.
Anthony is seeking repayment of the loan, to be appointed as the company’s executive director and unspecified monetary damages, among other things.
The NY Daily News reports that they reached out to ClubCreate, who did not immediately return an email requesting comment. The newspaper said they also reached out to Simmons, who said he was unable to answer questions because he was in a meeting.