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Last Days for Depp's Viper Room?

2 May 2003 | WENN | See recent WENN news »

Johnny Depp is on the verge of losing his hip Hollywood nightclub The Viper Room after being charged with fraud. The actor's former business partner Anthony Fox sued Depp back in 2001, claiming the Hollywood hunk cheated him out of millions of dollars through "shady accounting and fraud." Fox alleged that Depp cheated him by hiding assets in another company and took advantage of him. Fox then mysteriously disappeared and hasn't been heard of since, but the investigation into The Viper Room's "mismanagement" continued - and now a Los Angeles judge is close to ruling in the absent Fox's favor and shutting the place down. In a statement, officials report, "Defendant Depp breached his fiduciary duties to the corporation and to Fox as a minority shareholder. The facts establish persistent and pervasive fraud and mismanagement and abuse of authority." A final ruling is expected next week and if the preliminary ruling sticks, Depp will be forced to sell up. Meanwhile, Fox's disappearance remains an open investigation. »

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2011 | 2004 | 2003

1 item from 2003


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