Rolled for millions, film investor says
Orange County partner Paul Gale was mentioned in a May 30 Courthouse News Service article about film investor Bill Busbice Jr. and his affiliate entities claiming in Federal Court that he has been defrauded out of $10.9 million he paid to finance four movies.
Per the article, Busbice claimed the defendants in the case promised him a return of capital, interest and a share of profits from the movies for his financial contributions, but, instead, used his money for “out-of-control spending spree[s]” unrelated to the purpose of the investments. Those spending sprees reportedly included wire transfers; cash withdrawals; an unauthorized real estate acquisition; home and boat payments; tuition for private schools; purchases of luxury goods; as well as use of diverted funds for vacations, hotels, restaurants and car rentals.
Paul is representing Busbice in the legal proceedings, along with Orange County associate Tom Prouty. New York partner Michael Friedman is collaborating with them on the case and the underlying investment transactions. The client was brought to the firm by Atlanta associate Brad Resweber.