Vince Neil Being Sued By Investor In Failed Arena Football Team (Week in Review)
According to Courthouse News, investor Sohrob Farudi is suing RockStar Sports Group - of which Neil was president and CEO - for defrauding him of $500,000 when he invested in the now defunct team.
The Outlaws played only one season in the Arena Football League before being wound up in August of this year. Farudi reportedly claims Neil and fellow defendants Mark Daniels and Robert Hewko claimed to be owners of the Jacksonville Sharks AFL franchise and that they had paid $3million upfront to launch the Outlaws.
According to the report, Farudi paid $500,000 for 150 shares in the team in August 2014, but two weeks later the AFL told him the franchise hadn't fully paid its membership fees, had not posted required letters of credit and that its first payment to the league bounced. Read more - here.
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