Investors in Screen Capital International and the Aramid Entertainment Fund are turning on film financier David Molner and suing him for $50 million in Los Angeles Superior Court.
Molner, who heads both Screen Capital and AEF, is being accused of looting the companies to finance his lifestyle.
"Molner fraudulently conspired with his cronies to use AEF as a personal piggy bank for himself and entities he controlled, issuing loans to insider entities that they never had any intention to collect upon," the suit reads.
The irony is that Molner has been the lead plaintiff in ongoing litigation against David Bergstein that accuses the film financier of raiding his own companies' coffers to much the same end.