A man from Malibu was convicted of calming investors and Hollywood stars from more than $ 20 million False claims About the performance of celebrity application work.
Fox News Digital has learned that Bernhard Eugen Frits, the company’s founder and CEO of Starclub Inc. A Santa Monica technical company, who was responsible for a miracle fraud that feeds his lifestyle.
Fritz, 63, was convicted by a jury on Thursday for fraud, wires after it was revealed that he had lied to investors about financial success and future capabilities of his technical company, according to L. Ministry of Justice.
The Hollywood director was arrested on charges of cheating in Netflix from $ 11 million
He falsely promised that the company, Starsite, would help celebrities and influencers on social media in liquefy their brand approvals.
Tyrest Gibson (L), founder and CEO of Starclub Bernhard Fritsch attends the STARCLub Inc. It was hosted by Teres Gibson on November 11, 2014. (Mike Windle/Getty Images for Starclub)
Instead of using money to develop the application, Fritsch spent millions on luxury cars, yachts and Malibu Palace Millions of dollars.
From 2014 to 2017, Fritsch raised more than $ 20 million, achieving Starclub as a transfer in the entertainment industry. He claimed that the application would allow celebrities to easily publish the content that carries a brand on social media, generate revenues from the advertisement and share profits with the influencers.
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While Freich blocked the stars to investors, he made many wrong and fraudulent claims, including that his company was about to enter As Disney – These stars received $ 15 million in revenue in 2015.
Khardija Neumann (L), founder and CEO of Starclub Bernhard Fritsch attends the STARCLUB Inc. (Mike Windle/Getty Images for Starclub)
Instead of using funds to expand the company or improve its technology, Fritsch bought luxury cars such as McLaren and Rolls-Royce, renewing his home in Malibu for millions of dollars, and even expensive Leachs.
Law enforcement of the yacht, McLLS-Royce, and undergoing confiscation procedures.
One of the victims has invested more than $ 20 million in Starclub over two years, based on the wrong Fritsch data, according to the Ministry of Justice.
This victim also provided Fritsch to other victims who invested millions of additional funds in the company. Prosecutors estimate that Freich caused the losses of a victim at least $ 25 million due to his plan.
In 2014, the singer and actor Teres hosted a special party for Starclub Inc. (Mike Windle/Getty Images for Starclub)
Sources close to Fox News Digital have learned that Hollywood celebrities, including Enrique Iglesias and Terse Gibson, may participate in this prominent scheme.
In 2014, the singer and actor Teres hosted a special concert for Starclub Inc actresses. Including Caitlin O’Connor, Elise Neal, Rapper Trinidad James, Model Khadija Neumann, urban star urban.
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Meanwhile, Freich was prosecuted at the Los Angeles County Supreme Court three times on allegations of fraudulent financial plans.
HAQQ IQQ and its company, HQQ and its company, sued Starclub and Fritsch in 2013, claiming to violate the contract and fraud, according to Los Angeles Times newspaper.
Islam claimed that Freich owes 750,000 dollars to attract Hollywood stars like Jessica Simpson to meet Freich and think Court news service.
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Tyrese, Iglesias and Simpson representatives did not respond immediately to order Fox News Digital for comment.
The jury found that Freich was not guilty of fraud in the second wires. It is still free on bonds.
It is scheduled to hold a hearing to rule in Freich in the coming months. Freich faces a 20 -year legal legal sentence in the Federal Prison.
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