Randy Quaid Sues Financial Advisers for Taking His Money

Randy Quaid

The actor claims his financial advisers made fraudulent real estate loans in his name and stole a number of his pay checks.

Actor Randy Quaid is targeting his financial advisers in a new lawsuit, accusing them of taking millions of dollars from him. Quaid claims he has lost more than $10 million (6.7 million pound sterling) in "loans I did not need or want" after advisers allegedly forged his signature on bank documents, according to a lawsuit filed in Los Angeles Superior Court on Monday, August 23.

He alleges financial representatives acting for him made fraudulent real estate loans in his name with the aid of officials at City National Bank, reports TMZ.com.

Quaid also claims the advisers stole a number of his pay checks, including $600,000 (400,000 pound sterling) in royalty payments for his performance in 2005's "Brokeback Mountain".

In April this year, Randy Quaid and his wife Evi were jailed in court in Santa Barbara to make sure they returned for a hearing into their 2009 fraud and burglary case. They were later released from prison after posting $100,000 bail each.

© AceShowbiz.com

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    Aug 25, 2010

    That's real nice, adding that last paragraph to make it look like he's up to no good. Way to taint the reader's opinion.

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