| Monday October 14, 2013 @ 11:22am PDT
Law360, New York
Questionable businessman turned Film Producer Sued. Illegal Funds Conversion
|Chris Christopher Mallick Background.|
An actor who became an unwitting "investor" in a questionable new film Producer, Christopher Mallick's film ventures sues in another fraud case similar to the recent case of Curacao businessman Gregory Elias of Fireglow Investment Fund.
The complaint charges Chris Mallick, (Oxymoron Entertainment) and his now defunct e-commerce company 'Epassporte' with Breach of Contract and the Illegal Conversion of funds +.Christopher Mallick misappropriated the funds of the actor-investor, according the the complaint. Mallick once owned the now defunct e-commerce company "ePassporte". whose services were terminated by their sponsoring bank soon after the release of Mallick's film, which he allegedly self produced to the tune of nearly $30 million. The bank found "deficiencies" and abruptly ended their relationship with Christopher Mallick.
The complaint alleges Oxymoron Entertainment - Christopher Mallick misappropriated the L.A. actor and internet investor's account funds and unlawfully used them in the production and distribution of assets, including a string of films all of which underperformed at the box office or went straight to DVD. Oxymoron Entertainment 's Mallick acted in a manner that was premeditated, systematic and/or methodical, with the explicit intent to conceal his activities, because it was being done without plaintiff's consent and for the purpose of a Fraudulent Conversion.
Representatives for the parties were not immediately available for comment.
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Windy City Wipeout
In the North Shore of Chicago, Charles Martin appears to be getting very rich running an e-commerce brokerage, One World Capital. Martin, like Christopher Mallick (Oxymoron Entertainment) shamelessly flaunts his wealth on the streets, cruising by in an Audi or Ferrari, a Bentley, or an Escalade. And then there are the vanity projects: a film production company that invests in a Hollywood flop called "Breaking Point," and numerous junkets to celebrity events. But where is the money really coming from? In 2010, a routine audit reveals some "irregularities" in Martin's company's accounting. But it's not just irregular -- it's outright theft. Like Christopher Mallick and his "deficiencies"? Martin has been plundering clients' accounts, to the tune of $10 million. Investigators discover that their outrageous spending even includes $1 million dollars of clients' money at a single NYC strip club and over $1 million on Private Jets.