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'70s Show' Star -- I Got Nailed in Real Estate Scam!

7/15/2010 7:07 AM PDT BY TMZ STAFF

Danny Masterson -- who played Hyde on "That '70s Show" -- tried to dabble in a little real estate back in 2007 ... but claims he was duped into holding the bag on a $3.2 million condo that was never even finished.

0714_Danny_Masterson_EX
Masterson -- whose rep says this is "one of 30 developments Danny has been involved in over the last 10 years" -- claims he went into business with a company called TomatoBank ... and agreed to co-sign a $3.2 million loan for a fancy 4-story condo in Toluca Lake, CA in 2007.

But according to docs filed in L.A. County Superior Court, Masterson claims the builders ran into some permit issues -- so TomatoBank secretly approved a 3-story structure instead ... all without telling Danny.

Of course, Masterson eventually found out -- and now claims he's screwed because he's on the hook for a $3.2 million loan ... but only has an unfinished 3-story building to show for it ... which obviously doesn't cover his debt. 

So, Danny is asking the court to force TomoatoBank to cover his losses -- and wants his loan agreement tossed in the garbage.

34 COMMENTS

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31.

harleystpeters     

Not the sharpest knife in the draw eh?

1458 days ago
32.

Thomas    

Danny Masterson -- who played Hyde on " That '70s Show " -- tried to dabble in a little real estate back in 2007.
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Sunshine Coast real estate

1279 days ago
33.

Thomas    

Daniel Peter "Danny" Masterson (born March 13, 1976) is an American actor and DJ best known for his role as Steven Hyde in That '70s Show.
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Sunshine Coast real estate

1279 days ago
34.

Wowowowoow    

whatever. i still love him.

1008 days ago
Previous 15 Comments | 1 | 2 | 3

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