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Stephen Baldwin: Costner 'Robbed' Me In BP Disaster

12/23/2010 10:21 AM PST BY TMZ STAFF

Stephen Baldwin is suing Kevin Costner, claiming Costner and his business partner  "schemed" to make millions of dollars off the BP oil rig disaster ... by allegedly duping Baldwin into selling shares in a company that builds machines that separate oil from water.

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In a lawsuit filed in Louisiana federal court, Baldwin claims in April, he had a meeting in the wake of the oil disaster, and decided to become a 10% partner in an invention backed by Costner -- a device that separated oil from water that was actually developed during the filming of "Waterworld."

According to the lawsuit, Costner and his partners made it seem as if Costner had already sold his shares in the company when in fact he was still heavily invested.  Baldwin also claims the company misrepresented that there was no deal to sell the contraption to BP.

Baldwin alleges he was duped into selling his shares back to the company so Costner and his partners could score a bigger profit in a deal that was already inked -- specifically, a deal with BP valued at more than $52 million.

Baldwin is suing for unspecified damages. No comment from Costner's camp.

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104 COMMENTS

No Avatar
61.

ed hill    

I never trusted anyone that danced with wolves !!!

1345 days ago
62.

terry chambers    

If anyone has any doubt that Kosner is a crook, they should see his paycheck for Waterworld.

1345 days ago
63.

Steve    

There always seems to be some uninformed or misinformed right wing nut who wants to comment on President Obama in stead of the topic of Steve Baldwin. These are usually the pons and puppets of big business loving Repulsives who have them fooled.

Baldwin must have trusted Costner to his regret. If true Costner has little integrity.

1345 days ago
64.

mike    

If what Baldwin alledges is true, then what Costner did is not legal and he's going to lose his arse. If they find emails or correspondence proving it with dates, Costner is screwed and so is his reputation. This is strictly business---doesn't matter who the plaintiffs are.

1345 days ago
65.

redreosestar66    

I'm just LOL @ Rem's "Steven Baldwin is almost as big of a loser as his brother Alec. Almost."

1345 days ago
66.

berl    

seems the bladwin familly are a bunch of whinning weinies.

1345 days ago
67.

JOHN Q    

BALDWIN IS JUST WHINING CAUSE HE WAS STUPID ENOUGHT NOT TO DO RESEARCH BEFORE HE SOLD HIS SHARE.......WHAT A MORON!!!!......STOP WHINING BALDWIN AND TAKE IT LIKE A MAN!!!!!

1345 days ago
68.

Nothan Bitinformed     

I don't know if Stephen Baldwin can make Megan Fox happy. Sure he's smarter than Kevin's best dog but Costner has connections for the best tattoos Megan could ever get.

1345 days ago
69.

KK    

A fool and his money....

1345 days ago
70.

dontcaretospellitright    

well if it wasnt a muslim name he wouldnt have as much pronlems spelling it

1345 days ago
71.

PASCUCH    

S BALDWIN IS ON THE BALL'S OF HIS YOU KNOW WHAT SO NOW HE IS TRYING TO MAKE SOME MONEY ANYWAY HE CAN. HE THOUGHT HE COULD MAKE A QUICK BUCK WITH KEVIN BUT IT JUST DIDN'T WORK OUT SO NOW HE WANT'S TO SUE. AS USUAL THE LAWYER'S WILL MAKE THE MONEY HERE. WHAT A JERK.

1345 days ago
72.

rick    

do you think any of the Baldwin's can even spell BP?

1345 days ago
73.

funnyshit    

I laugh when peopel think Megan Fox is hot. That would be like making love to a teenage male. Muscle and skin. No tits? no ass? It's a boy with long hair.

women, if you think this is hot, you're robbing your man of much needed woman essence. Leave the meat on your body. Stay curvy please.

1345 days ago
74.

Informer    

BPoil-seems alot of scamming went on with that set up..The CEO of BP sold all his shares in BP making millions,**** Cheaney Bought out those companies including the one costner was part of..there is so much deception and cam caught up in BP oil its a crime..want to know more just ask..Budpeters44@aol.com

1345 days ago
75.

Njeanous    

Alec Baldwin is "the flagship" of Baldwins and Stephen is one of the hulls that hangs on to the waves created by a brother with talent that he has none of and so has to bring attention to himself by being an idiot!

1345 days ago
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