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Stephen Baldwin:

Costner 'Robbed' Me in BP Disaster

12/23/2010 11:00 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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63 COMMENTS

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1.

MIDNIGHT TOKER    

that contraption never worked anyways

1370 days ago
2.

Cravin Morehead    

It had been reported Stephen Baldwin was bankrupt. Where did he come up with the cash to invest in this?

1370 days ago
3.

Ernie    

Hey Steven, your not a good actor or a good business man all you are is greedy. All you were lookking for was a fast "buck". I guess "Greed isn't good for you" you assh*le. You sold your shares BP didn't buy Costner's contraption and now you want your money back. You have always been a "Punk". The only reason why you sold your shares is because your "Broke" and you need money. I don't see in any acting roles, that's becaues you "Can't Act" you POS. Why don't you take the money you made and go away nobody will miss you.
Assh*le

1370 days ago
4.

Fan    

They should both call Nicolas Cage for advice. Oh, wait, scratch that idea.

1370 days ago
5.

Kimberly    

Looks like someone might want to pay attention to what BP knew BEFORE the "disaster" happened. BP also moved in 16 DAYS before the blow out and purchased Boots and Coots in Texas. Their specialty was blow out clean ups. Hmmmm You greedy little bastar$s! ALL of you. Being that the plan for that area is to "create" disasters that move population out of the area, allow for purchase of land at rock bottom prices and turn the entire region into an oil field. How sad that they had "help" with that plan from these two goons, with Stephen too stupid to see the implication and now beeking off to the press.

1370 days ago
6.

artie help    

two scheisters, baldwin sux, strange and weird are no way to go thru life.

1370 days ago
7.

Fan    

@Kimberly

You've been watching too much Jesse Ventura.

1370 days ago
8.

Mike    

I'm surprised stePHen has the IQ to dial a telephone, let alone file a lawsuit.

1370 days ago
9.

teebag    

This is what happens when you attempt to profit off of someone else's misery. They all deserve what they get. Hope they make each other's life a living hell wrestling over that blood money.

1370 days ago
10.

Kimberly    

Fan:
You haven't been watching enough. I work in the Oil industry in Canada and the sale of that company to BP was news BEFORE Jesse. The truth of 9/11 and the impossiblity of the buildings burning and falling the way we were told it happened, all long before Jesse. But he has done a good job of telling the TRUTH which is likely what you are having a problem with. Time to wakey wakey.

1370 days ago
11.

w    

#7 Fan-
Prove Jesse Ventura wrong and your comment will be relevent.

1370 days ago
12.

LollieBluCaliToo    

obama promised not to rest till the BP mess was over and cleaned up. 42 days into this disaster he's partying it UP in the white house. so much for 'not resting till it's over'. pffft! what a liar.

1370 days ago
13.

LollieBluCaliToo    

Costner's always been known as a cheat--just ask his first wife. I'd never attempt to be in business with someone of that type of character. Sorry, Baldwin.

1370 days ago
14.

Ty    

Somehow I dont buy it.

1370 days ago
15.

Sammy    

Costner is the world's worst actor. He RUINED that JFK movie. Oliver Stone should sue him, not Stephen Baldwin.

As for Costner being honest in business, why would we assume him to be? He cheated on his first wife, a woman who married him when he had less than zero, and he is generally just an egotistical blow hard. If Steven Speilberg has not taken an interest in him, be would be selling insurance and have a house going into foreclosure right about now.

Dancing with Wolves blows btw.

1370 days ago
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