TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

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.

1223_stephen_kevin_EX_TMZ_launch

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.


1223_oil_spill_footer

63 COMMENTS

No Avatar
31.

In the Know...    

Kevin Costner is an extremely honest and trustworthy individual. Stephen Baldwin, however, is a no-talent hack who is basically trying to extort money to save his bankrupt ass. I highly doubt Costner's company would want the likes of Baldwin to be part of the operation. Stephen should count himself lucky he was even paid $500,000. Maybe he can use those funds to buy some brains.

1315 days ago
32.

In the Know...    

Stephen is one shady douchebag.

If Baldwin is bankrupt, where did he get the funds to invest? And did the bankruptcy court know about Baldwin's investments?

Kevin was right to cut this moron loose!!

1315 days ago
33.

DIMO    

PLACE YOUR PERSONAL ADS AND FACIST COMMENTS HERE FOR FREE...TMZ.COM Enough already, TMZ monitor your sight, there is something really wrong here.

1315 days ago
34.

alfredo    

wait, kevin costner caused the oil spill to help recoup the cost of waterworld???

1315 days ago
35.

Tard    

I like how somebody said Costner sucks. He made two of the best films in history "The Postman" and "Water world". Yes they did not perform as expected but they are great.

It is possible Costner's Money handlers did something wrong but I doubt it.

1315 days ago
36.

Tard    

I like how somebody said Costner sucks. He made two of the best films in history "The Postman" and "Water world". Yes they did not perform as expected but they are great.

It is possible Costner's Money handlers did something wrong but I doubt it.

1315 days ago
37.

niles    

Stephen, you little homophobic bigot, terrible actor, and general deadbeat: I'm sure the reason you sold back your shares (if you actually scraped up the cash to even buy them) was that you needed the cash. Now don't go crying to the world cause you missed the boat. You are a disgusting, fat loser and always will be.

1315 days ago
38.

kickaboo    

http://inspiredeconomist.com/2010/06/17/why-did-halliburton-buy-an-oil-cleanup-company-8-days-before-the-oil-spill/

http://www.infiniteunknown.net/2010/10/29/us-presidential-panel-halliburton-knew-cement-mixed-for-bp-blowout-well-was-unstable/

1315 days ago
39.

Skeptic    

Dear conspiracy theorists, I don't have to prove you wrong! YOU are the one making the claim and so the burden of proof rests on your shoulders. NOT MINE. If I claimed to have a Ferrari hidden on the dark side of the moon, the onus would be on me to prove it, not you to prove me wrong. Morons.

1315 days ago
40.

Sammy    

Kevin Costner is an extremely honest and trustworthy individual. Stephen Baldwin, however, is a no-talent hack who is basically trying to extort money to save his bankrupt ass. I highly doubt Costner's company would want the likes of Baldwin to be part of the operation. Stephen should count himself lucky he was even paid $500,000. Maybe he can use those funds to buy some brains.

Posted at 10:51 AM on Dec 23, 2010 by In the Know...
___________________________________________________________

Somebody who cheats on his wife and has an child out of wedlock with another woman is not "an honest and trustworthy individual". Not in most people's world anyway. Maybe in Hollywood this type of behavior is the norm, but most people hold themselves and the people they choose to associate with to a higher standard.

He will cheat on that dorky looking girl he is married to soon enough. Once a cheat, always a cheat. I don't know how in the hell this guy made it as far as he has. He's a god awful actor and acting classes are full of people who blow him out of the water on any day of the week.

1315 days ago
41.

Fan    

@Kimberly:

Is that you, Oliver Stone?

(Get it? He loves a good conspiracy theory. Heh heh.)

Seriously, you and Rosie O'donnell don't believe that fire can melt steel. Drrrrrr.

1315 days ago
42.

Brad    

I have built many of these systems and boy are they expensive to build you need to skim the oil off the top of the water then put it in a container and add a bubbles like in a fish tank and evaporate all the water out wow isn't that worth the hundreds of millions we spent on this research LOL doesn't matter anyway it all a rigged game. When the free money runs out and all those that filed before the deadline will get checks maybe in 20 yrs. The valdez checks are still comng in and I know the gal who is processiong is working her ass off to get checks out beofre christmas I am sure but the fact and truth is many of those whom filed 20 years ago are dead now go figure... Good luck with this one. Need a remeadiation expert give me a buz I have built everything from Vapor extraction systems to Bio remeadiation system and some real high tech pond cleaning solutions got an oil problem in a pond Guess what water lillys thrive in this environmnet and they naturally clean the water so look first beofore being caught up in this type of crap Alex should have known better.

1315 days ago
43.

NickSunset    

Stephen everyone knows you don't have the talent like your brothers, even the ugly one.

Please just take the job at the Melrose Car Wash already. It is either that or put on the Monkey suit and work with an organ grinder.

Signed
God

1315 days ago
44.

Sarcastic1     

Kevin Costner is shady like a used car saleman. Baldwin was an idiot to trust him.

1315 days ago
45.

katie    

Ha this is funny actually. Of course Stephen is sueing because he has NO money and desparately needs drug money. He's so disgusting and an ******* ( I watched him on the that stupid reality show). I hope he doesn't get any money. AND number 15 Sammy: Worlds worst actor? SERIOUSLY? You have obviously not watched very many movies at all. There are probably thousands of actors that are 10x worse than him. If he is so awful then why has he made so many movies? I hope you don't expect everyone to agree with you. His acting has absolutely nothing to do with this case in the first place.

1315 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

Around The Web