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Mel Gibson Sued In Recycled Rubber Dispute

6/15/2011 2:53 PM PDT BY TMZ STAFF

Mel Gibson is being sued by a man who claims Mel cajoled him to put his life savings in a newfangled technology to recycle tires ... the guy lost it all and now claims Mel is swindling him.

0615_mel_gibson_doc_launch_ex_2

Nader Sherif met Mel at a dinner party in 2007.  According to the lawsuit, Nader claims Mel started jawboning him about a Malaysian company called Green Rubber, which developed a technology to devulcanize rubber so old tires could be recycled.

Sherif claims Mel tried convincing him to invest $200,000 in the company -- his entire life savings.  Sherif says he was resistant, but someone from the company who was present at the dinner assured him the company would re-purchase Sherif's stock for the full face value whenever Sherif wanted.

But Sherif was still uneasy, telling Mel he had just had a child and could not afford to lose money. Sherif alleges Mel -- who is a "significant investor" in the company --  then told him if the company wouldn't make good, Mel would buy the shares from Sherif for the full $200,000.

Short story -- Sherif was going through hard financial times and wanted Green Rubber to buy his stock back.  Sherif claims the company repeatedly refused to do so, and he then went to Mel, who allegedly ignored his demand.

Sherif is suing for $200,000 plus interest. We could not reach Mel's rep for comment.

0615_green_rubber_awardHere's a video of Mel back in 2008 -- presenting an award to the CEO of Green Rubber at the Global Green Sustainable Design Awards.

165 COMMENTS

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Previous 15 Comments | 5 | 6 | 7 | 8 | 9 | 10 | 11
151.

Katie    

What a load of bull. Leave Mel alone, just another money hungry idiot wanting to put the blame on someone else, and who else but Mel hey?! Easy target. Gah!

1226 days ago
152.

PRO US    

Curious 12 hours ago

Pro US -
Do you include the cars being set on fire as "no big deal"?
---------------------------------------------------------------
No. It got pretty bad there. A lot of hooligans. Doesn't reflect on Vancouver or Canada. Just on the miscreants themselves.

1225 days ago
153.

Tellthetruth59    

New thread

1225 days ago
154.

CA Girl    

Never put ALL your money into ANY one investment. Very bad idea for anyone reading this. For the record: as sad as it is to lose your shirt in an investment, nobody tied this guy up and forced him to write a check for $200,000 - his life savings. He took a chance, things changed (like they're changing for all of us out here in CommentLand for the worse, in a majority of people's lives) and now he's going to go after the person who (he thinks) has the deepest pockets. That would be Mel Gibson.

1225 days ago
155.

mels gibson    

So, Mel is not only a drunk, anti-Semite, madman and misogynist, he is also a con man? No surprise there.

1225 days ago
156.

Bunny that earns scooby snacks!    

Dude--using his name is breaking the law. Even with an S on it.

1225 days ago
157.

PM    

These two have no clue how the tire recyling buisness works! And taking it to Malaysia. HAHAHA! They will be closed down before they even open.

1225 days ago
158.

THE BEAVER    

Yeah, and why would you use Mel's name, when it seems you hate the man, dude? If I hate or can't stand someone, the last thing I would call myself is their name. lol

1225 days ago
159.

Karls    

mels gibson 7 hours ago
So, Mel is not only a drunk, anti-Semite, madman and misogynist, he is also a con man? No surprise there.

I was going to write something about how stupid you look, but you know that already :)

1225 days ago
160.

Loving Monterey    

Let's see.....hmmmmm? Mel has a couple hundred million. Why on earth would he need some guys couple hundred thousand? Why would Mel beg for $200,000?

1224 days ago
161.

chris     

Rabbit Stew 21 hours ago
Dude--using his name is breaking the law. Even with an S on it.
------
how can you make this claim?

1224 days ago
162.

Fidel's niece    

Mel and rubber law suit???
Who cares

check this out -
Gaily Mail UK article with photos
"Single and ready to mingle: Mel Gibson
surrounds himself with women on a Hollywood
night out"

Mel out on the town wed. June 17
at the Skybar at the Mondrian Hotel
in W. Hollywood for the book party
"The Summer We Came to Life" by
Deborah Coyed.

aned the same brunette from the Four Seasons
sitting on his right in the 1st picture
and couple of others bellow

http://www.dailymail.co.uk/tvshowbiz/article-2004728/
mel-gibson-surrounds-women-hollywood-night-out.html

1224 days ago
163.

God-Is-Busy    

Mel seems to enjoy his life and so he should. Just wish he would get back together with Robyn.
And stop smoking!

1224 days ago
164.

God-Is-Busy    

Well MidWest, then I am in good company. Christ had a very bad reputation. So thought half of the Sanhedrin, the rest wasn't invited. They thought otherwise. We all know what happened then.

1224 days ago
165.

elaine foster    

CEO of Green Rubber is best friends with Mel Gibson and the actor visits him regularly in Malaysia since he is not allowed to leave the country.

Vinod Sekhar is considered a billionaire but how can one be a billionaire if one is broke?

http://www.mmail.com.my/content/65351-billionaire-vinod-sekhar-walks-free

1220 days ago
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