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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

No Avatar
31.

God-Is-Busy    

I am worth a billion Bucks! You should know by now :-)

1135 days ago
32.

Mork12    

Boy that's a lame brained idea, It not just the top of the tire that goes bad...greenies are snake oil salesmen

1135 days ago
33.

Bunny that earns scooby snacks!    

Mel went into that business with another name/star--who was it?

1135 days ago
34.

angelika466    

Pooh's Rabbit less than a minute ago

Mel went into that business with another name/star--who was it?
__________________________________

Hopefully not Madoff.

1135 days ago
35.

God-Is-Busy    

By the way, no forgiveness. Your arrogance stinks to high heaven, you have no heart, you hide behind so called friends. YOU ARE MUCK! And so are those that associate with you. Mel is strong and is a man, but I am still going to call on him for one thing. But you BUDDY, ARE HISTORY!!

1135 days ago
36.

Bunny that earns scooby snacks!    

LOL@Angel!

Nope, wasn't him ;)

1135 days ago
37.

angelika466    

It was Bruce Willis.


http://gibbofan.net/mel-gibson-presents-award-to-green-rubber/

1135 days ago
38.

What You Really Want To See    

Pooh's Rabbit 4 minutes ago
Mel went into that business with another name/star--who was it?
--------------------------------

whatchtalkinabout bruce willis

1135 days ago
39.

Observer    

This guy is nearly bad a joke as the greenies. Thats what you get when you don't look into stats.
It's nice to want 'Green Technology' however it cost 'far' more than it's worth. Solar companies moving out of CA for China, Government subsidies because it can't make money, hybrid cars less efficient than gas powered (look it up)....
You don't make decisions based on 'wishful thinking' or how it makes you 'feel', you make them on common sense and practicality. Something this guy obviously didn't do. Who invests 'all' of they're savings in one thing that have a brain. Obviously this numbskull.

1135 days ago
40.

Bunny that earns scooby snacks!    

THANK YOU!

1135 days ago
41.

God-Is-Busy    

Sorry Mel, no can do.

1135 days ago
42.

Tellthetruth59    

@Observer - very true.

1135 days ago
43.

chris     

angelika466 5 minutes ago
It was Bruce Willis.


http://gibbofan.net/mel-gibson-presents-award-to-green-rubber/
----------

and he also filed a lawsuit:

http://current.com/entertainment/movies/89553769_bruce-willis-sues-over-green-rubber-investment.htm

1135 days ago
44.

God-Is-Busy    

Take those ludicrous cartoon figures out of the way, will ya ? You are about to get your ass kicked and I would hate to see you look like a total **** *** that you are. Do it for the kids, will ya ? and the rainforest ? *puke*

1135 days ago
45.

Dawn    

Ever here "Don't put all your eggs in one basket" Who in their right mind with a new child sinks their life savings into a company just because they said it was a good deal? DO YOUR OWN RESEARCH! Learning a lesson the hard way. What an idiot!

1135 days ago
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