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Pink Taco Boss

Wells Fargo Screwed Me

Out of $1.3 Million ... Mang

4/24/2012 12:30 AM PDT BY TMZ STAFF
EXCLUSIVE

0420_harry_morton
Pink Taco founder (and famed restaurateur) Harry Morton claims he's the victim of a massive money-laundering scheme that defrauded him out of $1.3 million ... and Wells Fargo Bank is to blame -- this according to a new lawsuit.

Morton filed the docs in L.A. County Superior Court, claiming he hired a consultant named Carlos Nieto to handle the day-to-day accounting for his new Pink Taco location in West Hollywood -- and the guy royally screwed up, siphoning over half a million dollars of Morton's money into sham bank accounts.

But Morton isn't just blaming Nieto -- he's suing Wells Fargo too, claiming they weren't paying enough attention to the guy to notice his nefarious activities.

According to the lawsuit, Nieto stole a grand total of $674,000 -- which forced Morton to shut down construction on his new restaurant for 5 months.

As a result of the delay, Morton claims he's had to pay 5 extra months of extremely expensive bills -- rent, bank loan interest, insurance, contractors' fees ... etc.

Morton's suing for at least $1.3 million. Fun fact: he used to date Lindsay Lohan and his father founded the Hard Rock Casino.

24 COMMENTS

No Avatar
1.

campy    

Didn't the Pink Taco paint a donkey pink. I don't feel any sympathy for him. FOR THE DONKEYS!!!!

856 days ago
2.

Phreaky    

More proof that every single thing connected to Blohan gets skrewed. You shouldn't have slept with her Harry. She's bad juju.

856 days ago
3.

ftm    

Fin adv has name of character on Third Watch.

856 days ago
4.

myopinion    

Good Luck...there are too many people out there ripping people off!!! I hope you win!!!!!

856 days ago
5.

Anonymous    

So YOU hire the wrong guy, and don't check up on his accounting, and it is the bank's fault? You either gave them permission for him to sign on the account or you didn't. You apparently did.
The bank is not in the business of making sure YOUR guy is not an embezzler. F-OFF LOSER.

855 days ago
6.

Jeff Portlance    

Just another idiot that wants to blame a bank because he/she didn't manage their financial affairs or commitments. Start opening your bank statements once in awhile.

855 days ago
7.

niles    

Are they made with Pink Slime? Also, not wise to try and sue a bank, they are literally made of money.

855 days ago
8.

northern gypsy    

yes... go ahead and sue your "consultant"...however...have you ever tried to get $$$ from a bank without proper authority ??? in other words...H.M. signed on the dotted line for his "consultant" to have access...end of story !!!

855 days ago
9.

KicksandGiggles    

Yeah, send the thief to jail but us regular businessmen have brains enough to monitor our projects weekly especially new construction. Thief had permission & authority to act on his behalf. However,bank did have some responsibility if there were substantial withdrawals to "cash" or in consultants name, to raise a red flag. So frankly, its his fault just as much as the banks. Neither had a checks & balance system worth a crap.

855 days ago
10.

Canadasux    

Sorry, TMZ. Do the Math. Those are two, "fun facts," not one!

855 days ago
11.

Joao    

Wells Fargo is crocked...[trust me]

855 days ago
12.

Fat Mike    

If he's the guy who owns Morton's Steakhouse, he really shouldn't be complaining about "extremely expensive bills".

855 days ago
13.

Gloria Unread    

"Mang"
Am I missing some kind of joke here? :-S

855 days ago
14.

john wayne gacy    


at the end of the day, it
is not his money anyways;

daddy got this boy up and
running into a business.

if he actually earned a dollar of his own,
he would not know how to fold it ....

855 days ago
15.

Tim    

Wonder if sleeping with Lindsay gave him the inspiration for the name of the restaurant.

855 days ago
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