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'Liz & Dick' Lawsuit

Allegations of

Epic Scam

2/21/2013 6:02 PM PST BY TMZ STAFF
EXCLUSIVE

0221_lindsay_lohan_liz_and_dick

A producer who is Lindsay Lohan adjacent is accused of scamming an investor out of $110,000 -- the amount the producer claimed was necessary to insure LiLo on "Liz & Dick."

Michael Braun claims in 2012 ... he was approached by a Hollywood producer named Rick Schwartz, who said he was trying to drum up money for the upcoming "Liz & Dick" production.  Braun claims in his lawsuit ... Schwartz told him he needed $110,000 to get an insurance policy for the high-risk actress.

After some discussion, Braun claims he anted up the cash. 

Fast forward to completion of the film, when Braun asked Schwartz to repay the loan.  Braun says in the lawsuit it quickly became obvious... Schwartz had scammed him -- that Schwartz had NOTHING to do with the film and he was just out to fleece an unsuspecting rich guy.  

Braun says after confronting Schwartz, he got back a measly $36,313.67.  Now he wants the rest, plus punitive damages for alleged fraud.

But we did some checking and it turns out Schwartz does have a Lindsay connection.  Although his credits do not include "Liz & Dick," he did work with Lindsay as a producer on "Machete."  He was also a producer on Lindsay's non-Emmy winning movie, "Labor Pains."

95 COMMENTS

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16.

TEAM LAMMY    

Lindsey not worth the paper the money is printed on.

547 days ago
17.

MADISYN, LIAISON TO THE H8TURDS!!    

Is it me or is this thread useless? About 2 guys NO ONE ever heard of. Can we go back to Pitbull?

547 days ago
18.

ilovegossip    

It sure seems like anything that Lindsay touches turns to crap...whether she had anything to do with it or not!

547 days ago
19.

tleeg    

Who cares? The movie was a joke and the acting was complete garbage....thanks to Miss Lohan.

547 days ago
20.

Mumra the Ever Living    

Should we screw this boring, nothing story and go back to the previous, juicy, story?

547 days ago
21.

LISA    

OK, this really doesn't have anything to do with Lindsay. Why not just post a story about the dress incident?

547 days ago
22.

the Seeker    

dumb ass should have seen that ***in'

547 days ago
23.

Hot Farts    

Now ya know tater's got a hand in this...this is criminal and I am sure dude will be arrested for felony fraud and grand theft

547 days ago
24.

the Seeker    

I missed you Lindsay !!

547 days ago
25.

ihateskanks    

She should just kill herself already. My god what a ****ing trainwreck of a human being. She doesn't deserve a single penny she makes

547 days ago
26.

Phreaky    

Lol @ non-emmy winning movie. Anyone that seen Liz and Dick or Lindsay on SNL recently knows she has lost all ability to "act" - there won't be an emmy or oscar movie ever.

547 days ago
27.

Sheryl    

Ok, could someone tell me what "Lindsey Lohan adjacent" means?? Or is that another TMZism? Confused.

547 days ago
28.

jill    

apparently schwartz has scammed in the past.

http://www.hollywoodreporter.com/thr-esq/fight-producers-missed-black-swan-174335

It's a doozy, too, full of allegations that Overnight LLC topper Rick Schwartz mishandled money, behaved erratically, and misappropriated his identity.

547 days ago
29.

Grandma Cracker    

There is more to this story than TMZ is saying. Google this Rick Schwartz guy.

547 days ago
30.

Grandma Cracker    

Rick Schwartz (III) More at IMDbPro »
Mini Biography
Rick Schwartz is a leading independent film producer and financier based in New York. Throughout his career, he has worked on a wide range of critically acclaimed and commercially successful films including The Aviator, Gangs of New York, Machete and Black Swan. Schwartz has been involved with movies that have grossed over $1 billion dollars in worldwide box office sales and earned 31 Academy Award Nominations.

In 2008 Schwartz founded Overnight Productions, which has financed and produced movies by directors such as Robert Rodriguez, Darren Aronofsky and Gela Babluani. Future projects include Machete Kills, a sequel to the popular genre movie to be directed by Robert Rodriguez and star Mel Gibson, Jessica Alba, Amber Heard, Michelle Rodriguez and Danny Trejo; Spectra, a supernatural horror film to star Nicole Kidman who is also producing; Southbound, a thriller to be directed by Jonathan Jakubowitz; Goree Girls, a musical drama to be produced with Jennifer Aniston who is also starring; and Tatua, an action thriller that will be the first in a franchise; and Fit Model, a teen comedy set in the world of high fashion modeling, co-developed with Full Picture, the creators of Project Runway and the Victoria's Secret Fashion Show.

Prior to launching Overnight, Schwartz produced such award-winning films as The Aviator and The Departed. He began his career at Miramax under Harvey and Bob Weinstein, eventually serving as the company's Senior Vice President of Production. During his 7 year tenure at Miramax, Schwartz was entrusted with the development and production of some of Miramax's most high profile, big budget projects including Martin Scorsese's epic Gangs of New York and Alejandro Amenabar's worldwide critical and commercial success The Others.

He is active in numerous charities, including The Robin Hood Foundation, United Jewish Appeal, and Amfar. He is a member of the Producers Guild of America and the Screen Actors Guild, as well as a published writer in such outlets as The Huffington Post, Grantland and The London Times.

547 days ago
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