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James Franco's Ex-Manager

Sued for 8 Years of

Stealing & Skimming Franco's Millions

4/18/2014 11:00 AM PDT BY TMZ STAFF

James Franco's former manager was robbing the actor blind for nearly a decade by skimming commissions and running up huge tabs on Franco's credit card ... this according to a lawsuit filed by the manager's own firm.

Back in 2006 ... Miles Levy allegedly told his partners at James Levy Management that Franco no longer wanted to pay their 15% fee, and instead would only fork over 10%. The firm agreed to the discount, but according to the suit ... Levy continued to charge Franco 15% and just pocketed the 5% for himself.

Miles had some help pulling this off -- according to the docs ... prominent celeb accounting firm Tanner Mainstain helped him set up a shell company to deposit the siphoned cash. Tanner Mainstain also allegedly collected fees for their dirty work.

According to the suit ... Miles was also digging into Franco's pocket by using the actor's credit card to make personal purchases. He allegedly ran up a six-figure balance.

The jig was up last year because according to the docs ... Franco reached a settlement with Miles in December -- but now his former partners at Levy Management want their pound of flesh too.


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So...they now both have a lot of money neither of them deserves.

196 days ago


What a dumbass.

196 days ago

Ryuga the Dragon Emperor    

I wouldn't be surprised if it was true.

196 days ago


Who cares he's a creep

196 days ago


james tried to pick up an underage girl..yet the media swepted it under the rug..had he been ordinary joe who did would be all over the news and the commentors would be calling for his genitals to be cut off

196 days ago


I like how the author put the little pun reference from Shakespeare "Merchant of Venice". Sadly, I bet half of the people here wont catch that joke.

196 days ago

James R. - Los Angeles    

Never heard of him. But obviously, this story is fabricated. Everyone, especially agents, producers and directors in Hollywood are extremely honest and decent.

196 days ago


Rich people problems.

196 days ago

Nobody Special    

This happens more than you think. You need to hire 3 to 5 Lawyers to check and audit the work of others in a complected Business client.
Like Justin Bieber, he is so stoned all the time he has no clue what his money is doing and how much is milked from him. He hired Roy Black to help with his Criminal Business, but he needs to hire the best Entertainment Lawyers like Barry Tyerman in Woodland Hills, Barry is an Eagle watching Clients money and it's well worth the extra money to hire the best.

196 days ago


for Franco supposedly being a smart guy- this doesn't look good

196 days ago


Wow. Just wow. Having friends who have some notoriety, I can't say I'm shocked. Everyone, from family, friends, to business individuals who are crewmen on the ship that is celeb.. have their hands out and stuffed into.. every pocket imaginable. Everyone feels entitled. Everyone wants a piece of the pie.

I hope like hell he'll take a lesson from this and highly suggest he gets an independent audit of his accounts, at least biannually. And that every damned person crewing that Franco ship.. knows that audit/reconciliation is coming. Nothing keeps them honest when they know there's no oversight that will call them on their B.S.

196 days ago


This continously happens to these actors and other entertainers and these people don't seem to learn for others' mistakes with entrusting their money to strangers. When it comes your money TRUST NO ONE!

196 days ago


That sucks franco Is a good guy

196 days ago


Two Jewish guys fighting over money, don't figure...

196 days ago


Stay in School kids.

195 days ago
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