The Friars Membership is suing Michael Gyure for $2.3 million in damages.
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The previous head of the Friars Membership allegedly bilked the famed establishment of practically $1 million and embezzled “on a unbroken foundation,” in response to a lawsuit.
The historic membership, which was once overseen by speak present legend Larry King and the place Henny Youngman, Milton Berle and Frank Sinatra would maintain courtroom, was shut for greater than a yr by a flood and the coronavirus pandemic. It reopened final yr.
Michael Gyure, 54, allegedly secretly owned an leisure firm whereas main the Friars Membership and signed over the appropriate to the use the Friars title “in perpetuity” to that enterprise with out the membership’s data or permission, the membership claims in its Manhattan Supreme Courtroom lawsuit.
The corporate Gyure owned by no means forked over the $150,000 payment to make use of the title, and after Gyure’s enterprise misplaced greater than $616,000 on a January 2015 occasion, he used Friars’ funds to cowl the loss, in response to courtroom papers.
“Throughout Michael Gyure’s tenure, this century-old establishment skilled its close to dying and dismemberment principally grounded in and fostered by his malfeasance, manipulation, mismanagement and greed,” the membership prices within the litigation. “Not solely did he breach his employment obligations and his fiduciary responsibility however he orchestrated and dedicated fraud and embezzlement on a unbroken foundation all through his tenure.”
The Friars are demanding $2.3 million in damages.
The Friars Membership caught with Gyure by means of thick and skinny: years of economic hassle; a 2017 raid of its fifty fifth Road clubhouse by the FBI; and even gave him a brand new contract after his 2019 responsible plea for submitting false tax returns and failing to reveal $433,000 in revenue.
The “beloved” Gyure quietly left the membership in 2020, the Friars mentioned in a fawning announcement on the time, ostensibly due to the struggling membership’s “lack of ability to satisfy the phrases of his contract.”
Gyure didn't return a message in search of remark.
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