Aviva Drescher's husband, Reid Drescher, claimed to have entry to gobs of money to spend money on Los Angeles-based marijuana grower P&S Ventures LLC.
American Media/Getty Photographs for OK! Journal
The husband of an ex-“Actual Housewife” used her fame to bamboozle a marijuana grower into an funding deal — and despatched the enterprise up in smoke when his private-equity fund didn’t cough up the cash, in response to court docket papers.
The fund — Gateway Privileged Fund LLC — is managed by Reid Drescher, husband of RHONY Aviva and cousin of Fran Drescher, star of “The Nanny.”
Reid Drescher claimed to have entry to gobs of money to spend money on Los Angeles-based marijuana grower P&S Ventures LLC, in response to P&S’s swimsuit, filed Monday in Manhattan Supreme Courtroom.
“Drescher bragged that he was a cousin of Fran Drescher, who performed The Nanny within the tv sequence of that title, and that his spouse, Aviva Drescher, was on Bravo’s Actual Housewives of New York, claiming to have many celeb contacts in consequence,” the swimsuit mentioned.
Aviva Drescher — well-known for throwing her prosthetic leg at one other housewife onscreen — was minimize from the hit present in 2014.
Believing his “quite a few materially false representations,” P&S agreed to just accept a $5.4 million funding from Drescher’s fund in trade for inventory.
However Reid Drescher was quickly “pressured” to confess that his fund didn’t have the promised cash, the swimsuit mentioned.
The fund had raised simply $1 million of a deliberate $120 million as of 2019, in response to its most up-to-date securities submitting.
Gateway finally solely kicked $1.35 million into P&S. The shortfall was “extremely damaging” to P&S, the swimsuit mentioned and drove it right into a “expensive and damaging receivership,” the swimsuit mentioned.
P&S is searching for compensatory and punitive damages, and asking for its contract with Gateway to be canceled. An lawyer for P&S, Matthew Press, declined to remark.
An lawyer representing Drescher and Gateway mentioned P&S’s lawsuit was “a frivolous contract declare.”
“The entity that's being sued shall be submitting some very critical counterclaims,” Richard Roth, lawyer for Drescher and Gateway, mentioned in an interview. “We’re going to file a large counterclaim right here. We’re going to carry the plaintiffs answerable for their contractual obligations.”
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