Some hedge fund managers got out of the high-speed Sunset Strip car crash that was Relativity Media just in time, and got to live another day to become the 77th United States Secretary of the Treasury. Others did not, but are still Paul Singer. And still others also did not, but had the misfortune of thinking that Relativity’s exceedingly odious leader, Ryan Kavanaugh, had friends, and that they counted themselves among them, and that they could lend their friend the relatively trifling sum of $2.5 million without fear. Carey Metz makes up the latter category and, well, we can’t tell his story any better than his lawyers have.
In a town full of scam artists, posers, false prophets and flim-flam men, Ryan C. Kavanaugh is in a Hollywood class by himself. During the first half of 2015, Kavanaugh was piloting Relativity on a crash course directly into the side of a mountain of debt. At risk for Kavanaugh was his poolside table at Chateau Marmont, his charitable largesse on his investors’ dime, the saccharine taste of celebrity friendships, the private jets and fast cars, the helicopter rides to and from his Malibu beach house to the office, and his use of Relativity’s rapidly dwindling cash as his own personal ATM to fund the lavish and orgiastic lifestyle to which he had grown accustomed….
In the weeks and months leading up to Relativity finally having to pay the bill on Kavanaugh’s epic failure, as Relativity hemorrhaged cash under Kavanaugh’s mismanagement, and as Kavanaugh’s claimed penchant for picking successful movies was exposed as nothing more than an alchemist’s failed efforts to spin lead into gold, Kavanaugh saw himself diminishing from a self-described Hollywood mogul into just another lost soul in the city of dreams. Desperate to avoid the fate he deserved and had earned, Kavanaugh was willing to say anything to anyone in order to raise desperately needed cash, including by lying to his friend and then-business partner Carey Metz.
And you know what? The people writing this know of what they speak, for they are attorneys at Kasowitz Benson Torres, longtime counsel to the world’s most famous scam-artist, poser, false prophet and flim-flam man, President Donald John Trump.
Ryan Kavanaugh Is Lampooned as Relativity Investor Seeks to Keep Fraud Lawsuit Alive [Hollywood Reporter]