Actor James Franco’s accounting firm is embroiled in a lawsuit over accusations that his former talent manager illegally diverted money from the actor’s commissions to fuel a gambling habit.
The lawsuit claims that Franco’s former talent manager, Miles Levy, told his business partners, Randall James and Kenneth Jacobson, that Franco no longer wanted to pay them a 15 percent commission, but would only pay 10 percent, according to Variety. However, the lawsuit claims that Franco had never made such a demand and that Levy instead had diverted the extra 5 percent from Franco’s roles in movies such as the Spider-Man trilogy to himself and a company he had set up called Down Goes Frazier.
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