"That '70s Show" Star Danny Masterson Suckered Out of Millions of Dollars - Sitcoms Online Message Boards

Brian Damage · 07-17-2010, 12:12 PM

Danny Masterson -- who played Hyde on "That '70s Show" -- tried to dabble in a little real estate back in 2007 ... but claims he was duped into holding the bag on a $3.2 million condo that was never even finished.

Masterson -- whose rep says this is "one of 30 developments Danny has been involved in over the last 10 years" -- claims he went into business with a company called TomatoBank ... and agreed to co-sign a $3.2 million loan for a fancy 4-story condo in Toluca Lake, CA in 2007.

But according to docs filed in L.A. County Superior Court, Masterson claims the builders ran into some permit issues -- so TomatoBank secretly approved a 3-story structure instead ... all without telling Danny.

Of course, Masterson eventually found out -- and now claims he's screwed because he's on the hook for a $3.2 million loan ... but only has an unfinished 3-story building to show for it ... which obviously doesn't cover his debt.

So, Danny is asking the court to force TomoatoBank to cover his losses -- and wants his loan agreement tossed in the garbage.

http://www.tmz.com/2010/07/14/danny-...ction-lawsuit/

catlover79 · 07-17-2010, 12:15 PM

YIKES.

80sTrivia · 07-17-2010, 12:18 PM

I hope Danny can get this all straightened out!

TheFever · 09-15-2010, 04:29 PM

I really hope he can get this money back. Real estate is not a good market to get into.

Blackout · 05-24-2012, 01:21 AM

i thought it was swindled by his Scientology pals

07-17-2010, 12:12 PM	#1
Brian Damage I'm Rich Bitch Forum Icon Join Date: Feb 03, 2002 Location: What Ain't No Country I Ever Heard Of...They Speak English in What? Posts: 63,107	"That '70s Show" Star Danny Masterson Suckered Out of Millions of Dollars Danny Masterson -- who played Hyde on "That '70s Show" -- tried to dabble in a little real estate back in 2007 ... but claims he was duped into holding the bag on a $3.2 million condo that was never even finished. Masterson -- whose rep says this is "one of 30 developments Danny has been involved in over the last 10 years" -- claims he went into business with a company called TomatoBank ... and agreed to co-sign a $3.2 million loan for a fancy 4-story condo in Toluca Lake, CA in 2007. But according to docs filed in L.A. County Superior Court, Masterson claims the builders ran into some permit issues -- so TomatoBank secretly approved a 3-story structure instead ... all without telling Danny. Of course, Masterson eventually found out -- and now claims he's screwed because he's on the hook for a $3.2 million loan ... but only has an unfinished 3-story building to show for it ... which obviously doesn't cover his debt. So, Danny is asking the court to force TomoatoBank to cover his losses -- and wants his loan agreement tossed in the garbage. http://www.tmz.com/2010/07/14/danny-...ction-lawsuit/
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07-17-2010, 12:15 PM	#2
catlover79 God Bless Val Forum Addict Join Date: May 29, 2006 Location: Bewitched in Ohio Posts: 70,376	YIKES.
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07-17-2010, 12:18 PM	#3
80sTrivia Member Forum Celebrity Join Date: May 23, 2002 Posts: 21,715	I hope Danny can get this all straightened out!
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05-24-2012, 01:21 AM	#5
Blackout Sart Bimpson Senior Member Join Date: Jan 13, 2003 Location: where the sun rises Posts: 2,235	i thought it was swindled by his Scientology pals
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09-15-2010, 04:29 PM	#4
TheFever Member Forum Hawk Join Date: Sep 15, 2010 Location: Orlando FL Posts: 3	I really hope he can get this money back. Real estate is not a good market to get into.