Harvey Weinstein has sued his brother, Bob Weinstein, and former executives of The Weinstein Company. He claims they tricked him into guaranteeing a $45 million loan in 2016. Instead of using the money to save the company, they allegedly misused it for personal gain.

Weinstein, 72, filed the lawsuit on Thursday as part of an ongoing civil case in New York. A lender accused him of defaulting on the loan. He remains in custody while waiting for a retrial on sex crime charges.

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His lawyer, Imran Ansari, said Weinstein was “deceived by those closest to him” and secured the loan “under the pretense of saving The Weinstein Company.” He added that others “lined their pockets” while Weinstein was left to carry the debt.

Accusations Against Bob Weinstein and Executives

Weinstein alleges that Bob Weinstein and other executives plotted to remove him from the company. He believes they wanted control of The Weinstein Company, which went bankrupt in 2018 after his sexual misconduct scandal.

Bob Weinstein’s lawyer, Brian Kohn, denied the allegations. “Harvey’s allegations are entirely without merit,” he stated.

David Glasser, the company’s former chief operating officer and current CEO of 101 Studios (Yellowstone producer), was also named in the lawsuit. He has not responded to media requests.

Weinstein Says Funds Were Misused

AI International Holdings originally loaned the money to Weinstein and two affiliates of The Weinstein Company. However, Weinstein says Bob Weinstein, Glasser, and others tricked him. They promised the money would help the company but instead used millions for personal reasons.

The lawsuit states, “As a direct result of these actions, the Companies were drained of, at the very least, $12 million in cash that should have been allocated to repay the Loan owed to AI International.” Weinstein argues that their mismanagement left the company bankrupt and put him in serious financial trouble.

Fraud and Financial Misconduct Allegations

The lawsuit accuses Bob Weinstein of taking at least $6 million from company accounts under false pretenses. It also claims Glasser approved $5 million in excessive bonuses and unauthorized transactions. Additionally, Weinstein says Glasser used company funds to pay his father $1 million for no valid business reason.

Weinstein expressed his frustration, saying, “It was shocking to discover the fraudulent transactions that went on after I left the company. I now believe that a number of these executives played a big part in my demise.”

Weinstein Fights to Avoid Loan Repayment

AI International Holdings sued Weinstein and his affiliates in 2017, saying they failed to repay the loan. The company demanded full payment after Weinstein lost his position due to sexual misconduct allegations.

Weinstein claims Bob Weinstein and Glasser settled their share of the loan for $15 million, leaving him to pay the remaining $30 million plus interest. He now seeks protection from financial liability and compensation for alleged fraud.

Bob Weinstein recently asked the court to reject subpoenas from Weinstein’s lawyer.

Weinstein’s Fall from Power

Harvey Weinstein was once a Hollywood giant. He co-founded Miramax and produced films like Pulp Fiction and The Crying Game.

In 2017, the #MeToo movement exposed multiple allegations against him. Many women accused him of sexual misconduct.

Weinstein insists all encounters were consensual.

He faces a retrial for allegedly forcing oral sex on a production assistant in 2006 and raping an actress in 2013. A new charge, filed in September, accuses him of forcing oral sex on another woman in 2006.

His 2020 conviction and 23-year prison sentence were overturned last year. The appeals court ruled that the trial judge unfairly allowed unrelated accusations as evidence.