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Tareq Salahi claims that Neal Schon ruined his entire life and is suing the Journey rocker, who ran off with his reality star wife Michaele, for $50 million dollars.

The lawsuit was just filed by Salahi in Virginia.

Tareq says he and Michaele Salahi were on track to make a huge fortune together from multiple reality TV shows including Dancing with the Stars … yeah right.

According to the suit, they had an offer to participate on the Australian DWTS in 2011 … for $150,000. Not a bad chunk of change, but a fortune? Really?

Plus, he claims, the White House party crashers also had an offer to appear on another network TV show in the U.S. Which he does not name, of course.

Tareq claims the TV shows pulled their offers when Michaele Salahi ran off with Neal Schon last fall, and that Schon waged a campaign to humiliate him.

Tareq says Schon used the affair to inflict suffering upon him, emailing a pic of his penis and calling him on the phone to tell him, “I’m f**king your wife!”

In the suit, Tareq claims, “The act was a metaphorical slap in the face.” Negative points for filing a frivolous lawsuit, but bonus points for not saying “literally.”

Tareq claims Schon humiliated him in public, too, as the publicity would increase interest in Journey’s tour … which resulted in a major attendance boost. 

Tareq is demanding at least $50 million for emotional distress, conspiracy to defame, interfering with a contract and defamation … plus punitive damages.