We have all been there right…we see a bigger picture than others see. Nick Hogan is regretting becoming an investor in a record company that never happened.
Hogan wants his investment back and is taking legal action against Louis Adkinson and Damon Elliot. The threesome were each to put up $50,000 back in January to start a record production company called Confidential South, LLC.
The business never even got off the ground and Elliot and Adkinson never lived up to their side of the bargain. Nick said that he was assured that if the company did not materialize he would get his investment back.
That’s not all. Louis and Damon are said to have run up a bill of $80,767 on Nick’s American Express card. One has to wonder why he would give out his card…right?
Nick is seeking a sum exceeding $130,000 in a recently filed lawsuit.
Photo: WENN