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James Franco Ex-Manager Accused Of Stealing Money From Actor For Years

Truth rating: 10

By Daniel Gates

(Getty Images)

James Franco was allegedly cheated out of money for years by his former manager, according to a new lawsuit.

According to the court filing obtained by TMZMiles Levy told his James Levy Management partners in 2006 that Franco would only pay a 10 percent fee rather than the standard 15 percent.

Except that wasn’t true.

Franco kept paying Miles Levy the full fee, and the manager allegedly pocketed the extra 5 percent for himself.

Levy also allegedly used Franco’s credit card for himself, running up a six-figure bill, according to court documents.

He and Franco reportedly reached a settlement last year, but now Levy Management’s other partners have filed a lawsuit seeking restitution.

Gossip Cop will have updates.

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