The founder of Krossover Entertainment, Carmelo Anthony, is taking his former business manager to court. Anthony is suing Larry W. Harmon for misappropriation of funds. The suit, which was filed Monday, claims that Harmon and employees of Larry Harmon & Associates Professional Association “breached their fiduciary duties by transferring $1.75 million of Anthony’s money without his knowledge or consent to a company formed by Harmon.” It also cites that an additional $265,500 was “discovered to have been invested in third parties without Anthony’s knowledge or consent between 2005 and 2008.”
His lawyer, Robert W. Hirsh, reached out to the Associated Press saying:
“I intend to aggressively represent Carmelo Anthony. The evidence which I have reviewed strongly suggests that Carmelo Anthony’s former business manager plundered his assets. It is reprehensible that professional athletes are so often victimized.”
Larry Harmon declined to comment.
While awaiting the settlement in court, Anthony’s been keeping busy with his latest entrepreneurial endeavor, a record label. Krossover Entertainment was formed by Anthony in 2006 under its parent company, Universal Records. He currently has two rappers signed to the label, rapper Diego Cash of Atlanta and most recently Philly rapper, Cassidy, who he signed in 2008. He also signed producer, Soundz and R&B singer Alesia Miller.
