Reid Drescher, husband of Aviva Drescher of “The Real Housewives of New York City” and cousin of “The Nanny” star Fran Drescher, was sued by P&A Ventures LLC, a California-based cannabis company. His companies — Gateway Privileged Fund LLC, Cape One Management LLC, Hudsie Harver LLC and Spencer Clarke LLC — were also named as defendants.
“Touting his relationship with celebrities, including his cousin, Fran Drescher, the star of ‘The Nanny,’ and his wife, Aviva Drescher, of Bravo’s ‘The Real Housewives of New York,’ Reid Drescher claimed to have deep pockets and a roster of powerful business and celebrity connections that would propel [P&S Ventures] to the next level,” the complaint stated.
P&S claims that it refrained from engaging in opportunities with other investment groups based on Drescher’s misrepresentations, ultimately leading to the agreement to sell 15% to Gateway and 5% interest to Hudsie Harver at a “vast discount.”
P&S alleges the deal quickly went sour when Drescher and Gateway were unable to produce the promised $5.4 million.
“As Drescher was forced to admit, Gateway did not — as represented — have a pool of capital on hand sufficient to fund the entire $5.4 million investment. Instead, Gateway needed to go out and solicit capital from outside investors, which was not readily forthcoming,” the complaint stated.
To Read The Rest Of This Article By Katryna Perera on Law360
Published: March 16, 2022
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