Reid Drescher, the 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—GGateway 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 says that Drescher’s lies kept it from pursuing opportunities with other investment groups, which led to the agreement to sell 15% of the company to Gateway and 5% to Hudsie Harver at a “vast discount.”
P&S says that the deal quickly went bad when Drescher and Gateway couldn’t come up with the $5.4 million they had promised.
“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 seek capital from outside investors, which was not readily available, according to the complaint.