Comic legend Stan Lee has filed a case against his former manager Jerardo Olivarez for business fraud.
The 92-year-old former editor-in-chief of Marvel Comics has sued Olivarez after an in-depth investigative piece by The Hollywood Reporter about an alleged elder abuse and a sour feud over his estate came to light.
As per the complaint, filed yesterday by his attorney Jonathan Freund in LA County Superior Court, Lee alleges Olivarez is one of many "unscrupulous businessmen, sycophants and opportunists" who are seeking to take advantage of him after his wife, Joan Lee's death in July last year.
Freund writes in the complaint, "While Lee was in great distress over this severe loss, Olivarez... Fired his banker of 26 years. They also fired his lawyers of many years and caused approximately USD 4.6 million dollars to be transferred out of Lee's Merrill Lynch Account without Lee's authorisation."
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