Calvin Harris Accuses His Financial Adviser of $22M Theft: ‘Absolutely Breached That Trust’

Calvin Harris is taking ineligible enactment against his longtime fiscal advisor for allegedly duping him into investing $22.5 cardinal successful a doomed existent property task “to simply steal” funds from the prima DJ.

The allegations are revealed successful caller tribunal documents filed Friday (Sept. 12) by Harris (Adam Wiles) against Thomas St. John, the Scottish euphony producer’s fiscal advisor of implicit a decade. Harris filed a petition to enforce a impermanent injunction successful his ongoing arbitration against St. John, and successful the process, publicized the details of that backstage arbitration, which has been taking spot down closed doors since June.

Harris’ June 28 arbitration demand, obtained by Billboard, levels much than a twelve civilian claims against St. John and a radical of alleged co-conspirators, including breach of contract, fraud and malpractice.

“Out of necessity, Mr. Wiles surrounds himself with professionals, including TSJ, successful whom Mr. Wiles placed his spot to guarantee his net are protected, his investments are smart, and his household and aboriginal are secure,” reads the arbitration demand. “However, alternatively of acting successful Mr. Wiles’s champion interests, TSJ and the different respondents wholly and perfectly breached that trust.”

According to the documents, St. John bought a tract of onshore successful Hollywood successful 2021 with plans to make a signaling workplace and originative bureau space. Harris says St. John aboriginal became strapped for currency and took vantage of their narration to motion $22.5 cardinal implicit to the task successful the DJ’s sanction successful 2023.

Of this $22.5 cardinal investment, $10 cardinal was successful the signifier of a loan, which St. John allegedly ne'er paid back. The different $12.5 cardinal was an equity involvement successful the existent property task — but Harris says this concern “has been, astatine best, a implicit boondoggle, and, astatine worst, a implicit fraud.”

“Mr. Wiles has not received a azygous penny successful instrumentality for that investment, and, indeed, respondents person not adjacent started processing oregon gathering the project,” reads the arbitration demand. “In fact, soon aft Mr. Wiles purportedly made this $12.5 cardinal investment, TSJ … distributed implicit $11 cardinal dollars to himself.”

Harris says helium has “no thought what precisely happened” with his money. According to the petition, St. John has since shifted the absorption of his existent property task distant from a signaling workplace and toward a residential development.  

In aboriginal August, retired justice Michael R. Wilner was appointed to oversee the quality arsenic an arbitrator. Harris and St. John agreed connected a impermanent injunction that freezes definite assets portion the substance is litigated, starring Harris to record the tribunal petition connected Friday seeking to corroborate and enforce this injunction.

A lawyer for St. John, Sasha Frid, says successful a connection provided to Billboard connected Monday (Sept. 15) that his lawsuit “denies immoderate wrongdoing” and that Harris “actively pursued” an concern successful the Hollywood existent property project.

“Unhappy with the gait of the project, helium chose to prosecute backstage arbitration to asseverate his discontent,” says Frid. “It’s nary concealed that owed to involvement rates and different marketplace factors existent property projects are taking longer to build. But the improvement is precise overmuch viable and expected to person a $900+ cardinal valuation erstwhile completed.”

Reps for Harris did not instantly instrumentality a petition for comment.