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Comic Book Hero Stan Lee Sues Former Manager For Alleged Elder Abuse And Fraud

Stan Lee Sues Former Biz Manager Alleged Elder Abuse Fraud-PP

Apr. 14 2018, Published 12:43 p.m. ET

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Beloved former comic book writer, editor, and publisher Stan Lee is suing a former business manager for fraud and elder abuse, as Deadline has reported.

The lawsuit filed in Los Angeles Superior Court claims that the man, among other misdeeds, extracted and sold vials of the Marvel Comics legend's blood as "collectibles" in Las Vegas!

The explosive court papers say that Lee, now 95, was grieving the death of his wife of 70 years, Joan B. Lee, in late 2017 when he became the target of "unscrupulous businessmen, sycophants and opportunists."

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According to the suit, Jerardo Olivarez, a former business manager, allegedly took control of Lee’s professional and financial affairs and used that access to enrich himself.

The legal papers reportedly charge that within days of Joan’s death, Olivarez and others fired Stan Lee’s longtime banker and attorney, and transferred $4.6 million out of Lee’s bank account without authorization.

According to the filing, Olivarez pulled a charity money scam off on Lee.


But most bizarrely, the suit contends that Olivarez instructed a nurse to extract blood from Lee, which the organization "Hands of Respect" later sold in Las Vegas for thousands of dollars.

Family friend Keya Morgan said, "There are shops in Las Vegas selling Stan Lee’s blood. They’re stamping his blood inside the Black Panther comic books and they sell them for $500 each."

Other charges in the court docs claim that Lee also unknowingly purchased a West Hollywood condo for Olivarez for $850,000—plus another $1.4 million has allegedly disappeared from Lee’s accounts.

Lee, who created such super heroes as Spider-Man, Iron Man, and the X-Men, seeks an accounting of his funds and demands restitution.

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