The attorneys representing Kevin O'Leary's alleged victims are calling out Mr. Wonderful's claim that someone has stolen his identity and is using his likeness without his consent to reportedly scam business owners out of millions.
In an exclusive statement to Radar, Tre Lovell of The Lovell Firm disputes the Shark Tank star's claim.
"The statements of Mr. O’Leary came directly from videos where he discusses both InventureX and Ideazon, and specifically endorses principals of each company, by name. The transcriptions of each video are in the complaint," Lovell says.
As Radar exclusively reported, 20 alleged victims filed a lawsuit against O'Leary and his Shark Tank co-star Kevin Harrington accusing them of fraud.
In the lawsuit, the hard-working entrepreneurs claimed the famous businessmen were running a "diabolical and brazen scam" by backing two companies — InventureX and Ideazon — which were allegedly touted as crowdfunding businesses.
According to the documents obtained by Radar, the alleged victims say the businesses "turned out to be nothing less than facades designed to lure in unsuspecting victims, extract their money and then virtually disappear under the guise of delays, minimal to no performance, and no results."
The plaintiffs claim they "were lured by the involvement, endorsement and credibility of Shark Tank stars Kevin Harrington and Kevin O’Leary," and "bought into the dream, paid their money, and then went through agonizing months, if not years, of frustration and distress of trying to get their products launched and businesses started with no results."
They accuse O'Leary of endorsing "people who didn’t exist" and "fraudulent and illegitimate businesses." The alleged victims also claim the Shark Tank duo are the faces of a "fraud scheme with victims across the world."
According to the lawsuit, O'Leary "endorsed the primary executives of both companies in the scam."
But Mr. Wonderful's told us that's simply not true in a statement via his attorney.
"It appears that someone has been using my name and likeness without my knowledge, permission, or consent. I’ve never heard of any of these purported companies and have never conducted business with any of the plaintiffs who filed this suit," he said, adding he's determined to get answers.
"Obviously, I want to get to the bottom of it too, as my rights have been violated. We will makes sure that the bad actors are held accountable," O'Leary's statement continued.
O'Leary and Harrington are being sued for "fraud," "negligence," "breach of written contract," and "intentional infliction of emotional distress."