Rick Fox sues esports team partners, alleges rampant fraud

October 02, 2019 - 7:54 pm

Former NBA player Rick Fox has filed a lawsuit accusing business partners at the esports organization he co-founded of multiple instances of fraud and is seeking damages worth tens of millions of dollars.

The suit filed in Los Angeles County on Monday claims that Echo Fox partner Amit Raizada used investor funds for personal use in a complex scheme that has left the company on the brink of ruin. It also details racist messages written by Raizada that prompted a major esports league to terminate Echo Fox’s valuable franchise slot.

“He’s a con man,” Fox told The Associated Press by phone Wednesday night.

Raizada and other partners have moved to remove Fox as general partner Oct. 21. Raizada’s attorney, David Swift, said in a statement that “Rick Fox’s lawsuit is a transparent attempt to divert attention from the train wreck he left behind at Echo Fox.” He said the lawsuit “is littered with categorically false allegations” about Raizada and other partners.

The suit also names Echo Fox partner Stratton Sclavos, the former San Jose Sharks co-owner, as a defendant. It alleges Sclavos took a $2 million personal loan from the company after helping raise funds from a group of investors that include New York Yankees, the St. Louis Cardinals, the Scripps Family, the Disney Family, the Edmonton Oilers and NBA player Kevin Durant.

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