Marc Anthony sues Business partner. The American singer songwriter and top selling tropical salsa artist is doing this over an unpaid loan. The I Need To Know vocalist at fist invested the money into digital music company ClubCreate Inc.,
which was run by Corey Simmons, in 2012, but instead of using the funds for the business, Simmons allegedly diverted $100,000 (£67,000) into his own personal bank accounts to pay for rent, dental bills and shopping sprees, according to the New York Post.
According to the legal documents filed in a New York court, Simmons was allowed to use Anthony’s name and image for promotion, but he has reportedly refused to repay the loan or give up 25 per cent of his stake in the company, which the singer claims he was promised.
Simmons is also facing another problem a federal court is claiming he looted company assets.