![]() In 2002, Unternaehrer is said to have recommended that a vehicle named "Pasig, Ltd" be set up in the British Virgin Islands for tax reasons. The Cormans say they were told that "the Citco fund was a safe, secure place to invest their moneys, and that Citco would administer and manage the fund to ensure continued high performance."įor the next six years, things seemed fine. In 1996, Unternaehrer convinced the Cormans to put money in a fund managed by Citco, instead of with Soros, alleges the complaint. The Cormans' primary contact there was Ermanno Unternaehrer. Roger Corman and his wife Julie Corman, together responsible for hundreds of films and the mentoring of some of Hollywood's biggest directors and actors, have filed a lawsuit that says they put money in an investment fund managed by George Soros before the money was moved and they ended up losing up to $60 million.Īccording to the complaint filed in Los Angeles Superior Court on Monday, the administrator of the Soros fund was the Citco Group. The famed filmmaker says he wasn't told that his money was being managed by troubled hedge fund manager Buddy Fletcher. ![]()
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