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Finance guru Grant Cardone slaps telecom big John Legere with $100M defamation suit

Former T-Mobile CEO John Legere files $100 million defamation lawsuit against personal finance guru Grant Cardone for calling him a “swindler” and “bulldog artist.” was woken up.

Legere, who built T-Mobile into the third-largest carrier in the U.S. and retired from its leadership in 2020, is a real estate investor and internet celebrity who most recently wrote the New York Times bestseller “The 10X Rule.” I ended up competing with Mr. Cardon. ”

Cardone, who has been featured on Discovery Channel's “Undercover Billionaires,” has invited celebrities such as Tom Brady, John Travolta, Kevin Hart and even former President Donald Trump to his conferences. Attendees pay anywhere from $2,000 to $35,000 to learn how to dramatically scale their events. According to Cardone's website, it's a business.

But Legere's “false and defamatory statements” have recently reduced Cardone's brand value by “an amount believed to be at least $100 million or more,” according to a lawsuit filed Thursday in Miami-Dade County, Florida. .

In online chats and social media comments, Mr. Legere publicly criticized Cardone's facts as well as his financial knowledge. claim to be a millionaireAccording to the complaint.

John Legere (left) and Grant Cardone Paola Morongello

In one particularly acrimonious exchange on the social audio app Clubhouse last June, Legere called Cardone “the biggest unruly artist on the planet,” the complaint states.

“You're an incredible fraud, and I'm going to tell you right now in this room,” Legere said in a public conversation, according to the filing. “I believe Grant Cardone will be convicted of fraud next year.”

“By the way, he's not a billionaire,” Legere added, according to the complaint. “He doesn't have close to a billion. And he's a… self-promoter. And if you go to the world, go to the CNBC world, go to CNN, go to the world, ask about Grant Cardone. . He doesn’t exist.”

Cardon talks to Fox about the real estate industry. fox news

According to the filing, Mr. Legere was criticized by an audience member during several of his objections for being “intoxicated, slurring his speech, and appearing to be jealous of Mr. Cardone's self-made status.” That's what it means.

The complaint alleges that several months ago, in February and March 2023, Legere posted harsh comments on Cardone's social media. For example, in the comments section of Cardone's post about staying healthy, Legere posted, “Steroids?”

The complaint alleges that the comment was a “baseless attack on Cardone's reputation.”

According to the complaint, Legere and Cardone had previously been friends since 2015, when Legere “expressed interest in implementing aspects” of Cardone's tutorials at T-Mobile. The two then worked together to “raise funds for charities, philanthropic causes, and special causes through the Clubhouse platform,” according to the complaint.

However, after briefly promoting Cardone's VIP health product “10X health'' in a live chat room, Legere “suddenly ceased working with Cardone and instead became hostile toward Cardone,” according to the lawsuit. “Ta”.

“Legere was often highly defensive, erratic, and belligerent, attempting to harshly deny Cardone's views, and making inappropriate personal comments toward Cardone's career, religion, stature, business, practices, live events, and reputation.” They even resorted to attacks.”

The complaint alleges that Mr. Cardone personally contacted Mr. Legere and demanded that their friendship end if he did not stop the attacks. Legere agreed: “He said he was going to stop because he had gone too far.”

However, since then, Legere has “launched a campaign aimed at defaming Cardone by making claims that lack credibility, which has caused and continues to damage Cardone's reputation in society.” ” the complaint alleges.

Legere testified before a House committee in 2019. AP

As the rift widened, listeners appeared to favor Cardone over Legere in public chats, the lawsuit alleges.

“The audience supported Mr. Cardone's opinions on specific topics, including education, economic disparity, COVID-19 vaccines, politics, education, and finance,” according to the complaint.

A Cardone spokesperson declined to comment. Legere did not respond to a request for comment.

Mr Cardone is used to intense scrutiny and has faced legal troubles of his own in recent years.

Aaron Smith Levin, a financial researcher who trained under Bill Ackman at the height of the Herbalife battle, posted: video It alleges that Cardone “stole more than $100 million from Cardone Capital investors.” Cardone has not commented publicly on the allegations.

Cardone also faces lawsuits from investors. One class action lawsuitRecently dismissed, he argued that Cardon misled investors about the risks and returns of potential investments.

Other small business owners interviewed by HuffPost have filed lawsuits from Cardone seeking tens of thousands of dollars left on their training contracts after being caught in “long and inflexible contracts.” It is claimed that it was done. Those lawsuits have been resolved, Huffington Post reports.

His brother Gary Cardone, who gave Grant the money to start his real estate empire, recently settlement He sued the Federal Trade Commission and the state of Florida over claims he and his wife misled investors and helped credit card fraudsters avoid fraud alerts.

The couple paid a $100,000 settlement, but the couple said they used “deceptive tactics to deter consumers from doing business with certain high-risk customers and from disputing credit card charges through the chargeback process.” It is prohibited to use it.”

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