According to the complaint against Braun, he decided to expand his empire in 2016 by engaging in a private equity fund as the vehicle and started hiring Comisar. In his petition, Braun reported that he invested more than $5 million to launch SCOPE Capital Management. He also reported that he had paid Mr. Peter Comisar $3 million in salary.
In addition, Comisar agreed to participate only with Braun’s three-year budget and personal investment, he said. He also claims to have written an agreement to celebrate his promise.
Braun has the potential to raise between five hundred to seven hundred million from a well-known billionaire in the entertainment industry. David Geffen, Haim Saban and others participated in this matter. Braun demanded that he sever his relationship with his former employer, the lawsuit adds.
Role of Peter Comisar in the case
Former Goldman Sachs partner Peter Comisar promised Braun to lead a new investment firm backed by media giants like Apple’s Jimmy Iovine and Hollywood mogul David Geffen. So does the Solos millionaire family. During the proceedings, Borno praised Braun’s past conversations and admitted that he had relaunched Calvin Klein underwear and created Kanye West’s Yeezy brand through a campaign with Justin Bieber. Friends like Jimmy Iovin and David Geffin invest in Scope.
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