At home crime Big Time Hollywood Fraud: film financier sued by LA lawyer …
Time and law have finally caught up with the shady Hollywood investor Victor "Victorino" Noval. The U.S. attorney's office in Los Angeles has just filed a lawsuit against him for $ 104.38 million. And that's probably the tip of the iceberg.
The suit – actually seven suits, enough for every day of the week – claims Noval laundered money from the Kuwaiti government to exaggerate the lavish lifestyle in Beverly Hills. The money, they say, bought him three really expensive houses (like $ 20 million) in Beverly Hills, a penthouse and apartment in Westwood's UCLA district, a private jet, a yacht, a Lamborghini sports car, and memorabilia worth about $ 40,000 from boxer Manny Pacquiao.
Noval has also been involved in an ongoing infamous tug-of-war over a huge property in Beverly Hills known as "The Mountain". The complaints say that the stolen funds were used to buy or contribute to The Mountain, which originally belonged to the late Herbalife founder Mark Hughes and may now be in his possession again.
This is not Noval's first interaction with the government. He was convicted in 2003 of postal fraud and tax evasion related to a multi-million dollar credit fraud committed against the United States Department of Housing and Urban Development. Noval was sentenced to 57 months in prison and sentenced to more than $ 25 million in restitution.
I can tell you that since Noval filed the lawsuit yesterday, he removed himself from social media and deleted his Instagram account – which featured many photos of him with stars like John Travolta and his late wife Kelly Preston – and Almost everyone mentioned what I think was a wrong foundation now.
In fact, the Victorino Noval Foundation website is gone. However, on closer inspection, I cannot find any government records of such a foundation, anything that has ever been listed in GuideStar or Charity Navigator. As far as I can tell, the foundation only existed in Noval's fictional world. There are absolutely no official records of it or its business. If Noval raised money on its behalf – and the remains of its website indicate it – the foundation was not registered with the government. Noval said on the now deleted website that the foundation had assets of over $ 1 billion. Everyone believed it. Nobody – including the real estate site The Real Deal – has bothered to check this out.
But wait – there is more. I met Noval. For years he has flown on the outskirts of Hollywood as the infamous last investor in independent films. I met him a few years ago when I met James Franco and his production partner Vince Jolivette at Soho House in New York. The result was Victorino – the name he bears and everyone likes to call – that financed three of Franco's bad films. One was a student film called "Black Dog Red Dog". With Franco, Mila Kunis, Henry Hopper, Zack Braff and Jolivette, he financed another which nobody has seen before: "The Color of Time". There is also a documentary.
We always wondered who paid for Franco's vanity films. Now we have an idea.
In 2017 Noval financed another B-film called "Andover" with Jonathan Silverman, which was written and directed by a Scott Perlman. and several documentaries or short films, including one about the recording of a Michael Jackson Vogue cover.
In 2018 Noval was publicly cozy with Travolta and Preston, who performed and photographed in his Italian mansion Beverly Hills in Hollywood for the junk producer Oscar Generale, their mutual friend and producer of Travolta's most recent crap film "The Fanatic".
According to the complaints, between 2009 and 2016 senior officials from the Kuwaiti Department of Defense and their staff used the MOD's London Attaché office to open at least six unauthorized bank accounts, then transferred more than $ 100 million to Kuwait from the National to public funds Bank of Kuwait to the unauthorized London accounts. To obscure the nature of these transmissions, some of them have been incorrectly described as being for military use. According to the complaints, these funds were actually transferred to several California companies that had no business or contractual relationship with the MOD.
Was the money washed by these Franco and Silverman films, among other things? Stay tuned. The Victorino story is far from over.
Roger Friedman started his Showbiz411 column in April 2009 after 10 years at Fox News, where he created the Fox411 column. He wrote the Intelligencer column for NY Magazine in the mid-1990s and reported on the OJ Simpson trial and Real Parade magazine (as owned by Conde Nast) and wrote for the New York Observer, Details, Vogue, Spin, the New York Times, the NY Post, the Washington Post and the NY Daily News among many publications. He is the author and co-producer of "Only the Strong Survive", a selection of the Cannes, Sundance and Telluride film festivals directed by DA Pennebaker and Chris Hegedus.
More articles from the author