YNGWIE MALMSTEEN WINS 820G IN DAMAGES:
February 2, 2009
Rocker Yngwie Malmsteen has been awarded $820,000 in damages from an accountant who fiddled with the guitar hero’s finances while his manager allegedly robbed him blind.
The guitarist was forced to sell off most of his prized instruments at below-market prices after getting ripped off to the tune of more than $5 million, court papers claim.
Former manager James Lewis faces a pending motion for $2.4 million in damages and interest.
In his Manhattan federal court suit, Malmsteen said the alleged embezzlement was enabled by accountant Michael Mitnick, whom rapper Lil’ Kim blamed for her tax troubles during her 2005 perjury trial.
The Swedish rocker claimed that Mitnick conned him into a 1994 deal in which his income was funneled into a bank account controlled by Lewis and Mitnick.