- Associated Press - Wednesday, June 8, 2016

LOS ANGELES (AP) - Cher has sued a financial management partnership she claims defrauded her out of more than $800,000 in investments that went belly-up.

The suit was filed Wednesday in Los Angeles County Superior Court on behalf of Veritas Trust, of which the singer is the sole trustee.

It targets SAIL Venture Partners and related firms and accuses them of bundling Cher’s money into “risky and unsound” investments. The lawsuit alleges SAIL’s principals engaged in “malicious and fraudulent” behavior.

Messages seeking comment from SAIL officials weren’t immediately returned Wednesday.

The suit seeks financial restitution and punitive damages but didn’t specify amounts.

Cher, whose performing career stretches back to the mid-1960s, last toured as a singer in 2014.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide