Supermodel Kathy Ireland Sues Business Managers Over Alleged Theft
Former supermodel Kathy Ireland is taking legal action against her past business managers. She alleges they have embezzled millions from her and her family, leading to significant financial distress. The lawsuit was submitted in Santa Barbara, California.
Kathy Ireland’s Financial Struggles
Ireland, along with her husband Greg Olsen, has reportedly been forced to sell their home and now faces a precarious financial situation. Additionally, Ireland’s mother, Barbara Ireland, is also named as a plaintiff in the case.
Key Defendants Named
The lawsuit identifies Jason Winters and Erik Sterling as the primary defendants. These individuals managed Ireland’s financial affairs for over 35 years. The suit also includes Stephen Roseberry and Jon Carrasco, who previously worked at Kathy Ireland Worldwide, as well as Brittany Duncan, the current CEO of the company.
Allegations of Betrayal
The legal complaint describes a “betrayal of trust on a staggering and unconscionable scale.” Ireland expressed her belief in loyalty and integrity in business dealings. Unfortunately, she claims this trust was misguided.
Power of Attorney Misuse
- Ireland granted Winters and Sterling power of attorney, entrusting them to manage her finances.
- Although they assured her of her wealth, financial troubles arose when Ireland sought a loan for her son’s home.
- The request was denied, and suspicions grew when the defendants became evasive regarding funds for a down payment.
Claims of Financial Misconduct
The lawsuit accuses Winters and Sterling of misusing Ireland’s funds for personal gain. They are said to have taken out credit cards and loans in her name. The complaint states, “Defendants treated Plaintiffs as their work horses and piggy banks.” The allegations suggest a systematic scheme to support the defendants’ own lifestyle at Ireland’s expense.
Potential Damages
The financial impact of these alleged actions could exceed $100 million. Ireland and her family seek justice for the considerable losses and emotional distress incurred over the years.
