Nick Hogan gets taken for $130,000

**mrs.v** · July 23rd, 2009, 06:20 PM

Cele|bitchy » Blog Archive » Nick Hogan gets taken for $130,000

Nick Hogan gets taken for $130,000

It’s hard to feel badly for Nick Hogan. And by that I mean it’s completely impossible. In fact, it’s a lot more fun – and appropriate! – to laugh at his misfortune. Especially when it’s to the tune of $130,000. You see, Nick got swindled. He made a bad investment, trusted the wrong people, you know how it goes. Sort of a low-rent Bernie Madoff situation. Nick invested $50,000 with two guys who were going to start a production company. The company never happened. They also charged over $80,000 to his American Express without his permission. Nick would like his money back please.

Nick Hogan is as bad of an investor as he is a driver — in a brand new lawsuit, Nick claims two guys he tried to start a business with rode him for a grand total of $130,767.75.
Nick is suing Louis Adkinson and Damon Elliot for breach of contract after he agreed to invest $50,000 in a record production company called “Confidential South, LLC” back in January — a company Nick says never even got off the ground.
According to the suit, filed in L.A. County Superior Court, Nick claims Adkinson and Elliot both promised to invest 50k of their own … AND told Nick everyone would get their money back if the company never formed. Surprisingly, the suit says neither of those things happened.
To make it worse, Nick alleges the evil duo ran up $80,767.75 on his American Express card without his permission — so he’s also suing them for fraud. Nick wants the 130k back — at least.

[From TMZ]

I’m guessing Nick didn’t get much of this in writing. He just doesn’t seem the sort. There’s no mention of how he knows these two guys. I’d assume they’re friends of his, because you’d think even someone as dumb as Nick Hogan wouldn’t just give away his money to people he barely knows. Instinct tells me Nick has a lifetime of poor decisions ahead of him. And expensive consequences. Karma’s a bitch that way.

Here’s Nick Hogan setting up a table, a sign and a few implements to embark on his career as a master stylist in Miami. Two brave customers take Nick up on his offer of free haircuts on June 17th. The photo agency doesn’t explain why he did this and I couldn’t find any information online, but it’s safe to assume it’s for a reality show or something. And probably a good fallback career for Nick when everything else goes to pot. Images thanks to BauerGriffinOnline.

**nancydrew** · July 23rd, 2009, 07:03 PM

Hahahahahahahahaha fucker.

**spinmonkey** · July 23rd, 2009, 07:27 PM

A shame this kid even has that much $ to lose since he sure didn't work for it.

**badgers!** · July 23rd, 2009, 07:35 PM

BWAHAHAHAHAHA!!!

Eff this kid and his awful, tacky, trashy family. Where does a loser like him even get that kind of money? Oh yeah, bank of dad...

**mrsJB** · July 23rd, 2009, 09:39 PM

i thought he was sellin lemonade when i first seen those pics. fuckin retard probably couldn't even do that.

**Grimmlok** · July 23rd, 2009, 09:41 PM

I kind of wish i didn't know he was a monster, cuz i'd totally bork that RIGHT HEAH

**greysfang** · July 23rd, 2009, 09:42 PM

Ew.

**celeb_2006** · July 23rd, 2009, 09:42 PM

Couldn't have happened to a nicer guy.

**bellini** · July 23rd, 2009, 10:15 PM

May he have many more doses of bad Karma.

**sparkly** · July 24th, 2009, 06:14 AM

It's not really his karma, more like his Dad's, because it's not even Nick's money.

**Novice** · July 24th, 2009, 06:53 AM

Well who's betting that when he gets it back he doesn't pay for any of Jon G's care with it....

**badgers!** · July 24th, 2009, 10:04 AM

^^^Totally. He's tried to weasel out of paying for his care from day one. Remember the PR statement they issued about how they'd use this (accident) to raise issues about seatbelt awareness back when it all first happened?

Maybe his genius of a dad will buy him another sports car and the whole family can go for a ride together, with Nick as the driver. A fitting end, no?

**TrevMaxwell** · July 24th, 2009, 10:35 AM

What a f*ckin' waste of a nutt. Now HE should have been a blow job.

**twitchy2.0** · July 24th, 2009, 10:39 AM

He have a permit for that hair cutting table? Someone fetch the local bylaw enforcement people!

**Mrs P** · July 24th, 2009, 12:50 PM

I can believe his stupid ass getting conned into a bullshit investment, but the loser probably ran up that bill on his credit card himself and is just trying to get rid of the debt on these other people. Ugh, he reminds me of one of my brothers. Both of them are a waste of space