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MORE TROUBLE WITH RUSSIANS: Investors Sue South Beach Mansion Owners!

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MORE TROUBLE WITH RUSSIANS: Investors Sue South Beach Mansion Owners!

More trouble for Mansion (via MiamiBeachPartyTours.co)

MIAMI — Two Russian businessmen claim they were defrauded by local nightlife heavyweights Justin Levine and Keith Menin when they sunk $1 million into the company that owned Mansion nightclub, according to a new lawsuit just filed in a Miami-Dade County court.

“These are very serious allegations,” said attorney Michael Corey, who represents the Russians’ Gipsy Entertainment. “They are looking forward to their day in court.”

According to state records, Gipsy Entertainment is owned by Ilya Likhtenfeld and Vyacheslav Glushkov, who appear to run restaurants and nightclubs in Moscow but are based in California.

According to the complaint filed earlier this month against Menin, Levine and several Menin companies, Gipsy Entertainment paid $1 million in late 2015 to buy 20 percent of Star Island, owner of the Washington Avenue club that recently closed.

The Russians wanted to invest into the company as it planned a new club to replace Mansion.

And Gipsy now says they made the deal on the premise that the new club was projected to make revenues between $18 million and $22 million.

The projections provided, according to the lawsuit, were false.

Gipsy further claims Menin and Levine grossly under-reported the new club’s debt load and have yet to repay a $500,000-loan from Gipsy to get the new club cranking.

Menin and Levine have yet to file a response to the complaint, and it’s expected sometime this week.

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