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FaZe Clan sued for allegedly defrauding Instagram influencer Alissa Violet

Internet influencer, Alissa Violet, has sued FaZe Clan and alleged that the company defrauded her of about $300 million worth of common stock by failing to uphold their end of an "oral agreement."
An article by The Washington Post revealed that YouTube star, Instagram influencer and musical artist, Alissa Marie Violet Butler (otherwise known as  Alissa Violet) has sued FaZe Clan for allegedly defrauding her of approximately $300 million worth of shares in the company. According to the internet star, FaZe Clan entered into an "oral agreement" with her but failed to hold up their end of the bargain.

Alissa Violet is suing FaZe Clan for allegedly defrauding her of promised shares.

This latest claim reportedly stemmed from a series of prior lawsuits involving the aforementioned parties. According to a prior complaint lodged in 2018, Alissa entered into an agreement with FaZe Clan to transfer shares in a social media entertainment company she co-founded (called Clout Gang) for shares in Hubrick Limited; a company that FaZe Clan had partnered with.

Alissa Violet sues FaZe Clan for "promised" shares worth $300 million.
Alissa Violet sues FaZe Clan for "promised" shares worth $300 million. (Picture: Twitter / Alissa Violet)

The relationship between FaZe Clan and Hubrick limited would later deteriorate into a back-and-forth legal dispute, involving Alissa, FaZe Clan and Clout Gang, who reached claimed fraud against Hubrick Limited (who would later countersue for fraud as well).

According to the most recent lawsuit against FaZe Clan, Alissa claims that she entered into an "oral agreement" with FaZe Clan to "settle the lawsuits" with Hubrick Limited, in an effort to refuse the legal tension. In return, she would drop her claims against the company and relinquish her Hubrick shares, in exchange for FaZe Clan stock.

Alissa Violet and FaZe Banks were previously romantically involved but split in 2019.
Alissa Violet and FaZe Banks were previously romantically involved but split in 2019. (Picture: David M. Benett / Getty Images)

Based on Alissa's claim, FaZe did not hold up their part of the deal and she did not receive the promise shares (allegedly worth $300 million) in FaZe Clan.

Alissa's attorney, Bryan Freedman, provided a statement to The Washington Post per telephone, saying: "Faze Clan is being sued because it specifically promised to compensate Alissa when it asked her to relinquish her Hubrick stock and asked her to dismiss her claims against Hubrick and others. If Faze Clan simply abided by its promise to compensate her, Alissa would not have had to sue Faze Clan."

Instagram star Alissa Violet sues FaZe Clan for defrauding her of "promised' shares in the company.
Instagram star Alissa Violet sues FaZe Clan for defrauding her of "promised' shares in the company. (Picture: Instagram / Alissa Violet)

In response to the lawsuit, FaZe Clans denied "generally and specifically" all allegations that were made by Alissa. The CEO of FaZe Clan, Lee Trink, also indicated that they were confident things would be resolved amicably.

In an email statement provided to The Washinton Post, Trink said: "Stories get created out of any disagreement or dispute, big or small. ... On this particular matter we’re in close communication and confident it’ll be resolved amicably." It was reported that the complaint "does not specify a dollar amount for damages" but based on Trink's response, it seems that FaZe are confident they can resolve the complaint without any drama.

Save The Kids cryptocurrency scandal tarnishes FaZe Clan brand after several members were implicated.
Save The Kids cryptocurrency scandal tarnished FaZe Clan's brand after several members were implicated. (Picture: Save The Kids)

Following the public upset regarding the "Save The Kids" cryptocurrency scandal involving some of its former clan members, it's understandable why FaZe Clan would want to avoid any further tarnishing of its brand.

We will endeavour to provide further updates on this developing story, should more pertinent information become available.

 

Don't forget to check out our general video games section for industry news, guides, leaks and much more.

Featured image courtesy of Twitter: FaZe Clan / Instagram: Alissa Violet.