Bruce Willis is suing mad over a Malaysian company’s failure to return $900,000 of the money he invested in an eco-friendly rubber venture. Willis had poured $2 million into a company that was developing a non-toxic and recyclable rubber, and the project was put on hold recently due to the weak global economy.
According to court papers filed in Los Angeles, Willis’ agreement to invest in Green Rubber Global had a clause wherein he could get a full refund of his money within a specified period of time. He exercised that option on March 17th, but only got $1.1 million back.
It sounds like he got suckered, actually – the company had initially told him that Al Gore and Mel Gibson had also invested in the green rubber project, which turned out to be untrue. [Correction: Gibson did invest in the company, as we’ve written about previously. However, apparently, he did not invest in another firm as was said by company officials called Elastomer Technologies Ltd.] In his complaint, Willis says Green Rubber Global has given him excuse after excuse as to why they can’t pay him yet.
Hopefully he’ll get his money back ASAP. We need people to keep on investing in green projects even through this economic downturn, and stories like this don’t exactly inspire people to part with their hard-earned money.