Yesterday, according to Pagesix, Cher filed suit in Los Angeles County Superior Court on behalf of Veritas Trust (which she is the sole trustee) against financial management group SAIL Venture Partners, claiming they defrauded her of over $800,000 by using her funds in “risky and unsound” investments, that failed.
Cher seeks financial restitution, punitive damages, but her filing doesn’t specify amounts.
To me, I have always respected Cher as an entrepreneur, and with 5 decades of showbiz experience, I am sure she is fully prepared to see this through.
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