Stephen Baldwin - Stephen Baldwin: 'Kevin Costner Used My Fame To Sell Oil Filter Technology'

Subscribe to Stephen Baldwin alerts

Actor Stephen Baldwin was never asked to invest any money into the development of his fellow actor Kevin Costner's oil filtering business, a court has heard.
The two stars are locked in a legal battle in Louisiana after Baldwin accused Costner and his associates at Ocean Therapy Solutions of locking him out of a deal that would have made him a multi-millionaire.
Baldwin and his business partner Spyridon Contogouris claim The Bodyguard star cheated them by hiding details about a deal made with BP following the Gulf Coast oil spill in 2010, and allege they should have been told about the potential agreement before they agreed to sell their shares in the company.
The Usual Suspects star testified in a New Orleans court on Monday (11Jun12) and told the jury that he should be compensated for lending his name to the marketing of the oil extraction devices invented and created by Costner's brother.
He said, "When you're famous, it opens doors and things like that."
Costner attacked Baldwin when he took the stand last Friday (08Jun12) and insisted he often "wondered" what the born-again Christian was doing behind the scenes.
But Alec Baldwin's younger brother is adamant his only job was to "market and promote", adding that he had "no responsibilities relevant to getting the devices in the water".
He continued, "I wanted the machines to work. Make some money? Great. Not my first motivation."
The plaintiff also insisted he would have been able to help raise funds to invest if Costner and his partners had asked, even though he faced his own financial troubles.
BP bosses made an $18 million (£11 million) advance payment for 32 devices developed by Ocean Therapy Solutions in an effort to be better prepared for another oil leak disaster. Baldwin and his business partner are demanding damages of at least $15 million (£9.3 million).
The case continues.


Tags: Stephen Baldwin - Kevin Costner

Subscribe to Stephen Baldwin alerts

More Stephen Baldwin

Russell Crowe And Onscreen Wife Jennifer Connelly Snapped At NY Premiere Of 'Noah' - Part 3

Russell Crowe, the leading man of biblical epic 'Noah', is snapped on the red carpet on his arrival at the Ziegfeld Theater in New York...

Stephen Baldwin Pays $100,000 For New York State Tax Bill

Stephen Baldwin was left with empty pockets on Friday (Oct 18th).The 47 year-old handed over a certified check for $100,000 to the state tax department...

Bruce Willis, Stephen Baldwin And DJ Jazzy Jeff Among Star-Studded 'After Earth' Premiere - Part 2

'Die Hard' star Bruce Willis, 'The Usual Suspects' actor Stephen Baldwin and Will Smith's former musical collaborator DJ Jazzy Jeff made their appearances on the...

Just Escaped Jail Sentence: Stephen Baldwin Admits Owing $350K Taxes

Stephen Baldwin has joined the ever-growing list of Hollywood celebrities displaying a complete ineptitude when it comes to the management of their finances… specifically the...


Alec Baldwin Sheds Light on Stephen Baldwin's Arrest

Yesterday it was unveiled that actor Stephen Baldwin owes $350,000 in unpaid income taxes and penalties from 2008-2010 and was arrested for the debt. Today...

Alec Baldwin Defends Brother Stephen's Tax Problem on Piers Morgan Tonight

Alec Baldwin has dismissed suggestions that his younger brother Stephen might go to jail following his arrest for tax evasion.The actor was taken into custody...

Knock, Knock: Stephen Baldwin, You Owe $350,000 In Tax

Stephen Baldwin, the Hollywood actor still best known for The Usual Suspects, has pleaded not guilty to failure to file personal income tax returns. Rockland...

Stephen Baldwin Faces a Possible 4 Years in Jail After Tax Evasion Arrest

Stephen Baldwin, The Usual Suspects star and contestant on 'Celebrity Big Brother 2010', has been very vocal about his evangelical Christian views, however his arrest...



Stephen Baldwin Newsletter

Subscribe to this news alert service to receive news and reviews on Stephen Baldwin

Unsubscribe | Unsubscribe All