You probably thought that Marvel legend Stan Lee, one of the most important people in comic book history, who also executive produced and had cameos in all of Marvel's films, would be enjoying the fruits of his labor at the age of 95. After all, he co-created some iconic superheroes like Spider-Man, The Hulk, X-Men, Avengers, and Iron Man, and has his own star on the Hollywood Walk of Fame. The former Marvel Comics president even pocketed $10 million when Marvel was sold to Disney in 2010 for $4 billion. But according to a report by The Daily Beast, Lee's finances are being messed-up because of the people taking advantage of him so that they could rob his wealth.
An anonymous source described Lee's situation as "a real fucking mess", adding: "I think his money will be gone in a few weeks… Stan and [his daughter] JC are literally being picked apart by vultures." Over the last few months, Lee lost $1.4 million because of a technical issue with a wire transfer and someone took out $300,000 from one of Lee's bank accounts with an allegedly unauthorized check written out to Hands of Respect, an organization that he used to be a part of. It's a charity of sorts founded by Lee and Jerry Olivarez, the former business partner of his daughter JC.
Although Hands of Respect is considered a for-profit company that involved Lee in its promotional materials, Lee's family claims that they haven't received any profits and are thinking of auditing the business. The report shared what JC said about the partnership:
"Jerry and [an associate] promised to make me and my Dad a lot of money, but we got nothing out of it except losses. There was a lot of sexism involved with the way Jerry and [the associate] treated me… These guys separated me from my Dad. They alienated me. They used me. They did very bad paperwork, and they were very sneaky... They ruined my life."
However, according to the sources, ever since Lee's wife Joan passed away last July, more people have come into Lee's life months later, people who may be looking to get a way to access Lee's bank account, a "family insider" said.
"[JC's] she's never met a con man she doesn't like, you know? Stan is not a whole lot better. Maybe their contemporaries and friends are all dead, and now they just have a bunch of hangers-on and sketchy-ass people hanging around. I have the feeling that he has been taken by everyone in the world."
Since the report is mostly based on accounts by anonymous sources, it's important to take the report with a grain of salt. You can read the entire report here. Elder abuse exists and could strike at various economic levels. I just hope that Stan Lee will eventually find the support he needs to get out of this huge mess.
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