Tampa Strip Clubs: Gulf Keystone CEO Gained in ‘Unusual’ Share Deal, Lawsuit Says
Friday, September 30th, 2011Rands said Kozel didn’t have a legally attributable interest in the shares until they were distributed by Keystone Petroleum LLC in June. He then received 11.6 million Gulf Keystone shares from the firm and planned to transfer them to his family as soon as possible, the company said in an announcement at the time.
Kozel is facing a suit in the U.S. by his wife and another, by his brothers and father, over his Gulf Keystone stake. David, Frank and Robert Kozel filed a lawsuit against the Gulf Keystone founder in Pennsylvania on June 16. In Florida divorce proceedings, his wife won an injunction in February freezing the assets of Gokana, now worth more than 44 million pounds.
Lavish Spending
Under questioning by his wife’s lawyer in December, Kozel revealed lavish spending on business trips. He said he spent $180,000 entertaining business contacts on a yacht in the south of France and $7,711.67 on an event at a strip club for “customers and company members,” according to court documents.
See the full article from “BusinessWeek”