Eric Prydz Fraud Lawsuit Targets Biz Manager Amid Calvin Harris Claims

In the wake of Calvin Harris’ bombshell fraud claims against business manager Thomas St. John, fellow star DJ Eric Prydz has brought a lawsuit alleging the financial adviser stole $269,000 from his accounts.

St. John, the head of beleaguered entertainment industry accounting firm Thomas St. John Group, was accused in arbitration this summer of secretly funneling $22 million from Harris’ accounts into a real estate side venture. St. John denies the claims, maintaining that the Scottish DJ was an informed and willing investor in the project.

Now, Prydz — another titan of the EDM industry — says St. John exploited his account access to steal money. The Swedish DJ, who has been a client of St. John’s since 2012, claims in an Oct. 28 breach of contract and fraud lawsuit that St. John paid himself $269,000 in commissions for services Prydz says he never asked for or authorized.  

“Thomas St. John is a professional financial advisor who is supposed to be trustworthy and reliable, and who should be acting in the best interests of his client,” wrote Prydz’s attorney, Carla Wirtschafter of Reed Smith. “TSJ, however, proved to be none of those things. Instead, he is a fraud who not only abuses the trust of his clients, he takes money from them without their knowledge or authorization for his personal use and benefit.”

The lawsuit claims Prydz decided to fire St. John in September after discovering that the manager had taken $219,000 in unearned commissions on top of his regular 5% fee. St. John allegedly agreed to stay on through the end of October to finish a tax return for Prydz, though this process quickly turned contentious.

Prydz claims St. John tried to “extort” an additional $150,000 out of him and refused to complete the tax return otherwise, which Prydz says he refused. But according to the lawsuit, St. John unilaterally took another $50,000 out of Prydz’s accounts to cover part of this improper fee.

The legal complaint alleges that after all this, St. John never filed the tax return as promised — and that he’s now refusing to turn over the necessary documentation to Prydz’s new financial advisers.

“As a direct result of TSJ’s malicious conduct to hold Prydz’s financial documents hostage, Prydz has been unable to complete and file the now past due tax forms,” the lawsuit reads.

Prydz is seeking a court order for St. John to release his financial records and return the allegedly stolen commissions. The DJ also wants additional monetary damages recouping St. John’s 5% fee, claiming the adviser did “little or no work” to earn those payments.

Reps for St. John did not immediately return a request for comment on Wednesday (Nov. 12).

Prydz’s lawsuit is just the latest legal woe for St. John, whose U.S. business arm has been in bankruptcy since March. The manager’s real estate project, a Hollywood development called CMNTY Culture Campus, is the subject of claims from both Harris and songwriter Philip Lawrence.

A deep dive by Billboard last month reported that CMNTY Culture — originally envisioned as a recording studio and creative office complex — was born out of the St. John-advised, $90 million sale in 2020 of Lawrence’s catalog of Bruno Mars writing credits.

Following that deal, Lawrence opted to park some of the proceeds in a real estate venture to lessen his taxes on the sale and brought on St. John as a partner. But Lawrence’s finances soon dried up, and St. John ended up buying out the songwriter and helming the project himself.

It was at this point that St. John took on outside investors, including Harris. But while St. John claims Harris wanted in on CMNTY Culture, Harris alleges in his arbitration that the manager fooled him into signing investment documents without knowing what they were.

Harris now claims that his money has disappeared and that CMNTY Culture is a “complete boondoggle.” Indeed, St. John is no longer developing a recording studio and has yet to break ground on any construction, though he maintains that the project is still on track for success under reworked plans for a residential apartment complex.

The Harris action is still pending before a private arbitrator. Meanwhile, Lawrence has declared bankruptcy, while his estate trustee recently accused St. John in court papers of violating their fiduciary relationship during the CMNTY Culture partnership.