Kelsey Grammer is being sued by television actress Lydia Cornell, who alleges he helped lure her into a Ponzi scheme, but Grammer says he was also victimized and lost $1 million in the "venture," RadarOnline.com is exclusively reporting.

The Frasier star was recently added as a defendant to a $100 million, 27-count lawsuit from Cornell, perhaps best known for playing Ted Knight's ditzy oldest daughter Sarah on Too Close for Comfort, and several other plaintiffs. The suit centers on a website called Staropoly.com, and its parent company TODHD.

EXCLUSIVE DOCUMENT: Kelsey Grammer Sued - Read The Lawsuit

But Grammer is so furious that he is threatening his own legal action against the plaintiffs and their attorneys, RadarOnline.com has learned.

The allegations by Cornell and her co-plaintiffs include grand theft, fraud and extortion, and the lawsuit depicts Alex Varonos as a driving force behind a scheme that included selling "channels" on Staropoly.com, using Grammer's name to convince others to join. Varonos and pals also reaped the publicity benefits of a Variety charity event for cancer in 2010 but never forked over the $100,000 fee, the suit alleges.

http://www.radaronline.com/exclusives/2012/06/kelsey-grammer-sued-ponzi-scheme-actress-lydia-cornell

Last edited Sat Jun 30, 2012, 07:26 PM - Edit history (1)

"...while creating synergy in forming a new paradigm of growth opportunities..."

A whole bunch of words that really don't mean much.

Yada yada STARS yada yada AMERICA! Sheesh...

She's trying to recoup moneys for other people who were defrauded by the website. GO LYDIA!!

She is well known to be quite a nice person.

And yes, indeed, she is still stunning.

Now that I find she's a Dem, I'm giddy all over again.

Really, I read about these schemes, and wonder how anyone with a triple digit IQ gets involved in them.

capitalize words just because you think they are important?

I mean, it was how they did things back in the days of the Founding Fathers. But it's not how anyone with half a brain and 2 neurons to rub together does it now, lol.

It's a hallmark of functional illiteracy to me. If I got a resume like that from a prospective employee I would just shred it.

Wouldn't that imply that he was highly thought of as an actor?

then at some point he stopped giving a crap.

Cocaine can create a serious negative cash flow dynamic, as the harvard MBAs say.

As with right wing economic belief, "Caveat Emptor".