'I'm absolutely devastated': Guy Sebastian breaks his silence over allegations his former manager defrauded him of $1.15MILLION
- Guy Sebastian's ex-manager Titus Day has been arrested over $1.15million fraud
- The 47-year-old was arrested at a home in Bondi at about 6.30pm on Wednesday
- Police said they received a report on Wednesday June 3 over the alleged fraud
- He was hit with fraud charges Thursday morning and spent the night behind bars
- Sebastian said he feels 'vindicated' by the charges after an ongoing dispute
- He said he saw 'some disparities in payments' during their 12-year partnership
Guy Sebastian has broken his silence after his former manager was charged with allegedly defrauding him of $1.15million.
Titus Day has been charged with 61 counts of fraud for allegedly withholding money from the The Voice star over a seven-year period.
Sebastian released a statement on Thursday, saying he feels 'vindicated' but 'devastated' by the charges.
'As has been reported I have had an ongoing dispute with Titus for a number of years, and today I am absolutely devastated to learn the nature and detail of these charges,' the statement read.
Guy Sebastian released a statement on Thursday, saying he feels 'vindicated' but 'devastated' by the charges. Pictured with former manager Titus Day
Sebastian said that after a decade of partnership, he parted ways with Titus' management agency Six Degrees Management in November 2017.
'All my income was controlled via Titus into a Trust account and after noticing some disparities in payments, I requested important financial information that I was rightly entitled to, and upon doing so our relationship began deteriorating,' he said.
'Over these last years, my integrity and reputation have been questioned, and my untruths have been publicly stated.
'For me this has been deeply personal and this period has been the toughest of my life.
'These charges are a sad vindication of my position.'
Sebastian said he hopes his case can serve as an example to all performers about the importance of 'transparency' and trust between a manager and and an artist.
Day spent the night behind bars after being arrested at his Bondi home, in Sydney's eastern suburbs, at about 6.30pm on Wednesday.
The 47-year-old was taken to Waverley Police Station, where he was hit with 61 fraud charges in the early hours of Thursday.
He was refused bail and is expected in court on Thursday morning.
Police said they received a report on June 3 of an alleged fraud committed against the 38-year-old singer.
'An investigation was launched by local detectives, who noted inconsistencies in financial documentation and bank account records,' police said in a statement.
He has now been charged with 61 counts of dishonestly obtaining financial advantage by deception.
Sebastian said all his income was controlled via Titus Day (left) into a Trust account before the The Voice star started noticing some disparities in payments
Police will allege in court that Mr Day knowingly withheld $1.15 million in earnings from a client between December 2013 and April 2020.
The pair ended their working relationship in November 2017, after almost 12 years together.
Mr Day runs Six Degrees Management with his wife.
Day's arrest comes amid a court battle between the pair, with both claiming to be owed hundreds of thousands of dollars.
Sebastian claims his former manager owes him $200,000 for an alleged breach of contract and unpaid fees, while Day says he is owed $800,000, News Corp reports.
Day has previously told The Sydney Morning Herald that his business was left 'crippled' by Sebastian.
Mr Day (pictured, right) is arrested by NSW Police in Sydney's eastern suburbs on Wednesday. He was charged with 61 counts of fraud for allegedly withholding $1.5 million from Sebastian
'Guy terminated the management contract after 11-and-a-half years without notice and then refused to pay me commissions on any work that I did, even for events that had been completed. That crippled my business,' he said.
'All income that is earned comes to the manager first and then is paid on after commissions are deducted. That's how management deals work. Any money I am holding from royalties or otherwise is a fraction of what he refused to pay me as commissions for work I did as his manager.'
Day’s management agency went into liquidation in July last year, after previously representing Sophie Monk and Australian Idol runner up Shannon Noll.
The Daily Telegraph reported last month that Sebastian had implemented 24-hour security at his home in Maroubra, which he lives in with his wife Jules and their two sons.
Guy Sebastian said that after a decade of partnership, he parted ways with Titus' management firm Six Degrees Management in November 2017. Pictured with wife Jules
https://news.google.com/__i/rss/rd/articles/CBMieWh0dHBzOi8vd3d3LmRhaWx5bWFpbC5jby51ay9uZXdzL2FydGljbGUtODQ4MTMwMy9HdXktU2ViYXN0aWFuLWJyZWFrcy1zaWxlbmNlLWZvcm1lci1tYW5hZ2VyLVRpdHVzLURheS1jaGFyZ2VkLWZyYXVkLmh0bWzSAX1odHRwczovL3d3dy5kYWlseW1haWwuY28udWsvbmV3cy9hcnRpY2xlLTg0ODEzMDMvYW1wL0d1eS1TZWJhc3RpYW4tYnJlYWtzLXNpbGVuY2UtZm9ybWVyLW1hbmFnZXItVGl0dXMtRGF5LWNoYXJnZWQtZnJhdWQuaHRtbA?oc=5
2020-07-01 23:04:40Z
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