James Reid calls Jeffrey Oh a fraud

James Reid has finally spoken up about the controversies surrounding Careless, a company he founded in 2020.

Careless used to manage the showbiz career of Liza Soberano, and it was only recently that the company released a statement saying that the actress is no longer with them.

"It's her decision to leave," James said in an interview with Ogie Diaz. "Mas focused siya sa career niya sa L.A. and kami mas focused sa Philippines."

He only had good words for Liza, though, and added that "the Careless team is always here for her no matter what."

With regards to Jeffrey Oh, James' legal counsel (who was with him during the interview) said that Jeffrey Oh has more than a hundred million peso past obligations to Careless when the lawyer first studied the case.

They advised Oh to stop transacting in behalf of Careless while still trying to fix his obligations but he again made a number of new transactions using the said company plus a couple more companies owned by James.

"I had no idea a lot of this was happening," James said when asked where he was when this was happening. "He had kept me separate from the rest of my team, kept me in the dark about all of these business dealings."

"He tricked me," James added. "I've been working with him for a very long time and it turns out he wasn't the person who he said he was."

When asked how much in total does Jeffrey Oh owes him, he said, "More than a hundred million is to me personally, and then there's more for other companies."

He also ended up spending a lot of money for the controversial Wavy Baby Music Festival in Cebu, an event that Jeffrey Oh was in charge.

"Once again [he] kept me in the dark about all of the situation of the music festival, of all the sponsors, and I didn't find out until only 2 days before the concert that he didn't actually close any of the sponsors, so I ended up funding almost the entire thing, to which he promised to pay me back, which never happened," he narrated.

He said it was the most stressful moment of his business career.

It was a lesson learned the hard way, though, but he was grateful that Jeffrey Oh is not with his company anymore.

They had to officially terminate him last July to cut his connection with his company.

"At the end of the day, I think his true colors showed, and that he's a fraud," James said.

Watch the full interview below.

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