Fitness influencer Larry Williams, better known as Larry Wheels, is facing serious legal trouble after being accused of defrauding an investor out of thousands of dollars in a breach of contract lawsuit.
According to YouTuber Jon Bravo Films who covered the incident in a recent video, the case alleges multiple violations including breach of contract, fraud and deceit, unjust enrichment, conversion, and securities fraud.
Based on court documents, plaintiff Daniel entered into a contract with Williams and Larry Wheels LLC in May 2023. Williams promised 3% ownership of his company, PR Lifestyle, in exchange for $50,000.
During a conference call with Williams and his manager Adam Silver, the fitness star claimed that PR Lifestyle was highly profitable with approximately a 70% profit margin and projected to gross $2.1 million in the 2023 fiscal year.
The allegations paint a troubling picture of Williams’ financial management. Despite earning millions annually through YouTube and his PR company, Williams has been open about his financial struggles, including admitting to spending five figures per day on webcam sites at the height of his addiction.
His girlfriend at the time reportedly gave him an ultimatum to publicly confess his addiction or face the end of their relationship. He confessed, but she left him anyway.
The lawsuit alleges that Williams misrepresented the intended use of the investment funds. Court documents state: “Defendant Williams knew of the falsity of the statements made regarding the use of investment funds, as evinced by his statements and intention to use investment proceeds towards the purchase of a personal home.”
Rather than investing in the business as implied, Williams allegedly used the money as a down payment for his dream mansion.
Daniel, who was a close friend and member of Williams’ team, scraped together $28,000 from his life savings and borrowed the remaining $22,000 from his father to make the investment.
Initially, Williams made monthly payments of a few thousand dollars, even encouraging Daniel by mentioning he had ordered over $5 million in product for Black Friday alone. However, after just a few months, the payments stopped entirely.
Despite the company continuing to generate millions in revenue over the subsequent two years, Daniel claims he received nothing further. When he reached out requesting his owed payments for basic expenses like electricity, Williams allegedly ignored or deflected his requests. The contract clearly entitled Daniel to 3% of monthly profits, as well as 3% of any future sale of the business.
Adding to the controversy, rumors suggest PR Lifestyle has recently been sold, which would trigger Daniel’s contractual right to 3% of the sale price. Questions also remain about the other 7% of company shares Williams was selling—and whether other investors face similar situations.
Williams, who has built a reputation for lifting extraordinary weights while openly discussing his PED use since age 17, now faces scrutiny over his business ethics. In recent interviews, he has warned young people against impulsive spending and poor financial decisions.
