The busy courtroom life of a nineties surf-star…
The founder of RVCA, professional surfer, and member of the Momentum generation was charged with grand theft by the Orange County District Attorney in 2015.
The DA alleged that Hayes had committed short sale fraud against the Bank of America “by providing Bank of America with false information concerning his financial net worth, which was in the millions of dollars, in order to qualify for short sale relief.”
Hayes allegedly had hidden the offense by falsely claiming that he was unemployed and feared foreclosure, while, according to the complaint, “he had within the past nine months, sold his interest in a business for approximately $8,000,000 and had purchased a $1.39 million house in Los Angeles County for cash.”
The complaint further alleged that Bank of America discovered the offense in 2011 “by means of a report by Patrick Tenore Sr. to Bank of America.”
Odd, considering Pat Tenore Sr. is the father of RVCA co-founder and Hayes’ former business partner, Pat Tenore. Even weirder considering that Hayes had just allegedly sold his interest “in a business for approximately $8,000,000.”
So, according to the Orange County DA, Bank of America discovered the alleged offense through a report to the bank from Patrick Tenore Sr. not long after Hayes had sold his interest in a business.
The charges were later dropped in July of 2017 among a myriad of scandals following the prosecution.
According to the OC Weekly, in prosecuting Hayes, Megan Wagner, now Judge Megan Wagner, had illegally obtained Hayes’ tax filings without a court order and failed to submit relevant documents in discovery.
Hayes is currently being sued in the Los Angeles County Superior Court for alleged breach of contract and fraud stemming from a home renovation project.
The plaintiff, a contractor, alleged that Hayes refused to pay the amount stipulated by the original agreement and committed fraud through misrepresenting himself as an owner.
The contractor is seeking over $300,000 in damages from Hayes and additional defendants. The case is ongoing.