Billionaire investor Bill Gross says the months-long authorized saga with his oceanfront neighbor in California has him feeling like he’s “in a prison” — as his spouse says she now fears even going into her personal yard.
Gross – the billionaire PIMCO founder and bond business legend – and his spouse Amy landed again in courtroom this week after their neighbor Mark Towfiq requested a decide to seek out the couple in contempt for violating a courtroom order that sought to cease them from blasting loud music outdoors their Laguna Beach house.
If discovered responsible, Gross may very well be despatched to jail.
“I fear going into my backyard,” Amy Gross, a former skilled tennis participant who married Bill Gross in April testified this week. “I couldn’t have my wedding reception there. I couldn’t have my birthday there.”
She added that she has to announce every time she goes outdoors so the Towfiqs gained’t name the police.
“I’m being monitored 24-7 inside my home,” she stated in Santa Ana Superior Court. “I’m very frustrated.”
Bill Gross, 77, additionally lamented that the much-litigated squabble has pushed him and his spouse again into the general public highlight in opposition to his needs.
He famous that in a earlier spherical of courtroom hearings, a video of him crouching down and showing to dance to “In Da Club” by rapper 50 Cent grew to become public and prompted him embarrassment.
“I’ve been trying to have a reputation to die with, and this is not constructive,” Gross stated Tuesday in courtroom.
It’s the most recent growth in a feud that started final year after Towfiq was bugged by a protecting internet Gross put in above a glass yard sculpture that allegedly blocked Towfiq’s view from his personal house.
He lodged a grievance concerning the internet with native officers in June of 2020 — and the retired PIMCO founder fired again by blaring music at earsplitting volumes, together with Led Zeppelin and the themes to “Gilligan’s Island” and “Green Acres.”
But Gross and Schwartz countered in courtroom that Towfiq was an obsessed “peeping tom” who “watched, leered at, photographed, and videotaped” the couple of their house for greater than a year.
They sued Towfiq for invasion of privateness and different violations in October, and he filed his personal harassment grievance a day later.
In December, Orange County Superior Court Judge Kimberly Knill slapped the Grosses with a three-year restraining order banning them from taking part in music outdoors their house when nobody is within the yard pool space.
They’re additionally barred from contacting or coming inside 5 yards of Towfiq and his spouse, Carol Nakahara, besides in reference to authorized proceedings or in the event that they’re on their very own property.
Knill additionally shot down Gross’ claims that Towfiq harassed him and Schwartz by recording them and peeping at their house. She did chastise the tech entrepreneur for filming one video of Gross in his yard, although she stated the incident didn’t represent harassment.
Now, Towfiq is alleging that the Grosses violated that restraining order in July once they performed loud music and Amy Gross yelled and sang loudly. Towfiq submitted video from his iPhone, safety digital camera and physique digital camera footage from cops who had been known as in response to a noise grievance as proof.
Gross’s lawyer Patricia Glaser has accused Towfiq of weaponizing the restraining order in an effort to ship Gross to jail.
Gross — price an estimated $1.5 billion, in response to Forbes — is legendary for his colourful clashes. He sued PIMCO, the funding behemoth he based in 1971, for his 2014 ouster, claiming a “cabal” of junior managers plotted in opposition to him to extend their share of the bonus pool.
After his divorce was finalized in 2017, his ex-wife accused him of leaving their 13,819-square-foot Laguna Beach house, which she gained within the divorce, a smelly mess, together with lifeless fish within the vents. Gross denied the allegations.
And final year, as The Post completely reported on the time, Gross tried to thwart his estranged son’s efforts to promote uncommon “Inverted Jenny’’ postage stamps he had inherited. The stamps ended up going to public sale after the story ran and promoting for $1.9 million.