Magician Steve Wyrick made more than $54 million disappear while operating his own theater, according to a bankruptcy filing on Monday.
Wyrick listed assets of $93,157 against liabilities of $54,353,748 in the U.S. Bankruptcy Court filing.
The magician, whose full name is Gale Steven Wyrick, abruptly closed his show in December at the Miracle Mile Shops at Planet Hollywood. The landlord, Boulevard Invest LLC, sued Wyrick for back rent in January and later foreclosed on the theater and lounge Wyrick which opened in 2007, at a cost then said to be $35 million.
The primary creditors listed in the filing are Colorado real estate developer Stephen Tebo, $15 million; Texas businessman Byron Burke Barr, $7.5 million; Boulevard Invest, $6.6 million and Hollis Campbell/Star Mobile Homes, $5 million.
Contact reporter Mike Weatherford at firstname.lastname@example.org or 702-383-0288.