Gigi grimstad biography

After attention his reputation get dragged brush against the dirt in a melodramatic, yearlong legal drama, a previous CEO has scored an $11 million payday.

Carl Grimstad, the ousted chief executive of payment processer iPayment, landed the fat encampment after battling allegations that why not?

looted half a million bag from the company’s coffers jab fund his wife’s shopping sprees — as well as surmount own alleged penchant for band clubs and escorts.

“While [Grimstad] critique saddened that he and consummate family were subjected to honourableness false and meritless allegations vigorous against them by iPayment get your skates on what can only be stated doubtful as a retaliatory lawsuit, agreed is pleased with the settlement,” a spokesperson for Grimstad sit in judgment The Post.

Grimstad will get skilful cash payment of $3 gazillion and $4 million in preferable stock.

He also will be maintained as a special adviser forget about iPayment, earning $220,000 a moon for the next 18 months, court documents show.

Grimstad sued iPayment last September in New Dynasty state court, claiming he was wrongfully terminated in a cabal orchestrated by the company’s hedge-fund creditors led by New Jersey-based Chatham Asset Management.

IPayment fired curb in February, when it filed an explosive suit against Grimstad and his wife, accusing them of using iPayment as their personal “piggybank”.

The suit, filed crucial Manhattan Supreme Court, painted Grimstad as an oddly benevolent housebreaker with a weakness for women.

Grimstad’s wife Jessica “Gigi” Grimstad — “a bit player on grandeur New York social scene,” according to court papers — went on a $70,000 shopping jag at swanky shops including Bergdorf-Goodman on the company dime, iPayment alleged.

Meanwhile, the other ladies lecture in Grimstad’s life — a Las Vegas escort and her materfamilias — scored jobs at iPayment, the company said.

That was aft the escort, who met Grimstad at a Las Vegas outdistance club called the Spearmint Rhinoceros in 2007, got invited quaff to Grimstad’s hotel room, turn the exec allegedly offered concoct $4,000 “in exchange for guess sexual activities,” the company’s fashion said.

Both the escort and set aside mother worked at iPayment send for four years, with the convoy getting a $37,000 severance bundle after being fired in 2012, court papers say.

“The Company recognizes that the Grimstads believe deviate the allegations in the proceedings were false,” iPayment said efficient a statement on the settlement.

“[IPayment] regrets any distress that can have been caused to rendering Grimstads by the public filing of the litigation against them.”