Reza Gerami, chief executive of the rave promotion company Go Ventures, was arrested at his home in Malibu on Thursday.
Patrick Lynch, the former longtime general manager of the Coliseum and the companion Sports Arena, and Todd DeStefano, former events manager at the Coliseum, were also arrested.
The charges were not immediately disclosed; however the arrests are related to the accusations of financial misconduct that arose nearly a week ago.
According to the Los Angeles Times, the Coliseum “had become mired in conflicts of interest, spending irregularities and loose accounting that eroded its fiscal foundation and had all but bankrupted its future as one of the nation’s most-storied public landmarks.”
Lynch and DeStefano both quit shortly after the allegations came out and were suspected of alleged kickbacks and self-dealing.
