'70s Show' Star - I Got Nailed in Real Estate Scam!

Thursday, July 15, 2010 - 9:37am

Danny Masterson -- who played Hyde on "That '70s Show" -- tried to dabble in a little real estate back in 2007 ... but claims he was duped into holding the bag on a $3.2 million condo that was never even finished.

Masterson -- who considers himself "unsophisticated" in real estate -- claims he went into business with a company called TomatoBank ... and agreed to co-sign a $3.2 million loan for a fancy 4-story condo in Toluca Lake, CA in 2007.

But according to docs filed in L.A. County Superior Court, Masterson claims the builders ran into some permit issues -- so TomatoBank secretly approved a 3-story structure instead ... all without telling Danny.

Of course, Masterson eventually found out -- and now claims he's screwed because he's on the hook for a $3.2 million loan ... but only has an unfinished 3-story building to show for it ... which obviously doesn't cover his debt.

So, Danny is asking the court to force TomoatoBank to cover his losses -- and wants his loan agreement tossed in the garbage.

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