Carlos Boozer sues over investment

Updated: March 24, 2011, 1:18 AM ET

Attorneys for Chicago Bulls forward Carlos Boozer have filed a lawsuit against a company in Florida, alleging Boozer and his ex-wife were "fraudulently" and "maliciously" induced to invest $1 million in the company, which squandered the investment.

Boozer and his ex-wife, Cindy Boozer, invested the money in InnoVida Holdings, which was involved in building low-cost housing for disaster victims and indigent people throughout the world, according to Boozer's attorney David Nunez.

The ...

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