American Apparel founder Dov Charney has gone from running a company worth more than $200 million to sleeping on a friend's couch within the past six months. 
 
 Charney, who was officially terminated from his consulting role at American Apparel last week, told Trish Regan at Bloomberg TV that he is down to his last $100,000. 
 
 American Apparel paid Charney an annual salary of $800,000 as CEO before he was fired from that role in June. The company is valued at between $226 million and $243 million. 
 
 Charney owns 43% stock in American Apparel, but the hedge fund Standard General controls his stake. He gave Standard General control when he took a loan from the firm in July. 
 
 Now he's fighting to take the company private and threatening to "sue everyone," according to his interview with Regan. 
 
 Charney's downfall follows a string of allegations of sexual and financial misconduct during his 16-year tenure at the company. 
 
 He was fired as CEO due to allegations that he sexually harassed employees and "refused to participate in mandatory sexual harassment training," according to a leaked copy of his termination letter. American Apparel's board of directors also accused him in the letter of paying "significant" severance packages to former employees to conceal any wrongdoing. 
 
 Charney has denied the charges as baseless. 
 
 "Most involve activities that occurred long ago (if at all) and about which the Board and the Company have had knowledge for years," Charney's lawyer wrote in a letter to the board. 
 
 Charney became known for strange and inappropriate behavior in 2004 when a writer for Jane magazine published a now-infamous story in which Charney allegedly masturbated in front of her and engaged in oral sex with another employee. 
 
 In 2005, three former employees filed sexual harassment cases against him claiming he exposed himself and held meetings in his underwear. Charney said he was simply serving as a model for a new product. 
 
 "I frequently drop my pants to show people my new product," he said in a deposition tape at the time, according to NBC News. 
 
 Two of the cases were combined and settled out of court. 
 
 The facts of many of the harassment claims brought against Charney are unknown because all American Apparel employees must sign arbitration agreements that require claims against the company to be settled by arbitration meetings — which are typically closed to the public — instead of in court, according to The New York Times . 
 
 In one known case, an arbitrator found Charney guilty of defamation for "failing to stop the publication of naked photographs of a former employee, Irene Morales, who had sued him for harassment," the Times reports. 
 
 When the board of directors learned of the ruling involving Morales, it began an internal investigation into Charney's conduct, according to the Times. 
 
 Then another case came to light involving a former American Apparel store manager who claimed Charney called him a homophobic slur, choked him, and rubbed dirt in his face. 
 
 A month later, the board fired Charney. 
 
 Charney responded by taking out the loan from Standard General to boost his ownership of the company to 43%. 
 
 He gave up his voting rights to the firm as collateral for the loan, and since then, Standard General has pushed American Apparel to replace most members of its board. 
 
 Charney claims that when he pledged his stake to Standard General, the firm promised to give him back his position, "not necessarily as CEO but that he would effectively be running the company" once an internal investigation against him was completed, Bloomberg TV's Trish Regan said. 
 
 But Standard General ended up using the deal to push him out of the company, Charney now alleges. 
 
 Regan quoted Charney as saying, "I gave them my entire life’s work and they agreed to put me back in, but instead they used this investigation to fire me. They betrayed me. I gave them my heart. My shares. They teamed up with Allan [Mayer, co-chairman of American Apparel's board] and worked against me." 
 
 American Apparel initially fired Charney as CEO because of "concerns about his trustworthiness" and allegations of sexual misconduct, the Wall Street Journal reported. An investigation followed and Charney remained in a consulting role at the company until last week, when he was officially terminated. 
 
 Responding to the allegations, a Standard General spokesperson said, "Our objective is to help American Apparel grow and succeed. We supported the independent, third-party and very thorough investigation into the allegations against Mr. Charney, and respect the Board of Director's decision to terminate him based on the results of that investigation. We believe that American Apparel will benefit from the leadership of its new CEO, Paula Schneider, and we are focused on supporting her and American Apparel going forward." 
 
 Meanwhile, Charney says he is down to his last $100,000 and sleeping on a friend's couch in the Lower East Side neighborhood of Manhattan, and he's plotting a counteroffensive. 
 
 "He wants support to take his company private and to have a role there," Regan said. "He’s suing everyone, by the way." 

 Profile 
 
 Dov Charney has served as Chairman of the Board, Chief Executive Officer and a director of American Apparel since December 12, 2007, and served as President of American Apparel from December 2007 until October 2010. Prior thereto, Mr. Charney served as founder, director, chief executive officer and president of American Apparel's predecessor companies since their formation in Columbia, South Carolina, in 1989. Mr. Charney is a graduate of Choate Rosemary Hall and attended Tufts University. Having founded Old American Apparel (as defined under Corporate Governance and Board Matters below) and its predecessor companies and having served as the Chairman and Chief Executive Officer of the Company since 2007 and as President of the Company from 2007 until October 2010, Mr. Charney provides our Board with an informed perspective on the Company and the apparel industry. [...] more 

 Trish regan met with him a few days ago and she joins us with more. 
 
 
 
 Could dov be coming back? 
 
 
 
 He thinks so. 
 
 
 
 That is a debatable thing. 
 
 
 
 Just a little color on how i met with him -- he came to bloomberg, our record is, when i was on the air, and it was just as news broke that they were potentially looking at $1.30 to $1.40 a share for management. 
 
 
 
 We had a long, lengthy discussion. 
 
 
 
 He can be quite entertaining at times. 
 
 
 
 Anyway, he is feeling right now that he has been taken advantage of by this hedge fund. 
 
 
 
 He pledged his shares to them and they promised to give him his position back. 
 
 
 
 Not necessarily as ceo, but that he would be effectively running the company once the investigation had been completed. 
 
 
 
 Of course, there were charges of sexual allegations and misuse -- but he is the guy who founded the company. 
 
 
 
 It is his brand. 
 
 
 
 And he is the life and soul of that company could he lives, sleeps, eats, and pr that -- and briefs-- breathes this. 
 
 
 
 It has been next ordinarily traumatic for him. 
 
 
 
 He was making more than $800 million a year as ceo. 
 
 
 
 Healy has $100,000 a year to his name -- he only has $100,000 a year to his name. 
 
 
 
 He is living on the lower east side at a friends place. 
 
 
 
 He wants support to take his company private and to have a role there. 
 
 
 
 He told me he had a big hand in picking the new ceo. 
 
 
 
 She is a friend of his. 
 
 
 
 30 executives of the company said they wanted dov reinstated in some capacity. 
 
 
 
 It speaks to how the yes in the heart and soul of this -- does he have anything to say about standard general? 
 
 
 
 He is very upset about standard general. 
 
 
 
 "i gave them --" standard general -- "my entire life's work and they agreed to put me back in, but instead they used this investigation to fire me, betray me. 
 
 
 
 I gave them my heart, my shares -- they teamed up with alan and work against me." "i bet the farm and they robbed me." i imagine that from the investors standpoint they're feeling is that dov and all he is -- which is a lot. 
 
 
 
 Is perhaps a liability as they try to get the company back on the rails. 
 
 
 
 Clearly he is passionate, what did he seem rational to you? 
 
 
 
 He seems fairly rational but there are times where he goes off on a little bit of a tangent. 
 
 
 
 One of the things that makes dov and a lot of entrepreneurs special is that they have a passion. 
 
 
 
 The question is, at some point, when the cover he to mature, as this one did, how much passion can you have and how much common sense -- no naked dancing. 
 
 
 
 That for sure. 
 
 
 
 That is the challenge he is in. 
 
 
 
 They need an adult, so to speak, management team -- he is the lifeblood of the place. 
 
 
 
 Exactly. 
 
 
 
 He would like to see the company taken private. 
 
 
 
 He is suing everyone, by the way. 
 
 
 
 That $100,000 is going to go to legal bills overnight. 
 
 
 
 Great reporting. 
 
 
 
 Trish regan with the big news out of american apparel. 
 
 
 
 Miami was hit hard by the housing bust but it is roaring back thanks in part to investors like barry sternlicht. 
 
 
 
 We will ask him why it is so attractive in sunny south florida.
– Dov Charney isn't just out at American Apparel—he's down and out, or at least close to it. The officially ousted founder spoke with Bloomberg's Trish Regan, and in a "Market Makers" segment she shares the low points of what they discussed: that he has just $100,000 to his name and is staying on New York City's Lower East Side at a friend's place. "Sleeping on a couch?" prods co-host Stephanie Ruhle. "Sleeping on a couch!" replies Regan. That's a long way down from what Forbes reported as a salary of $832,000 in 2013. Regan ends the two-minute segment by saying Charney is "suing everyone." She doesn't get more specific on that point, but she does zero in on the root of some of Charney's displeasure, which she says is directed at Standard General. As background, Business Insider explains that Charney pledged his voting rights to the hedge fund in July in order to get a loan that boosted his ownership to 43%. As Regan tells it, Standard General promised to give him a position at the helm (though not necessarily the CEO slot) once the investigation into his alleged misconduct was done. "I gave them my heart. My shares ... they worked against me," he told Regan.