He’s out of the Friars.
Controversial Friars Club chief Michael Gyure — who was found guilty of filing false tax returns after the legendary club was raided by federal agents — has quietly parted ways with the ailing institution.
Buried in a newsletter sent to members Friday was a note that read, “Understanding of the club’s current financial situation and our inability to fulfill the terms of his contract, our beloved Executive Director Michael Gyure has decided it would be beneficial for him to leave the club in retirement at this time.” It added, “It is with enormous gratitude for his long service to our club that we accept Michael’s decision.”
Gyure was sentenced to a year of supervised release last summer after pleading guilty to one count of filing false returns, which hid nearly a half-million dollars of income, including generous expenses paid to him by the club.
The club was raided by the feds in 2017 as part of the probe. Meanwhile, Gyure was promoted from executive director to “executive producer” while he was awaiting sentencing.