Bankrupt Toni Braxton accused of credit fraud
theGRIO REPORT - Toni Braxton has been accused of illegally transferring money to her estranged husband in an effort to avoid paying creditors in her ongoing bankruptcy case...
Toni Braxton has been accused of illegally transferring money to her estranged husband in an effort to avoid paying creditors in her ongoing bankruptcy case.
TMZ reports that the trustee of Toni’s bankruptcy estate says the R&B singer fraudulently transferred $53,490 to Keri Lewis after the money had already been designated for creditor repayment.
The trustee is now suing Lewis to get the money back.
A rep from the Braxton camp told TMZ, “All of the payments made to Lewis prior to Toni’s bankruptcy filing were appropriate transfers for reasonable and necessary personal and business expenses in the ordinary course of her business.”
The rep also said Braxton plans to cooperate with the trustee in order to straighten the allegations out.
Braxton filed for bankruptcy in 2010, and she owes anywhere from $10 to $50 million. This also isn’t the first time the singer has faced financial issues. She also filed for bankruptcy in 1998.
Follow Ugonna on Twitter at @ugonnaokpalaoka
More About:Entertainment
You Might Like
