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Monday, October 29, 2012

Toni Braxton Accused of Bank Fraud!

Bankrupt R&B singer Toni Braxton has been accused of fraudulently transferring money to her estranged husband in order to avoid paying it back to her creditors! Braxton filed for bankruptcy back in 2010, claiming she that she was between $10 million and $50 million in debt. But, according to the trustee of Braxton’s bankruptcy estate, the singer transferred $53,490 from her account to her estranged husband Keri Lewis… money that should have been designated to repay her bank creditors! Braxton’s rep claims that the transfer was not done fraudulently, saying: “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.” Whatever Braxton’s reasons, the bankruptcy trustee is now suing her husband to get the money back!

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