.

Tuesday, February 18, 2014

MORE MONEY IN THE BANK!! RIHANNA WINS $10 MILLION LAW SUIT AGAINST HER FORMER ACCOUNTANT. READ MORE!


Rihanna has won a multi-million dollar lawsuit against her former accountant after she claimed he advised her to make a string of bad financial decisions which almost saw her go broke, after losing the star $9million in one year.

The Barbadian singer, real name Robyn Fenty, claims she was 'effectively bankrupt' at the end of 2009 after bad advice from accountant Peter Gounis of Berdon LLP.

After suing Gunis for $35 million it's now understood the firm have settled with pop star out of court for around $10 million according to the New York Post.

Rihanna says in the lawsuit that she had $11million in cash in January 2009 but just
$2million left at the end of the year - mainly because her accountant told her to buy a Beverly Hills mansion for $7.5million which turned out to be moldy and leaking.

Her accountant okayed her decision to purchase a $7 million LA home even though she was fast running out of greenbacks.

'The defendants advised Ms. Fenty by e-mail that purchasing a home in Los Angeles ‘would be a good investment’ despite knowing Ms. Fenty was experiencing financial difficulties,' told Rihanna’s lawyer Edward Estrada to the New York Post.

The lawsuit claimed that she lost $9 million, leaving her with just $2 million at the end of 2009.

The singer also saw her expenses double at this time, according to recent documents filed as part of the 2012 lawsuit, the Daily News reported.

The 25-year-old, who is now worth $43million, said that Mr Gounis told her she could afford to purchase the home when she was actually running out of cash.

The trouble-ridden mansion ended up having to be sold at a $2million loss.

No comments:

Post a Comment

Please no insultive comments. Scroll down a little to like our page on facebook and follow us on Twitter. Thanks