The popular R&B singer/songwriter and Grammy Award winner Toni Braxton filed for bankruptcy back in June 2010, claiming that she owed between $10-50 million in debts. Now, reports have it that Braxton fraudulently transferred her estranged husband Keri Lewis a whopping $53,490 in order to avoid paying back debt creditors. TMZ reports that Braxton's bankruptcy trustee is currently suing Lewis to get back the money that rightfully belongs to the creditors.
Documents filed in Braxton's bankruptcy case allege that the large amount of money transferred to Lewis was already preselected to repay all of the "You're Makin' Me High" songstress' creditors. Back in 2010 when the story broke, TMZ released a list of Braxton's debt creditors that included big-name companies such as AT&T, the Four Seasons Hotels, Cedars-Sinai Medical Center, Neiman Marcus, the William Morris Agency, and Tiffany & Co.
Apparently, the "Braxton Family Values" reality star insists that the 5-sum money transfer to her ex was perfectly legal and legit. The 45-year-old singer's rep tells 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."
Braxton married Mint Condition's Keri Lewis in 2001. The duo has two children together, but in November 2009 Braxton announced through her attorney that they had separated. Although no longer together, a divorce was never filed.
Braxton has had her fair share of legal woes dealing with money - she previously filed for bankrupty back in 1998.
© 2024 Mstars News, All rights reserved. Do not reproduce without permission.