Toni Braxton Accused Of Fraud In Bankruptcy CaseBy: Amanda Crum - October 29, 2012
Toni Braxton has seen no end to her financial woes since 2010, when she filed for bankruptcy. Now, she’s facing legal troubles after being accused of transferring a large sum of cash to her estranged husband, Keri Lewis, in an alleged attempt to avoid paying creditors.
According to TMZ, the bankruptcy trustee is now suing Lewis to get the money–$53,490–back where it belongs, and is accusing Braxton of fraudulently transferring the funds to Lewis’ account. She maintains that the transfer was perfectly legit, however, and released a statement through her rep:
“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 originally filed in 2010 with an estimated debt amount of up to $50 million. TMZ reported a list of her creditors, which included AT&T, The Four Seasons Hotels, Cedars-Sinai Medical Center, Neiman Marcus, The William Morris Agency, and Tiffany & Co.