Categorized | Entertainment

Bankrupt Toni Braxton Accused Of Credit Fraud

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.

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 said, “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 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.

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