Us Weekly reports that singer Toni Braxton got into trouble with the law after fraudulently wiring her estranged husband more than $50,000 and declaring herself bankrupt. Her reps denied any wrongdoing on Toni Braxton’s part.
Toni Braxton declared herself bankrupt in 2010, but bankruptcy trustees claim it was all a scam According to their declaration, the “Un-break My Heart” interpreter gave her estranged husband more than $50,000 prior to her bankruptcy filling in 2010 in order to conceal them from creditors. The company is now suing Toni’s ex-husband, musician Keri Lewis in order to recover their assets.
In the 90s, the R&B artist used to be very popular and her bank account would swell up each day thanks to record sales. Starting with 2010, however, the artist’s reputation reached an all-time low and Toni was forced to announce that she was bankrupt. The trustee suing Braxton claims the singer is not as poor as she declared; she still owns a considerable sum of money, but she transferred it to her estranged husband in order to avoid paying back creditors.
Reps were quick to release a statement in relation to the allegations that were brought against the singer. They told the press that the money that the singer transferred was meant to cover “reasonable and necessary personal and business expenses”. The fact that the money was transferred before the bankruptcy filing was made was just a coincidence as the singer did not want to hide her funds. Both the singer and her legal representatives will work to prove that the allegations made by the trustee are false.
Toni Braxton and musician Keri Lewis had been married for almost 10 years when they decided to separate in 2009. The two didn’t get a divorce and, in fact they continued to be in an on again off again relationship since 2009. They are currently working on a new album that is due to be released in 2012.