Kylie and Kris Jenner are “freaking out” about Forbes’ recent exposé on Kylie’s dishonest billionaire status, according to reports. On Friday (May 29th), Forbes published a piece serving to expose Kylie Jenner for allegedly exaggerating her finances in order to appear much wealthier than she really is. The publication accused Kylie of  “lying about company figures and forging tax returns,” and insisted that her Kylie Cosmetics “is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.”

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Kylie later responded to these claims on Twitter, calling out Forbes for their “inaccurate statements and unproven assumptions” about her wealth. She appeared to be brushing it off, though, claiming that it is “literally the LAST thing i’m worried about right now.” However, it seems Kylie and her mom-ager, Kris Jenner, are actually stressing out about what this exposé could mean for the future of Kylie’s business—and their reputations.

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“Kris and Kylie are freaking out and fear that this is going to hurt their brand, and even worse, they could be in trouble with the government,’ an unconfirmed source revealed to The Sun. 

After Forbes published the piece on Kylie’s “web of lies,” her lawyer immediately demanded a retraction. “The article is filled with outright lies,” her lawyer stated. “Forbes’ accusation that Kylie and her accountants ‘forged tax returns’ is unequivocally false and we are demanding that Forbes immediately and publicly retract that and other statements.” However, Forbes stood by their findings, explaining that the “extensively-reported investigation was triggered by newly-filed documents that revealed glaring discrepancies between information privately supplied to journalists and information publicly supplied to shareholders. Our reporters spotted the inaccuracies and spent months uncovering the facts. We encourage the attorney to re-read the article.”

"Love & Hip Hop: Atlanta" star Maurice Fayne, who goes by the name Arkansas Mo, is in some hot water with the law after allegedly using a COVID-19 relief loan to buy millions of dollars worth of jewelry. Last month, Mo had requested a loan of $3,725,500 from a Paycheck Protection Program (PPP), which helps to cover up to eight weeks of payroll costs, interest on mortgages, rent, and utilities for small businesses amid the coronavirus pandemic. Mo sought out this loan to protect his Flame Trucking business, claiming that the money would be used to "retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule." He was ultimately granted $2,045,800 from the United Community Bank, a good portion of which he allegedly used for personal expenses.

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According to the U.S. Department of Justice, Mo has been accused of spending over $1.5 million of the loan to buy $85,000 worth of jewelry, including a Rolex Presidential watch, a diamond bracelet, and a 5.73 carat diamond ring. He also allegedly used $40,000 of the loan to pay child support.

Mo denied all of these accusations, but when the feds searched his house, he didn't look so good. They found the aforementioned jewelry, and seized $80,000 cash as well as three bank accounts that Mo had allegedly used to transfer $503,000 of the PPP funds into. On Wednesday (May 13th), he was arrested on federal bank fraud charges. It is not yet known when he will return to court for his next appearance. 

A1 Bentley, who stars in Love & Hip Hop: Hollywood, is being sued by an 18-year old artist and her father for $1.8 million for allegedly failing to meet his end of a production contract. 

The 18-year old artist C’Marie, née Carley Masten, entered into a production deal with Bentley in 2018 when the two began working together on developing her career. The deal stated that Bentley would craft songs and develop the young artist’s talent. In order to help produce an album, music videos as well as radio promotion for the young star, Mr. Masten gave A1 $376,400– which he says were his “life savings” in the lawsuit. However, nothing happened.

In the million-dollar lawsuit filed against A1 by the teenage artist and her father, Jeffrey Masten, they accuse the reality TV star of breaching his contract, fraud, intentional misrepresentation, negligent misrepresentation, and conversation.  

In the suit, Mr. Masten explains he believed Bentley to be, “a music producer with a reputation as a credible professional with hit songs to his name and was seen as an established star in the entertainment industry. Defendant Bentley’s credits include songs with renowned artists of the likes of Usher, Chris Brown, Ty Dolla Sign, Wiz Khalifa, and G-Eazy.”

They claim that Bentley then “quickly transitioned from star producer to one who began to lose his luster and become so desperate to make money he no longer cares about doing quality work, just stealing money from inexperienced people hoping to get into the music industry (as the Plaintiffs both were when they met Defendant Bentley.)”

Equally, they claim that A1 promised her an appearance on Love & Hip-Hop which never happened, as well as an opening spot on T-Pain‘s tour– which apparently went to his wife, Lyrica Anderson, instead. 

The father-daughter duo are now seeking the $376,400 they initially paid to A1 to help develop C’Marie, and an additional $1.5 million in punitive damages.

This news comes following the recent announcement of the indefinite hiatus of filming for Love & Hip Hop due to COVID-19.

Megan Thee Stallion continues to secure wins in her legal battle against her former label, 1501 Certified Entertainment. This time, the Hot Girl’s case against the label for fraud has been ruled to head to trial, after the judge denied 1501 CEO Carl Crawford’s request to settle the lawsuit in private arbitration. Crawford initially filed the motion arguing that Megan had forfeited her right to settle any legal dispute that may arise between herself and the label when she signed her record contract. However, Megan is arguing for the “unconscionable” nature of the contract in the first place, claiming that the language in the document is too vague to be enforced in any manner. The judge agreed and denied Crawford’s motion, as well as his separate motion to stay the case. Their legal battle will now be heading to pubic trial.

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Megan initially filed the lawsuit against 1501 for allegedly coercing her into signing the aforementioned contract, and subsequently threatening and harassing her after she signed a management deal with Roc Nation. She also accused them of intentionally preventing her from releasing new music and sabotaging her budding rap career. Megan was granted a temporary restraining order that was later extended, allowing her to release her most recent project, SUGA, in March. We’ll keep you posted on any new developments in this case.

Shannade and Shannon Clermont made their names as part of the reality show Bad Girls Club, becoming staples in the culture by hanging out at the right parties with all the right people. However, in the midst of their career surges, one of the identical twins got caught up in some illegal activity, getting charged with fraud after she spent upwards of $20,000 on a deceased man’s credit card (whom she met on a prostitution date) to pay for luxury goods, rent, and more. Shannade Clermont was ordered to spend some time in prison and, after serving several months behind bars, the socialite is officially free.

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In an update to the Clermont Twins’ Instagram page, a video shows Shannade coming home after a lengthy stint in prison. Nade’s friends and family can be heard excitedly reacting to seeing her in street clothes for the first time in a minute, waiting for her to hop in their vehicle and make her way back to the crib. 

“OUR BABY NADE, THANK YOU GOD,” wrote Shannon Clermont on social media, clearly ecstatic that her sister is back in the fold.

Hopefully, Shannade and Shannon are able to stay out of trouble. With bankroll now rolling in through legal means, neither of them will need to resort to fraudulent ends to cop some designer shit. Welcome back, Shannade!

Over the course of many months, Future and his alleged baby mama, Eliza Seraphin, have been leveling damning accusations at one another, both in the courtroom and on social media. Seraphin is claiming that Future is the father of her 10-month old daughter, Reign Wilburn, even co-opting the rapper’s government last name to prove her point. In court, Future has responded to Seraphin’s request for child support by calling into question her credibility. He has accused her of referring to her daughter as a “check baby”, insinuating that she purposely got pregnant in order to siphon funds from him. He has also reportedly asked the judge to order Seraphin to undergo a psychiatric evaluation to determine whether mental issues may have driven her to fabricate this whole story. 

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Seraphin has had enough of Future defaming her name and stresses that she just wants her one simple wish to be granted: “JUST TAKE THE TEST” (as her Instagram bio reads). It was reported last week that the court finally ordered Future to take the DNA test to establish whether he is the father or not. 

While you’d assume that the test results would be able to settle the matter and spare everyone the collateral drama, something else has popped up in the case. According to Bossip, Seraphin has requested the court to sanction Future for accusing her of fraud. The “Life Is Good” artist claimed that Seraphin filing that she was indigent in the lawsuit was false and amounted to perjury. While he insisted that Seraphin has bank accounts and a new SUV, she fired back by highlighting that her accounts have barely anything in them (like $4 and $9) and she leases that car. Seraphin’s profession as an influencer allows her to sporadically make money off social media posts, but she still falls below the $2500 threshold for claiming indigency in Florida. We’ll keep you updated on how the courts handle this development. 

Bay Area rapper Kafani is in some serious trouble with the law. If authorities are to be believed, Kafani was the leader of a multimillion-dollar scam that defrauded at least seven California residents. A report made by The Mercury News states that the 39-year-old has been named as a defendant in a federal case along with three others. They stand accused of operating a "wide-ranging fraudulent loan scam that prosecutors said dates back to 2018."

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Thank you to all my family and supporters who continue to support me. I like to thank courts for giving me a 250,000 bail to be able to give me a fair chance to fight my case. Watch them snakes ?

A post shared by Kafani (@kafani) on Feb 22, 2020 at 9:08pm PST

“In each of the instances being investigated, an unknown subject or subjects stole personal identifying information from the victim, used that information to open a bank account in the victim’s name, and established an email account using the victim’s name,” FBI Special Agent Armando Delgado-Campos stated. “The subjects would then use the victim’s identity to obtain a refinance loan, using the victim’s property as collateral.”

The Mercury News reports that Kafani took to his Instagram to call the allegations "slander" and "bullsh*t." The rapper insinuated that an ex-girlfriend sent "anonymous tips to FBI and send false emails to try and get you investigated.” He told his followers not to believe everything they read in the news. However, investigators claim that much of their evidence came from the rapper himself after his phone was tapped and they allegedly overheard him planning to steal from an old woman.

One victim reportedly has been tracking fraudulent loans being opened in her name for months, while two others saw that a $325K loan was made in their names and they had no idea how or why. Victims' identities were used to purchase bars of gold, "including one gold bar order totaling nearly a $1 million from a victim in Beverly Hills."

Kafani was already on supervised release in connection with a conspiracy to commit wire fraud conviction from 2015. Back in 2013, Kafani was shot multiple times while filming a music video in Oakland and paralyzed. He was arrested and released last week after posting $250K bail.

Roc-a-Fella co-founder and entrepreneur, Dame Dash, is taking his ex-wife, Rachel Roy, to court for funds he's allegedly owed from her Rachel Roy Brands clothing company. In 2008, Roy created the brand while the two were still married. According to Dame Dash, he was one of the company's original investors and board members and helped establish the venture that now includes several lines that are sold in department stores like Macy's, Bloomingdales, and more. 

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According to court documents obtained by TMZ, the network owner claims that Rachel Roy and her team conspired with several other companies to conceal the funds that Dame Dash was owed. Allegedly, Roy submitted fraudulent accounting documents, withheld payments, and undervalued Damon's share of Rachel Roy Brands. 

With the company profiting millions annually, Dash became suspicious when a royalty payment of $175,000 was withheld in 2014. The following year, a $200,000 royalty check was withheld from the media mogul. According to the court documents, Dame Dash and his legal advisors believe that Roy "manipulated, diverted, misappropriated, transferred, concealed and embezzled funds" just to avoid paying her ex-husband. 

In the lawsuit, Dame Dash declares that he and his ex-wife had a verbal agreement that she would buy his stake in Rachel Roy Brands for $1 million, but reneged on the deal without explanation. The multifaceted businessman isn't just suing Rachel Roy, he's also suing her brand's accountants, legal team, and more for plotting against him. 

As of late, Dame Dash's legal woes have made headlines as he insists that he's being targeted by one particular lawyer by the name of Chris Brown. Over the past year, Chris Brown has represented three defendants against Dame Dash including Monique Bunn who claims that Dash sexually assaulted her while she was working for him. 

While the "Spiritual Business" producer may be getting in the busy in the courtroom as of late, he's still one of the best curators of culture around. Check out Dame's latest Instagram post celebrating one of his courtroom victories over Chris Brown as well as a clip of his self-produced talk show, Boss Talk with special guest, Chamillionaire in the videos provided below. 

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@chamillionaire and Dame sit down to discuss the entrepreneurial lifestyles! Watch the full episode now at www.damedashstudios.com @damedashstudios

A post shared by Dame Dash (@duskopoppington) on Feb 17, 2020 at 5:59pm PST

Appearance plays a significant role in being a successful rapper. If the success ain’t coming your way, you gotta stunt like it is until people take notice. In other words, fake it ’til you make it. That appears to have been the ethos of Chad Arrington, the Baltimore rapper who goes by Chad Focus. 

According to The Baltimore Sun, Arrington has pled guilty to fraudulently spending millions on his company credit card in order boost his side hustle. Court documents detail that he stole about $4.1 million from an unnamed company on a variety of creative schemes. Prosecutors dropped six other related charges in his plea deal, including wire fraud and aggravated identity theft, but Arrington is being forced to pay back “Company A” even more than he spent when going to town with their Amex. 

He invested the stolen money in billboards that promoted himself with slogans like “Get to the money,” “Chad Focus. I will teach you how to be rich,” and “No. 1 recording artist in the world.” He dropped racks on expensive jewelry and musical equipment. He bought social media followers and paid to inflate his streaming numbers to give the impression of having already attained fame. $125,000 of the company’s money was spent on concert tickets, including to his own concerts.

Arrington is set to be sentenced on May 14 and faces up to 20 years in federal prison.

Jordan Belfort, the inspiration for the film The Wolf of Wall Street, is suing the producers of the film (Red Granite) for $300 million in a fraud lawsuit.

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Belfort claims the film was funded with cash from 1Malaysia Development Berhad, whereas he was told it would be financed by “legitimate high-net-worth individuals and companies, including Goldman Sachs,” as described by The Hollywood Reporter.

Red Granite co-founder Riza Aziz has been accused of taking $700 million from 1MDB into his personal bank accounts. Aziz is facing jail-time in Malaysia.

Belfort’s lawyer told THR: “Red Granite and its principals did not disclose to Mr. Belfort that they were using funds obtained from engaging in racketeering and other criminal activity … Had Mr. Belfort known those facts, he would have never agreed to enter into this contract.”

Belfort is attempting to cancel his contract with Red Granite: “Belfort is significantly damaged by Red Granite’s tainting of his book/story rights, coupled with Red Granite’s inability and/or refusal to exploit and maximize the rights acquired from Belfort … due to the highly publicized scandal,” his lawyer explains.

Red Granite’s lawyer Matthew L. Schwartz of Boies Schiller Flexner has responded in a statement sent to The Hollywood Reporter that you can find here.