Rihanna sues former accountants

Robyn Fenty – a.k.a. Rihanna – is suing her ex-accountants for unspecified damages, citing shoddy bookkeeping, a failure to sufficiently counsel her financially through omission and an overall loss of tens of millions of dollars. The accountants, whom she hired when she was 16 years of age in 2005, were fired in 2010 following her discovery that her 2009 tour had suffered “significant net losses” despite a strong revenue stream. Her arrangement with the firm – which entitled the defendants to 22 per cent of the revenue, while Rihanna pocketed only six per cent – included the unusual practice of paying itself a percentage of the tour’s gross income. As a result, there was no reason for the firm to counsel the young singer to reduce expenses or control finances. After firing the firm, Rihanna’s revenue grew to 40 percent on her 2011 tour. Other accusations from the singer against the firm include an ongoing IRS audit due to her being forced to use significant resources to correct the defendants’ errors, general negligence and misconduct, agreement breaching, paying themselves excessive commissions and failing to properly document expenses and revenue or implement a proper budget.

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Comments & Discussion

  1. Sparky • July 6, 2012 @ 11:55 PM

    I don’t feel bad for her at all. This is what happens when you don’t get an education and blindly trust others to do all the work without restrictions. Does not matter if she was 16, she should have paid attention to her money and took the time to learn.

  2. j09 • July 8, 2012 @ 5:20 PM

    They probably took money from her because she’s a b**ch

  3. Trevor • July 8, 2012 @ 11:12 PM

    Rihanna is an awful person and has zero talent. Taking money from her is a good thing.

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