Rihanna Sues Former Accountants for Millions in Losses

The singer, who is currently being audited by the IRS, claims that she's been defrauded out of "tens of millions of dollars in lost revenues and profits"

Rihanna found love in a hopeless place, but she lost something else: a whole lot of money. The 24-year-old pop singer has filed a lawsuit against her former accountants, claiming that they defrauded her out of "tens of millions of dollars in lost revenues and profits."

The "We Found Love" singer, who is currently being audited by the IRS for her 2008-2010 tax returns, filed the lawsuit in Manhattan on Thursday under her real name, Robyn Fenty. In the filing, Rihanna says that she hired the Berdon accounting firm in 2005, when she was 16 years old and had just moved from Barbados to sign with Def Jam records. Over the next five years, as Rihanna's career took off, she claims she was charged "exorbitant and excessive" fees by Berdon. During her 2009 "Last Girl on Earth" tour, for example, the accounting firm took 23 percent of her total income, while the singer received only 6 percent. As a result, she says, her accountants made millions, while she actually lost money.

The Grammy winner also blames Berdon for giving her disastrous financial advice. In 2009, she spent $6.9 million dollars on a Beverly Hills mansion, which her accountant told her "would be a good investment." Unfortunately, her financial situation meant that the opposite was true. Furthermore, the house turned out to have extensive water damage, and she finally had to sell it earlier this year for around $5 million.

Rihanna believes that her costly audit is a "direct result" of the accounting firm's mismanagement. (She fired Berdon in 2010.) She's now seeking unspecified damages from the three accountants she holds responsible. Clearly, she did not love the way they lie.

Like this? Want more?
preview
FILED UNDER:
Connect with Us
Follow Our Pins

Yummy recipes, DIY projects, home decor, fashion and more curated by iVillage staffers.

Follow Our Tweets

The very dirty truth about fashion internships... DUN DUN @srslytheshow http://t.co/wfewf

On Instagram

Behind-the-scenes pics from iVillage.

Best of the Web