Bankrupt Toni Braxton Accused of Fraud

Toni Braxton
Toni Braxton

Toni Braxton is accused of fraudulently transferring $53,490 to her estranged husband in order to avoid paying back creditors in her bankruptcy case, according to TMZ, who says they received this information from the trustee of Toni’s bankruptcy estate.

According to new docs filed in Toni’s bankruptcy case (filed in 2010), Toni’s estranged husband Keri Lewis received the sum after Toni’s money was already earmarked to repay creditors. Lewis is being sued to get the money back.

“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,” says a rep for Braxton.

The rep adds Toni will continue to provide the trustee whatever info is needed to address the allegation.