Reality TV World Show Updates   People News   TV Ratings News   Entertainment News   RealityTVDB   POP Hollywood   Spoiler News
Features & Interviews   Sexy Social Pics of the Day   Things to Know Profiles   Message Boards   Shows Listing

HOME > OTHER ENTERTAINMENT NEWS > Industry NEWS

Rihanna sues former accountants alleging profit siphoning


UPI News Service, 07/07/2012 

Rihanna has sued her former accountants, charging New York-based Berdon LLP used dubious practices to siphon profits from her concert tours.

ADVERTISEMENT
In the lawsuit filed in U.S. District Court in Manhattan, Rihanna, known in civilian life as Robyn Rihanna Fenty, blames Berdon for tax troubles, The Philadelphia Inquirer reported. She said Berdon's mistakes on her income tax returns have led to a continuous audit by the U.S. Internal Revenue Service.

Rihanna said Berdon paid itself a percentage of the gross revenue from each tour. She said that while her "Last Girl on Earth" tour in 2009 had a net loss, Berdon got 22 percent of the revenues and paid her only 6 percent.

After she fired Berdon, her "Loud" tour last year returned 40 percent of the gross revenues as profit, Rihanna said.

A Berdon spokeswoman declined to comment on the suit.

Rihanna, 24, moved to the United States from Barbados when she was 16.



Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.




Copyright 2012 United Press International, Inc. (UPI). Any repr








Take Our User Survey





Page generated Fri Dec 09, 2016 10:40 am in 0.90830397605896 seconds

About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed