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Tuesday, February 18, 2014

Rihanna Wins $10 Million Settlement After Accountant's Bad Advice Almost Rendered Her Bankrupt


Rihanna has won a multi-million dollar lawsuit against her former accountant after she claimed he advised her to make a string of bad financial decisions which almost saw her go broke, after losing the star $9million in one year. The Barbadian singer claims she was 'effectively bankrupt' at the end of 2009 after bad advice from accountant Peter Gounis of Berdon LLP. After suing Gunis for $35 million it's now understood the firm have settled with pop star out of court for around $10 million according to the New York Post.

Rihanna, suing under her real name Robyn Fenty, sued claiming accountant Peter Gounis and the firm Berdon LLP gave her the green light to buy a $7 million Southern California house even though she was bleeding cash in 2009.

“The defendants advised Ms. Fenty by e-mail that purchasing a home in Los Angeles ‘would be a good investment’ despite knowing Ms. Fenty was experiencing financial difficulties,” wrote Rihanna’s lawyer Edward Estrada. It was claimed that she lost $9 million, leaving her with just $2 million at the end of 2009.

Rihanna’s lawyers claimed Gounis was aware the house she was buying was rotting from water and mold damage, forcing her to spend more than $1 million on improvements before selling it for nearly $2 million less than what she paid. Rihanna fired the accountants and sued them for $35 million in 2012.
Now we are told the firm has offered the singer a settlement of more than $10 million, and papers are due to be signed this week.Reps for Rihanna, whose financial position has vastly improved recently after earning enough to put her worth at about $43 million

Photo of the mansion Rihanna claims her former accountant advised her to buy in 2009 for $7.5million.
Rihanna claims that her former accountant advised her to buy this mansion in 2009 for $7.5million which was riddled with problems including leaks and mold. She finally sold it at a $2million loss

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