Karrueche Tran Sues Former Manager For $1.4M, Accuses Him Of Underpaying Her
While booked and busy actress Karrueche Tran has been out here getting to the bag, it looks like she’s been leaving some behind due to bad business.
According to court documents obtained by The Blast, the 31-year-old has reportedly filed a lawsuit against her former manager Yaqwb Muhammed better known as Jacob York. She’s accusing him of screwing her out of $1.4 million in the new lawsuit. Apparently, Karrueche is also going after his management company Electric Republic for breach of contract as well as fraud, breach of private duty and punitive damages.
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The news site states that Karrueche signed with the company back in 2016 and allowed them to collect her checks and take 20% before sending it off to her. The company was to provide her with monthly accounting which she claims they never did. Clearly, the actress put a lot of trust into Jacob and his company as she reportedly relied on him to tell her the accurate amounts owed to her. However, she claims they repeatedly misrepresented the amount of money her business ventures were making, The Blast reports.
Now get into this. She claims to have discovered her manager had failed to pay her $267,000 owed for personal appearances in November of 2019. It was said that she had her lawyer send off a letter demanding the money and accounting for other ventures. Following more suspicious activity, “Tran started to investigate the situation and found that she failed to report money she made with her makeup company. She reached out to the makeup partner for accounting. Once she received the accounting it showed ColourPop made $1,795,026.33 in royalties for Tran, which her managers were to be paid $359,005.27, leaving her with $1,436,021.06,” according to The Blast.
It turned out her managers only paid her $276,003.90 from the payment!
“Electric had only paid Tran $276,003.90 attributable to the Venture, thereby causing Tran to believe that the Venture had only generated approximately $345,004.87 in total revenues. Defendants encouraged this false belief by repeatedly misrepresenting to Tran that the Venture had not been particularly successful and that her relatively low royalty payments were, therefore, to be expected. In truth, the Venture had been one of ColourPop’s most successful cosmetic lines to date,” the suit adds.
Karrueche is now suing for the $1.4 million-plus punitive damages.
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