28/01/2023

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Kanye West Faces $4.5 Million Lawsuit From Former Accountant

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Kanye West Faces .5 Million Lawsuit From Former Accountant
Kanye West lawsuit accountant Picture Credit: David Shankbone / CC by 3.

Kanye West faces a $4.5 million lawsuit from a former accountant.

Authorized paperwork acquired by The Blast exhibit that business supervisor and superstar accountant Thomas St. John submitted a lawsuit against Kanye West. St. John alleges that Ye stopped paying a regular price agreed upon by both functions. Right after a new assembly, the rapper grew to become “aggressive” with him and stopped generating the agreed-upon payments. 

St. John claims he was approached by Kanye previously this yr and requested to deliver accounting, small business administration, and taxation companies. By March 30, St. John experienced “already been released to Yeezy’s enterprise associates as Ye’s enterprise manager.” By April 12, West’s representatives launched St. John to organization associates as “the CFO of Donda,” an additional Ye-linked enterprise entity. St. John’s organization states it obtained a letter authorizing them to get all of Kanye’s fiscal data and to start performing on a ahead-transferring method.

St. John states he was adamant about getting a two-yr assurance to start out doing the job for him, primarily as the corporation had turned down two other chances to operate for West.

“In addition to the financial prices and risks related with committing to Defendants as purchasers, Plaintiff also required assurance that Defendants would not simply stroll absent from the company connection,” the lawsuit states. “Mr. St. John proposed to compromise on an agreement with a minimum time period of 18 months.”

Kanye allegedly agreed to the 18 months, and the two entities entered a deal that the corporation would be “retained to act as Kanye’s ‘most senior fiscal advisor’ and as the Main Economic Officer,” with a monthly retainer payment of $300,000.

However, West is mentioned to have known as a assembly just months right after making the deal to explore dropping the company altogether. 

“At this assembly, Mr. West grew to become heated and aggressive. He screamed at Mr. St. John and created clear he no for a longer time required to get the job done with him. When confronted by the 18-thirty day period determination that experienced just been produced, Mr. West stated text to the outcome of, ‘The 18-month expression was bulls–t’ and ‘You’re crazy for even imagining I would adhere to it.’”

Immediately after the meeting, the corporation alleges that Kanye failed to shell out the remainder of his agreement, which included the next 15 months of payment. As a end result, the enterprise is suing Kanye West for damages in the overall total of $4,500,000.

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