(EXCLUSIVE) R&B Singer Teddy Riley Accused of Conspiracy & Fraud, Sued For $1.9 Million

TRE says that back in 2013, Riley agreed to sell certain receivables owed to him via his TR Music Company. The company says that Riley created fake accounts receivables to sell on the marketplace, which would never be paid by the account debtor TR Music and instead would collect the money from the sale and spread it out to the co-conspirators involved in the fraud.

The docs note that due to Riley’s fraud and deceit, he screwed buyers of a total of $326,480, which was paid to him in exchange for fraudulent accounts receivables. They claim Riley’s actions have suffered cruel and unjust hardship due to buyers on their website being screwed over.

The investment company is suing Riley and his music company for $1.9 million due to their conspiracy to commit fraud.

See the exclusive court docs.

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