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

teddy riley-lawsuit-the jasmine brand

R&B singer Teddy Riley is accused of creating a complex online scam to screw investors out of hundreds of thousands and now he has been hit with a $1.9 million dollar federal lawsuit for conspiracy and fraud, theJasmineBRAND.com exclusively reports.

Reportedly, the online investment company, The Receivables Exchange, explains that they are an electronic marketplace where sellers can auction off eligible receivables for sale to investors – which essentially is a company selling off debt owed to them and then the buyer can legally collect on the money owed by the debtor.