Teddy Riley Facing $1 Million Lawsuit For Conspiracy And Fraud

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Last year Teddy Riley made and appearance on the reality series 'Love & Hip Hop Hollywood' when he met his daughter Nia's boyfriend Soulja Boy. Unfortunately, the hit making producer might have to depend on his daughters career to help his pay for the lawyers he's going to need.

According to the Jasminebrand.com, Riley is being sued for $1.9 million for conspiracy and fraud. Riley was to sell receivables back in 2013 through his TR Music Company to The Receivers Exchange, an online investment company. 

The investment company claimed he sold receivables to fake accounts. This money would never be paid by the account debtor TR Music, but he collected the money from the sale.


Riley allegedly cheated buyers out of a total of $326,480, which he received due to the fake accounts he created. 

The former Guy producer was also accused of sharing the fraudulent money with co-conspirators!
Tamara M. Anderson
@mstekeyla

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