Karrueche Tran has been reported to be suing her former manager for allegedly shortchanging her of about $1.4 million from her earnings, The Blast reports
According to the report, a court document revealed that Karrueche Tran is suing her talent manager Yaqwb Muhammed aka Jacob York and his management company the Electric Republic for breach of contract, fraud, breach of private duty and punitive damages.
Karrueche Tran signed with the management company in 2016. She allowed them to collect her monies and take their 20% before sending to her. The company was to provide her with monthly accounting which she claims they never did.
The actress says she relied on her manager to tell her the accurate amounts owed to her. However, she claims they repeatedly misrepresented the amount of money her business ventures were making.
In November 2019, she claimed to have discovered her manager had failed to pay her $267,000 owed for personal appearances. She had her lawyer send off a letter demanding the money and accounting for other ventures.
Karrueche Tran started to investigate the situation and found that failed to report the 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
However, she says the problem is her managers only paid her $276,003.90 from the payment.
The suit adds, “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.”
Tran is suing for the $1.4 million-plus punitive damages, the Blast magazine report.