Talk about a way to watch the plot thicken in a business relationship gone awry.
As previously reported by OMGVoice, the ex-business partner of Akon claims that the singer still owes him four million dollars. In a new allegation, he now says that the Senegal nativeโs plans to build his own city could be a Ponzi scheme.
Per reports fromย Complex,ย Devyne Stephens has now asked a judge to freeze Akonโs New York assets in an effort to get his money more quickly. Those reports also reveal that the court documents say Akon is โflagrantly breaching two separate contractual promises.โ
Devyn’s Claims
According to Stephens, who has named himself as a former Special Agent with the U.S. government, Akon City and Akoin ventures contain โred flagsโ that suggest that it falls in line with the many business schemes that take place across the globe. The claims were stated in court documents dated March 7.
โThe Akon City and Akoin ventures have many of the trademark characteristics (known as โred flagsโ) of fraudulent business ventures such as Ponzi schemes and pyramid schemes. Therefore, it is likely that Akon City and Akoin are part of a fraudulent money-raising scheme.โ
Furthermore, Stephens aims to get what he claims he is owed fromย Akonย at a faster pace by filing the motion to freeze his assets.
Akon’s Response
While Stephens and his team argue that Akon is involved in a โfraudulent money-raising schemeโ through his latest business ventures and refusal to pay what he believes is owed to him, Akonโs team says that the recent claims are โnot based on any evidence.โ
โThey are nothing but innuendo and speculation, made by someone who had a claim against Akon dismissed,โ said a representative forย the โLonelyโ singer.
They also shared proud sentiments ofย the work that the singer is doing in his home of Senegal.