Akon’s Ex-Business Partner Claims Akoin And Akon City Are A ‘Part Of A Fraudulent Money-Raising Scheme’

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 nativeโ€™s plans to build his own city could be a Ponzi scheme.

akon city akoin

Per reports fromย Complex,ย Devyne Stephens has now asked a judge to freeze Akonโ€™s New York assets in an effort to get his money more quickly. Those reports also reveal that the court documents say Akon is โ€œflagrantly 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 โ€œred 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.

โ€œThe Akon City and Akoin ventures have many of the trademark characteristics (known as โ€˜red 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 โ€œfraudulent money-raising schemeโ€ through his latest business ventures and refusal to pay what he believes is owed to him, Akonโ€™s team says that the recent claims are โ€œnot based on any evidence.โ€

โ€œThey are nothing but innuendo and speculation, made by someone who had a claim against Akon dismissed,โ€ said a representative forย the โ€œLonelyโ€ singer.

They also shared proud sentiments ofย the work that the singer is doing in his home of Senegal.

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