USA India Australia Africa
Home Celebrities Nick Cannon’s Business Accountant Allegedly Embezzles $2 Million, Flees U.S.
Nick Cannon’s Business Accountant Allegedly Embezzles $2 Million, Flees U.S.

May 9, 2026:

Nick Cannon’s Business Accountant Allegedly Embezzles $2 Million, Flees U.S.

Nick Cannon
Accountant Wild ‘N Out with $2 Mil …
Allegedly Fleeced ‘N Fled

Published

main-nick-cannon-getty-1

Nick Cannon‘s ex-money manager managed his money, alright — treating Nick’s bank account like his personal piggy bank, and then disappearing with $2 million … according to the feds.

Sources with direct knowledge tell TMZ … Frank Musoke — a former account manager at a high-end Beverly Hills management and tax firm — is accused of spending several years siphoning cash from the “Wild ‘n Out” creator.

Federal prosecutors just hit Musoke with an 8-count indictment, claiming he leveraged his position managing the business and financial affairs of elite celebrities. While the indictment doesn’t mention Nick’s name, our sources confirm he’s the alleged victim.

The feds allege Musoke’s access gave him control of Nick’s debit cards and PINs, and he abused that access from December 2019 through June 2023 to withdraw roughly $1.7M from ATMs, spend more than $165K on Amazon purchases, blow nearly $192K on personal travel and rack up another $160K-plus in miscellaneous personal expenses.

In total, prosecutors say Musoke embezzled more than $2M from Cannon without his knowledge or permission. Cannon has reportedly been a client for nearly 20 years at the firm where Musoke worked.

Nick Cannon's Entangled Family Tree

It’s only identified as “Company A” in the indictment, but the firm allegedly fired Musoke in July 2023 after discovering the missing money.

But prosecutors say the scheme didn’t end there … Musoke is also accused of hiding more than $1.7M in allegedly stolen income on federal tax returns filed between 2021 and 2023 … leading to 3 tax evasion charges on top of 5 wire fraud counts.

Authorities believe Musoke has fled to Uganda, where he reportedly holds dual citizenship with the United States. If convicted, he faces up to 20 years in federal prison for each wire fraud charge, and up to 5 years for each tax evasion count.

We’ve reached out to Nick’s team … so far, no word back.

We also reached out to the FBI who declined to comment.

Source link

tags
Abkhazia Afghanistan Africa Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile China Colombia Comoros Costa Rica Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Greece Grenada Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria North Korea North Macedonia Northern Cyprus Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Republic of the Congo Romania Russia Rwanda Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Samoa San Marino Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Korea South Sudan Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Togo Tonga Transnistria Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda UK Ukraine United Arab Emirates Uruguay USA Uzbekistan Vanuatu Vatican City Venezuela Vietnam Western Sahara Yemen Zambia Zimbabwe