Akon Claims A Former Business Partner Is Attempting To Freeze His Assets

The Konvict Music mogul has earned a large amount of wealth throughout his musical career. Besides that, Akon has been planning to build a “futuristic cryptocurrency-themed city.”

The project would take place in Senegal. The city is to consist of parks, hotels, and a stadium that’ll rely only on Akon’s digital currency, Akoin.

In order to do so, Akon also secured $4 billion in investments. Now, Devyne Stephens is suing Akon. He claims  Akon’s futuristic city a Ponzi scheme 

Also, Stephens demanded that the judge put a freeze on all of Akon’s New York City assets.

Lawsuits Filed By Akon And Devyne Stephens

Page Six reports that Akon’s lawyers aimed at Stephens in court documents. They filed with the Manhattan Supreme Court on Monday (Apr 4).

The documents claim that the former business partner attempts to “damage Akon’s reputation out of spite.” Akon’s lawyers also said that the suit is “character assassination.” He then added that the case has “inflicted unwarranted damage on Akon.”

In a separate 2018 lawsuit, Stephens also accused the Senegalese songwriter of owing him $4 million. The sum allegedly comes from the unpaid royalties.

Previously, he also called Akon a “dishonorable spendthrift that shirks his responsibilities and does not keep promises.” In 2018, Akon reportedly agreed to pay Stephens $3.25 million over four years.

However, the artist allegedly backed out of paying the last $750,000 installment.

Moreover, Stephens has taken Akon to court three times since launching the Senegalese singer’s career in 2004. Akon urges the judge to deny Stephens’ request to freeze his assets.

Below is the video of Akon discussing his cryptocurrency.

Written by Nikiya Biggs

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