WILD ‘N OUT OF CONTROL! Nick Cannon’s Money Manager Charged For Siphoning $2 Million… And He’s On The Run!
Media Take Out has the absolute “Check Your Balance” exclusive! Nick Cannon is famous for having a lot of kids, but it turns out he had a grown man treating his bank account like a personal playground! We’ve learned that Nick’s long-time money manager has been officially charged by federal prosecutors for treating the superstar’s wealth like a personal ATM for nearly four years straight.
The feds have slapped Frank Musoke, 38, with five counts of wire fraud and three counts of tax evasion after he allegedly drained more than $2 million from the “Wild ‘n Out” creator’s accounts.
The Ultimate Betrayal
Nick wasn’t just a random client; he had been with this high-end Beverly Hills business management firm for twenty years. Musoke was an account manager who had the “keys to the kingdom”—full access to Nick’s debit cards, PINs, and sensitive financial info.
- The Timeline: From December 2019 all the way through June 2023, the feds say Musoke was living the high life on Nick’s dime.
- The Spending Spree:
- $1.7 million in cold hard cash withdrawn from ATMs.
- $165,270 on Amazon hauls (that’s a lot of Prime deliveries!).
- $192,000 on luxury personal travel.
- $160,000+ on “miscellaneous” lifestyle expenses.
Double Trouble: Tax Evasion & The Great Escape
As if stealing millions wasn’t enough, Musoke reportedly tried to play the IRS too. Between 2021 and 2023, he filed false tax returns that failed to report that $1.7 million in “stolen income.”
But here’s the kicker: He’s gone! The feds believe Musoke, who holds dual citizenship, has fled to Uganda to avoid facing the music. If they catch him and convict him on all counts, this man is looking at 20 years in federal prison for each wire fraud charge. That’s a life sentence for some designer shoes and vacations!
Nick Cannon Stays Silent
The firm reportedly discovered the theft and fired Musoke in July 2023, but the damage was already done. While Nick’s team hasn’t released an official statement yet, you know the “Masked Singer” host has to be fuming. With all those mouths to feed and tuitions to pay, $2 million is a massive hit even for a mogul like Nick.
How do you steal $2 million from a man for four years without him noticing? Is Nick too busy with “daddy duties” to check his statements? Let us know in the comments!