Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Akon Pays Former Business Partner $850K in Ongoing Lawsuit

by Staxxssss
April 15, 2022
Reading Time: 2 mins read
0
Akon’s Senegal Development Project Falls Apart as Government Reclaims City Land

Akon’s Senegal Development Project Falls Apart as Government Reclaims City Land

Share on FacebookShare on Twitter

Akon has paid his ex-business partner $850K to settle a portion of their ongoing lawsuit.

In 2021, music executive Devyne Stephens filed a $4 million lawsuit against Akon. In the lawsuit, Stephens claims that the singer owes him money from a 2018 settlement agreement.

Last month, Stephens asked a judge to freeze Akon’s assets which the singer says was done “out of spite.” However, a Manhattan Supreme Court Justice denied Stephens’ request because “as moot, as this issue has been otherwise resolved pursuant to an agreement between the parties,” the brief ruling says.
Nevertheless, Akon’s rep states the $850,000 will resolve a partial portion of the suit.

“This week I fully resolved Devyne Stephens’ court application to freeze my New York assets,” Akon says in a statement. “Although I have several substantial claims that will be pursued against Stephens in the pending case. I paid him $850,000. Some of which I still challenge. To show the public that he was flat out wrong about any inability to pay the last installment of our prior settlement. My work on Akon City in Africa and Akoin cryptocurrency is too important to be tarnished and harmed by Stephens.”

For a while, Akon has been creating a new city and currency in Africa which Stephens dubbed as a Ponzi scheme during his asset freeze request.
The two former partners continue to work to find a common ground but until then, Stephens’ lawyer says, “We are pleased by Akon’s payment of $850,000 to Mr. Stephens to satisfy one of his outstanding debts. We look forward to prevailing on our other claims in this case.”

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Erica Banks Puts Carl Crawford on Blast for Being a “Terrible Businessman” and Spreading BBL Lies [Video]
Entertainment

Erica Banks Puts Carl Crawford on Blast for Being a “Terrible Businessman” and Spreading BBL Lies [Video]

August 11, 2025

Erica Banks is not holding back when it comes to her former labelhead, Carl Crawford. In a recent sit-down with...

Benzino Launches New OnlyFans, Says It’s All About the Ladies and His Gym Gains [Video]
Entertainment

Benzino Launches New OnlyFans, Says It’s All About the Ladies and His Gym Gains [Video]

August 11, 2025

Benzino is stepping into new territory. The former "Love & Hip Hop: Atlanta" star just revealed he’s officially revamping his...

Porsha Williams $7.3M Home Awarded to Her in Divorce Facing Massive Lien Over Ex-Husband Simon Guobadia’s Unpaid Legal Fees
Entertainment

Porsha Williams $7.3M Home Awarded to Her in Divorce Facing Massive Lien Over Ex-Husband Simon Guobadia’s Unpaid Legal Fees

August 11, 2025

Porsha Williams is facing new drama tied to the home she fought hard to obtain in her divorce. According to...

50 Cent Drags Floyd Mayweather for Allegedly Trying to Sell $80K Gold Cup Months After Bankruptcy Rumors
Entertainment

50 Cent Drags Floyd Mayweather for Allegedly Trying to Sell $80K Gold Cup Months After Bankruptcy Rumors

August 11, 2025

50 Cent is keeping his long-running feud with Floyd Mayweather alive, this time by clowning the retired boxing champ over...

Next Post
Faizon Love Weighs in on Diddy’s Arrest: “When Has Being Nasty Been a Federal Crime?”

Faizon Love Responds to Jay-Z Addressing His Fake Drug Dealer Claims on “Neck & Wrist” Song

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

Chat with Baller Alert Bot
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d