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Frank Musoke Indicted in $2 Million Theft From Celebrity Client, Believed to Have Fled to Uganda

The case spotlights the risk when a money manager holds full control over a star's bank cards.

Overview

  • Federal prosecutors filed an eight-count indictment charging Frank Musoke with five counts of wire fraud and three counts of tax evasion, which carry maximum prison terms of up to 20 years per wire-fraud count and up to five years per tax count if convicted.
  • Prosecutors say he siphoned more than $2 million between December 2019 and June 2023 by abusing access to a client's debit cards and bank accounts.
  • The alleged spending included about $1.73 million in ATM withdrawals, roughly $165,000 on Amazon purchases, nearly $192,000 on personal travel, and more than $160,000 on other personal expenses.
  • The Beverly Hills business-management firm that employed him discovered missing funds and fired him in July 2023.
  • Authorities believe he fled to Uganda, where he holds dual U.S.–Ugandan citizenship, and the indictment keeps the victim anonymous as media outlets citing sources report it is Nick Cannon.