Tisha Campbell Martin, and Duane Martin are getting a divorce, and the ish is hitting the fan. Will Smith was forced to hand over his finance records , and communication with his best friend Duane Martin.
According to Court documents Will Smith handed over emails between him and his friend Duane from 2018, where they talked about an $1.4 million loan that Will and Jada Pinkett Smith loaned Duane several years ago to buy the home in question, which is now the subject of a fraud lawsuit.
The emails show that the Martin pressured Will to loan him the money, and that the two discussed him selling the property in 2018. As of now there are no allegations that Will or Jada did anything wrong or had any knowledge of any alleged wrongdoings.
According to TheBlast.com
The new revelations are a part of the lawsuit filed back in September, where the trustee in Duane and Tisha Campbell Martin‘s bankruptcy sued Duane due to his belief that he hid assets of $2.6 million under a company named Roxe LLC.
The trustee alleged Duane set up Roxe LLC to allegedly conceal ownership of a 9,000 sq. ft. mansion in Chatsworth, California. Duane originally bought the home in 2006 for $900,000. He then borrowed $1.9 million for the purpose of constructing the “Martin family home.”
Duane then defaulted on his loan and negotiated a short sale with the bank, and he used Roxe to buy the home back from the bank using a $1.4 million loan from Will Smith and Jada Pinkett Smith. Roxe LLC became the owner and Duane and Tisha allegedly entered into a lease with their own company to pay rent of $5,000 per month.
In early 2018, Duane listed the home for $2,695,000 with the intention of pocketing all of the sales proceeds in excess of the loan given by Will and Jada, meaning he would pocket $1.3 million if sold at asking price.
The trustee says the lease was a sham and Duane and Tisha didn’t make all the payments on the house.
The suit is demanding Duane be forced to turn over the home to the bankruptcy estate and used to benefit his creditors.
Damn I need some friends like Will Smith! Rapped Out!
Categories: Money Mover