Tupac Shakur‘s sister appeared earlier than a Los Angeles decide after notifying the court docket in January 2022 that the executor of their late mom’s property — music govt Tom Whalley — wouldn’t adjust to a court docket order. Billboard studies that she is accusing Whalley of full “disregard for transparency” and a “false sense of entitlement” of their contentious ongoing litigation.
Up to now, Shakur has offered greater than 75 million data worldwide, in response to Biography. When he died, the California hip-hop star was solely price $200,000, the Rich Genius studies. In 2019, Shakur’s property clocked in at a worth of $40 million, in accordance to Grunge.
Whalley was head of Warner Bros. Information, and in 1989, he signed Tupac to Interscope, TMZ studies. Nevertheless, in response to Ambrosia For Heads, the rapper’s mom, Afeni Shakur, inherited his property earlier than her dying in Could 2016. Afeni named Tom Whalley because the executor of the Belief she established for her son’s music rights.
Sekyiwa Shakur and The Tupac Shakur Basis blamed Whalley for allegedly embezzling hundreds of thousands whereas administering Afeni Shakur-Davis’s Belief, Billboard studies.
Sekyiwa stated that when Whalley filed a court-ordered report, the Belief had change into “woefully wanting compliance,” in accordance to Billboard.
Sekyiwa is accusing Whalley of committing “blatant violations” of his duties as trustee, together with his unwillingness to supply annual studies on the Belief as required by regulation. She can also be declaring that Whalley refuses to present her private belongings that have been as soon as her brothers, and he unjustly appointed himself because the supervisor of Amaru Leisure, the report label that releases Tupac’s music and is “[the] principal income-producing asset of the Belief.”
“He has successfully embezzled hundreds of thousands of {dollars} for his personal profit,” Sekyiwa wrote.
“Whalley has unreasonably enriched himself on the expense of the beneficiaries and in dangerous religion by taking extreme compensation ready from which he ought to correctly be barred based mostly on the inherent battle of curiosity.”
Sekyiwa’s attorneys, music lawyer Londell McMillan and attorneys Donald David and Joshua R. Mandell of the regulation agency Akerman, stated Whalley shouldn’t be complying with the decide’s request. Based on Billboard, they word that Whalley won’t embody the mandatory paperwork to confirm the quantities listed.
“Respondent may very simply have offered these paperwork in assist of his accounting however has refused to provide any,” Sekyiwa’s attorneys wrote.
“Respondent has chosen to maintain his actions and the standing of the belongings within the Belief and Amaru at midnight quite than enable affordable evaluate and remark.”
As a doable treatment, Sekyiwa’s attorneys need the decide to nominate an impartial CPA (licensed public accountant) with fiduciary accounting experience to evaluate the Belief and “be sure that it’s accomplished well timed and in compliance with all relevant necessities.”
“Respondent shouldn’t be allowed to proceed spending the Belief’s belongings to pursue a self-serving, drawn-out litigation marketing campaign with the intention of withholding as a lot important monetary data as he can till pressured to provide it, and falsely selling himself within the course of,” Sekyiwa’s attorneys wrote in court docket paperwork.
“If the Belief’s cash is to be spent, it needs to be spent effectively on an impartial CPA who will transfer expeditiously and account to the beneficiaries and the Court docket pretty and objectively.”
Belief legal professional Howard King vouches that Whalley has not dedicated any wrongdoing, in response to Billboard.
