TMZ reports Frank Musoke, a former account manager at a high-end Beverly Hills management and tax firm, is accused of spending several years embezzling more than $2 million dollars from Nick Cannon
Authorities believe Musoke has fled to Uganda, where he reportedly holds dual citizenship with the United States.
Federal prosecutors just hit Musoke with an 8-count indictment, claiming he leveraged his position managing the business and financial affairs of elite celebrities. While the indictment doesn't mention Nick's name, TMZ sources confirm he's the alleged victim.
The FBI alleges Musoke's access gave him control of Nick Cannon's debit cards and PINs, and Musoke abused that access from December 2019 through June 2023 to withdraw roughly $1.7M from ATMs, spend more than $165K on Amazon purchases, blow nearly $192K on personal travel and rack up another $160K-plus in miscellaneous personal expenses.
In total, prosecutors say Musoke embezzled more than $2M from Cannon without his knowledge or permission. Cannon has reportedly been a client for nearly 20 years at the firm where Musoke worked.
If convicted, he faces up to 20 years in federal prison for each wire fraud charge, and up to 5 years for each tax evasion count.