Related Video: Rihanna the good student

According to a lawsuit filed in New York on Thursday against Berdon LLP and two of its accountants (the people who used to look after her money), Rihanna, 24, is claiming that an audit from the IRS in the US is the direct result of her former money managers' bad practices.

The suit, filed under her real name, Robyn Fenty, claims that the 'We Found Love' singer made net losses during her 2009 'Last Girl on Earth' tour, despite raking in increasing hoards of cash. Through her lawyers, Rihanna is claiming that these losses were due to her former accountants taking millions through misconduct and malfeasance. The lawsuit also alleges that the defendants took 22 percent of said revenue while paying Rihanna just 6 percent.

Does Rihanna's t-shirt lie? Credit: Getty Images
"Despite having earned millions of dollars in revenues during Berdon's tenure Fenty learned that her net income after payment of expenses and exorbitant commissions to defendant was a fraction of that amount," the suit read.

They also reportedly encouraged Rihanna to purchase an expensive house in 2009, something Rihanna's lawyers allege that competent money managers would not have done in the face of such large financial losses.

The pop star on stage at BBC Radio 1 Hackney Weekend in the UK. Credit: Getty Images
Rihanna reportedly hired the accounts as a 16-year-old in 2005, when the Barabadian beauty was just starting her music career in the US. The company were fired from Rihanna's financial team in September 2010.

The singer is seeking undisclosed damages.

We can only say that Notorious B.I.G. was right in saying "mo money, mo problems".

Related Video: Extravagant celebrity homes

Popular videos