According to papers filed today in Los Angeles County Superior Court, the business manager of a "world famous super group" has been cooking up a mess of trouble for the band, including non-payment of federal taxes for at least eight years, non-payment of state income taxes in California and other states, and suspension of band members' California corporations for non-payment of corporate income taxes.
One of the suspended corporation is owned by Black Eyed Peas singer will i am while others are owned by various members of the band and the band as whole. Another of the corporate entities is the band's touring corporation.
The situation came to light when business manager Sean Larkin sued attorney Helen Yu, who represents several of the band members, for $5 million dollars for defamation of character over Yu's concern about the state of the band's finances.
Yu answered with a detailed breakdown of Larkin's alleged misdeeds that include allegedly neglecting to file taxes for almost a decade thus causing the band's various corporations to be suspended by the California Franchise Tax Board and exposing to them to potential damages; and allegedly neglecting to maintain accurate, adequate books and records--actually Yu claims Larkin is just now compiling bookkeeping records to back up his claims.
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