Tupac’s Sister Says Trustee ‘Embezzled Millions’ From Mother’s Estate

1/12/2022 5:42:00 PM

Tupac Shakur’s sister is suing the executor of their late mother’s estate, accusing him of having “embezzled millions”

Legal, Sekyiwa Shakur

Tupac Shakur’s sister is suing the executor of their late mother’s estate, accusing him of having “embezzled millions”

Sekyiwa Shakur says the executor of her mother’s estate, largely composed of assets from the legendary rapper, is using it as “a piggy bank” to enrich himself.

Related01/12/2022“He has effectively embezzled millions of dollars for his own benefit,” Sekyiwa wrote. “Whalley has unreasonably enriched himself at the expense of the beneficiaries and in bad faith by taking excessive compensation in a position from which he should properly be barred based on the inherent conflict of interest.”

Following Tupac’s widely-publicized shooting death in 1996, his mother Afeni was named as a beneficiary of his estate. When Afeni died in 2016, Whalley was then named as the executor of her estate.According to Sekyiwa’s lawsuit, Whalley has committed a wide range of “malfeasance” in that role. Chief among his alleged misdeeds, she says he hired himself as the manager of Amaru Entertainment, the record label that released some of Tupac’s music and is “principal income-producing asset of the Trust.”

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of “blatant violations” of his duties as the executor of Afeni Shakur-Davis’s estate, including allegedly installing himself in a key management role despite a conflict of interest..58:13 ABC News Exclusive: Mary Trump Interview with Stephanopoulos Mary Trump speaks exclusively to ABC News about President Trump for the first time since the publication of her explosive new book.A strange thing is happening in Chicago’s northern suburbs — fine-dining restaurants that previously wouldn’t set foot outside of downtown are rushing to open up there.

Related 01/12/2022 “He has effectively embezzled millions of dollars for his own benefit,” Sekyiwa wrote. “Whalley has unreasonably enriched himself at the expense of the beneficiaries and in bad faith by taking excessive compensation in a position from which he should properly be barred based on the inherent conflict of interest. One of the pools Photo: The Home Aesthetic/Encore Sotheby’s International Realty Linden House was built for the late timeshare entrepreneur and passionate philanthropist, Christel DeHaan, who died last year at age 77.” Following Tupac’s widely-publicized shooting death in 1996, his mother Afeni was named as a beneficiary of his estate., the former president's father. When Afeni died in 2016, Whalley was then named as the executor of her estate. DeHaan co-founded the global timeshare empire Resort Condominiums International, selling it in 1996 for a reported $825 million. According to Sekyiwa’s lawsuit, Whalley has committed a wide range of “malfeasance” in that role. Retail real estate is proving resilient and is even poised for a rebound, despite pressures caused by Covid and growing online channels.

Chief among his alleged misdeeds, she says he hired himself as the manager of Amaru Entertainment, the record label that released some of Tupac’s music and is “principal income-producing asset of the Trust. “Linden House was Ms.""So certainly that indicates that she had some duty at that time if she felt she was being lied to, look a little further and a little deeper and not wait 20 years.” “Whalley has already received more than $5.5 million that he has paid himself in the last five years through Amaru,” Sekyiwa wrote. In fact, half the main house was designed as DeHaan’s personal quarters, while the other half was specifically set up to hold fundraising events and large gatherings. He has also refused to release personal property held by the estate, she says, including items Afeni inherited from Tupac. "I'm a little hesitant about the idea of not even allowing them to pursue that," Judge Robert Reed said. She said that includes the late rapper’s cars, his jewelery, his artwork and even his “golden records. The main foyer doubles as a grand reception area. These entrepreneurs often (or eventually) need physical retail space.

” “It is clear that he has used and abused his powers as executor and special trustee of the estate and the trust to convert the personal property belonging to Sekyiwa as a piggy bank from which he has drawn substantial funds for his own benefit,” she wrote. In a statement, an attorney for the trust strongly denied the allegations. Maur. Mandel Ngan/AFP via Getty Images (FILES) In this file photo taken on January 6, 2021, US President Donald Trump speaks to supporters from The Ellipse near the White House in Washington, DC. Howard King , another well-known music litigator, said Whalley was a longtime “friend and confidant” of both Tupac and Afeni and had committed no wrongdoing. King specifically noted that Whalley had been appointed to manage Amaru by Afeni before her death, not after. You are 10 minutes from downtown Indianapolis and Butler University is close by, as are some of the city’s most exclusive golf and country clubs. “These claims are disappointing and detrimental to all beneficiaries of the trust,” King said. Mary Trump's lawsuit said former President Trump and his siblings"conspired with each other and those loyal to them to abuse their dominant position for their own benefit, breach the trust that had been placed in them, and defraud Mary out of what was rightfully hers," a sum that her lawsuit said could be more than $10 million. Does this mean physical retail activity will start to claw back share from online? Likely not.

“We are confident the court will promptly conclude that Tom has always acted in the best interests of Amaru, the trust, and all beneficiaries. Gates off North Michigan Road open on to a crunchy-gravel driveway that circles the entire property.” Notably, Sekyiwa is represented in the lawsuit by L. Londell McMillan . The dining room in the residential wing Photo: The Home Aesthetic/Encore Sotheby’s International Realty Step into the main foyer to find a towering, two-story space with elegant 27-foot-high arched ceilings.