Connect with us

Hi, what are you looking for?

According2HipHopAccording2HipHop
0

FASHION

Kanye West Sued For Fraud Over Yeezy Sneakers By Japanese Fabric Company For $600,000

According to The Blast Kanye West has been accused of stiffing a Japanese fabric company for hundreds of thousands of dollars over his Yeezy sneakers, and they claim that Ye tried to deceive them by creating a fake company so that he would never have to pay up what he owed.

Japanese knitted fabric supplier Toki Sen-I Co. just filed the lawsuit against Kanye West personally, as well as Yeezy Apparel, LLC.

Toki Sen says shortly after 2015, they got into business with Kanye to deliver samples for upcoming Yeezy sneakers, and at the time, everything went smoothly and payments were made.

However, in June 2018 Kanye placed a large order for various materials of fleece fabric, and they immediately went into production. Toki Sen wanted a down payment for the work, but claim Kanye never ponied up any money, but because of Kanye’s previous history they did not think there would be an issue.

They claim that Kanye later came to them and told them he would not be paying for the fabric. Toki Sen says they are owed $624,051 over the fabric, and have offered numerous payment plans to no avail.

The company also claims Kanye’s company, Yeezy Apparel, is a “shell” and a “sham” without capital assets or member interest. They believe Kanye operates Yeezy Apparel to prevent himself from being personally liable for anything.

https://www.instagram.com/p/BtEqkdgFAYb/

Advertisement

Trending

You May Also Like

MUSIC

Eminem doesn’t hold back in “Realest,” as he directs his disses at fellow artists The Game and Melle Mel. While the reasons behind these...

MUSIC

In the ever-evolving landscape of hip-hop, artists often collaborate to create groundbreaking music that pushes boundaries and challenges societal norms. One such collaboration that...

NEWS

In the heart of Manhattan, a legendary establishment that has long been a symbol of opulence, entertainment, and the bustling nightlife has bid farewell...

NEWS

Running a business is rewarding, but it’s even more of a blessing when it’s with your family. A Long Time In The Making After over 40...