It is now being reported that Duane Martin pulled off an alleged scam in his bankruptcy case, and reportedly he used a loan from Will Smith and Jada Pinkett-Smith to do so.
According to TMZ, new legal documents reveal that bankruptcy officials claim that although Duane and Tisha Campbell-Martin filed for bankruptcy back in January 2016, he has reportedly been hiding money for years from different sources.
According to the documents, Duane had hundreds of thousands of dollars coming in from a clothing store and real estate investment, however, he reportedly did not reveal that information in the bankruptcy documentation. Officials grew privy of Duane’s financial actions after Tisha a filed for divorce in February and discovered he concealed” and “diverted valuable assets” in their bankruptcy case.
The documents reportedly say that Duane used a $1.4 million loan he received from Will and Jada, through their company. He purchased a home and sold it later for a million dollar profit “with the intention of pocketing the sales.”
Will and Jada are not being accused of any wrongdoing. Officials are just alleging the loan was a part of a bigger “sham” by Duane. Now officials are reportedly asking that Duane’s discharge of debts be revoked, and he turns over the money he has allegedly been hiding.
A source close to Tisha-Campbell Martin told the site “she tried to convince Duane to tell the truth but in the end, she had to reveal her findings to ‘avoid jail and be there for their two children.’”
Duane has not commented on the matter as of yet.
As we previously reported, Duane and Tisha were accused of hiding some of their coins while filing for bankruptcy.