Rihanna Wins Settlement After Bad Real Estate Advice

Rihanna has won a multi-million dollar settlement after she nearly went broke based on bad advice from her accountant . Rihanna, suing under her real name Robyn Fenty, sued claiming accountant Peter Gounis and the firm Berdon LLP gave her the green light to buy a $7 million Southern California house even though she was bleeding cash in 2009.

“The defendants advised Ms. Fenty by e-mail that purchasing a home in Los Angeles ‘would be a good investment’ despite knowing Ms. Fenty was experiencing financial difficulties,” wrote Rihanna’s lawyer Edward Estrada. It was claimed that she lost $9 million, leaving her with just $2 million at the end of 2009. Rihanna’s lawyers claimed Gounis was aware the house she was buying was rotting from water and mold damage, forcing her to spend more than $1 million on improvements before selling it for nearly $2 million less than what she paid.

Rihanna fired the accountants and sued them for $35 million in 2012. Now we are told the firm has offered the singer a settlement of more than $10 million, and papers are due to be signed this week. Reps for Rihanna, whose financial position has vastly improved recently after earning enough to put her worth at about $43 million, and Berdon LLP didn’t get back to us last night.