Tasha K Blames Panic for Creation of Offshore Trusts to Avoid Cardi B Judgment

Two years ago Youtube gossip vlogger Tasha K was ordered to pay rapper Cardi B $4 million in damages after losing the defamation of character lawsuit Cardi filed against her [click here if you missed that].

Last week it was revealed that Cardi B had finally tracked down Tasha's accountant and the location of her offshore bank accounts and trusts in Africa [click here if you missed that], and now Tasha is claiming she never used the Trusts and created them out of panic in an effort to protect her family...

From Radar Online 

For months, Cardi seized Tasha’s income from her YouTube channel and various social media platforms. The rapper fired off a series of subpoenas to Tasha’s bank accounts to determine where her assets were held.

As we first reported, Cardi has been making moves in bankruptcy court for several months. Her legal team has deposed several individuals connected to Tasha K and her husband.

In January, Cardi claimed she discovered multiple domestic and offshore trusts that Tasha and her husband created but were not disclosed in the bankruptcy petition.

The rapper said Tasha “failed to disclose the existence of and/or testified untruthfully about the following” — The Sambakessi Investment Trust (Cook Islands), Soninkes LLC (Island of Nevis), The Bamako Trust (Kebe Children ILT) (Georgia), Transrina Management Trust (Georgia), and the Florida Joint Revocable Living Trust.

Tasha’s lawyer admitted the blogger created the offshore trusts after being sued by Cardi but never used them.

“The impending Cardi-B Judgment caused Debtor to panic and make hasty decisions that she felt were necessary to protect her family and her children. In March 2021, Debtor retained a Georgia attorney for an estate planning package for her and Cheick,” the lawyer said. “Because the litigation with Cardi-B was still ongoing, each trust was funded with only $10.00 cash on hand; no bank account was ever created for any of the domestic trusts and nothing has been transferred into or out of any of the trusts to date. The limited partnership was likewise created but valued at $0.00 and never used by Debtor, Cheick, their family or any other individual or entity. The domestic trusts and limited partnership remain active today but have no value.