AceShowbiz - Federal prosecutors have charged a former financial manager with allegedly stealing more than $2 million from Nick Cannon in a multi-year fraud scheme.

The accused, Frank Musoke, who worked as an account manager for a Beverly Hills financial management firm, faces an eight-count federal indictment that includes charges of wire fraud and tax evasion. Although Nick Cannon is not explicitly named in the court documents, sources have confirmed to TMZ that he is the victim involved in the case.

Authorities claim Musoke had control over financial matters for multiple celebrity clients and access to Cannon’s debit cards and PINs. Prosecutors allege that between late 2019 and mid-2023, Musoke made unauthorized withdrawals and purchases using this access.

The indictment details that Musoke withdrew about $1.7 million from ATMs and made over $165,000 in Amazon purchases. Additionally, it is claimed he charged nearly $192,000 for personal travel and spent around $160,000 on various other expenses, bringing the total alleged theft to more than $2 million.

Following the discovery of the missing funds, the firm where Musoke was employed terminated him in July 2023. Prosecutors also state that Musoke failed to report over $1.7 million in income on federal tax returns filed from 2021 through 2023.

Musoke faces five counts of wire fraud alongside three counts of tax evasion. Officials believe he fled to Uganda, where he reportedly holds dual citizenship. If found guilty, Musoke could face decades behind bars.