The cosmetic queen Kylie Jenner might encounter ‘jail time’ post the famous magazine Forbes accused that Jenner had ‘faked’ her luxury status with a ‘web of lies.’
Earlier on 29th May, the magazine said in scornful writing that the 22 yr old had been fabricating about her beauty line profits. They also went one step forward alleging for ‘creating tax returns that were likely forged.’
Speaking on this the beauty queen replied to the accusations stating “there were ‘a number of inaccurate statements and unproven assumptions’ in the piece.”
On this issue, a prominent attorney Jan Handzlik said that the allegations stated by Forbes might end in a major problems for Kylie. ‘My guess is that at a minimum the SEC will begin what they call an informal inquiry and then perhaps elevate that to a formal investigation, which gives them subpoena power,’ he stated.
The ex-federal lawyer briefed that US law administration might be ‘jumping in’ and a criminal inquiry by the Department of Justice will also occur. Further, there are possibilities for her to be sent to jail.
He also added that: “If the Department of Justice decides to make this a criminal case… if there were to be a conviction that could include jail time for any individuals who were responsible.” “We don’t know if there’s something here that doesn’t meet the eye. But taking the allegations at face value, there is certainly a basis to conduct an investigation and maybe move ahead with an enforcement action or a criminal prosecution.”
“In fact, if the court rules that the Jenners or Jenner companies have received ill-gotten gains, profited from a financial statement fraud or financial misdeed, then these rather staggering sums of money that were paid or distributed within the Jenner orbit, the SEC could order those be returned. In other words, they would seek to make Coty whole again.”
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