Nick Cannon Accountant Stole $2 Million and Fled to Uganda to Avoid Federal Charges

Nick Cannon Got Robbed by His Own Money Man

Imagine trusting someone with your finances for nearly two decades and then finding out they stole over $2 million from you. That is exactly what happened to Nick Cannon, and the man responsible has allegedly fled the country to avoid facing justice.

Federal prosecutors have charged Frank Musoke, 38, with five counts of wire fraud and three counts of tax evasion after he allegedly siphoned more than $2 million from the Wild N Out creator's accounts without permission. Musoke worked as an account manager at a high end Beverly Hills business management and tax firm that handled finances for elite entertainment industry clients.

The Spending Spree Was Insane

According to the indictment, Musoke had full access to Nick's debit cards, PINs, and financial accounts. From December 2019 through June 2023, prosecutors say he went on a spending spree that included roughly $1.7 million in ATM withdrawals, $165,000 on Amazon purchases, nearly $192,000 on personal travel, and another $160,000 on miscellaneous personal expenses.

That is almost four years of stealing before anyone caught on. Nick had been a client at the firm for almost two decades when the theft was discovered. The company fired Musoke in July 2023 after discovering the missing money, but by then the damage was done.

He Fled to Uganda

Here is where it gets even worse. Investigators believe Musoke has fled the United States to Uganda, where he holds dual citizenship. If convicted on all charges, he faces up to 20 years for each wire fraud count and 5 years for each tax evasion count. But catching him in another country is a whole different challenge.

The FBI is involved and international alerts have been issued, but extraditing someone from Uganda is not exactly a quick process. Musoke clearly planned his escape knowing the charges were coming.

A Cautionary Tale for Every Celebrity

This is a reminder that even the most successful people can be victimized by the people they trust most. Nick Cannon is worth millions, but that did not protect him from someone with access and bad intentions. If you are in the entertainment industry, audit your finances regularly. Trust but verify. Because the person managing your money might be spending it on themselves.