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Billy Blanks -- Money Managers Jacked Me for $1 Mil

10/20/2010 9:45 PM PDT BY TMZ STAFF

Legendary Tae Bo badass Billy Blanks claims his former financial managers ripped off more than a million bucks from his bank accounts ... and now he's suing them to get back the cash.


Blanks filed the lawsuit today -- in L.A. County Superior Court -- against his ex-money handlers Rhenee Foster and Demetria Gutierrez. In the legal papers, he claims between 2007 and 2010 they made more than 70 unauthorized wire transfers and check withdrawals ... totaling $1,158,484.11.

According to the suit, Foster and Gutierrez used Blanks' money to pay for their groceries, vacations, spa treatments, phone bills and even college tuition for one of their daughters.

We tried to contact Foster and Gutierrez's company, but it's no longer listed in L.A. County.


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"He probably had "friends he knew from the streets" handling his money."

LMAO!!! OMG! That made me laugh so hard!

1463 days ago


What else would one expect from an uneducated idiot like this guy?

1463 days ago


Damn!! Billy look homeless as hell in that pic! Look like this panhandler dude I walk past every day, on the way to work, LOL! He musta went through all that Tae Bo money like tap water!

1463 days ago


did he just get out of a deep fryer?

Posted at 7:59 PM on Oct 20, 2010 by Gluey


1463 days ago

Stupid People Hater    

Damn they need to tone down the sharpness or something on that pic.

1463 days ago

Throwback kid    

Whamo #18 You are a LOSER! with that said, sometimes when you type a comment and there are no comments yet posted, that does not mean you are first. When you click on the email there are sometimes people ahead of you, so I did not know I was first.

So stick to what you know- which is nothing! and go back to your keyboard and type some more smack about people you don't know. You have been dismised.

1462 days ago


Great pick not everybody can do a really great racist picture right.ROFLMAO

1462 days ago
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