Accounting firm BDO lost celebrity clients, including Jay-Z and Megan Thee Stallion after allegations of fraud affecting customer accounts.

A report from the Financial Times confirms that Jay-Z and Megan Thee Stallion are among the celebrities who have cut ties with accounting firm BDO’s Miami operation following allegations in 2022 that a staff member was stealing money from client accounts. The firm manages personal and business finances on behalf of celebrities and other wealthy clients, with services ranging from paying bills to filing taxes.

According to the report, Jay-Z’s departure stems from displeasure over the way BDO handled the fraud allegations in 2022, wherein a staff member stole funds from rapper Fat Joe, and partners failed to spot inconsistencies in his financial records at the time. The staff member, named Vanessa Rodriguez, is said to have used credit cards and bank accounts belonging to Fat Joe, his wife, and his businesses to withdraw thousands of dollars in cash.

Fat Joe, whose legal name is Joseph Cartagena, claimed BDO’s management of his affairs was “so chaotic” that his mortgage payments were often late. Further, he says it was impossible to reconcile different accounts, and it seemed his credit card bills were sometimes paid from accounts belonging to other celebrity clientele, such as Major League Baseball players.

Vanessa Rodriguez was indicted last month in Miami on four counts of fraud. She was accused of spending money on lines of credit that did not belong to her, but many details of the charges have remained under seal.

BDO has refuted the allegations against it in Fat Joe’s lawsuit, which was settled on undisclosed terms earlier this year. But that lawsuit and the details it contained have had wider reaching repercussions for the accounting firm, leading to the departure of several high-profile clients. Employees working for Jay-Z felt slighted at how BDO responded to accusations from Fat Joe, who is a client of Jay-Z’s Roc Nation. Ultimately, that led to Jay-Z’s departure as a client of BDO, having left in 2023 — within months of Fat Joe’s departure.

Megan Thee Stallion is also said to have left BDO over the allegations, having departed as their client in 2022. BDO told Financial Times that the firm “does not comment on pending litigation or matters related to current or former clients.”