The veteran money manager has officially exited his role overseeing the "Wild 'N Out" creator's finances, attaching himself to a highly lucrative, unscripted flight from federal authorities.
Sources close to the transaction confirm that Frank Musoke quietly closed the $2 million embezzlement deal late last week, opting out of his day-to-day accounting duties in favor of an international pivot. Industry insiders note the most impressive aspect of the move wasn't the sudden disappearance, but Musoke’s ability to locate seven figures of available capital in a bank account heavily leveraged by twelve ongoing, multi-platform child support commitments.
Frank has always had an incredible eye for untapped revenue streams, but finding $2 million in the Nick Cannon portfolio that wasn't already legally earmarked for a private preschool or a sprawling Calabasas estate is his masterpiece.
According to a federal indictment serving as the project's foundational IP, Musoke treated Cannon's accounts as his own personal development fund. The feds allege the money manager fully bypassed traditional agency routing, directly transferring the $2 million into an undisclosed offshore account before going dark on all communication channels.
The Department of Justice, which currently holds domestic distribution rights to the charges against Musoke, issued a brief statement indicating they are actively looking to acquire the fugitive accountant. Federal investigators are reportedly frustrated that Musoke was able to fast-track the $2 million withdrawal without a single studio-level oversight committee flagging the transaction.
Reps for Cannon at CAA declined to comment on the unauthorized extraction. Insiders suggest the "Masked Singer" host is already taking pitch meetings for a new business manager capable of navigating his complex, twelve-tiered dependent portfolio. Musoke, meanwhile, is currently unrepresented and is believed to be scouting locations in a non-extradition territory.