Image source: vanityfair.com

The news that Kylie Jenner is no longer on the Forbes list of billionaires and that she no longer holds the title of the youngest billionaire in the world because she exaggerated her success for years and placed false business results of her company Kylie Cosmetics resonated like a bomb around the world.

The reality star could face a criminal investigation over alleged exaggerations of her assets, Daily Mail writes.

Image source: Instagram

Expert in financial fraud cases Jan Handzlik confirmed to the Daily Mail that these exaggerations could get Jenner in serious legal trouble.

“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”, Handzlik said.

Following the news of fraud and lies about the business, 22-year-old Kylie herself took to Twitter and claimed that she was allegedly not worried about the whole situation at all, but it is really hard to believe.

“What am I even waking up to. I thought this was a reputable site. All I see are a number of inaccurate statements and unproven assumptions lol. I’ve never asked for any title or tried to lie my way there EVER. Period,” Kylie wrote in one of the posts.

Forbes named Kylie the world’s youngest billionaire twice, in 2019 and again this year, and a few months ago she even found herself on their cover. However, serious charges have now been filed against her, including tax forgery, and the young reality star could face a prison sentence. According to Handzlik, Jenner could face a criminal investigation by the Department of justice.

“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”, he explained.

The Kardashian-Jenner family, as the most popular reality family in the world, has been rocked by numerous scandals so far. However, after this, their future and success could become really questionable, if not already.

Read Also: Forbes Reveals That Kylie Jenner Is Not a Billionaire

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