billy blanks -- money managers jacked me for $1 Million !

October 21, 2010

Blanks -- Money Managers Jacked Me for $1 Mil

10/20/2010 6:50 PM PDT by TMZ Staff

Legendary Tae Bo badass 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 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, and Gutierrez used Blanks' money to

pay for their groceries, vacations, spa treatments, phone bills

and even college tuition for one of their daughters.

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