Zane_2All that glitters isn’t gold and things aren’t always what they seem, especially when it comes to money and how much you’re actually earning vs. spending. Erotica author Zane filed bankruptcy in June, while the movie Addicted, where she is listed as Executive Producer was in production.

The Washington Post reported:

The Prince George’s County-based erotica author, who is sometimes compared to “Fifty Shades of Grey” writer E.L. James, filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Maryland on June 11.

Zane, whose real name is Kristina Laferne Roberts, listed her total assets at more than $1.4 million, including her $950,000 “primary residence” in Upper Marlboro and a $530,000 “investment property” in Bowie, according to court records. She claimed total liabilities of more than $3.4 million, including $337,151.85 in back Maryland taxes and more than $1.4 million to creditors. She listed the amount that she owes the IRS as “unknown.”

According to court records filed by the federal government, Roberts owes the IRS more than $540,000. In 2010, the Treasury Department placed a tax lien on her Upper Marlboro home, which Roberts bought for more than $1 million in 2004.

In January, Maryland Comptroller Peter Franchot named Zane Maryland’s top individual “tax cheat.” The state has been trying to collect back taxes from Zane since 2003. Maryland’s “Caught in the Web” site listed 25 individuals and 25 businesses who owed the state more than $6.1 million in taxes. State officials said publishing Zane’s name at the top of that list was one of the last steps they took in a long process to collect back taxes.

Hate her or love her, Zane has definitely changed the game when it comes to Black folks and erotica – both in books and on the screen. She is beloved by many and has a very popular Facebook page with over a million followers and she often answers questions and provides advice. Hopefully, Zane will be able to recover from this and continue to move forward, but let this be a lesson that the IRS and the state will always come for their money.

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  • ALM

    If the movie does well this weekend, then she should be fine. Once she breaks even, she is going to have to learn to live below her means.

    At seven figures she should be living very comfortably.

  • Anthony

    @ALM, I’m not to talk, but it sounds like she might have been trying to live like those characters on her cable show.

    Seriously, on thing the recession has taught me is how to be content without buying everything I think I want.