Tyrone Gilliams Net Worth – Release Date

Sheree Whitfield discusses her man, Tyrone L. Gilliams Jr. in episode 5 of The Real Housewives of Atlanta‘s tenth season.  Gilliams is currently in jail.  His release date is November 14, 2022.  Tyrone is in jail for running a Ponzi scheme.  In 2013, he was sentenced to 10 years in prison for swindling investors out of $5 million.

Tyrone Gilliams Net Worth: $300,000 Million

After playing basketball at Penn, Gilliams formed TLG aka TL Gilliams, LLC, a commodities trading firm.  He is in jail for wire fraud and operating a fraudulent investment program.  Like Phaedra Parks’ ex-husband, Apollo Nida, Gilliams is in federal prison for committing a serious white collar crime.

Tyrone Gilliams Sheree Whitfield
Tyrone Gilliams Sheree Whitfield

Tyrone and his lawyer, Everette Scott, were convicted in 2013.  Scott was sentenced to 2 and a half years in prison for his role in the scheme.

Gilliams solicited millions from investors and used it to host a black-tie event that he called “Joy to the World.” Tyrone booked Kim Kardashian and Sean “Diddy” Combs.  Kardashian cancelled and was replaced by Sheree.  Numerous professional athletes, politicians and entertainers showed up to the event.  At the gala, Diddy got on the mic and explained that Tyrone stole his girlfriend back in the day but they’re still friends.

Gilliams event was held at the Ritz-Carlton in Philadelphia in 2010.  When you’re committing a crime, why would you host a star-studded festival? Tyrone should have maintained a low-profile.  Instead he spent more than $1 million on his “Joy to the World” event in Philadelphia and then spent more money on another expensive event in the Bahamas.

Gilliams and Scott also used the money to buy cars, jewelry and they went on expensive vacations.  Sheree says that she initially didn’t know Tyrone went to jail because they stopped speaking when the investigation started.  He wanted to protect her and make sure she didn’t get dragged into his legal troubles.

What do you think about Sheree’s relationship with Tyrone Gilliams? Share your thoughts in the comment section below.


By Jason John

Jason John is based in Maryland and covers Empire BBK’s News and Entertainment. He was previously a producer for the mobile site, helping to present Empire BBK’s news report to readers. More