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Forbes magazine is walking back their report that socialite and reality personality Kylie Jenner is a self-made billionaire.

Forbes claims they were hoodwinked and bamboozled by the makeup entrepreneur and Instagram model who "spun a web of lies" and "inflated" her net worth.

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In an earlier report, Forbes claimed Jenner was a "self-made" makeup mogul who somehow managed to take her company Kylie Cosmetics to the top of the cosmetics industry with just a high school diploma and not much business experience.

Social media users and bloggers scoffed at Forbes' claim that the 22-year-old was worth over a billion dollars. But Forbes stood by its reporting.

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Now the publisher claims Jenner and her mother, Kris Jenner "went to great lengths to convince people of their wealth."

Many believe Jenner is worth a few million, if that.

Forbes reports the family invited them into their mansions and CPA's offices, and even "created tax returns that were likely forged."

No word on whether the IRS is investigating those claims.

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NC Senator Richard Burr has agreed to step down as chairman of the Senate Intelligence Committee after he allegedly sold stocks to avoid huge financial losses amid the coronavirus outbreak.

Burr faces allegations of insider trading, which is punishable by prison time and stiff fines.

Burr, a member of the Republican Party, is the first to step down after a handful of GOP and Democrat lawmakers were accused of selling stocks during the early stages of the coronavirus pandemic in March.

The list of senators under investigation include Georgia Senator Kelly Loeffler (GOP), Calif. Sen. Dianne Feinstein (Democrat), and Oklahoma Senator Jim Inhofe (GOP).

The news comes after Burr was served with a warrant to search his cellphone on Wednesday after previously being served with a warrant to access his iCloud account.

Burr and his wife are accused of selling $1.7 million worth of stocks to avoid huge losses before the country was ordered to shut down.

Burr's brother was also accused of selling stocks on the same day.

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DeRay McKesson, one of the most vocal activists in the Black Lives Matter movement, called out transracial activist Shaun King (left) for fraudulent fundraising.

McKesson slammed King's recently released fundraising report, in which King attempted to explain where millions of BLM fundraising dollars went.

King, a Caucasian man who claims to be Black, released the report after months of accusations that he spent the cash on lavish vacations and living expenses.

McKesson discredited the report, claiming it was not independent.

In an op-ed for Medium.com titled "On Shaun King," McKesson said King's lack of integrity within the activism community was "so glaring that to be silent is to be complicit."

He specifically focused on King's "fundraising efforts" that usually ends with the money vanishing down a black hole.

"Shaun has followed a uniform pattern over the years, a pattern that has compelled me to speak up, again," he wrote.

"It is important to note that Shaun's journalism has done some good by bringing attention to stories that may have gone under-reported or overlooked. But the person who paints your house before he steals your car has still committed theft."

He continued:

"I tried previously to engage offline to resolve these tensions, but his behaviors did not change. There is a formula that he employs when people ask questions or highlight contradictions: issue an unconditional denial, attack the character of the person asking questions, argue that white supremacists are attacking him or his family, respond only to the least salient of all points raised, then issue a statement akin to an apology."

McKesson notes that King often "bullies and intimidates" Black women - his most vocal critics - to scare them into silence.

McKesson suggests that many of King's Black supporters decline to question the facts because they can't admit they've been duped by a con artist.

"I have seen many people, against their better judgment, defend Shaun. I know because I was once one of those people. We are all apt to defend own decision-making, especially about people. But the love for our people must be greater than the love of any one person. Shaun has continued to thrive because many people cannot believe that they have been duped, used, or taken advantage of."

Oprah

Media Maven Oprah Winfrey wants you to know that there's an impostor on social media pretending to be her. Oprah created a PSA to inform her millions of IG followers that someone is impersonating her and asking for money to sign up for OWN accounts on Instagram.com.

"Hi everybody. I just want to know that somebody out there is trying to scam you using my name," she says.

"It's a fraud, it's a fraud, it's a FRAAAUD!" she sings in perfect key.

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Rachel Doran and Chris Mahone

A British man who thought his fiancée was doing him a favor by organizing his stag party in Ibiza was left stranded at the airport with 29 of his pals after the bride-to-be forged their boarding passes.

Chris Mahone, 27, and his friends arrived at the Leeds Airport in England ready to board a 6:45 a.m. flight to Ibiza for what was to be a four-day stag party weekend.

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Karen KK King

The newest member of Love & Hip Hop: Atlanta was busted last night during a dramatic takedown at Club Level V in Atlanta.

According to the AJC.com, Karen "KK" King's charges include Financial Identity Fraud, Theft By Taking, and Forgery in the First Degree.

Sound familiar?

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