The Raynes suit says Davis used money from her trust to fund such "phony" takeover attempts.

FORBES: Honey, I Shrunk The Trust

Raynes names her mother, Barbara, two brothers and two sisters as coconspirators.

FORBES: Honey, I Shrunk The Trust

If Marvin borrowed millions from Raynes' trust without returning the cash, as Raynes contends, Barbara could face a whopper of a tax bill.

FORBES: Honey, I Shrunk The Trust

Raynes' suit claims her father used her trust like a piggy bank, illegally borrowing millions to use as venture capital and shifting investment losses to the trust.

FORBES: Honey, I Shrunk The Trust

Raynes is a Hamptons socialite, best known for attending charity balls, competing in Long Island horse shows and spending time with friends Ricky and Kathy Hilton (Paris' parents).

FORBES: Honey, I Shrunk The Trust

Raynes' side believes an accounting might reveal more assets.

FORBES: Honey, I Shrunk The Trust

Last month Raynes, 53, filed a blistering, 169-page lawsuit alleging her father looted her trust and forged her name on trust documents to maintain control of the money after she turned 21.

FORBES: Honey, I Shrunk The Trust