Business Manager Convicted For Defrauding Ne-Yo & Brian McKnight
by Staff Editor
A federal jury in Ohio recently convicted business manager, Kevin Foster for defrauding singers Ne-Yo and Brian McKnight in a “sports beverage scheme,” according to Billboard.
It was reporter that the panel in found 42-year-old New Jersey native guilty for wire fraud, money laundering, bankruptcy fraud, tax evasion and filing false tax returns just last week.
Prosecutors say Foster talked Ne-Yo into investing $2 million into OXYWater under false representations. Prosecutors also say that Foster invested another $1.5 million of the signer’s money without his consent and took out lines of credit by forging his name.
Billboard reported that Foster even defrauded McKnight to fund the operation and his lavish lifestyle of luxury cars, designer watches and season tickets to the New York Knicks and Giants. Two others were previously convicted in the scheme as well.