Lil Wayne & Migos Accused Of Scamming Touring Companies With Phony Concerts
It seems like Lil Wayne, Young Money and Migos may be at the forefront of a new lawsuit, alleging that they created fraud companies to book fake concerts.
Additionally, an investor, Ramin Natan, claims that the aforementioned parties organized separate ponzi schemes of sorts and , accepted monies for shows they’d never planned to put on.
In addition, Natan states he loaned over $500,000 to a third-party, Eric Stenger and Echeleon Music Group; money that “intended” to promote Migos and Wayne shows in 2017.
Furthermore, the lawsuit reportedly shows Wayne and Migos received $500,000 loans and never repaid them after failing to perform.
While Natan believes the artists and teams created shell companies to collect payment, he’s now requesting his $500,000 back, in addition to damages.