Ne-Yo’s former business manager has been accused of defrauding the singer by convincing him to invest $2 million in a sports drink called OXYwater.
Billboard magazine reports that a New Jersey man by the name of Kevin Foster is facing 16 charges, including wire fraud, money laundering, bankruptcy fraud, and tax evasion for a multimillion-dollar scam that saw him defrauding both Ne-Yo and Brian McKnight. Both of the singers were convinced to invest in the company as part of Foster’s allegedly elaborate scheme, in which prosecutors say he failed to disclose the full details of to investors.
The 42-year-old Foster served as a controller for the business, but he never told McKnight or Ne-Yo as such, with him earning commission on all investments he managed to get for the company.
As Billboard points out, prosecutors say Foster managed to convince McKnight to invest to keep the business solvent.
Neither artist has commented on the news yet, but it’s pretty likely they’ll both be seeking legal action against Foster.
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