Ne-Yo is going to recoup millions of the dollars he lost at the hands of his ex-manager. A judge has ordered Kevin Foster, the former business manager of Ne-Yo and Brian McKnight, to pay restitution to the singers after defrauding the celebrities.
According to The Blast, Ne-Yo has been awarded $6,456,250. McKnight will receive $151,675. Foster will also have to pay $1.4 million to the IRS.
Officials in the U.S. District Court for the Southern District of Ohio say Foster convinced Ne-Yo to invest $2 million in a sports drink called OXYwater under “false pretenses.” Foster invested an additional $1.5 million without Ne-Yo’s knowledge and forged the Motown artist’s signature to establish $1.4 million in lines of credit.
Foster was convicted on multiple charges, including money laundering, wire fraud, bankruptcy fraud, tax evasion and filing false tax returns. Earlier this month, an Ohio judge sentenced him to over seven years in prison.
AD LOADING...
[apple_news_ad type=”any”]
