Ne-Yo and Brian McKnight were scored a sweet victory recently when a federal jury convicted Kevin Foster, a business manager the R&B crooners shared, of defrauding them in multiple investment schemes that resulted in the singers losing millions of dollars each.
Facing 16 charges including wire fraud, money laundering, bankruptcy fraud and tax evasion, Foster reportedly lured Ne-Yo to invest $2 million into OXYWater under false pretenses. According to documents Foster took an additional $1.5 million of Ne-Yo’s money to invest without his consent and took out lines of credit by forging the Grammy winner’s name.
Authorities indicate Foster pulled a similar scheme with singer Brian McKnight but used different companies. The business manager has not been sentenced as of time reported. [source]