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.
Details below:
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]