Ne-Yo Sues Ex-Manager Who Allegedly Cheated Him Out of Over $4 Million
By Philip Cosores
Ne-Yo appears to be out some $4.5 million after his manager, he claims, ripped him off.
The New York Daily News reports that the singer, real name Shaffer Smith, let a business relationship that began in 2005 become a personal relationship with Kevin Foster, and ultimately turned out to be misplaced trust, with the singer reportedly swindled out of a couple million dollars.
As a result, Ne-Yo is suing, with papers filed in Manhattan Federal Court.
The paper says a third party hired by the singer “uncovered instances of Foster engaging in self-dealing and inappropriate conduct, including forging his signature on loan documents.
Foster also reportedly sank Ne-Yo’s money into a failing water company for which Foster was the CFO.
Read More Music News On Fresh1027.com:
- We Can Survive Recap: Taylor Swift, Pharrell, Ariana Grande Dazzle the Hollywood Bowl
- Danny DeVito Steals the Show in One Direction’s ‘Steal My Girl’ Video: Watch
- Ariana Grande, Maroon 5, Pharrell & Tim McGraw to Perform on ‘A Very GRAMMY Christmas’
- Impact: Taylor Swift Reveals Her Pop Side on New Album ‘1989’