Ne-Yo Suing Ex-Manager
Fri, 01 Aug 2014 10:17:10
R&B star Ne-Yo suing his former accountant Kevin Foster, saying that he was bilked out of $4.5 million.
Ne-Yo hired Foster in 2005 but now has a new firm looking after his finances, and they found questionable transactions, which Foster made.
According to legal papers, Foster is accused of making unauthorized transfers. It is also said that he allegedly committed fraud, doing so by forging Ne-Yo's name on loan papers, which allowed him to invest money in a financially-strapped water company of which he was president. That's a big no-no.
Ne-Yo wants the $4.5 million to be repaid, along with another $3.5 million from fees he paid Foster.
Yikes! What do you think of this case?