Ne-Yo's Ex-Business Sent To Prison For Stealing Millions From His Clients

A shady manager will have a long time to think about his crimes.

(AllHipHop News) A former business manager for R&B singers Ne-Yo and Brian Mcknight has been sentenced to serve more than seven years behind bars for defrauding the stars.

Kevin Foster was convicted on 16 criminal counts, including wire fraud, money laundering, bankruptcy fraud, and tax evasion in Ohio last summer, after the New Jersey native convinced Ne-Yo to pour $2 million into launching a new sports drink called OXYwater, without revealing that he was personally involved in the brand.

He then also used another $1.5 million of the hitmaker's money to support his venture, without the musician's knowledge.

In addition, Foster was accused of earning McKnight's trust and withdrew money from his account without permission, too, using the funds to enjoy a lavish lifestyle, including hiring a personal chauffeur, and buying designer suits and jewelry, season tickets to his favorite New York sports teams, and even tickets to the Super Bowl.

He returned to court on Friday, when he was ordered to serve 89 months in prison and pay over $7.9 million in restitution to his victims.

The payment is good news for Ne-Yo, who filed a civil suit against Foster in 2014, accusing him of withdrawing $4.5 million from his bank account without authorization between 2011 and 2013.

He only discovered he had lost millions when he hired new advisers to oversee his finances after Citibank officials claimed he had failed to make payments on a loan the singer insisted he never signed off on.

Ne-Yo's case was dismissed by a judge in 2016, due to a lack of supporting evidence.

Comments