Ne-Yo's ex-manager Kevin Foster has been sentenced to more than seven years in prison for swindling the singer in a sports beverage scheme.
Prosecutors say the Montclair, New Jersey, resident convinced Ne-Yo, (Shaffer Smith) to invest $2 million in a company called Oxy water in which he had large shares in, and then spent an extra $1.5 million money without the singer's knowledge.
Foster also defrauded another one of his clients, singer and R&B legend Brian McKnight by withdrawing money from his account without permission. After about three years of investigation, Foster is now found guilty for a lot of criminal activities, which includes wire fraud, money laundering, and tax evasion.
Federal prosecutors also found evidence that Kevin spent a large portion of the stolen money to fuel his extravagant lifestyle such as jewelry, expensive cars such as Rolls Royce, Bentley, Mercedes, etc., expensive clothes, a personal driver, tickets to the super bowl and so on.
Foster also forged Ne-yo's signature to open an account with $1.4 million. According to "The Blast," Ne-Yo and McKnight received some excellent news recently. Apart from the prison sentence, Kevin has also been ordered by a Judge to pay back the vast amount of money that he stole from the two singers.
He had been directed to pay Ne-Yo a total of $6,456,250 and also to pay McKnight a total of $151,675 while paying the IRS a considerable sum of $1.4 million which he owes them.
It wasn't revealed how Foster was caught stealing from McKnight, but thankfully the R&B singer will also be getting a refund of his hard earned money. Earlier this month, the New Jersey man was sentenced in Ohio to 89 months in prison. He certainly wouldn't expect to get caught so soon, but just like the old school saying goes, what goes around comes around.