logo
Getty images
Getty images

Ne-Yo, Brian McKnight's Ex-Manager Gets Jail Term for Fleecing the Singers

Oyin Balogun
May 28, 2019
01:11 A.M.

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement
info
Please fill in your e-mail so we can share with you our top stories!
By subscribing, you agree to our Privacy Policy
Advertisement
Related posts

Mom of 6 Who Gave Parenting Advice to Millions Is Sentenced to Prison for Child Abuse

February 23, 2024

5 Stories of Spoiled Children Who Learned a Lesson

January 31, 2024

30+ Workers Share Bizarre and Fascinating Insights from Serving the Wealthy

February 02, 2024

This Boy Dreamt of Buying His Mom a Home after Living in Subsidized Housing with Mice & Became a Millionaire Star

November 29, 2023

Celeste Ackelson Became Brian Baumgartner’s Wife in 2014 with ‘The Office’ Stars Present at Their Wedding

December 23, 2023

'OMG': Fans Are Taken Aback by Rumors of Kevin Costner & Reese Witherspoon Dating – Her Rep Responds

November 10, 2023

Marlynn Myers Was John Wayne Gacy's Wife: Inside Their Marriage

December 06, 2023

Single Mom Expected to Pay $150 Towards Bill Though Her Share Only Amounted to $25

January 28, 2024

Why Is Lisa Marie Presley’s Daughter Asked to Pay a Big Debt After Her Famous Mom's Death?

February 01, 2024

Kevin Costner, 69, Spends Valentine's Day Doing Dishes with Newest Addition to His Family

February 15, 2024

Gypsy Rose Blanchard Is Out of Prison & Seen for the 1st Time While Shopping with Husband

December 29, 2023

Man Gets Fired after Co-worker Accuses Him of $5K Theft — Years Later, Their Paths Cross at Interview

February 07, 2024

Children Refuse to Support Old Dad, Learn He Died Trying to Earn at Least a Penny – Story of the Day

February 16, 2024

TikToker Reesa Teesa Blows up the Internet with a 50-Part Video Series about Her Husband’s Crazy Lies

February 26, 2024