*Last year, the former manager for Brian McKnight and Ne-Yo was found guilty on 16 counts of defrauding both R&B singers out of millions of dollars.
On Friday, Kevin R. Foster was ordered to serve 89 months in prison and pay over $7.9 million in restitution to his victims.
The New Jersey native Foster reportedly convinced McKnight and Ne-Yo to invest millions in a water company but failed to notify them that he was the CEO and CFO of the company. Then he used the money to fund his lavish lifestyle.
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Via Sandra Rose:
Foster also withdrew another $1.5 million from Ne-Yo’s bank account without the musician’s knowledge to fund his lifestyle. And he opened up a line of credit in Ne-Yo’s name for $1.4 million by forging his signature.
In addition, Foster was accused of earning singer Brian McKnight’s trust and withdrawing money from his bank account without permission.
Ne-Yo 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.
Ne-Yo also sued Citibank, accusing the financial institution of allowing a bank employee to approve a loan for Foster without the singer’s signature.
The case was dismissed in 2016 due to a lack of supporting evidence.
In 2011, Foster sued two Atlanta bloggers for posting a letter from an ex-girlfriend who accused him of texting nude photos of her to his friends. A judge reportedly tossed the lawsuit for lack of jurisdiction.
