Ne-Yo Sues Ex-Manager Who Allegedly Cheated Him Out of Over $4 Million
By Philip Cosores
Ne-Yo appears to be out some $4.5 million after his manager, he claims, ripped him off.
The New York Daily News reports that the singer, real name Shaffer Smith, let a business relationship that began in 2005 become a personal relationship with Kevin Foster, and ultimately turned out to be misplaced trust, with the singer reportedly swindled out of a couple million dollars.
As a result, Ne-Yo is suing, with papers filed in Manhattan Federal Court.
The paper says a third party hired by the singer “uncovered instances of Foster engaging in self-dealing and inappropriate conduct, including forging his signature on loan documents.
Foster also reportedly sank Ne-Yo’s money into a failing water company for which Foster was the CFO.