Business

Business Manager Guilty of Defrauding Ne-Yo, Brian McKnight

Ne-Yo
Brian Friedman/NBC/NBCU Photo Bank via Getty Images

Ne-Yo attends the 2018 billboard Music Awards on May 20, 2018 in Las Vegas.

A federal jury has convicted a business manager of defrauding R&B artists Ne-Yo and Brian McKnight in a sports beverage scheme.

The panel in Ohio found 42-year-old Kevin Foster of Montclair, New Jersey, guilty of wire fraud, money laundering, bankruptcy fraud, tax evasion and filing false tax returns last week.    

Prosecutors say Foster induced Ne-Yo, whose real name is Shaffer Smith, to invest $2 million into OXYWater under false representations. They say Foster invested an additional $1.5 million of Smith's money without his consent and took out lines of credit by forging Smith's name.   

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Two others were previously convicted in the scheme.