Sunny

Winnipeg, MB

3°c Sunny

Full Forecast

Celebrities

Winnipeg Free Press - ONLINE EDITION

Ne-Yo sues accountant for $8 million

Posted: 07/31/2014 2:15 PM | Comments: 0

Advertisement

  • Print

Ne-Yo is suing his former accountant for $8 million.

The 'Closer' hitmaker, real name Shaffer Smith, has filed a new lawsuit against his one-time "manager, confidant, trusted adviser and friend" Kevin Foster in Manhattan's Federal Court in New York City, claiming he swindled him out of $4.5 million.

In court documents, obtained by the New York Daily News, the 31-year-old star says he agreed to let the accounting company Foster was working for handle all of his "business management and accounting needs," ensuring he "was financially situated as to maintain his accustomed lifestyle for the remainder of his life," after they were first introduced in 2005.

Foster subsequently left the firm to start his own company and Ne-Yo accompanied him, as they had "developed a personal relationship, with Smith eventually placing complete trust in Foster's handling Smith and his companies' finances and affairs."

But the 'Sexy Love' singer claims he later discovered that Foster had moved some of his money without his permission and when he hired another accountancy firm, they "uncovered instances of Foster engaging in self-dealing and inappropriate conduct," which allegedly included forging Ne-Yo's name on loan documents and investing the star's money into a struggling water company, without telling him that he was the president and CFO of the venture.

The Grammy Award-winning singer is seeking the return of the $4.5 million, in addition to the $3.5 million fees he paid Foster since 2005.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.