In papers filed in Manhattan Federal Court, Shaffer Smith – aka Ne-Yo – says his “manager, confidant, trusted adviser and friend” Kevin Foster swindled him out of $4.5 million.
The “Sexy Love” singer says he was first introduced to Foster back in 2005, and Foster convinced him to let the accounting company he was then working for “handle all of Smith’s business management and accounting needs.”
Foster’s job was to manage the star’s bank accounts, “ensure Smith was financially situated as to maintain his accustomed lifestyle for the remainder of his life, protect Smith from financial ruin, and mitigate risk of frivolous spending.”
The suit seeks the return of the $4.5 million – plus the $3.5 million in fees Ne-Yo paid Foster over the years.
Neyo and Kingsmen