Pop Rap R&B Rock Country Latin Underground Reggae Electronic Elements Community
R. Kelly Vows To Help Investors Reclaim Lost Money
Source: World Entertainment News Network
Posted on: April 17, 2008 10:28 MST
Filed under: R&B

R. Kelly

R&B star R. Kelly has vowed to help investors reclaim money from the promoters of a number of dates on his 2007 Double Up tour of the U.S.

A lawsuit was filed against concert promoter Leonard Rowe after it emerged he sold non-existent shares in three of the 38 dates of the tour, which ended in January.

The lawsuit claims Rowe and his Atlanta-based company Rowe Entertainment promised investors half of the profits from performances, in return for a cash investment of $440,000.

Rowe then told investors the shows lost money, and as a result no funds were paid out to them - even though the shows were allegedly profitable.

The statement from Kelly - who denies any knowledge of Rowe’s wrongdoing reads, "I agreed to let Leonard Rowe promote my tour because he convinced me he was an underdog who deserved a chance to prove himself. Like the saying goes, no good deed goes unpunished.

"I have complete sympathy for all of the good people who were swindled by Rowe and I will do everything I can to help them get their money back from him."

See Also:

Post to del.icio.usdel.icio.us Post to redditreddit Stumble It!Stumble It! Post to BlinklistBlinklist

Combs Turns Screenwriter

Jackson Stuns Designer By Showing Up At His Birthday Party

Ray J Speaks in Tongues

Singer Houston Breaks Silence About Eye Gouging Incident

Chicago Reporter May Testify In R. Kelly Trial, Witnesses Identify Victim

Rihanna To Star In Drama Film

Janet Jackson back on tour

Justin Timberlake Ready to Propose to Jessica Biel


Home | Contact Us | Community | Privacy Policy | Terms of Service
Copyright 1995-2019 HipHop-Elements.com. All rights reserved.