R. Kelly is suing a concert promoter for selling non-existent shares in his recent tour. The R&B singer insists he didn't know the scam Rowe Entertainment has created.
The singer claims that Leonard Rowe from Rowe Entertainment started a scheme where "unwary investors were promised half of the profits from three Kelly concerts in late December and early January, in return for a cash investment of $440,000."
But the investors didn't get anything out of their investment as Rowe had falsely claimed the concert had lost money.
Kelly, 41, continues, "After the concerts, the investors were allegedly presented with what was described as a false accounting showing that the concerts had lost money, as a result of which there were no profits to be paid out."
He explains, "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."
The "Ignition" singer has also previously filed another lawsuit in February against the promoter for "failing to pay Kelly several million dollars in tour proceeds he was owed."
In a seemingly reversed situation, another concert promoter, Royalty Records, had sued R. Kelly in February for putting a court hearing before his concert commitments.
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