EXCLUSIVE: Lil Wayne & Migos Accused of Creating Fraud Companies To Book Fake Concerts, Hit w/ Half Mill Lawsuit
theJasmineBRAND exclusively reports, an investor claims Lil Wayne and Migos were a part of a scheme to take money for shows the never planned to perform.
A man named Ramin Natan is suing Young Money, Lil Wayne, Migos’ touring company and all the members of Migos including Quavo, Takeoff and Offset.
He says he loaned over $500,000 to a third-party man named Eric Stenger and Echelon Music Group.
The money was supposed to be use to promote hip-hop shows for Migos and Wayne in 2017.
Natan claims the man and his company turned out to not be concert promoters and called them
“ponzi scam artists.”
The lawsuit claims Lil Wayne and Migos were all paid money from the $500,000 loans and never returned it even though they never performed. Natan is claiming that the rappers and their teams formed shell companies that collected the money they were paid for shows.
Natan wants his $500,000 back plus more in damages.