R Kelly Sues Promoter
April 17, 2008 at 5:41 AM (PT)
Representatives of R. KELLY announced that yet another lawsuit has been filed against promoter LEONARD ROWE, charging him with bilking investors out of hundreds of thousands of dollars by selling them non-existent shares in R. KELLY's recently completed "Double Up" tour.
Filed in ATLANTA on APRIL 11th by MILTON KENNETH PEACOCK of BOWIE, MARYLAND, the suit describes a scheme in which investors were promised half the profits from three KELLY concerts in late DECEMBER and early JANUARY in return for a cash investment of $440,000. 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.
"I agreed to let LEONARD ROWE promote my tour because he convinced me he was an underdog who deserved a chance to prove himself," KELLY said this week. "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."