Los Angeles, CA – Investor Ramin Natan is reportedly suing Young Money, Lil Wayne, Migos’ touring firm and all three members of Migos.
According to the JasmineBRAND, Natan claims he loaned over $500,000 to a third-party, Eric Stenger and Echelon Music Group, to advertise reveals for each acts in 2017. But the issue is the reveals by no means occurred.
Natan’s lawsuit alleges Wayne and Migos all profited from the $500,000 loans however by no means provided to return any of the cash.
In a screenshot of the court docket paperwork, defendants listed embrace Quality Control Booking, Quavious Marshall (Quavo), Kiari Cephus (Offset), Kirshnik Ball (Takeoff), Dwayne Carter and Young Money Touring, Inc.
Natan accuses them of breaking their contracts. In reality, he insists Wayne and Stenger are “ponzi rip-off artists” and created shell corporations for the only real function of gathering the funds.
As a end result, Natan is suing for $500,000 plus extra in damages.