Thread: Promoter of Last R. Kelly Tour Sued for Scamming Investors; Kelly Was Also Swindled

The Following was Issued by Representatives of R. Kelly: Promoter of Last R. Kelly Tour Sued for Scamming Investors; Kelly Was Also Swindled, and Promises to Fight for Victims

CHICAGO, April 16 /PRNewswire/ -- Representatives of R&B superstar R.
Kelly announced today 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 11 by Milton Kenneth Peacock of Bowie,
Maryland, the suit describes a scheme in which unwary 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.

At least two other lawsuits have been filed against Rowe in the last
three months, alleging similar scams involving other Kelly concerts.

Along with Rowe, whose Atlanta-based company Rowe Entertainment
promoted the "Double Up" tour, this latest suit also named Kelly as a
defendant, even though as the complaint makes clear, he was not a party to
the fraudulent contracts -- and indeed knew nothing about them until the
victims of Rowe's scam began coming forward.

In fact, Kelly himself has been victimized by Rowe. In February, Kelly
initiated legal action against the promoter for failing to pay Kelly
several million dollars in tour proceeds he was owed. Rowe thereupon
dropped out of sight, leaving Kelly with a choice of canceling the last ten
days of the tour or playing the dates with no prospect of being paid. Not
wanting to disappoint his fans, Kelly decided to complete the tour-in
effect, performing for free.

"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."

Kelly's contract with Rowe expressly barred the promoter from selling
off shares in Kelly's shows. The victims of his scam never saw the real
contract, apparently accepting Rowe's assurances that he had the right to
sell them a percentage of the proceeds. In fact, he did not.


http://www.prnewswire.com/cgi-bin/st...04794529&EDATE=

(no racist) but this is why folks don't use black folks when it comes to money/business matters.....

You know I wish Bossip, TMZ, Perez, SOHH, AHH would talk about the below:

In fact, Kelly himself has been victimized by Rowe. In February, Kelly
initiated legal action against the promoter for failing to pay Kelly
several million dollars in tour proceeds he was owed. Rowe thereupon
dropped out of sight, leaving Kelly with a choice of canceling the last ten
days of the tour or playing the dates with no prospect of being paid. Not
wanting to disappoint his fans, Kelly decided to complete the tour-in
effect, performing for free.

......but you know they wont. How HUGE is it of R.Kelly to do the shows for free becuase of the fans?!

Big ups to R......BIG UPS!

Being an entertainer is a dirty business. Rob doesn't like not being paid.

IMHO, one of many reasons(besides great music)that Rob is so successful is that Kells has had good lawyers. Many fans overlook this fact, they just listen to the music.

I posted months ago that Rowe was being dirty by subcontracting out some of those promotions and now Rob has filed suit to get paid too.

Where is luvinkellsintheD now? She was saying Rob needed to give back money that he never got in the first place. Nobody likes a 'I told you so, but I told her so."

Rob will get his money. He got his money out of Jay-Z when all the BOBW shit went down. Jay-Z had no choice but to pay him.

It's stupid from the part of the promoter...

Do a good tour with Kellz, he will come back and doing a bigger tour and after your reputation is done and you will get more and more money...

Mista I agree with you, Kellz loves his fans but he doesn't like to be paid

Originally Posted by Mista

Being an entertainer is a dirty business. Rob doesn't like not being paid.

IMHO, one of many reasons(besides great music)that Rob is so successful is that Kells has had good lawyers. Many fans overlook this fact, they just listen to the music.

I posted months ago that Rowe was being dirty by subcontracting out some of those promotions and now Rob has filed suit to get paid too.

Where is luvinkellsintheD now? She was saying Rob needed to give back money that he never got in the first place. Nobody likes a 'I told you so, but I told her so."

Rob will get his money. He got his money out of Jay-Z when all the BOBW shit went down. Jay-Z had no choice but to pay him.

maybe she was one of those who always wanted to see others blaming Rob for everything. Cause after you told her that...she left the board never to return...guess you was right...BTW this is also posted in allhiphops news section..and just cause its telling how Rob did those last shows for free and how he was wronged..only 1 person responded to it..but if it has of been something to blame him...it would have so many responses...lets see some of these rappers finish a tour for free...

That was nice of R.Kelly do it for free and I hope everybody gets there money back from the Promoter

kellz is always on top of things

Originally Posted by Chelle

maybe she was one of those who always wanted to see others blaming Rob for everything. Cause after you told her that...she left the board never to return...guess you was right...BTW this is also posted in allhiphops news section..and just cause its telling how Rob did those last shows for free and how he was wronged..only 1 person responded to it..but if it has of been something to blame him...it would have so many responses...lets see some of these rappers finish a tour for free...

Yeah it seems like people are only intested in bashing Kells. When there's shit to talk they're so quick to jump on the bandwagon, but when there's something goo to talk about they don't bother. It's such a damn shame. And like you said Chelle, this is why some don't like doing business with black people

Originally Posted by Fan

When there's shit to talk they're so quick to jump on the bandwagon, but when there's something goo to talk about they don't bother.

Exactly. It's always been like that. It happens the same with the news, it seems that everything that goes down is bad but the thing is that good news don't usually get the same attention on the media as bad news do. And that is what happens with Rob, too. It's a shame that people don't put the same energy on recognizing his good actions than on bashing him.

But here we know better. Mad props to Rob for performing for his fans and not for money that last leg of the tour.

Good find, kellzfan. Thanks for sharing.