John Mayer in $100 mn Ponzi scheme

John Mayer has been sued in a massive 100 million dollar Ponzi scheme.

Written by Agencies | Washington | Published:September 11, 2012 7:05 pm

American pop musician John Mayer has been sued in a massive 100 million dollar Ponzi scheme and could allegedly be holding as much as 465,000 dollars in fraudulent money.

According to TMZ.com,the dirty money was handed over to the star’s representatives by a Ponzi scheme ran by convicted swindler Frederick Darren Berg.

Berg was sentenced to 18 years in prison in February this year for defrauding investors of more than 100 million dollars through his investment company,the New York Post reports.

“John Mayer performed at a corporate event in 2008 and was paid for his services. The opportunity was brought to John through his talent agency,CAA,” Mayer’s lawyer told TMZ.

Duped investors are now allegedly trying to recover the lost money by tracing where the money went. It’s alleged that Grabow & Associates and their client,Mayer,received as much as 465,000 dollars from Berg’s company,the paper said.

Grabow & Associates,who specialize in booking entertainment for corporate and private events.,allegedly set up the singer with an appearance in 2008. It is not believed that Mayer was aware of the Ponzi scheme,it added.

A ruling is yet to be delivered on the case.

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