Young Money — Lil Wayne and Migos’ touring company — as well all three members of Migos, are being hit with a $500K lawsuit.
Investor Ramin Natan is reportedly suing the parties, claiming he loaned over $500,000 to a third-party, Eric Stenger and Echelon Music Group, to promote shows for both acts in 2017. However, the problem is the shows never happened. Natan’s lawsuit alleges Wayne and Migos all profited from the $500,000 loans but never offered to return any of the money.
Natan accuses them of breaking their contracts and says they are “ponzi scam artists” and created shell companies for the sole purpose of collecting the funds.
Natan is suing for $500,000 plus more in damages.
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