John Mayer Ponzi Scheme Embarrassment As Musician Sued?
That dastardly cad John Mayer is in trouble again, with TMZ reporting that the singer and notorious womaniser is being sued in a lawsuit over a $100 million Ponzi scheme. It's certainly darn sight more confusing than Mayer's usual headlines, which normally see him boasting of his sexual prowess and or being cussed at by one of his many ex-girlfriends, so here's some background information:
In case you weren't aware, a Ponzi scheme is a fraud investment operation whereby investors into the scheme are paid returns from the money them themselves put in, or another investor did, as opposed to receiving it from the profits made by the organization in question. One such organisation set up in Seattle was brought down earlier this year with then leader, Darren Berg, was sentenced to 18 years in prison after managing to get over $100 million from various investors. Everyone who profited from the scheme are now being hunted down and roundly sued, with Mayer reportedly one of those with his hands on some of the filthy, filthy cash.
Mayer could have as much as $465,000 of the cash after his booking agents Grabow & Associates were allegedly paid by Berg's company. The connection between the two parties hasn't yet been explained, but Mayer's lawyers claim "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," they added in an attempt to clear up the source of the payment.