Talk about a way to watch the plot thicken in a business relationship gone awry. As previously reported by AfroTech, the ex-business partner of Akon claims that the singer still owes him four million dollars. In a new allegation, he now says that the Senegal native’s plans to build his own city could be a Ponzi scheme. AfroTech also shared the news of Akon’s plans to begin building a futuristic city in Africa. Per reports from Complex, Devyne Stephens has now asked a judge to freeze Akon’s New York assets in an effort to get his money more quickly. Those reports also reveal that the court documents say Akon is “flagrantly breaching two separate contractual promises.”
Mar 11, 2022
Akon and his former business partner are making headlines, but not for good reason. According to PageSix, the R&B singer is being accused of refusing to pay his end of a contract agreement with Devyne Stephens, the music executive who helped to launch his career and has worked with the likes of Destiny’s Child, Jay-Z, Pink, TLC, and Usher. He claims that he is owed $750,000 and nearly $3 million in royalties. The original 2018 agreement confirms that Akon agreed to pay Stephens $3.25 million over the span of four years. However, the updated suit alleges that he hasn’t paid the final $750,000 installment.
Jan 20, 2022