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Wannabee music promotor goes to prison for bilking money from investor
A wannabee music entrepreneur who bilked a New Jersey investor out of $330,000 by claiming he was promoting a series of Mariah Carey concerts in Dubai has been sentenced to 21 months in federal prison.
Antywan Ross also was sentenced Monday to pay more than $325,000 in restitution.
Ross, who now lives in Berkeley, Calif., headed The Atlanta-based RDA Group.
He claimed the Atlanta-based firm would use the money to promote the concerts. He told the investor that the money would be used for upfront expenses and that he’d be repaid with interest.
The shows never took place, the investor was never repaid and Ross admitted that he used most of the money for his own benefit. He ended up pleading guilty last year to wire fraud, among other charges.
So far, the investor’s name has not been disclosed. We'll keep digging for that name.
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