Fake 50 Cent, Mariah Carey HipHop Concert Promoter Scams Investors For 25Mil (Mugshot, Photos)
Posted by: Q-Wreck on Jan, 11 2010 (Hip-Hop News)
It seems that Miko Wady, a fake promoter in Arizona, has pushed a Ponzi scheme or should we say half fake promoter since the person was somewhat of a promoter — and possibly a good one — this man promoted his scam consisting of phony concerts to real investors and managed to scam $25 Million out of them! Who did he claim he was promoting — 50 Cent, G-Unit, Mariah Carey, Jamie Foxx, Mary J. Blige, amongst others.
Miko Dion Wady of Chandler, Ariz., under the name Dezert Heat Entertainment allegedly told investors they would get a substantial return of their investment from ticket revenues, and according to All Hip Hop, scammed $25 Million dollars out of the investors for concerts supposedly going to feature the likes of artists such as 50 Cent and G-Unit, Mariah Carey, Shakira, Faith Hill, and Tim McGraw.
A report released by the FBI lists a number of other artists including Jamie Foxx, Mary J. Blige, The Rolling Stones, U2, Barbara Streisand, George Strait, Billy Joel, Jimmy Buffet, and Pearl Jam.
Wady’s Dezert Heat Entertainment aka Dezert Heat Worldwide was a joint venture with James Cundiff and his two sons, Adam and Jeremiah Cundiff who operated TransCapital, LLC which was a company allegedly established solely to secure “investment” financing for the phony concerts and tours promoted by Wady.
Following his tracks at every step, Wady added fake receipts, phony contracts and checks used to book the artists aforementioned for the so-called concerts. FBI officials say Wady instead of using the estimated $50 Million dollars in total investments from concert promotions, instead purchased a fleet of luxury cars, a boat, jet skis, jewelry, and multiple homes with at least $3 million of the investor’s money, while promoting “fewer” than 10 concerts between 2004 and 2009.
We have learned that Wady has been under long watch by the FBI for years and a report dating back to September 2007 is even listed on website RipOff Report, detailing the scheme of Wady even then.
Futhermore, the scheme consisted of other companies linked to Wady’s scam under investigation by the FBI including not just Dezert Heat Entertainment Inc. but Dezert Heat Inc.; Dezert Heat Worldwide LLC; NATO Enterprises LLC; and NATO Entertainment LLC.
Miko Dion Wady is said to be charged with transactional money laundering and wire fraud, among the charges of his fake concert promotion scam.
Among other things, we have learned that on top of the maximum penalty of 20 years in federal prison for wire fraud, a $250,000 fine or both and a maximum penalty of 10 years in prison, a $250,000 fine or both for Transactional Money Laundering, Wady was also a supposed deadbeat dad wanted for $10,000 in back child support by the Maricopa County Sheriff’s Office in Arizona.
Facebook Girl Of The Day – 1.10.10
Posted by: Q-Wreck on Jan, 10 2010 (Facebook Girl Of The Day)
Facebook G.O.D.
Name: Kristiann
Age: 22
Hometown: Queens, NY
UPDATE: Lil Wayne’s “Rebirth” Album Hits Stores February 2nd
Posted by: Q-Wreck on Jan, 10 2010 (Hip-Hop News)
After many rumors and reports that Lil Wayne’s upcoming “Rebirth” album was going to be pushed back to the summer,Weezy’s record label has now confirmed that the “rock” album will hit stores on February 2nd, just one week before Lil Wayne reports to serve his prison sentence.
Twitter Beef Believed To Be Motive Behind Shooting Death Of Harlem Man
Posted by: Q-Wreck on Jan, 10 2010 (Hip-Hop News)
NY Daily News: It started as a simple Twitter beef, 140-character spurts of anger by two young men who grew up together.
But the tough talk exploded out of cyberspace and onto the streets of Harlem, where a college student was gunned down feet from Gov. Paterson’s home.
Now tweets sent by victim Kwame Dancy, 22, and accused killer Jameg Blake, 22, could become key evidence in a murder trial, the Daily News has learned.
Jameg Blake Pictured Above
Dancy’s mother, Madeline Smith, is appalled Internet chest-thumping could have led to blood spilled on the sidewalk.
“That’s not a reason to shoot somebody,” she said last week. “That’s crazy. I don’t know what’s going on with that Twitter thing.”
Dancy, who was studying to be a nurse, was killed by a shotgun blast to the neck Dec. 1 across from Lenox Terrace in Harlem, where he grew up with his father.
Blake – who lived on the same floor as Dancy, one floor below Paterson in the luxury high-rise on W. 132nd St. – was arrested two days later.
Charged with murder, he pleaded not guilty Wednesday and was held without bail.
Kwame Dancy
Police sources said the two had a rocky relationship and the Twitter messages they posted – with friends jumping in – only made it worse.
Hours before the shooting, Dancy may have taunted Blake with a tweet: “N—–s is lookin for u don’t think I won’t give up ya address for a price betta chill asap!”
Blake’s Twitter account is also full of online disses, though only one tweet mentions Dancy by name: “R.I.P. Kwame” on Dec.3.
A police source said the messages may be subpoenaed to bolster the theory that there was bad blood between the two old pals.
But the Twitter beef wasn’t the only strain; Dancy and Blake fought last summer over a girl in front of Lenox Terrace, sources said.
Despite the insults and fisticuffs, when Blake was collared, Dancy’s mom was stunned.
“They were good friends, that’s the sad part about it,” said Smith, who is divorced from Dancy’s dad and lives in Brooklyn. “Obviously, I didn’t know him like I thought I did. I just want to ask him. ‘Why? How could you?’”
She said her son had taken off a semester from Manhattan Community College and was training with the Visiting Nurse Service of New York. He planned to return to school and get his degree.
He had tried to steer Blake – a high school dropout and father of a baby boy – to get his GED.
“They’ve been friends since they were kids. Kwame would often try to help when [Blake] was going through stuff – and this was his thank you?” Smith said.
Blake’s arrest was particularly shocking because he showed up at Harlem Hospital after Dancy was shot and hugged his father.
“Either he wanted to see if he actually killed [Kwame] or he wanted to see if anyone knew he did it,” Smith said.
Authorities have a witness who identified Blake as the gunman, and video shows Blake leaving Lenox Terrace around the time of the shooting with a bag large enough to hold a shotgun.
Records also show Blake used his phone around the time and place of the shooting. The murder weapon, a shotgun with a spent shell, was recovered with two shirts in Central Park.
Blake’s parents and lawyer Thomas Klein declined to comment.
Meanwhile, Dancy’s mom cries every night about her son.
“He said, ‘Mommy, I’m going to be a nurse,’” she said. “And look at this – we’ll never know how far he would have gone. His dream was snatched from him, over foolishness.”
Pawend On Camera – 1.10.10
Posted by: Q-Wreck on Jan, 10 2010 (Pawned On Camera)
I’m not suer if this was planned or not but it’s awesome either way! This chick is smokin hot too!
