Promoter Accused Of Scamming $25 Mil Using Fake Concerts

A promoter in Arizona has been indicted on federal charges that he bilked investors out of over $25 million dollars, by promoting phony concerts. Dezert Heat Entertainment is accused of acting like a promoter of concerts featuring artists like 50 Cent and G-Unit, Mariah Carey, Shakira, Faith Hill, Tim McGraw and others. According to the federal complaint, Miko Dion Wady scammed 140 investors out of the $25 million using a sophisticated Ponzi scheme. Investors claim that...(read more)

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22:26 on January 7 2010

Talk of the Town: Bullock, "Twilight" lead at People's Choice

The Newsroom — The day's top showbiz news and headlines including Sandra Bullock rides high at People's Choice, Mariah Carey explains rambling speech, and Directors Guild announces nomi... more info

Mariah Carey

22:34 on January 7 2010

Promoter Accused Of Scamming $25 Mil Using Fake Concerts

AllHipHop — A promoter in Arizona has been indicted on federal charges that he bilked investors out of over $25 million dollars, by promoting phony concerts. Dezert Heat Entertai... more info

50 Cent Mariah Carey Shakira Faith Hill Tim McGraw