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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