Legendary Music Producer Swizz Beatz Accused of Allegedly Receiving $7 Million of Stolen Funds
In a lawsuit that was filed on October 2, court records accuse Swizz Beatz of allegedly receiving large sums of money from someone who is being dubbed as a “Notorious International Fugitive”. Published reports state that between September 2012 and September 2014, Swizz Beatz (born Kasseem Doaud Dean) was befriended by someone that goes by the name of Jho Low and/or his associate Eric Tan. The lawsuit records detail how Mr. Low became a well-known figure with celebrities who were popular on the Hollywood business scene.
The known Hollywood insider got his reputation from hosting star-studded events. In exchange for what was believed to be a legitimate business venture, both Low and Tan got Swizz to unknowingly participate in a money scheme that led to the fraudulent transfer of $7 million resulting in a number of people feeling robbed and misled. Liquidators filed a hefty lawsuit to recover stolen funds. The filers are also asking Swizz Beatz to pay for all court and attorney fees.
Swizz Beatz Legal Troubles
According to Eurweb, the breakdown of funds goes as follows, Alsen Chance supposedly sent to Swizz Beatz includes “$1.5 million to Swizz Beatz Productions Inc. in September 2012. Payments of $1 million and $800,000 were sent in October 2012… Affinity sent $800,000 to Swizz Beatz’s Monza Studios in November 2013 and $1 million in December 2013. Swizz Beatz received $500,000 in June 2014, $300,000 in July 2014, and $1.4 million in September 2014.”
Former member of the rap trio Fugees, Pras Micheal, has already been convicted for his role in the scandal in April of 2023.
It is unclear if Swizz knew he was receiving stolen money. Swizz has not made any public statements regarding these solicitous claims. We will continue to monitor the story to see where things may go from here.
