Report: John Mayer Hit With Lawsuit Over Ponzi Scheme

Trustees claim he received stolen funds from booking agency

September 10, 2012 4:35 PM ET
john mayer
John Mayer
Kevin Winter/Getty Images

John Mayer has been reportedly hit with a lawsuit over his connection to a $100 million Ponzi scheme, according to TMZ. The Seattle-based scheme was unraveled earlier this year when its mastermind, Darren Berg, was slapped with an 18-year prison sentence for stealing more than $100 million from investors through his company. As trustees reviewed documents and filed lawsuits to track down the lost cash, they discovered legal papers that showed Berg had used the funds to pay a booking agency, Grabow and Associates – who, in turn, allegedly paid John Mayer for a performance.

The documents obtained by TMZ say the booking agency and Mayer may have up to $465,000 in stolen funds from the Ponzi scheme. The connection, if any, between Grabow and Associates and Berg's investment company is currently unknown, and a judge has yet to rule on the case. A lawyer for Mayer says the singer was paid in 2008 for performing at a corporate event and that the gig was presented to the singer-songwriter through his talent agency, CAA.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Music Main Next

blog comments powered by Disqus
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.


We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“American Girl”

Tom Petty and the Heartbreakers | 1976

It turns out that a single with "American" in its title--recorded on the Fourth of July during the nation's Bicentennial, no less--can actually sell better in Britain. Coupled with the Heartbreakers' flair for Byrds jangle and Animals hooks, though, is Tom Petty's native-Florida drawl that keeps this classic grounded at home. Petty dispelled rumors that the song was about a suicidal student, explaining that the inspiration came from when he was 25 and used to salute the highway traffic outside his apartment window. "It sounded like the ocean to me," he recalled. "That was my ocean. My Malibu. Where I heard the waves crash, but it was just the cars going by."

More Song Stories entries »