Ray J Sued for $30 Million Over Scooter Bike Business

Ray J is getting sued for $30 million over a scooter enterprise deal gone dangerous.

TMZ reviews that the singer/actuality star was supposed to enter partnership with a person named Jean Paul again in 2015. The plan was to market electrical scooter bikes. However issues have not gone as deliberate.

On this go well with, Paul says Ray J “arguably maintains a sure degree of superstar” and his reputation was supposed to assist market the scooter. He was additionally purported to be an investor within the firm.

Nevertheless, now Paul claims that Ray J launched his personal scooter firm—which put the star in direct competitors with him, resulting in Paul’s $30 million lawsuit.

Again in November, Ray J secured a $31 million wholesale deal to launch his electrical transportation firm, Raycon. The deal was finalized within the type of fairness and money with Cowboy Wholesale, a number one distributor of shopper electronics based mostly in New York Metropolis. Ray J’s Raycon was shaped in 2015 and is legendary for the Scoot-E-Bike, a foldable, eco-friendly bike on two wheels.

As of now, nobody from Ray J’s camp has responded to the lawsuit or the allegations.

 

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