Ray J Sued For $30 Million Over Scooter Business
Ray J has been hit with a $30 million lawsuit over a business deal gone wrong.
According to TMZ, a man named Jean Paul is suing Ray J for $30 million. Paul claims that in 2015, he and Ray discussed launching a brand of electric scooters bikes.
Paul claims Ray J “arguably maintains a certain level of celebrity”, which would successfully help market the scooter. In addition, Ray reportedly agreed to become both an investor and an endorser.
Unfortunately, Ray J failed to stick to their plan. In legal documents, Paul says Ray J secretly launched his own scooter company – putting him in direct competition with the “One Wish” singer. Ultimately, this lead to Paul suing Ray J for $30 million.
Back in November, Ray inked a $31 deal to launch his electronic transportation brand, Raycon. Raycon is well known for the Scoot-E-Bike, which is a foldable, eco-friendly bike on two wheels.
On the brand’s official website, Raycon is described as a “premier global brand for innovative, high-demand electronics designed by celebrities.”
Ray J has yet to comment on the matter.