Ray J Sued for $30 Million Over Scooter Bike Business

Ray J is getting sued for $30 million over a scooter business deal gone bad.

TMZ reports that the singer/reality star was supposed to go into partnership with a man named Jean Paul back in 2015. The plan was to market electric scooter bikes. But things haven't gone as planned.

In this suit, Paul says Ray J "arguably maintains a certain level celebrity" and his popularity was supposed to help market the scooter. He was also supposed to be an investor in the company.

However, now Paul claims that Ray J launched his own scooter company—which put the star in direct competition with him, leading to Paul's $30 million lawsuit.

Back in November, Ray J secured a $31 million wholesale deal to launch his electric transportation company, Raycon. The deal was finalized in the form equity and cash with Cowboy Wholesale, a leading distributor consumer electronics based in New York City. Ray J’s Raycon was formed in 2015 and is famous for the Scoot-E-Bike, a foldable, eco-friendly bike on two wheels.

As now, no one from Ray J's camp has responded to the lawsuit or the allegations.

 

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Author: Rebecca Roberti

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