Antywan Ross, a music industry promoter from Georgia, pleaded guilty to one count of wire fraud for scamming a New Jersey investor approximately $330,000 by misrepresenting to him his plans to promote singer Mariah Carey in Dubai.
In 2008, Ross used his company the RDA Group to support his claim to promote a series of Mariah Carey concert in Dubai. Ross solicited to investors claiming investments would be repaid within 45 days plus interest. When an investor from New Jersey invested $330,000 in Ross’s project, Ross released the funds from RDA’s escrow account for his personal expenses. Ross admitted that Mariah Carey to Dubai Project was a sham to defraud investors.
If convicted, Ross faces a maximum penalty of 20 years and a fine of $250,000 plus restitution of $330,000.
