JOHN MAYER Sued Over Ponzi Scheme Money

September 10, 2012 - 10:39 am | Category: Money

John Mayer might be out nearly half-a-million dollars.

It seems he was paid for a 2008 performance with money earned in a Ponzi scheme — and now the duped investors want their money back. Seattle-based investment banker Darren Berg was recently sentenced to 18 years in prison for bilking his clients out of $100 million. Now the trustees are looking to recover that money. John was hired by a booking agency that was allegedly paid by Berg’s company.

Nothing has been decided yet, but a judge may end up ruling that John needs to give the money back.