Gregory Wings, the guy who poured money into what was supposed to be a smashing Burna Boy concert in Joburg, is reportedly stuck in a financial and legal mess, and it’s quite a story.
Gregory Wings FNB accounts frozen amid tensions over Burna Boy convert fraud
Gregory, an American into real estate, thought he was onto something big. He teamed up with Sedote Nwachukwu, a guy he’d known for 15 years, to fund this epic Burna Boy concert.
When Business Deals Go South
The plan was simple: Gregory puts in the cash, they both share the profits, and he gets to be the silent money guy in the background. Easy peasy, right? Well, not quite.
Here’s where things get twisted. according to reports, Gregory discovered that his buddy Nwachukwu was pocketing money from ticket sales and not paying the folks who were supposed to set up the concert.
This revelation came just a month before the big day, and Gregory tried to salvage what he could by paying some suppliers.
But alas, the damage was too deep, and the concert got axed. To make matters worse, Gregory’s bank account took a hit of about $1.6 million.
Because of all the shady paperwork, Gregory found himself behind bars for a week in October on fraud charges. And get this – the guy was already dealing with health issues after being shot in the stomach back in the States.
His lawyer, David Modise, says Gregory’s out on bail now and cooperating with the law, trying to clear his name and get some justice.
Meanwhile, Nwachukwu, the alleged mastermind of this mess, vamoosed out of the country right when the police started sniffing around. His lawyers are still playing the game, though, trying to get back some cash they put down for the concert.