*Funk musician Sly Stone has filed a $50 million lawsuit against his former manager after accusing him of stealing his royalties for the past 20 years.
The 66-year-old frontman of the 70s group Sly and the Family Stone claims Jerry Goldstein robbed him of millions in royalties to finance a lavish lifestyle. Stone also accuses Goldstein of registering the band’s name as his own and using it to borrow even more money.
The musician, whose real name is Sylvester Stewart, is asking the Los Angeles Superior Court for the full accounts from royalty collection companies to determine exactly how much money had been taken from him, reports BBC News.
According to the court filings, Stone said he had been homeless at times and was currently living off benefits. The documents added the musician depended on Goldstein to handle his financial affairs, and that he had paid Stone some money until 2007, but then stopped.
Stone’s lawyer, Robert Allen, said the legal action highlighted “a dark side of the music business where some of these artists are being robbed of their intellectual property and the fruits of their genius by unscrupulous people who prey on their trusting nature and lack of business and legal knowledge.”