Musician Swindles Hundreds of Thousands from Investors

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We know that musicians are desperate to make music even though it costs a lot, but most of the time, they just get a dead-end job to help fund their dreams.

But not for one man, who managed to not only scam many investors, he took the money and put it towards his own music career.

Portland-based musician, Kasey Anderson did just like. Anderson was sentenced to four years in prison after defrauding 30 investors out of nearly $600,000.

According to the Seattle Post-Intelligencer, the singer-songwriter told investors that the money was going to a charity album titled, Trapped Like a Ghost. He had claimed that acts like The Arcade Fire, Bruce Springsteen, Pearl Jam, and R.E.M. would be contributing tracks to the record, but in the end he got caught using the funds for his own personal gain.

Anderson said that the money was going to benefit the West Memphis Three Legal Defense Fund. He went so far to convince investors that he posed as a Seattle tour manager as well as an entertainment attorney, he forged an email from a family member of one of the West Memphis Three, and reportedly even played previously released Bruce Springsteen tracks, passing them as a never-before-released version featuring the Arcade Fire. He, reportedly, even claimed that he would be able to get a Springsteen/Lady Gaga collaboration, but as we know, that did not happen.

Anderson plead guilty to the crime last August and now owes investors over $400,000.

Recently, he released a letter to the court as an attempt to apologize for his crime. In the letter he claims he has a mental illness that made him do it.

We’re going to assume the court did not buy his scapegoat excuse of mental instability.