Legendary funk singer Sly Stone is reportedly homeless and living in a van in the Crenshaw section of Los Angeles.
The shocking revelation reported by the New York Post talks about the FBI’s hunt for Stone, and the numerous hits out on his life.
The singer claims his money troubles escalated in 2009, when his royalty payments stopped flowing after Stone accused his manager, Jerry Goldstein, of fraud. Stone says he was tricked into signing a rotten contract with Goldstein in 1989, giving the manager control of his finances in exchange for a weekly paycheck.
Last year, Stone sued Goldstein for $50 million, alleging fraud and 20 years of stolen royalty payments. (Contributing to the singer’s dire financial situation, he foolishly sold his valuable music-publishing rights to Michael Jackson for a reported $1 million in 1984.)