50 Cent is taking another unwanted trip to bankruptcy court to explain the endless bundles of cash he’s posted on Instagram after he was or...
50 Cent is taking another unwanted trip to bankruptcy court to explain the endless bundles of cash he’s posted on Instagram after he was ordered to pay $7 million in a sex tape case to Lastonia Leviston, the ex of Rick Ross.
The Wall Street Journal reports it was Leviston who brought the photos to Judge Ann Nevins’ attention during a hearing on Thursday (Feb. 18). Speaking with the rapper’s lawyers, Nevins said she is concerned about the sincerity of the rapper’s money woes. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” she said, adding that bankruptcy is for “honest, but unfortunate” people who are given the right to start over.
 |
| A Judge Wants 50 Cent To Explain The Abundance Of Cash He Flaunts On Instagram |
Broke can take on different meanings for those of the rich and famous, but the rapper does owe his mortgage lender and a partner in his failed headphone deal a reported total of $18 million. The parties have advised the court to have a third party manage the rapper’s money until he is able to pay off his reported $30 million debt to creditors.
His lawyers have clapped back by explaining his social media space is simply to promote his brand and doesn’t hold any leverage in the claim. In other words, “it’s just entertainment folks.”
“By including pictures from [Mr. Jackson’s] social media accounts and implying that [he] is hiding assets…the [three creditors] intentionally ignore that [Mr. Jackson] is in the entertainment and promotion business and must maintain his brand and image (or those of the products he is promoting),” his lawyers said.
A definitive date for 50 to head to court hasn’t been revealed. Source: www.vibe.com
- Advertisement -
- Advertisement -
The information is provided by PaHarare Exptreme using online sources and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose.
Any reliance you place on such information is therefore strictly at your own risk.
- Advertisement -
