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Bad Source
NY Post ^ | December 28, 2005 | Keith Kelly

Posted on 12/28/2005 2:07:56 PM PST by DuckFan4ever

More troubles are emerging at The Source, the one-time bible of the hip-hop music industry.

Paychecks were bouncing two weeks ago, and the 50 or so staffers did not get the new paychecks that were slated to turn up before Christmas. The office was closed Dec. 23 through Dec. 26 — so staffers went without pay for the holidays.

Company president and sometime-rapper Ray "Benzino" Scott is still said to be in sunny Miami, where he has spent the past few weeks.

The firm's founder and chairman, David Mays, who recently returned to New York from Miami, hung up on Media Ink. Perhaps it was a cell-phone problem, we thought at first, so we called back.

"What are you doing calling me?" said Mays. "I just hung up on you. You're a real rude, miserable, motherf*****. I'm having a wonderful Christmas and all my staff is too. F*** you!" He then abruptly hung up the phone.

Meanwhile, Textron Financial Corp., The Source's onetime principal lender, is trying to force the company into receivership for defaulting on an $18 million loan.

(Excerpt) Read more at nypost.com ...


TOPICS: Culture/Society
KEYWORDS: circlingthebowl; moneydownarathole; music; nobusinessplan
MIAMI GUY: Ray "Benzino" Scott, pictured here in better days with rapper Lil' Kim, has been scarce from offices of The Source. Photo: N.Y. Post: Jim Alcorn
Image hosted by Photobucket.com
Glad he's having a great time. I'm sure those people who's paychecks bounced are happy he's having a great Christmas.
1 posted on 12/28/2005 2:07:57 PM PST by DuckFan4ever
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To: DuckFan4ever

You just gots to love them classy rappers.


2 posted on 12/28/2005 2:11:09 PM PST by GaltMeister (“All that is necessary for the triumph of evil is that good men do nothing.”)
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To: DuckFan4ever

Cash flow, thats what it is. Cash
flow, de cash it don't flow.


3 posted on 12/28/2005 2:12:20 PM PST by Hans
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To: Hans

No, mo, You ho!


4 posted on 12/28/2005 2:15:58 PM PST by Hans
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To: DuckFan4ever

I can't decide if a small lizard is crawling in his hair or if it's an alien landing strip.


5 posted on 12/28/2005 2:18:30 PM PST by Reactionary (The Liberal Idea of the Social Order is a Hedonistic Idiocy)
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To: DuckFan4ever

So who was it who thought you could get rich targeting gangsta rap fans who like to read?


6 posted on 12/28/2005 2:21:06 PM PST by HHFi
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To: Reactionary
I can't decide if a small lizard is crawling in his hair or if it's an alien landing strip.

Ummm.. yes, that's what it is...

7 posted on 12/28/2005 4:29:50 PM PST by NoCmpromiz (John 14:6 is a non-pluaralistic statement.)
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To: DuckFan4ever
"What are you doing calling me?" said Mays. "I just hung up on you. You're a real rude, miserable, motherf*****. I'm having a wonderful Christmas and all my staff is too. F*** you!"

Yeah, I always talk to callers like that when I'm happy. Don't you?

8 posted on 12/28/2005 4:40:33 PM PST by RichInOC ("Whassup witchoo?" "Nothin'...watchin' the game, havin' a Bud." "True. True." "WHASSUUUUUP?")
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