Posted on 07/13/2015 2:41:48 PM PDT by SeekAndFind
Rapper 50 Cent filed for bankruptcy on Monday.
The news came as bit of a surprise since The New York Times just described him as a man of "exceptional business instincts" less than a week ago.
In May, Forbes pegged his net worth at $155 million.
50 Cent, aka Curtis Jackson III, reportedly earned between $60 million and $100 million from a stake in Vitamin Water when it sold to Coca-Cola in 2007, according to The Washington Post.
Yet in the abbreviated Chapter 11 filing Monday, Jackson's lawyers said that his assets range from $10 million to $50 million, including cash. The same goes for his liabilities.
What could be going on here?
The lawyers for a woman who just won a lawsuit against Jackson believe he's trying to protect himself from paying their client. Lastonia Leviston is due $5 million as a result of a sex tape that Jackson posted in 2009 allegedly as part of an attempt to stir the pot with rival rapper Rick Ross.
Hunter Shkolnik, Leviston's lawyer, told Business Insider, "We think this is a failed attempt to avoid paying this woman who has been hurt so badly by his actions."
Here's the backstory: Ross and Leviston had a child together in 2003. In 2008, Leviston was recorded having sex with her boyfriend at the time (who was not Ross). That boyfriend gave Jackson a copy of that sex tape, according to the AP.
Jackson allegedly posted the tape online to humiliate Ross. But he didn't just post the tape: He added his own commentary while wearing a wig. Jackson called himself "Pimpin' Curly" and recorded a demeaning, vulgar voiceover for the tape, according to The Daily News. (We have not watched the video.)
(Excerpt) Read more at businessinsider.com ...
What a low class bum
And this surprises you?
Why should anyone care about this?
First off, you can’t spell ‘crap’ without ‘rap’. Second, making “beats” on a computer is not really making music. Third, we all know what their culture is like: drugs, guns, gangs, cars and women.
Anyone who had sex with that low-life Fiddy Cent deserves a whole lot more than $5 million.
He did get us to bastardize the pronunciation of a word, for what it is worth.
Sounds like he is getting good legal advice.
$5 million can buy a lot of motions and frustrating delay time to make the plaintiff cave.
Piece of crap like him ain’t worth ‘fitty cent’.
“No baby....seriously.....I just want to record us so I can remember our great love.”
“Well....OK then.”
Scumbag worm is more apt.
It’s worth noting that Mr. Jackson is an outspoken Republican. His behavior may not scream conservative or even proper, but he does support Republican causes.
slim bag
I guess you e never heard of cakewalk, pro tools, or any other music software that professionals use to sequence music. Trent reznor... He’s not a musician either because he creates his albums using software. Shall we classify electronic keyboards as not real music too because it’s digital or are we only doing that for music you don’t like?
Not a fan of rap either but you shouldn’t open your mouth regarding subjects you clearly know nothing about or you might look stupid. You just described Texas country, outlaw rock, and a host of other genres. It’s a good thing willie Nelson didn’t go to jail or do drugs, the beetles were sober, and johnnie cash was a fine upstanding citizen.
What Republican causes are you talking about? Illegal amnesty? Total funding and approval of obama’s agenda? Which ones?
Fitty Tint only gots fitty tint, yo!
It's playing an instrument.
Not a fan of rap either but you shouldn’t open your mouth regarding subjects you clearly know nothing about or you might look stupid.
Again, we know the culture of rap. It's nothing to be proud of.
You just described Texas country, outlaw rock, and a host of other genres.
I described rap, not those.
Feel free to look it up using your search engine of choice. It’s a well-documented fact that he’s a Republican and some have even called him conservative.
useless eater... feh
I’d say you gored somone’s sacred cow.............
No surprise, Obama’s sons just bein Obama’s sons. That’s just how we our own. We shotgun whitey in the head.
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