Cent Will Have To Explain His Instagram Flexing In Bankruptcy Court
According to the newspaper, photos were flagged by Lastonia Levinston, the woman who won a $7 million settlement against Jackson as part of a dispute over a sex-tape the rapper obtained and posted online in 2009.
As lawyers for 50 Cent battle with creditors over a potential repayment plan in his personal Chapter 11 bankruptcy case, social media photos have added oomph to the argument that the court may need to put someone else in charge of his money.
In one picture Jackson spelled out the word “broke” in stacks of cash. Check the photos out below!
Earlier court papers put a spotlight on three pictures of 50 Cent, whose real name is Curtis James Jackson III, with bundles of cash. Also, according to recent Twitter posts on Fif’s page, he also recently bought a house in Africa.
The rapper claims he can’t pay back the reported AUD $41 million he owes creditors, but pictures of the rapper’s refrigerator strangely filled with stacks of money have judges thinking otherwise.
Indeed, says Bossip, 50 Cent’s financial documents reveal that he actually does earn quite a decent amount of money – $38 thousand per month.
50 Cent, who has sold more than 30 million albums worldwide, earned an estimated £100m after taking equity in energy drink company Glaceau, maker of Vitamin Water, which was subsequently sold to Coca-Cola in $4bn deal in 2007. Jackson’s] social media accounts and implying that [he] is hiding assets…the [three creditors] intentionally ignore that [Mr.
Lawyers for 50 Cent weren’t immediately available after the hearing to discuss the judge’s order. The date of the hearing Mr. Jackson is required to attend hasn’t yet been set.