Tuesday, July 28, 2015

Lil Wayne And Young Money Sued By Rapper David Banner For Theft Of $150,000 In Royalties

Akon, Lil Wayne, David Banner and Snoop Dogg

Rapper and music producer David Banner has sued Cash Money Records imprint, Young Money, alleging non-payment of royalties.  Banner revealed he produced several tracks for Lil Wayne and is owed at least $150,000 in royalties. Banner is unable to obtain an accurate accounting of royalties owed. In industry terms this means Cash Money and Young Money are engaging in creative accounting, doctoring their books, to defraud people they owe money.

Rappers Drake and Tyga, as well as a host of writers and producers are complaining they have not been paid, collectively owed millions by Cash Money and Young Money, who are thieves. Many writers and producers have also sued Cash Money and Young Money for copyright infringement in stealing their work. Professionals do not do business in this manner. You don't contract people to do work, collect millions of dollars, squander it on lavish living, then don't pay people for their labor that made you rich. It is fundamentally wrong. Real business people do not conduct their financial affairs in this manner.