50 Cent posing with an estimated $50,000 on Instagram
Rapper, 50 Cent, real name Curtis Jackson,
filed bankruptcy in July 2015. 8-months ago the Judiciary
Report wrote about 50 Cent's bankruptcy case labeling it a
fraudulent filing by the rapper who is not truly bankrupt (50 Cent
Says He Is A Fake In Bankruptcy Court With A Net Worth Of $4,400,000
Not $150,000,000 But Is He Hiding Money And Assets).
50 Cent posing with an estimated $250,000 on Instagram
Three days ago, the judge presiding over the
case, Ann M. Nevins, issued a ruling ordering 50 Cent back
to court to explain why he posted a photo on his social
networking page spelling out the word "Broke" using $250,000
in cash. The ruling was issued due to one of 50 Cent's
creditor accused him of bankruptcy fraud last week, after
witnessing photos of the rapper posing with stacks of cash.
50 Cent has also hidden the fact he owns a custom built
mansion in Africa, the trademark to his stage name and has
been making cash from performances, not disclosed to the
court. These acts constitute bankruptcy fraud, which is a
felony. He's been hiding money and assets the entire time.
50 Cent has been showing off
online as his ego can't stand people thinking he is broke (when
he is not)
The July 22, 2015 article "50 Cent
Says He Is A Fake In Bankruptcy Court With A Net Worth Of $4,400,000
Not $150,000,000 But Is He Hiding Money And Assets" has now
been proven correct, "He is hiding money and assets. He can
afford to pay the judgments and have money and assets left
over for himself. He just finds it extremely difficult to
part with $22,000,000 to pay court judgments over his poor
choices. Therefore, his bankruptcy case is not legitimate.
This is not what bankruptcy is for. Bankruptcy is for people in genuine financial distress, who
need legal relief, not for millionaires hiding assets in
attempting to get out of multi-million dollar court judgments
caused by their stupidity and arrogance in violating other
people's rights. Bankruptcy fraud is also a felony investigated
by the federal government and is punishable by 5-years in prison
and $250,000 in fines."
STORY SOURCE
'Broke' 50 Cent ordered to court after flashing cash online
'Broke' 50 Cent ordered to court after flashing cash online
February 20, 2016: 8:36 PM ET - 50 Cent has
posted lots of photos surrounded by cash -- while he's in
bankruptcy court. The rapper "50 Cent" is heading to court
to explain why he's declaring bankruptcy -- while posting
pictures of himself surrounded by cash on Instagram. Curtis
J. Jackson III filed for bankruptcy in July. He claims that
he still makes millions, but that a flood of expensive
lawsuits is killing him.
The guy who got famous for his 2003 album
called "Get Rich or Die Tryin" has poked a lot of fun at
his financial situation. But now U.S. Bankruptcy Judge Ann
M. Nevins is worried the rapper is being outright dishonest.
Since October, 50 Cent has posted several photographs on
Instagram of him playing with cash. In one, he's in bed
surrounded by dozens of stacks of $100 bills -- easily
$50,000 in that picture alone. In another, he stacks the
Benjamins to spell out "B-R-O-K-E." ...
In court on Thursday, the judge told the
rapper's attorney: "I'm concerned about allegations of
nondisclosure or a lack of transparency in the case."
CNNMoney listened to audio recordings of the Hartford,
Connecticut hearing. News of the hearing was first reported
by The Wall Street Journal.
"There's a purpose of having a bankruptcy
process be transparent, and part of that purpose is to
inspire confidence in the process," the judge said, adding
that bankruptcy court is where "an honest but unfortunate
debtor can come into court and seek relief." "When that
process becomes very public, the need for transparency, I
believe, is even higher," she told the rapper's lawyer,
James Berman...
http://money.cnn.com
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