Young Money Becoming Broke Money As Creditors Sue Lil Wayne And Company

Young Money

For years Cash Money Records, established in 1991 and its spin off, Young Money Entertainment, founded in 2005, have lived lavishly in the hip hop world, buying expensive mansions, cars, jewelry and clothes. The trappings of wealth became apart of their image. The rap stars fronting the outfit, Birdman (Bryan Williams) and Lil Wayne (Dwayne Carter) spent money like it is water, in a flashy show of wealth that strengthened their appeal in the rap world among select audiences. 

Lil Wayne

However, all is not well with the companies' finances. Years of excessive spending and unlawful financial dealings have caught up with the company. Both labels have lost lawsuits for breach of contract. There are also many copyright infringement lawsuits against Cash Money and Young Money, filed by famous songwriters, producers and publishers, as well as up and coming talent who contend in court they were ripped off. 

Birdman

The rap collective is facing fresh lawsuits filed by creditors for millions of dollars in debt they have defaulted on, with more claims on the way. An aviation company has sue Young Money for $1,000,000 in unpaid bills, over a customized Gulfstream private jet that runs $55,000 per month. Lil Wayne lost a lawsuit against Quincy Jones III and was ordered to pay him $2,200,000 for blocking the release of the documentary "The Carter 3" leading to a loss in profits. Wayne is also facing a lawsuit for $250,000 over the domain name Young Money, after failing to pay the remaining balance on the agreed to fee of $600,000. 

Nicki Minaj

Exacerbating their financial trouble is the fact Birdman, 45 and Lil Wayne, 31 have purchased lavish mansions in Miami for millions of dollars and made expensive upgrades to the properties in trying to live like the fictional 1980s Miami movie character Tony Montana from their favorite film "Scarface" (thankfully for me the Golden Girls, also set in Miami, was my favorite show when I was a kid in the 1980s and it costs nothing to live like them LOL). 

Las Vegas Police State No One Has Come Forward Regarding Allegations Of Assault By Boxer Floyd Mayweather

Justin Bieber to Floyd Mayweather: you did this, didn't you!
Floyd Mayweather to Justin Bieber: maybe!

This week two anonymous men came forward alleging boxer Floyd Mayweather ordered members of his crew to beat them with bats, resulting in broken arms and legs. The men stated Mayweather had them assaulted at a private location for stealing some of his jewelry, which they deny. 

Rather than going to the police, the men retained an attorney, then rushed to TMZ, going public with the story. As the Judiciary Report has consistently maintained in past articles, you must always go to the authorities first regarding alleged criminal activity, before filing any kind of civil legal action, which is clearly where the aforementioned case is headed. 

"Scarface" in bath watching the TV with remote in hand:

Floyd Mayweather in Jacuzzi bath watching the TV with remote in hand on Friday:

Is Money May sending a message - steal from me and I will go Scarface on you (next time call the police Floyd, LOL)

The Las Vegas Police stated the alleged crimes are “just a rumor.” Authorities stressed no one has come forward. Mayweather for his part has kept mum on the matter. He chose to release a video of himself relaxing in an invigorating Jacuzzi bath, while watching TV in his mansion, reminiscent of the scene in the movie Scarface (y’all know Mayweather did this right LOL - I’m kidding). 

Mayweather continues to display his valuables on Instagram, which is a road map for thieves, especially considering his address is on the internet. Mayweather has several million dollars in jewelry in his home that he proudly displays on Instagram, among other luxury items. There are bank robbers who have made off with less stealing from financial institutions than the value of the items in Mayweather’s home. Time to protect himself. He may want to invest in converting a room in his house into a high security, password/code protected vault of some kind to store his valuables, especially when he is away or people are doing work on his home.

 

Floyd Mayweather in front of his Las Vegas mansion

This is not the first time Mayeather suffered a robbery regarding his jewelry. Last year, several of Mayweather’s Rolex watches were stolen on the night of his fight against Canelo Alvarez. Opportunistic, disloyal stripper, Queen Princess Love, was accused of having someone swipe the valuables and $10,000 in cash from the property.

The Film 'Scarface' Shows What The Drug Trade Is All About

Scarface

I saw the 1983 film "Scarface" again on AMC last week (the edited, clean version). The movie, filmed in Miami, Florida and Santa Barbara, California, chronicled what was transpiring in Miami at the time during the violent drug trade. The lead character in the film "Tony Montana" was an immigrant to Miami, who wanted to become rich very fast and saw selling cocaine as the answer to his poverty problems.

"Scarface" is often glorified by rappers, who completely miss the message of the film, which is to avoid the drug trade. Director Brian DePalma and writer/director Oliver Stone showed the dangerous, depraved, paranoid and unhappy life that goes with being a drug dealer. However, rappers quote sayings from the film putting a positive spin on what is a very negative and harmful lifestyle.

  

Only actress Lindsay Lohan snorts more cocaine than Scarface

Rappers promote the drug trade via music, rapping positively about what is destructive behavior. This negatively influences impressionable audiences, who quickly want the homes, cars, jewelry, clothes and women, then get into the drug trade trying to live like rappers (many of whom are just pretending for the cameras, living on credit and rented luxury items). 

The terrible consequences of drug dealing is far more real than what rappers are showing you. Miami had quite a few Tony Montanas running around in the 190s, who wreaked havoc on the city. They bought up luxury homes, cars, jewelry and designer clothes. Some drug dealers were buying several homes and businesses in cash to launder the money. Their was so much money laundering going on in Miami from the drug trade the federal government had to make new rules for how much money one can deposit without it being flagged and sent to the government for inspection ($5,000). If you buy a house or car cash, the sale is sent to the government for inspection to verify it did not come from the drug trade or any other illegal sources. 

While the drug trade did not personally touch my life, I know someone who was profoundly affected by it. When I moved to Miami in the 1980s as a kid, the drug trade was in full swing. I didn't fully understand it, as I was a child, I just knew it was something negative from what I was told and watched on the news with my mom. 

At the time my mom's friend's daughter was dating a man a few had assumed to be a drug dealer shifting cocaine. He bought a house, a Porsche and BMW. He wore a massive gold rope chain and designer clothes. A young man with no job in possession of said assets and no explanation as to how he acquired them, will draw attention. He got my mom's friend's daughter pregnant. They were both in their early twenties and living in luxury from the drug trade. However, she and her mom were told his money came from his dad's business. It wasn't until the police arrested him and all the material possessions were taken away that it came home to everyone he was a cocaine dealer. He was sentenced to many years in prison and missed his daughter growing up. 

As the saying goes, drug dealers end up dead or in jail, if they refuse to leave the drug trade. Some were caught early by police as small time hustlers and gave up on the trade, not realizing it saved their lives and futures. Some leave the trade when something terribly violent happens. I saw an interview with a former drug dealer, who stated the very expensive watch he was wearing, saved his life. A rival drug dealer opened fire on his vehicle, but the bullet hit the watch, damaging his hand that was covering his chest, but did not go through to his heart. He gave his life to God after that and became a pastor.

A few years of living in luxury is not worth one's life or a long stretch in jail. Leave the drug trade alone. If you're not in it, don't get in it. If you're in it, get out now. Turn your life around and do something honest with it.