Showing posts with label cars. Show all posts
Showing posts with label cars. Show all posts

Sunday, April 3, 2016

Shantel Jackson eBay Items Given To Her By Floyd Mayweather Are Not Selling

 


Shantel Jackson
 
$27,000 in used items put up for sale on the eBay, by Shantel Jackson, the former fiancée of boxer Floyd Mayweather, has not been selling (Shantel Jackson In Need Of Cash Puts Items On Sale On eBay That Boxer Floyd Mayweather Gave Her And He Finds Three New Girlfriends). Jackson is in need of cash and saw eBay as a quick way to make some money off her used possessions, but so far there have been no takers in the three weeks the items have been posted.  


Floyd Mayweather and Shantel Jackson before their acrimonious break up

Jackson sued Mayweather for taking back the $5,000,000 engagement ring he gave her, after aborting his twin babies without telling him and making him feel guilty about it in stating he stressed her out into a miscarriage. Thus far Jackson has not received money from the lawsuit and her cash is running out, after selling the three luxury cars Mayweather gave her.

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Friday, February 19, 2016

Brazilian Judge Orders Neymar's Private Jet, Yacht And Sports Cars Seized In Tax Evasion Case


Neymar

Beloved Brazilian football ace, Neymar, is in trouble in his homeland. The 24-year-old Barcelona F.C. forward is at the center of a tax evasion case. A judge has ordered his private jet, yacht, luxury cars and other valuable items seized until the case is formally resolved. The value of the seized items equal $47 million dollars. According to the Financial Times newspaper, "Prosecutors allege the star used marketing and other shell companies to distribute his earnings in such a way that he paid less tax." 


Neymar in action for Barcelona

The Judiciary Report has written and published to the site, a number of sports articles, some containing items regarding the importance of paying one's taxes. World governments want their tax money. Tax evasion is almost always discovered, then hefty fines and penalties are added. Neymar needs sound financial advice from experts who are held accountable by government regulatory agencies. Considering Neymar is in line for a massive new football contract that could break existing records, he is in dire need of proper financial advice to prevent future problems. Neymar's teammate, Lionel Messi, is also facing a tax evasion case. However, Messi's case is transpiring in Spain.

Neymar

Side Bar: Neymar and Barcelona F.C. are scheduled to play my beloved Arsenal F.C. this month in London, England. As stated on Twitter, I have devised a plan to have the visas of Neymar and their other top footballers, such as Lionel Messi, Luis Suarez and Andres Iniesta, denied by British immigration. So, who do I have to bribe in British Passport Control with a Nandos to make this happen (LOL). 

Held in Heathrow airport until after the Arsenal match. That's right Neymar, go do some skills on the plane on your way back to Spain. Kick the ball over the pilot's head. Messi can nutmeg the flight attendant and not Arsenal (I'm kidding). Seriously, Barcelona is a great team...and so is Arsenal. Regardless of what sport you play, you can't let rivals intimidate you with their stature. Play with confidence and the desire to win.

STORY SOURCE

Judge orders Neymar assets seized in tax case
 
February 16, 2016 7:12 pm - A Brazilian judge has ordered the seizure of a private jet, a luxury yacht and other goods worth a total of R$192.8m (US$47.3m) from Neymar, the country’s biggest football star. The case against Neymar da Silva Santos Junior, who is accused of using shell companies to avoid taxes, mostly relates to his career at the Brazilian team Santos between 2011 and 2013. He is also at the centre of a separate case in Spain over alleged irregularities in his transfer from Santos to Barcelona, the reigning European champions. 

“There were omissions of revenue received from sources inside and outside the national territory,” said the court ruling from a federal judge in Santos. The case against Neymar, who like most Brazilian footballers is generally known by his first name, comes as the country’s elites face increasing scrutiny from regulatory authorities...Prosecutors allege the star used marketing and other shell companies to distribute his earnings in such a way that he paid less tax...

Thursday, November 19, 2015

Porsche Blames Paul Walker For His Death In Lawsuit Response


Paul Walker

The Porsche motor car company has blamed deceased Hollywood star Paul Walker for his November 2014 death in California, which occurred while riding as a passenger in their Carerra GT model. The late actor's 16-year-old daughter, Meadow Walker, filed a lawsuit in court against Porsche blaming them for his death. The lawsuit alleges the car is unsafe and is capable of traveling at a very high rate of speed not suitable for public roads.

Porsche has filed an answer to the lawsuit blaming Walker for his death, citing the Carerra GT he died in, with friend and race car driver, Roger Rodas, behind the wheel was modified, poorly maintained, "misused" and driven recklessly. I am sorry for Meadow's loss, but to be frank, Porsche's allegations of poor maintenance and misuse, coupled with the fact Rodas was speeding on a public road (not a controlled race course free of objects and unexpected turns in the road) is going to make it difficult for her to win the case.

Porsche is basically indicating Rodas and his estate are culpable in Walker's death. To a degree, they are correct. Road racing in a modified sports car is dangerous. Anyone who participates in such unlawful activities, assumes certain risks, such as the possibility of an untimely death. If Rodas had properly maintained the car and been within the speed limit, this would be a stronger case for the plaintiff.

STORY SOURCE

Film star's fatal crash was his own fault, accuse car company

Published 17th November 2015 - FAST and Furious star Paul Walker caused his own death in a car crash, Porsche said today. DENIAL: Paul Walker's daughter filed a law suit against porsche.

The luxury auto giant was responding to a lawsuit filed by the actor’s daughter Meadow, claiming wrongful death. It proposed Walker knew the risks he was taking as a passenger in the 2005 Carerra GT, driven by his friend Roger Rodas, who was also killed when the car hit a pole and set alight in November 2013.

Porsche Cars North America added the vehicle had been “altered”, badly maintained, and “misused” – contributing to the actor’s passing at the age of just 40. The court papers said: “Mr Walker’s death, and all other injuries or damages claimed, were the result of Mr Walker’s own comparative fault.” DIFFER: Meadow believes the car hit a top speed of 70 mph, not 90 like the police claim...
 

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Friday, October 9, 2015

3 Of Floyd Mayweather's Luxury Cars Valued At $1,000,000 Burned In Transport Fire


Floyd Mayweather and Andre Berto

The richest boxer in the world, Floyd Mayweather, has lost three of his luxury vehicles, valued at approximately $1,000,000. The cars were being transported from Mayweather's main house in Las Vegas, Nevada to his second property in Miami, Florida, when a fire broke out in Phoenix, Arizona. Mayweather has insurance, so it will cover it.


Mayweather's house and some of his cars in Las Vegas, Nevada


Mayweather's cars among those incinerated in a transportation fire this week

Mayweather's fights and associated tie-ins have grossed $800,000,000. If Mayweather returned to the ring from retirement, he could be the first boxer to hit billionaire status, which would be quite an accomplishment, considering how difficult a sport boxing is and the amount of work it takes to make it to the top of the field.
.

Side Bar: my personal theory is that Andre Berto did it cause Floyd beat him in their fight LOL (I'm totally kidding).

Side Bar 2: my good friend, who has been a chef for many years, baked a beautiful cake that was served at a private party Mayweather hosted in Miami recently (Congrats, girl!). She is the best baker I know. She's made cakes with designer purses, footballs, flowers...she even did a cake one time with a 3D Disney World on top that was unreal.

STORY SOURCE

Floyd Mayweather 4 Expensive Cars Up In Flames... In Trailer Fire

10/9/2015 12:50 AM PDT - Floyd Mayweather's pricey car collection took a massive hit this week -- when a trailer transporting Floyd's Bentley and 2 Rolls Royce whips burned down to the ground ... TMZ Sports has learned. We're told the truck was transporting Floyd's rides from Vegas to Miami when something went wrong just outside of Phoenix, Arizona on October 7th at 1:31 AM ... and the entire unit went up in flames...
 

Tuesday, September 8, 2015

Rapper The Game Blames Chris Brown's Former Friend Wackstar For Vandalizing His Porsche And Stealing $50,000 From The Singer In Home Invasion Robbery


Wackstar, Karrueche Tran and Chris Brown on Instagram in 2014

Compton, California rapper the Game has been on social networking slamming a man known as "Wackstar" who was a friend of singer Chris Brown and his ex-girlfriend, Karrueche Tran. The TMZ website reported, the Game, real name, Jayceon Taylor, is threatening to break Wackstar's jaw for damaging his Porsche and masterminding the break-in to Brown's mansion, tying up his aunt, Christine Brown, shoving her in a closet and stealing $50,000 in a safe, as well as electronics (including Brown's computer with his music work and other sensitive data on it).


Chris Brown returning home and finding out his home was burglarized and his aunt held at gunpoint

The Game stated,"Tell these fans who really had Chris Brown auntie tied up and his house broke in you p***y as* f****t. When I see you I'm gone break yo f***in jaw...So have yo gun on you p***y." Wackstar responded, "I know the real you, you wouldn't hurt a f****n fly...#ChangeOfHeatAs*Ni**a."


Chris Brown's closet fully of clothes and shoes provoked jealousy among some of his friends

Seriously, what does Wackstar do for a living that he can afford a large home and luxury cars. It gives a certain impression of illegal activity. Not to mention, Wackstar was the main one egging Brown on, regarding threatening male supermodel, Tyson Beckford, over an innocuous selfie with Tran. He also went ahead of Brown to Las Vegas trying to start trouble with Beckford, who hadn't done anything wrong, prompting Tran to flee the city.


Christine Brown

Wackstar is a troublemaker and one who has gotten Brown into very negative situations in the past, not caring that the singer was on parole. After the burglary into Brown's mansion, his mother stated online that it was one of his friends. His aunt also indicated the same to police, who continue to investigate the burglary.

 

The Game and his beautiful daughter Cali

For well over a year the Judiciary Report has warned Brown, who reads this site, about some of the friends in his circle (Getting Negative Influences Out Of Your Life and Chris Brown Announces More Tour Dates While Paying The Way Of Destructive OHB Crew among other articles). It's sad he and his family had to find out the hard way, especially his aunt. At least she was not killed or seriously injured. However, she is traumatized and shaken from what had to have been an awful experience. As the phrase goes, "With friends like these who needs enemies."

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Monday, September 7, 2015

Tiny And TI Live Lavishly On TV But Owe The Government $4,500,000 In Back Taxes Resulting In IRS Liens


TI and Tiny

On their reality show "Family Hustle" rapper TI (Clifford Harris) and his wife, singer, Tiny (Tameka Harris), try to present an image of wholesomeness and teaching their children to do the right thing (never mind TI is an adulterous, song stealing rapper, who is apart of the disgraceful "Blurred Lines" copyright case and others). Therefore, it is a contradiction to their conduct on the show that the two millionaires have not been paying their income taxes.

A recent report in the New York Post indicates the couple owes the U.S. Internal Revenue Service (IRS) millions of dollars in back taxes, which resulted in the government agency slapping them with two federal tax liens totaling $4,500,000. The liens are for non-payment of taxes for the years 2012 and 2013. All that time they were flashing their wealth on television (the IRS does watch TV too).

The couple have made millions of dollars from music, movies and their reality show. TI recently opened a restaurant in Atlanta, Georgia, which required money. On the reality show "Family Hustle" the couple live in a large $4,500,000 Georgia mansion and drive several luxury cars. They take expensive trips and go on shopping sprees. However, the IRS didn't get their cut of the couple's earnings and are pursuing action against them for failure to pay taxes.

RELATED ARTICLE

Wednesday, July 22, 2015

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

Deceitful rapper 50 Cent, real name Curtis Jackson, made an appearance in bankruptcy court yesterday stating his whole lifestyle is a fraud regarding the image of wealth he portrays. Forbes magazine estimated 50 Cent's net worth is $150,000,000. However, the rapper told the Manhattan Supreme Court he is only worth $4,400,000. If you say so, Curtis.

50 Cent is lying to the court through his supersized capped teeth, as he was sued and handed hefty judgments in two cases totaling $22,200,000. Being the greedy, lawless person he is, 50 Cent would rather commit bankruptcy fraud than pay what is owed. The lawsuits were not frivolous and are the direct result of his criminal behavior, arrogance and greed. These are not individuals exploiting 50 Cent. These are individuals 50 Cent criminally exploited and they sued him and won.

 

The first case is Sleek Audio vs. Curtis Jackson, in which the company was awarded $17,200,000 after 50 Cent committed criminal copyright infringement, patent infringement and corporate theft in stealing the technology and design of earphones that were pitched to him by the Plaintiff. Sleek Audio wanted 50 Cent as a front man. He got greedy and decided to break the law and steal their product, giving it a new name. 50 Cent renamed the stolen earphones from Sleek Audio to SMS Audio.

The second case, Lastonia Leviston v. Curtis Jackson, is a disgusting one, as 50 Cent cruelly obtained a private sex tape featuring the Plaintiff, who is the mother of rapper Rick Ross' child and uploaded it to the internet. 50 Cent did so out of spite and arrogance. It was a wicked thing to do. Leviston was so distressed, distraught, embarrassed and humiliated, she became "suicidal."

 

50 Cent's mansion in Connecticut should be sold to pay off his debts

Leviston did not sign up to be a porn star in this matter, but 50 Cent illegally turned her into one and deserved to lose that case for being so terrible to her. I have no sympathy for him in this. What if she had killed herself, as other young women have done in the same and similar situation (private sexting and nudes illegally made public).

50 Cent has assets and is not entitled to bankruptcy protection. 50 Cent's Farmington, Connecticut mansion he bought from boxer Mike Tyson is worth between $15,000,000 to $20,000,000. He has owned it for nearly a decade and has been making mortgage payments on it. 50 Cent received a significant amount of stock in Vitamin Water in exchange for endorsing the product upon its debut years ago. It netted him millions of dollars. He has endorsement deals with Effen Vodka and Frigo.


50 Cent's mansion in Connecticut

50 Cent owns a home in New York that he had burned to the ground to chase out Shaniqua Tompkins, the mother of his then underage child, who was also in residence. 50 Cent was angry Tompkins, whom he was no longer dating, had a boyfriend living in the house with her. 50 Cent collected the insurance money after the blaze. He also purchased a condo in Los Angeles for Daphne Joy, the mother of his second child, to live with his son. He subsequently trashed the furniture he bought and beat her, resulting in his arrest.

Since his debut in 2003, 50 Cent has sold over 20,000,000 albums worldwide, 10,000,000 singles and embarked on many tours and live shows, bringing in millions of dollars in profit. He has made $500,000 from his acting career (despite the fact he can't act).

 

50 Cent's mansion in Connecticut

50 Cent has also purchased a number of luxury vehicles. He claims they are all leased, but that is not true. You cannot lease luxury vehicles and alter them as he has done to some of the cars he has driven. It would be a violation of the lease. 50 Cent has also made hefty bets on sporting events and won money. His net worth is not $4,400,000. Therefore, 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.

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Wednesday, July 15, 2015

Beware Of Investment Scammers Who Prey On The Public


There are many legitimate investment companies in the world dedicated to growing people's wealth. However, there are some who are individuals secretly operating as thieves, fraudsters and con artists. They sell the public a dream and use their own lives as a so-called example of how you can achieve wealth. They prey on the public's desire for a better life and financial stability. They show off their luxury home, vehicle and designer clothes as proof they are good with money and can be entrusted with yours. However, some are using investor money to pay for the luxury items they flash to the public and are living on maxed out credit cards.

When you invest with a scammer, easy money may roll in at first, but if it is a fraudulent investment scheme, you will get back far less than you put in. Additionally, a situation could arise where prosecutors sue to get back profits you were given that you were not entitled to as the whole thing was a scheme, whether you had knowledge of it or not. Then you will require a lawyer and accrue attorney's fees to get yourself out of the legal mess. Therefore, properly research anyone or company you choose to invest with. Check with regulatory agencies in your nation to ascertain if they are in good standing and lawfully operating. Do internet searches for complaints from consumers. Make sure they have a good reputation before you entrust them with your money.

Be careful investing your money with friends. Some lack the expertise and understanding of the financial markets to truly bring you a good short term and long term return on your investment. If you are going to make a sizeable investment, which is risky, it is better to invest with wealthy companies that have a proven track record (because if they make reckless choices, which is not the norm, you can sue and there would likely be something you can recoup from their assets). However, at the end of the day, when you invest, you must remember, there is no guaranty you will make money and you could lose all the cash you've invested. Choose wisely.

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Wednesday, March 25, 2015

Millionaire Star Athlete Loses It All Due To Poor Financial Planning And Becomes McDonalds Worker


David Harrison

Former NBA basketball player, David Harrison, who had earned $4,400,000 during his pro career with the Indiana Pacers, ended up broke and working at fast food restaurant McDonalds for minimum wage. His story is a sobering reminder of the perils of poor financial planning.

First of all, Harrison should be commended for obtaining honest employment at McDonalds, which must have been an emotionally difficult experience, after playing professional sports for millions of dollars. Harrison should also be applauded, as he is one of the few who actually made it to the pros, which is an accomplishment in itself.

However, as the Judiciary Report has done many times in the past, let's take a look at what transpired regarding his finances, with the hope of helping other athletes avoid similar pitfalls. Harrison was overextended, having made too many financial commitments regarding a lavish home, cars and helping others in his family and circle. His home went into foreclosure and his cars in jeopardy of  repossession. He also owed child support payments.

The Judiciary Report has emphasized in the past, it is best to purchase a starter home (equity), rather than paying rent, when the financial opportunity presents itself. As your income increases, you can rent out the starter home and upgrade to an affordably larger property (Olympic Athletes Should Seek To Make The Most Of Their Money And Career Opportunities).


Many times mortgage professionals pre-qualify individuals for mortgages based on the first one or two years of income, which often declines. The athlete purchases a home for the maximum amount they qualified for, when their income often changes year after year. Many stars' homes have gone into foreclosure for this reasons. Ask in advance what the payments will be for your mortgage and make sure it will be something within your means in the long-term.

Buying too many cars can also create financial problems. Motor vehicles depreciate the second you take them off the car lot. Therefore, be mindful of what you buy and the fact it will not be worth nowhere near as much in the coming years (so don't take on too much).

Harrison revealed he did not have a university degree to fall back on when his career ended after a few short years. Some, not many athletes, go to university in the off season, which is a great way to obtain a degree. As stated in the past, it is also wise to start a small business, which can create steady income.
Harrison also developed a drug problem, smoking marijuana everyday during the off-season, which spilled over into his game when his downtime was over. He was suspended and fined for violating league rules with marijuana use.

STORY SOURCE

From McDonald's All-American to McDonald's worker: How David Harrison lost his way after the NBA

By Marc J. Spears March 13, 2015 1:58 AM Yahoo Sports - David Harrison was the 29th overall pick of the 2004 NBA draft. Former Indiana Pacers center David Harrison, a little more than a decade removed from being a first-round pick in the NBA draft, has struggled to make a consistent living since his basketball career ended – to the point he said he took a job working at McDonald's two years ago.

"I was embarrassed because of where I could be in life," Harrison told Yahoo Sports. "Everybody has to work and make a living somehow. I have two children. They don't care where I work. They just need to eat. "People were showing up trying to take my car. My house was in foreclosure. I didn't have any income. I just had everything going out. I have child support to one son. I have a really big family and I have to take care of them, even through I'm not playing in the NBA. I needed money."

Harrison made $4.4 million before taxes during four seasons with Indiana and also played in China professionally for three seasons. He said almost all of that money is gone. Now 32 and without a college degree, Harrison said he's having a hard time finding a job. "An NBA career is a fragile thing," said Dallas Mavericks coach Rick Carlisle, who coached Harrison with the Pacers. "It tips on the slimmest of margins one way or the other. There are a lot of guys who get a taste of it. David had some pretty good years for us when I was there."  

Harrison played in the McDonald's All-America Game in 2001 after being a two-time Mr. Basketball in Tennessee. The 2004 All-Big 12 first-team pick was a starter in three seasons at Colorado and averaged 17 points and 8.8 rebounds as a junior during the 2003-04 season. The Pacers drafted him with the 29th overall selection in the first round of the 2004 NBA draft. ...

Harrison said he smoked marijuana in the offseason during his first three seasons, but not during the season. Frustrated with his role under O'Brien and his lack of playing time, Harrison said he smoked weed daily – including before and after practices – during the 2007-08 season. He was suspended five games that season for violating the league's anti-drug policy because of his marijuana use...

Harrison became a free agent following the 2007-08 season and never played in the NBA again. He averaged 5.0 points and 2.9 rebounds over four seasons with Indiana. He played professionally in China the next three seasons and played eight games for the D-League Reno Bighorns during the 2011-12 season. He last played for the Dallas Mavericks' summer league team in 2012. Harrison hasn't received any calls from NBA teams over the past three seasons. Nor have there been any overseas offers...
 

Friday, January 9, 2015

Floyd Mayweather Flaunts His Wealth And Manny Pacquiao Jokes About It In The Lead Up To Potential May 2, 2015 Fight


Floyd Mayweather

In a recent item uploaded to Instagram, the wealthiest boxer in the world, Floyd “Money” Mayweather, posted a photo of himself posing in front of his private jet, valued at $25,000,000, comfortably perched behind a row of his fleet of luxury sports cars worth $3,000,000. Mayweather‘s top rival, boxing star, Manny “Pac-Man” Pacquiao, posted a contrasting photo of himself in front of a fire waiting for Mayweather’s call regarding their highly anticipated fight. 


Manny Pacquiao

BoxRec posted an item on their website stating Mayweather v. Pacquiao is scheduled to take place on May 2, 2015, in Las Vegas, Nevada. Could this be the moment fight fans have been waiting for. One thing is certain, if the fight goes off, Mayweather and Pacquiao would make a fortune. A sporting event of this magnitude would contain multi-layered marketing deals regarding ticket sales, merchandising, pay-per-view and internet rights. As stated on the site previously, if the rights encompass China, where Pacquiao is very popular, it could turn into a $1 billion dollar event. As both men bring something to the table, the split should be even.

Wednesday, December 3, 2014

Rapper Birdman Stops Paying His Bills In Miami In A Continuing Financial Decline


Birdman

Entertainers and athletes sometimes suffer from bad planning. Rapper and Cash Money owner, Birdman, is no different. For years he flaunted his wealth with wasteful financial displays, but according to the latest report, his money problems have worsened. Birdman, real name, Bryan Williams, owes $12,447.28 in maintenance fees on his condo in Miami. He has not paid his homeowners association fees in months with reports of bounced checks. 

Considering tens of millions of dollars have flown through Birdman's hands, this was preventable. The Judiciary Report constantly advocates proper financial planning and careful spending. Birdman spent money putting mink in his cars as upholstery and on his feet, via shoes, in ostentatious purchases that quickly depreciated. He purchased a mansion in Miami and over renovated it for the area. He spent six figures on one chandelier alone and imported a fortune in marble. 

Birdman has wasted several million dollars on buying luxury cars and customizing them, for vehicles that have lost 70 percent of their worth. He has also wasted a lot of money on entourages, women and partying, to the tune of millions of dollars. That's money that could have been working for him in a sensible side business outside the industry. 

Previously, the Judiciary Report covered Birdman's financial woes that began to surface this year (Young Money Becoming Broke Money As Creditors Sue Lil Wayne And Company ). However, he like many mainstream stars believed the money would always be coming in. Making huge sums of money and continually in the business is the exception and not the rule. 

STORY SOURCE 

Birdman Bouncing Checks in Miami 

Monday, December 01, 2014 - For the past few months insiders have been whispering that Cash Money Records was suffering from a major cash crunch and headed toward bankruptcy. That would explain why Cash Money CEO Birdman has been bouncing checks… According to The Jasmine Brand Bryan 'Birdman' Williams has been bouncing checks to his Miami condo homeowners association and is months behind on his HOA dues. Apparently Birdman hasn't paid his HOA in over 6 months forcing the association to place a lien on his condo to the tune of $12,447.28... 

Thursday, June 12, 2014

Rapper Chief Keef Faces Second Eviction As Sheriffs Remove Him From His Luxury Chicago Apartment For Non-Payment Of Rent


Chief Keef 

A number of celebrities in the music, film and sports industries suffer from poor financial planning. It has been happening for decades. When they get their first checks, they indulge buying everything they ever wanted and many end up broke. Stars often don't pace themselves and as a result end up making poor financial choices, pardon the pun. This is why proper financial guidance and planning are important, a topic the Judiciary Report has repeatedly covered over the years. 


Chief Keef  (right) in the rented mansion he faced eviction over in 2013

Troubled teenage rapper Chief Keef, 18, has been evicted from the luxury apartment he was renting in Chicago, Illinois, for non-payment of rent. Keef owes four months in rent totaling $11,000. This marks the second time he has faced eviction in the past two years. Keef also rented a mansion on the outskirts of Chicago and stopped submitting rent, forcing legal proceedings (Chief Keef Arrest Warrant Cancelled New Court Date Set).


Three of Chief Keef's cars 

This should not have happened. Keef was given a record deal worth $6,000,000 with a multi-million dollar advance, to be recouped against future earnings. He also did many shows, pulling in over $1,000,000. He had an estimated $3,000,000 in cash on hand, but his money has been mismanaged. Excessive spending by the rapper, who purchased $1,000,000 in cars, rather than a home, was an imprudent financial decision. Cars depreciate, whereas homes usually appreciate in value.

Saturday, April 5, 2014

B2K Rapper Lil Fizz Goes Broke

 
Lil Fizz

A recent report indicates B2K rapper, Lil Fizz, real name, Dreux Pierre Frédéric, 28, filed for bankruptcy and surrendered his $215,000 condo back to the bank in the proceedings. The former teen group B2K burst onto the scene in 2001 with the hit “Uh Huh!” It was quickly followed by the hit “Gots Ta Be.” The group embarked on “Scream” tours throughout America with fellow artists Bow Wow and IMX, which drew large crowds. 

 
Lil Fizz

The group disbanded after a few short years and with the exception of group member Omarion, no significant money has been coming in to support the members. Better financial planning would have benefited the group. When the first checks start coming in artists must think ahead and make wise investments, such as a moderately priced home and CDs (certificate of deposit) to save for a rainy day. 


B2K

Lil Fizz bought a condo and three costly cars. The latter led to financial problems. Paying off the condo should have been first priority and the car payments for several vehicles could have accomplished that. Fizz was also sued over a marijuana shop in California, where the state assessed fines. His earning ability was also limited after B2K closed shop, as his solo career did not take off. 

Chris Stokes

His problems were compounded, as there was also turmoil behind the scenes in the group. Allegations of molestation by the group’s producer Chris Stokes, caused quite a stir. For years Stokes has sent me legal threats at the Judiciary Report over articles on the subject. However, he doesn’t want me in a court room telling that judge what I know. However, I hope the FBI, who reads this website everyday investigates him.
STORY SOURCE

GONE BROKE!!!! One Of The Members Of B2K Is BROKE . . . His Only ASSETS Are $300 . .. The CLOTHES ON HIS BACK . . . And His B2K Plaques!!! (Its Hard In These STREETS)

March 27, 2014: B2K's Lil Fizz filed for Chapter 7 bankruptcy ... claiming he only had $4,150 in assets and $352,294 in liabilities. He listed his income at the time as $3,250 a month and his expenses at $4,4937. He had $300 in his Wells Fargo checking account, $500 in clothes and a $200 electric scooter. However, he had a 200k mortgage on a Northridge, CA apartment, 2k debt on his Sears charge account, owed 2k on a credit card, 45k on a land rover, 49k on another car and 32k on another car ... along with various other debts.

According to his docs, he listed himself as a self-employed entertainer. He brought in the $3,250 from his job ... but he was paying $2,425 on his home, $480 in transportation not from his 3 cars, $1,200 to other people he supported and $200 in food which left him with a negative balance of $1,687 a month. Lil Fizz lost his home as part of his bankruptcy. Then last year he was he was finally discharged from his bankruptcy and his debt was wiped clean. 

Monday, March 24, 2014

Report: Floyd Mayweather Repossessed Millions In Jewels From Ex-Fiancée Shantel Jackson



Floyd Mayweather and Shantel Jackson

The website Media Take Out is stating champion boxer, Floyd Mayweather, who is the highest paid boxer in the world, has taken back millions in property from ex-fiancée, Shantel Mayweather. Many online believe Jackson is a gold digger. She dated Mayweather for three years and took over one million dollars in jewelry from him, a million in purses (which he also took back) and several hundred thousand dollars in cars (which were all in his name, not hers LOL). 






Floyd took his stuff back from Shantel Jackson

Well, after their acrimonious break-up, Mayweather came to his sense and took his stuff back. Good for him. If there’s anyone that should be getting those types of material things from you, it’s your mother (who he takes care of). As they say on the George Lopez Show about the lead character, your mama is the one who “had to work your big head through her pelvis” at birth.


STORY SOURCE

Y'all Thought We Were PLAYING . . . When We Said That Floyd Mayweather Took ALL HIS JEWELS BACK From Miss Jackson . .. Well We Got PICS!! (Courtesy Of Our MONEY TEAM Insider)

March 23, 2014: Last week, MediaTakeOut.com reported that Floyd 'MONEY' Mayweather STRIPPED his ex-fiance Miss Jackson of all her jewels, and all her bags, and shoes . . . and told her to BEAT IT. We now understand that Miss Jackson is living a very MEAGER lifestyle in Los Angeles. Word is that she's wearing H&M clothes and fake jewelry now.
 

Wednesday, January 29, 2014

Could More Cast Members Of 'Real Housewives Of Atlanta' Be Headed To Prison


Apollo Nida and Phaedra Parks

Atlanta, Georgia is a beautiful place. The homes are large and affordable, the landscaping is lovely and the stores plenty, making it easy for many to live like rock stars. However, among a certain set of famous people in Atlanta, things get very competitive, with some trying to outdo others in living a luxury lifestyle.

This is the case of "Real Housewives Of Atlanta" reality stars, but some have taken it too far, as in illegal territory. Many of the stars on the show are not rolling in money, as they would have you think. They're not broke, but they aren't rich either. However, one of the richest stars on the show made his money through criminal activity he kept quiet.

Apollo Nida, the husband of co-star, Phaedra Parks, grew tired of his lawyer girlfriend-turned-wife making more money than he does and embarked on an elaborate scheme to illegally make money. Nida opened 40 bank accounts via identity theft and stole over $3,000,000 in checks and fake auto loans. 


Apollo Nida's mugshot from 2009

It's is now being stated other members of the cast could be implicated in the scandal, among them Parks, but the reports in this regard have not been confirmed. Previously Parks was implicated in Nida's criminal activity that sent him to prison for 5-years as apart of an auto theft ring. Angela Stanton wrote a book labeling Parks the mastermind behind the auto theft ring Nida went to prison for. 

If Parks is involved in the criminal activity her husband has been nabbed in twice, this would be sad. Why go to university for 7-years to become a lawyer, gain the capability to earn a large income, then fall into a life of crime. That would be such a waste of a legal mind and years of hard work.  

One thing is for sure, Bravo will capitalize on the scandal, which will pull in ratings as people seek to get the inside scoop on the legal issues engulfing cast members. The public wants to know what happened in this case, but answers are not forthcoming from Parks, Nida or the rest of the cast.

Saturday, December 21, 2013

Mayweather's Money - A Break Down Of His Massive Spending That Could Make Him Broke



Floyd in his bedroom that has suede walls

Undefeated boxer Floyd Mayweather has made an estimated $200,000,000 from fights in the ring.  His most recent big payday a few months ago, netted him $40,000,000, for the fight against Canelo Alvarez. Mayweather proudly displayed the $40,000,000 check online and immediately began a huge shopping spree.



 


Mayweather owns several million dollars worth of luxury vehicles

Mayweather bought his and hers sports cars valued at a million dollars. He also purchased diamond watches and chains for himself and his gold digging fiancée Shantel Jackson, valued at over $250,000. These items add to other extravagant purchases Mayweather has made, such as $1,000,000 in Hermes handbags, which he proudly displayed in an Instragram photo on social networking.



Mayweather displaying some of his wealth on Instagram

Mayweather has also spent several hundred thousand dollars on other girlfriends, such as Queen Princess Love who used then betrayed him for rapper/reality star Ray J. He spends significant sums of money on a large entourage, who travel and dine everywhere with him, staying in  lavish accommodations.


Floyd's $1,000,000 in Hermes Birkin handbags he uses to catch women (LOL). On Instagram he proudly displayed the bags with a message stating "F*** with me you know I got it #hermes #birkin"

Mayweather also purchased several other luxury vehicles valued at over $3,000,000. His G4 private jet comes with a price tag of $30,000,000, with $250,000 in yearly refueling costs, in addition to storage and maintenance fees. Mayweather owns several lavish homes in America, valued at over $15,000,000, whose mortgages, insurance, taxes, utility, association and maintenance fees are massive. His homes are stocked with millions in lavish furnishings, gadgets and decorator touches, such as suede walls.

 

Mayweather in his G4 private jet

Mayweather has four children by two women and pays sizeable monthly sums in child support, maintaining two lavish households (it's good that he is taking care of his children). He even gave one of the mothers of his children a $500,000 diamond ring for her birthday.

 

Mayweather in his G4 private jet with two members of his entourage

According to GQ magazine, Mayweather spends $12,000 per week at his favorite Japanese restaurant. As delicious as Japanese food is, that's $48,000 per month, $576,000 per year at the same restaurant. This is in addition to other restaurant and food bills Mayweather racks up, plus personal chefs at his home and that of the mother of his children. He spends roughly a million a year on clothes for himself and his women as well. In short, Money May is running up some serious bills.


 
Floyd Mayweather's his and hers purchasing sprees is putting a dent in his finances

With all of Mayweather's wild spending, reminiscent of heavyweight champion Mike Tyson, who blew threw $150,000,000 in the 1980s and 1990s, ending up broke for a time, until he made a comeback and began spending more wisely, is Floyd headed for financial disaster.





More his and her purchases by Mayweather for himself and Shantel Jackson, who's not even his wife (Mayweather is getting played!) 

Mayweather has spent millions on fiancée Shantel Jackson, who cheated on him. They've been together for 4-years, engaged for three and still haven't gotten married. They are clearly not compatible. Does she even love you? No. Do you even love her? No. I think you love how she looks (and looks fade), which is a terrible foundation to build a relationship or marriage on, because that will not last.




Shantel Jackson, a very materialistic rumored former call girl, is used to sleeping with men for money and gifts such as jewelry and designer handbags

Not to mention, you're still harboring feelings for the mother of your children, Josie Harris, who by the looks of it is your true love that you keep going back to sexually and emotionally. That's who you should marry.

That's clearly who you love. At least Harris loved you when you were broke and unknown. She was with you when you had nothing to give her and no fame for her to bask in. Yet, she dated you. That's real love, not materialistic women you have to buy, like Jackson and Queen Princess Love, who vicariously throw your name around on Instagram and Twitter for attention.



Mayweather's $6,500,000 in watches




Millions more in Mayweather jewelry

Mayweather may think anyone who writes about his wealth wants his money, but that's not it. I don't want Mayweather's money nor am I resentful of his wealth. At the end of the day, to see someone come from an impoverished background, work hard to amass a sizable fortune, then get taken advantage of by gold diggers and hangers-on is sad.




Floyd Mayweather's beautiful kids with Josie Harris

So is engaging in excessive spending, which reminds me of others who've walked that same path and lost everything. No decent person would want to see that happen to another. Not to mention Mayweather has kids. What's going to happen to them if he goes broke. They need a trust fund. Furthermore, these displays of materialism and constant boasts about money are not good for children to witness, as it will give them the wrong impression about life, love and money.