50 Cent
Rapper 50 Cent has been hit with a $17,200,000 court
judgment, in favor of Sleek Audio. The company approached 50 Cent to
front a line of headphones. 50 Cent stole their design, which is
copyright and trademark infringement, then tried to get a deal with
another company using the stolen intellectual property.
Sleek Audio sued and won a court judgment of
$17,200,000 and 50 Cent refused to pay. Sleek Audio's lawyers moved
to the next step - they garnished his bank account, freezing the
funds they found. 50 Cent states he plans to appeal the court's
decision. In the meantime, some of his funds are tied up in the
garnished bank account and if the judgment is upheld the money will
be permanently gone.
STORY SOURCE
50 Cent Bank Account FROZEN
12/1/2014 3:20 PM PST BY TMZ STAFF - 50 Cent can't
get 50 cents out of his ATM, because his personal bank account is
now off limits. It seems 50 didn't pay a whopping $17.2 million
judgment over a deal he made to market headphones for a company
called Sleek Audio. Sleek claimed 50 stole its design and then tried
marketing it on his own. The law sided with Sleek, and 50 got hit
with the massive judgment. Legal Lesson: If you don't pay a
judgment, the winner can garnish your wages and freeze your bank
accounts...
