Bankrupt Rapper 50 Cent Struggling To Sell Mansion For 8-Years Drastically Drops The Price Of House

50 Cent lying under oath in what is a crime

Bankrupt rapper 50 Cent, real name Curtis Jackson, has been struggling to sell his $18,500,000 Farmington, Connecticut mansion for 8-years. He has repeatedly dropped the price, to where it currently sits at $8,500,000. However, still no one wants to buy it, as it simply is not a good value for the money.

50 Cent's mansion in Connecticut

The property is also very overdone and nouveau riche, thanks to the changes he made to the mansion (a disco and casino, among other things). If a potential buyer cannot get past gaudy items the home owner has installed, they will not envision themself buying the property. It's always a good idea to use good taste when renovating and decorating a home. 

50 Cent's mansion in Connecticut

In spite of the fact 50 Cent is currently in bankruptcy court, trying to illegally dodge two lawsuit judgments obtained against him, he has been showing off his soon-to-be-completed mansion in Africa. However, said asset should be subject to bankruptcy court proceedings, as he owes many creditors.

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Another Boxer Sues To Leave 50 Cent's Failed SMS Boxing Promotions Company With Others Motioning To Do The Same

 

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Another Boxer Sues To Leave 50 Cent's Failed SMS Boxing Promotions Company With Others Motioning To Do The Same

Canelo Alvarez, 50 Cent and boxer James Kirkland

Boxer, Yuriorkis Gamboa, has sued to leave SMS boxing promotions, owned by bankrupt rapper, 50 Cent. A few months ago, boxer James Kirkland, also sued to get out of his contract with the failed company. Gamboa states in a court filing that 50 Cent, real name, Curtis Jackson, has failed to secure the promised number of fights per year. This means Gamboa is not earning much money and valuable, important years of his boxing career and youth are being wasted at SMS.

50 Cent 

The Judiciary Report has warned for years via articles that entertainers and athletes should get the right team, seeking contractually retained representatives, who have great contacts and a vast knowledge of business. You have to make the most of your opportunities in sports while you are young, as it will set the most favorable foundation for your growth. While being in your 30s is not considered old, in sports it is deemed so. Mayweather and Pacquiao, performing in top condition and making huge sums of money in their late thirties is not the norm in sports. They are the exception to the rule.

Yuriorkis Gamboa

Maximize your career in sports while you are young and fit. Most athletes will tell you, when you hit 30, your body will change regarding athleticism. You start to feel aches and pains more after training. The body also starts to slow down athletically. You can't waste years of your career with someone who does not know what they are doing, diddling around trying to figure things out or making it up as they go along (i.e. Jay Z's Roc Nation Sports/Boxing and 50 Cent's SMS). You need sharp, intelligent, experienced businesspeople with connections, who can get you where you need to be as quickly as possible, then you can build on your success at a greater rate.  

Boxing Star to 50 Cent YOU FAILED ME Lemme Outta My Damn Contract

9/30/2015 2:26 PM PDT- Another huge blow to 50 Cent's boxing promotion company -- because the organization's biggest boxing star, Yuriorkis Gamboa, officially wants out ... TMZ Sports has learned. The former WBA and IBF featherweight champ says he's had issues with SMS Promotions for months ... claiming the company was contractually obligated to deliver 3 fights per year ever since he came on board in 2012 ... but SMS has FAILED miserably.

In fact, Gamboa only fought once in 2013, twice in 2014 ... and has no fights in 2015. It's all outlined in court docs filed by Gamboa in Connecticut and obtained by TMZ Sports ...in which Gamboa says his team contacted SMS to negotiate the termination of his contract earlier this year, but he got no response. Now, he wants a judge to force 50's company to answer the phone and let Gamboa know if they're gonna let him go ... or try to deliver the fights...

http://www.tmz.com

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Is 50 Cent Abusing The Bankruptcy Court After Filing Then Going To The Strip Club Throwing Money At Strippers

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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

Is 50 Cent Abusing The Bankruptcy Court After Filing Then Going To The Strip Club Throwing Money At Strippers

50 Cent

Rapper, 50 Cent, real name Curtis Jackson, has been the butt of many jokes on social networking this week, for previously making fun of many rappers he referred to as broke, only to file bankruptcy for himself and his boxing company SMS. The rapper is not happy with the jokes and sent out a warning that he is keeping track of people who are making fun of his financial predicament. However, he did this to other entertainers when they were having money issues. What goes around comes around.

50 Cent has filed for chapter 11 bankruptcy, which is to reorganize his debts, provide 6-months of protection from creditors and to have portions of his debt wiped out via court order. When one petitions the bankruptcy court, one must be honest and forthcoming about the state of one's finances. So it came as no surprise when social networking questioned the fact 50 Cent filed bankruptcy, then days later went to the strip club throwing money at ho..., uh, I mean strippers. It's not a matter of how much money he spent at the strip club, but the fact he filed bankruptcy then did this, disrespects the court. It's the principle of it. If he's not careful, the bankruptcy trustee is going to heavily scrutinize his filing and could deny him protection.

Lastonia Leviston

The main items 50 Cent is trying to dodge are the two lawsuits he lost in court, after juries sided with the Plaintiffs in each legal action. In the case Sleek Audio v. Jackson (50 Cent), he was slapped with a $17,200,000 judgment for stealing the company's headphones after they were pitched to him and renamed it SMS Audio. In the case Leviston v. Jackson (50 Cent), the rapper was ordered to pay, Lastonia Leviston, who is the mother of Rick Ross' child, $5,000,000 for posting to his site a private sex tape she made with her boyfriend. Based on reports, 50 Cent also maliciously added inappropriate comments to the video.

The whole thing was aimed at hurting Ross. However, Leviston has a child, who will have to deal with the fact an illegally released sex tape of his mom is on the internet. Not to mention the trauma she went through when she realized 50 Cent uploaded the video to the internet without her consent. 50 Cent deserved to be slapped with the $5,000,000 judgment, if not for Leviston, for her child.

Side Bar: When singer, Toni Braxton, filed for bankruptcy (twice), it was after she legitimately earned her money, but overspent on the first go around. The second time she had taken on a big debt load, seeking to pay for it with a very lucrative residency in Las Vegas, but fell ill. Each time the bankruptcy court seized some of Braxton's belongings and sold them to pay her creditors. 50 Cent should not be treated differently, as he caused other people financial and emotional injury via unlawful behavior, leading to lawsuits and verdicts against him.

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50 Cent's Boxing Company Files For Bankruptcy

Canelo Alvarez, 50 Center and his boxer James Kirkland

This is a follow up to the May 11, 2015  article "Canelo Alvarez Knocks Out James Kirkland In An Exquisite Boxing Match That Is The Talk Of Social Networking (Video)" where the Judiciary Report stated, "What's with all these rappers trying to become boxing promoters. Boxing is not an easy sport. Between rappers 50 Cent and Jay Z's poor results, it's clear they don't know boxing."

This week 50 Cent's boxing company SMS, has filed for bankruptcy in America, where it is registered as a corporation, confirming the Judiciary Report's claim regarding rappers rushing into boxing and not knowing what they are doing. The website TMZ stated 50 Cent's company put on a pricey boxing show in Connecticut recently that failed. Prior to that, 50 Cent's boxer, James Kirkland suffered a massive knockout in the ring at the hands of pugilist Canelo Alvarez.

As the Judiciary Report has stated in past articles, boxing is a very difficult sport. In my opinion it is probably the most difficult. It is a singular sport, where the athlete stands alone and places his life on the line in the ring. You have to know what you are doing to succeed at it and have the right team behind you, who are experienced and intelligent. 

Boxing is not something to be taken lightly, as it involves a great amount of risk to life, health and career. Boxing matches and pugilists' careers must be handled with great care and proper planning. It takes people of great understanding of the sport of boxing to properly navigate careers and build champions. A significant amount of hard work goes into creating championship careers.

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Canelo Alvarez Knocks Out James Kirkland In An Exquisite Boxing Match That Is The Talk Of Social Networking (Video)

Rapper 50 Cent Hit With Criminal Charges For Domestic Violence Against The Mother Of His Child

Daphne Joy, who ironically looks like reality star Evelyn Lozada, also the subject of domestic violence   

Rapper 50 Cent has been hit with one count of domestic violence and four counts of vandalism for kicking Daphne Joy, the mother of his baby. 50, real name Curtis Jackson, erupted in rage in Joy’s Toluca Lake, California condo and went after her. Joy locked herself in her bedroom, but 50 Cent broke down the door and proceeded to kick her. He is also accused of destroying furniture and lighting in Joy’s condo, trashing the place.

50 Cent

This isn’t the first time the rapper has been accused of property damage in relation to one of the mothers’ of his children. Previously, Jackson was implicated in an incident, regarding one of his homes burning down, while the other mother of his child, Shaniqua Tompkins and son, were present. They had to flee through a window, barely escaping with their lives. The incident occurred after a public dispute where he tried to evict Tompkins to no success.

50 Cent and his oldest child Marquis (who is now 17)

Coincidentally, 50 Cent’s former friend, box Floyd Mayweather, was arrested and sentenced to jail for beating up the mother of his children in an unprovoked incident. These violent, misogynistic attitudes towards women need to change. Just because a woman says something you do not like, does not give one the right to beat her.