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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50 Cent Sued For $200,000,000 For Stealing 'Power' Television Show In Copyright Infringement Case

50 Cent keeps getting sued for stealing intellectual property, such as the headphone line he is wearing in the picture posted above

Another lawsuit has been filed against thieving rapper, 50 Cent, who is currently in bankruptcy, due to poor financial decisions, such as releasing a sex tape of a woman without consent and losing a $5,000,000 case for doing so. 50 Cent is a known entertainment industry thief, who has been sued by various people for stealing intellectual property, such as copyrights and patents. One of the worst intellectual property cases against 50 Cent, brought by electronics company, Sleek Audio, resulted in a $17,000,000 court judgment against the rapper for stealing their headphones line that was pitched to him, then slapping his failed company's name on it, SMS.

This month 50 Cent was sued by Larry Johnson, who states he wrote a manuscript in 2005 entitled "Tribulation of a Ghetto Kid" and sent it to Nikki Turner, an employee of the rapper at his company G-Unit Books. Johnson alleges that 10-years later, 50 Cent infringed his copyrighted manuscript to make the 2015 Showtime television show "Power" in which the rapper also stars. G-Unit has been hemorrhaging money in music, film and literature, with one flop after another and due to copyright infringement cases. By 50 Cent's own admission, G-Unit has lost over $50,000,000.

Johnson states there are many similarities between his 2005 copyrighted manuscript "Tribulation of a Ghetto Kid" and 50 Cent's 2015 cable hit "Power." According to the website TMZ, Johnson states his book is about the hottest nightclub in the city, where the lead character has a goatee. Johnson's pen name is "Ghost" and the main character  in "Power" is also named ghost. In Johnson's book the best friend of the lead character has a bad temper, much like Tommy on "Power." He is seeking $200,000,000 in damages, accusing 50 Cent of stealing his copyrighted manuscript.

Editorial Note: In the Aisha v. Madonna/Kabbalah Center case, I accused 50 Cent of stealing the "Southpaw" from preexisting items I authored that are under copyright. They were illegally accessed by Madonna and the Kabbalah Center via one of their hackers and used without my permission. As people who read my site and Twitter page on a regular basis know, for years I have written about boxing often (with the intent of later starting a sports company to discover new talent).

I like keeping track of what's going on in boxing because it's fun and I like to predict who will win matches and become big boxing stars, showing great potential in their early stages (I noticed recently that a lot of sports bookies are following me on Twitter, but I only write my sports predictions for fun and to sharpen/test my ability to spot talent, so I'm going to stop stating who I think will win sporting events LOL).

My parents met Ali before I was born and have been boxing fans for a long time. I was raised to love it as well. 50 Cent stole my preexisting work, it was unlawfully made into the movie "Southpaw" and I have the proof. Madonna, like 50 Cent, is a dirty savage stealing from everyone to live lavishly, full well knowing it is unethical, they are financially defrauding others and copyright infringement is a federal and international crime. Once again, Hollywood is an industry of thieves.

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50 Cent's Top Boxer James Kirkland Is Leaving His Boxing Promotions Company Leading To The Rapper Dodging His Calls

That's Not Professional 50 Cent!

50 Cent posing in front of an economy car after filing for bankruptcy

An attorney for boxer James Kirkland has made public the pugilist's desire to leave SMS boxing promotions, the company owned by rapper 50 Cent. Kirkland's attorney Mike Miller stated to the Boxing Scene website, "We're just trying to get in touch with 50's bankruptcy attorney. He won't return our phone calls to figure out what plans they have for James Kirkland. Our contract is un-assignable so he can't assign our contract to a new company or anybody else. Really I don't know what leg they have to stand on to retain our contract. I don't want to waste a hundred twenty days to find out. I'm trying to get some dialogue going to see if we can reach a mutual agreement that Kirkland goes his way and 50 goes his way and we both move on."

50 Cent, real name Curtis Jackson, recently filed for bankruptcy on two fronts. 50 Cent filed for personal bankruptcy, as well as for his fledgling company SMS. This means boxers could experience significant difficulties getting paid by SMS, if at all, as bankruptcy protection can wipe out some debts, such as what 50 Cent's company owes fighters. They could end up fighting and not getting paid the purse or not receiving money due to them for past fights.

Canelo Alvarez, 50 Cent and his boxer James Kirkland

Hanging around Floyd Mayweather, who is the richest boxer in the world, had 50 Cent thinking the boxing industry is easy with huge paydays all over the place. However, the actual reality of the sport is it requires years of hard work, patience, skill and a keen understanding of the business. It is not an easy one.

Promoters also need good instincts, not just for business, but in fight making. Not only should you be able to scout and sign great talent, you also do not put your boxer in fights they are clearly not ready for. I love boxers, God bless them, they are brave and fearless, but sometimes some pugilists will be on the "I'll fight anybody, anywhere at any time" vibe and you kindly look at them and think, "No, boo boo, you're not ready yet (LOL)." It's not an insult, it's skill matching, paired with assessing the mental and physical state of your fighter at the time.

50 Cent

A good promoter can tell such things. A novice will not be able to tell. And 50 Cent is a novice, as he put Kirkland in with boxing beast Canelo Alvarez and it damaged his career and confidence, when the latter unleashed a potent knockout. However, Kirkland and Alvarez are great fighters and it is not an insult to either. Sometimes boxers are at a bad place in their personal lives and or struggling with injury and it negatively impacts their performance in the ring. Kirkland was experiencing personal problems, changes and injury. He didn't need such a huge fight after all those problems and a layoff.   

In closing, if you're a boxer and have the opportunity to sign with a big, experienced boxing promotions company such as Top Rank, Golden Boy, Mayweather Promotions, Matchroom or Frank Warren or get the chance to work with a veteran manager like Al Haymon, do so. Make sure you sign with people who know boxing or you will have problems and not reach your full potential in the ring or at the bank. 

Side Bar: Why doesn't Lennox Lewis have a boxing promotions company. He was world champ, knows how to win and made a fortune as a boxer. He knows the ropes (pardon the pun).

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50 Cent

50 Cent, real name Curtis Jackson, who once called fellow rapper Nelly a fool for buying $5,000,000 in jewelry, has filed for bankruptcy. The drug dealer and shooter, turned rap star and alleged actor, filed for chapter 11 bankruptcy in U.S. federal court, to protect himself from creditors he is unable to fully repay.

It is estimated the 40-year old rapper earned approximately $100,000,000 during his 12-year rap career (though rich lists estimated it incorrectly in stating he was worth $270,000,000). The question is where did that money go. For years Jackson has been spending money in an excessive manner. He bought a massive mansion in Connecticut from boxer Mike Tyson and extensively remodeled it. Jackson has also purchased many luxury vehicles, a fortune in jewelry and designer clothes.

50 Cent and his stolen SMS audio brand that landed him in court and on the losing side

After two albums "Get Rich Or Die Trying" and "The Massacre" 50 Cent's rap career fell. 50 Cent has appeared in a few films, but he is not a natural when it comes to acting and did not make large sums of money via the movie industry. Jackson pays child support to two women, Shaniqua Tompkins and Daphne Joy. The latter is living very lavishly in Los Angeles, California on his dime. 50 Cent has been abusive towards both women, accused of burning one out of the home he housed her and his son in, as well as beating Daphne Joy and destroying furniture in the condo he bought her.

50 Cent also got into boxing, which is not an easy sport to navigate, as the Judiciary Report has repeatedly warned. However, rappers such as 50 Cent and Jay Z have gotten into boxing, not knowing what they are doing and losing money. Not long after his foray into boxing, 50 Cent's promotions company SMS filed for bankruptcy. 50 Cent has also engaged in copyright infringement in the entertainment industry regarding songs and music videos he willfully and brazenly stole in tandem with Dr. Dre and Eminem.

50 Cent also ripped off the business copyrights and trademarks of electronics company, Sleek Audio, who obtained a $17,200,000 judgment against him in court (which largely fuelled this bankruptcy). Last week, Lastonia Leviston, an ex-girlfriend of date rape advocate and rapper, Rick Ross, won a $5,000,000 judgment against 50 Cent him for invasion of privacy, in posting to the internet a sex tape featuring her without her consent.

Canelo Alvarez, 50 Cent and his boxer James Kirkland

That's $22,200,000 in court judgments against 50 Cent, in addition to a collapsed rap career, a mediocre movie career and a failed boxing company. He was in no position to be telling people how to get money, when much of what he obtained was done through copyright infringement, trademark infringement and turning that cash over into what became failed business ventures. He is also not wise enough to watch what he says and does, as well as respect the law as it pertains to others rights, via engaging in criminal invasion of privacy.

In the bankruptcy filing, 50 Cent's lawyer stated his debts and assets are between $10,000,000 to $50,000,000. For what he obtained (albeit illegally) that is a colossal financial fall from grace. The fact of the matter is 50 Cent never should have reached the point he needed to file bankruptcy. Actually, he should not have reached the point he amassed millions of dollars in ill-gotten wealth. Greed, thievery, covetousness and wild spending led to the rapper's current predicament.

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