Lil Wayne's Mansion In Miami Raided By Police Who Seize His Assets

Lil Wayne

The $10,000,000 Miami mansion owned by Young Money rapper and drug addict, Lil Wayne, real name Dwayne Carter, was just raided by police. The authorities are in the process of seizing everything they can in the house, to satisfy a $2,000,000 court judgment against the rapper, resulting from a lawsuit brought by private jet company Signature Group in Miami. Lil Wayne leased a jet from the company he instructed them to customize to his specifications, but then failed to make any payments for over a year. This resulted in a lawsuit Wayne lost. Wayne has also failed to pay his layer $200,000 in legal fees for representing him in the case he lost.

Lil Wayne and fellow thief Birdman

Police deputies arrived at the property on La Gorce island, but were denied entry by Wayne's security guard. The police utilized the court order in their possession to raid the mansion and seize Wayne's assets which will be given to Signature Group to help satisfy the court judgment. The company will likely hold an auction to liquidate the seized assets, while select items will be sold to private companies who specializes in such purchases.

Lil Wayne could have filed bankruptcy, which would have granted him protection for at least 6-months and given him the ability to rearrange his debts and repay creditors under a plan. Some debts could have also been wiped out. However, he was too busy partying at a strip club in Los Angeles and Miami sheriffs raided his property.

Lil Wayne, a prodigious copyright thief, also owes the city of Miami over $200,000 in unpaid taxes, as previously reported on the site. The city is allowed to foreclosure on the home after 2-years of tax non-payment. The contemporary mansion still has a mortgage on it. Wayne has been making payments on the home for the past 4-years and in that time, there has been an uptick in home prices in Miami. However, Wayne did overpay for the mansion when it was purchased. Therefore, there may not be much equity in it.  

 

At the end of the day, Wayne was living a lifestyle he is not financially entitled to in any measure. Wayne is a prodigious copyright thief, who has been sued by veteran musicians, as well as newer songwriters and producers, for willfully stealing their copyrighted work, for undue financial gain. Wayne is also not paying his Young Money artists their correct royalties. They have sold millions of singles and albums and have not been paid even 20% of what they are owed under existing contracts. Their artists are struggling to buy homes and cars, opting to lease to keep up appearances.

Young Money's parent company, Cash Money, is even worse, ripping off artists, songwriters, producers and musicians, to the tune of millions, to allow its owner Brian Williams ("Birdman") to live in absolute luxury. Any way you slice it, this type of unethical behavior from Young Money and Cash Money constitutes copyright infringement (thefts of copyrights), fraud and grand theft larceny. Once again, Hollywood is an industry of thieves. If Congress properly regulated Hollywood, these disgraceful financial crimes would not be happening and damaging so many people.

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Bill Clinton And Hillary Clinton Accused Of Hiding Money As $50 Million Disappears

Chelsea Clinton, Bill Clinton and Hillary Clinton

Forbes magazine has done a piece on the finances of former U.S. President, Bill Clinton and his wife, current presidential candidate, Hillary Clinton. Forbes estimates the Clintons earned more than $230,000,000 since departing the White House in 2001. These figures were complied using tax records, advisory fees and salaries derived from speaking engagements in America and around the world.

However, Forbes now states, “If the Clintons made $230 million, spent $135 million and have just $45 million left over, what happened to the other $50 million?” The top accountants queried for the article were baffled. Either the Clintons’ gave their daughter Chelsea the money, to avoid a bigger tax payment when Bill dies or the couple is hiding money (though Bill does have a lot of side chicks - this could be where the money went - I‘m kidding).

Side Bar: an investigative piece years ago revealed the fact the Clintons have offshore accounts in the Cayman Islands.

STORY SOURCE

The Mystery Of Hillary's Missing Millions

Sep 29, 2015 @ 08:30 AM - Since Bill and Hillary Clinton left the White House in 2001, they have earned more than $230 million. But in federal filings the Clintons claim they are worth somewhere between $11 million and $53 million. After layering years of disclosures on top of annual tax returns, Forbes estimates their combined net worth at $45 million. Where did all of the money go? No one seems to know, and the Clintons aren’t offering any answers.

From 2001 to 2014 the power couple spent $95 million on taxes. Hillary’s 2008 presidential run cost her $13 million. Their two homes cost a combined $5 million, and the Clintons have given away $22 million to charity. All of this is according to FEC filings, property records and years of tax returns. Add it up and you get $135 million. If the Clintons made $230 million, spent $135 million and have just $45 million left over, what happened to the other $50 million?

“That’s kind of strange,” says Joe Biden’s accountant, Walter Deyhle. “You have to report all of your assets. You have to report assets that are owned by your spouse.” It seems unlikely that the Clintons could have spent all of it. Over 14 years $50 million averages out to $3.6 million in extra expenses per year, or $9,800 per day...

 

http://www.forbes.com

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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

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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Beyonce And Jay Z Sticking Together Hoping To Be Worth $1 Billion But The Numbers Say Different

Jay Z and Beyonce

Reports on pop culture websites indicate singer Beyonce has been seeing advisers regarding the public implosion of her marriage to cheating rapper, Jay Z. Thanks to inflated items on rich lists, the couple have been propagating the myth they are worth $1 billion dollars. The fact of the matter is they don't even have $200,000,000 in cash and assets between them, let alone $1 billion. Just two years ago Jay Z was in financial trouble, with bad credit and was and continues to spend his wife's money. 

Many public figures have stated rich lists published by magazines are incorrect. They project what they think a person can earn over time coupled with what they estimate their current assets, usually mostly intangibles, are worth. Jay Z's adultery with protégés Rihanna and Rita Ora among others, has greatly damaged the couple's brand. The cat came out of the bag due to globally mocked elevator fight between Beyonce's sister Solange, who repeatedly punched, slapped and kick Jay Z over his affairs.    

Their current on the run tour has suffered from weak ticket sales in the face of the scandal. The duo charged exorbitant amounts, in many cases five to ten times the sum per ticket that similar artists in their genre do for concerts. Damage control consultants and famous friends of the couple have done their best to mitigate the damage. However, as they say, the damage is done.

Do Kim Kardashian And Kanye West Need A Prenup

 

Kanye West and Kim Kardashian

It was recently announced that reality star Kim Kardashian is engaged to rapper, Kanye West, who is the father of her child North West. The two have made a string of high profile appearances together and stage mom Kris Jenner has been butting into his career as well.

The couple are in the process of getting their new home ready. Much has been invested in the relationship by way of finances. Some are questioning if the couple need a prenup. Kardashian currently has more money than West. In the event the two actually do marry and it ends in disaster like her last marriage to NBA basketball player Kris Humphries, would West try to take some or all of her money.

When West gets mad and has a tantrum, acting like a girl, anything could happen. Kanye may take everything down to the tampons in the house (ok, that joke was wrong, but you guys know Kanye would do it). So in short, they need a prenup.

Sheree Whitfield Lost Her Sports Car And Equity In Her Unfinished House As Her Ex-Husband Hides His Assets

Sheree Whitfield

Reality star, Sheree Whitfield, who was just dropped from the "Real Housewives Of Atlanta" has experienced a rough few months. Not only did she lose her $100,000 Aston Martin to the repo man, the IRS slapped her with a $40,000 lien, placed against her unfinished mini-mansion Chateau Sheree, in Atlanta, Georgia.

New season cast photo without Sheree

Her divorce lawyers also won a $100,000 judgment against her for unpaid legal fees. This was not a good development for Whitfield, which can result in bank account and wage garnishments. At the rate she is going, Whitfield may have to file bankruptcy, as debts are mounting with no real income to repay them.

Chateau Sheree in Atlanta sits unfinished (Photo Credit: Straight From The A blog)

Whitfield, like so many other women in the Housewives series are living outside their means to keep up appearances to the public. Whitfield's ex-husband, football player, Bob Whitfield, is hiding assets from her, stemming from his NFL pension, recording studio and homes he purchased during the marriage. With her income sources drying up and kids to care for, Whitfield finds herself in a serious financial predicament.

Usher's Ex-Wife's Greedy Demands During Custody And Alimony Case Exposed

Tameka Foster and Usher Raymond before their divorce

Recently court proceedings have exposed the fact, Tameka Foster, singer Usher Raymond's ex-wife, demanded he buy her a multi-million dollar mansion in Atlanta, Georgia. This is in addition to a Saks Fifth Avenue credit card she demanded Raymond reinstate. Following the phrase, Foster tried take Raymond for all he's worth. So much so, Raymond tried to hide some of his assets from the court, while understating others, to keep Foster's fingers off his money. 

It seemed to many that Foster was using her kids to extract as much money as possible from Raymond, in court proceedings and personal spats that have gotten so ugly, their children became involved. Foster used them as pawns online, posting pictures of them on Twitter, whilst complaining about their dad. Based on her words, Foster told them unsavory things about Raymond, which was not in their best interests, as they are little boys.