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... 

http://www.rhymeswithsnitch.com

Go Daddy’s Preparing For IPO As Their Customers Are Being Gouged

 
Go Daddy

Go Daddy became a name in domain registration and hosting, as they started off as a small company, offering the lowest prices. As a result, they gained many customers and the company gained billions in revenues. 

However, Hollywood stepped into the picture, nagging and harassing Go Daddy to support such items as SOPA and do their bidding in removing sites from the internet (canceling hosting) the entertainment industry took issue with (some for copyright infringement, other over free speech in conduct that is unconstitutional and fraudulent). As a result ,Go Daddy lost 40,000,000 in one month. Since joining forces with Hollywood, GO Daddy has been steadily loosing hundreds of millions of dollars per year, as attested by published company financial data revealing the significant losses. 

The ironic thing is Go Daddy is worth more than each studios in Hollywood, yet they‘ve allowed them to lead them down a bad business path. Hollywood and the music industry have been experiencing record revenue declines, several on the brink of financial collapse, yet this is who Go Daddy is listening to in the business world, to take them down with them.

Now in preparation for its IPO, Go Daddy has been gouging customers. People chose their service for the low prices. However, Go Daddy has raised the prices of domains. They’ve also cancel renewal coupons customers rely on to gain discounts on their domains. As it stands, Go Daddy is no longer the lowest price domain and hosting company. They’ve raised prices on products between 15-70%. That’s no way to do business. That’s how you lose customers.

Go Daddy has a lot of disgruntled customers due to these price hikes, who are online vowing on various sites, to take their business elsewhere. Go Daddy needs to get it together before they make this IPO, lest it turn into a disaster over customers who are headed for the door.

STORY SOURCE

GoDaddy Files for U.S. IPO of Internet Domain Name Marketplace

Jun 10, 2014 12:01 AM ET June 20 (Bloomberg) - Bloomberg’s Leslie Picker reports on GoDaddy’s IPO plans and looks into the company’s business history and how it may use cash gained from the offering. She speaks on Bloomberg Television’s “Market Makers.” “It’s Go Time” for GoDaddy Inc.’s initial public offering. The tag line from the company’s advertisements also reflects the beginning of its official process to tap the public markets. GoDaddy, based in Scottsdale, Arizona, filed with a $100 million placeholder, without specifying the number or price range of shares it will sell, according to yesterday’s prospectus. Those details will be provided closer to the IPO. 

The company has raised its profile in recent years with advertising campaigns featuring celebrities like race-car driver Danica Patrick and Israeli model Bar Refaeli. Almost 13 percent of the $1.1 billion GoDaddy posted in revenue at the end of 2013 was spent on advertising and marketing. The company’s loss narrowed last year to about $200 million, from $279 million in 2012, according to the filing. At the end of last year, GoDaddy had 57 million domains under management, the filing shows. The company derives most of its revenue from selling the domains and Web-hosting products... 

http://www.bloomberg.com

Karrueche Tran Is A Money Earner While Chris Brown Is On Lockdown In Rehab

 

Chris Brown and Karrueche Tran

Chris Brown has been spending the past several weeks in rehab on judge's orders, unable to work at full capacity. While he is receiving royalties, his income is not at the level it would be if he were free and doing shows and making public appearances. However, during that time, the singer's girlfriend, Karrueche Tran, has stepped up to the plate.

Karrueche Tran

Tran has been making more sponsored public appearances and signing more endorsements. It Girls of Tran's popularity can get paid $10,000 to $50,000 per appearance, as well as financial incentives for plugging items online. Tran has also done modeling assignments to boost her income. Tran's fashionline is set to launch shortly as well, which could mean more revenues.

Bank ATM Fees To Hit $5!

Are They Smoking Crack!

Automated Teller Machine (ATM)

I read a distressing article today that has left me upset. No, not Obama's plummeting approval ratings, due to unemployment (hey, I told him so). I read banks are going to hike ATM fees to $5 per transaction. To think, after I gave them my $20 to manage, this is how those traitors at the bank repay me.

It's not that I'm cheap ok, it is because I'm cheap, but I don't like ATM fees. I go to great lengths to avoid them. I am the queen of dodging ATM fees. I'm the Pele, Jackie Robinson, Michael Jordan and Dan Marino of dodging ATM fees - nobody does it better than me.

This means I'm the queen of cash back. That's right. I'm the fool holding up the line at Walmart and Walgreens, using the debit card checkout machine as an ATM. I will buy Tic Tacs and a diet soda and get the maximum amount of cash back available ($40-$100). I have turned it into an art form.

If I do use the ATM, it is the one attached to my bank, to avoid said fee. Why? if you have to run to an ATM every time you need money, you're going to rack up $20.00 or more in fees every month, which could be better spent on something else.

New York Times To Charge To Read Site

New York Times

The award winning New York Times newspaper, has announced their website will no longer be free in any measure, as they will begin charging the public to read articles online or by mobile phone. Aww, I'm gonna miss reading their paper (LOL).

Bloggers have put some newspapers and magazines out of business. People increasing rely on blogs for news, rather than actual newspapers. This prompted major papers to open their own blogs, but it just wasn't the same, as it has been too corporate to fit in the blog structure.

Newspapers and magazines will have to rely on ad revenues online to compensate and compete. Technology has changed the newspaper and magazine game and they have to adapt. Look at the bright side. It's not as bad as what Napster did to record stores.

The Kardashians Sued For $75 Million

Kourtney, Kloe and Kim Kardashian

Reality TV stars, the Kardashian sisters, who loaned their image and likeness to a debit card, which spectacularly collapsed when the trio were forced to back out of the deal, due to a criminal investigation by Connecticut's State Attorney's Office, have been sued by the finance company backing the venture.

Revenue Resource Group is trying to take away Kim Kardashian's butt implant money

Revenue Resource Group have slapped the sisters and their mother, Kris Jenner, with a $75,000,000 breach of contract lawsuit. Would you look at all those zeros. Anyhoo, the deal was slated to last two years and the card's abrupt closure has left Revenue Resource Group with expenses and losses.

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The London Student Riots

Warning: video contains violence, profanity and graphic images

Rise in tuition fees sparked riots in London last week. While the increased tuition fees are regrettable, the Judiciary Report urges calm. The site is in favor of the accelerated 2-year degree, which would save money, as opposed to the 3-year degree, in addition to a reworking of finances to help students.

The newly elected Coalition government, have made great and useful budget cuts, which are setting Britain back on the right financial path. They should be commended for that. However, it is my hope some additional reviews can be made to help the students somehow. It is imperative future Britons be educated to the highest standards, as that is what they have come to expect. Britain has the best literacy rate in the world and should strive to maintain educational excellence.

Kardashian Kard Closed

In the November 27, 2010 article Attorney General Slams Kardashian Credit Card the Judiciary Report commented that "The Attorney General's legal inquiry has drummed up a lot of bad publicity for the Kardashian Kard." The family released a letter today stating they dislike the "negative spotlight" and have closed the Kardashian Kard.

STORY SOURCE

Kardashians 'Terminate' MasterCard Deal

11/29/2010 1:30 PM PST - The Kardashian family has officially pulled the plug on the new "Kardashian Kard" -- a prepaid debit card backed by MasterCard -- over allegations that it's riddled with hidden, possibly illegal fees.

The family fired off a "Notice of Termination" to the companies behind the Kard moments ago -- stating they're sick of the "negative spotlight" since the Attorney General of Connecticut opened an investigation to determine if the Kard violates consumer protection laws...

http://www.tmz.com

Attorney General Slams Kardashian Credit Card

Connecticut Attorney General, Richard Blumenthall, has slammed the Kardashian Kard, as a rip off with excessive and exorbitant fees. The reality TV show family behind the program "Keeping Up With The Kardashians" is under scrutiny for releasing it as a "prepaid" card to control debt, whilst taking massive fees from consumers.

Blumentahall called the card "outrageous" and stated it is taking advantage of teens. The Attorney General's legal inquiry has drummed up a lot of bad publicity for the Kardashian Kard, with a number of websites warning the public away from it.

STORY SOURCE

AG Blumenthal Rips Fees Linked To 'Kardashian Kard'‎

CT AG: 'Kardashian Kard' fees "outrageous"

Consumer Alert: World Financial Capital Bank

World Financial Capital Bank is currently the greediest, most unscrupulous credit card lender in America. Their practices fly in the face of legislation the U.S. Congress has enacted to protect consumers.

Their fees, service charges and interest payments, are well beyond anything anyone could call reasonable or acceptable business practices. They have enacted so many time consuming and complex rules, structured to trip up consumers, it ensures World Financial Capital Bank, will collect millions of dollars in undue penalty fees, from card holders they fail to properly and adequately inform of the constant changes to their accounts.

If one mails in one's payment in a reasonable amount of time, according to acceptable national standards, World Financial Capital Bank, will state it arrived late, blame it on the U.S. Postal Service and assess exorbitant late fees.

In 2010, they cancelled their automated check by phone system that allowed customers to pay their bills over the phone and changed their work time, closing 3 hours earlier. Therefore, anyone that called World Financial Capital Bank at or after 9PM, found no automated pay by phone system, no employees to accept their credit card payments and their accounts slapped with a $30 late fee, which was vile. However, it raised millions in revenue for the company, at consumers expense.

It is due to companies such as World Financial Capital Bank that Americans are unable to get out of debt and end up in bankruptcy. Yet, their unscrupulous business practices, which constantly gouge millions of American credit card holders, who have publicly complained in many online forums, have gone unpunished by the Federal Trade Commission.

The Obama Administration, much like the Bush government, is unwilling to financially punish such companies as they deserve, with millions in fines and penalties, for the terrible business practices they utilize in harming the American people.

ONLINE COMPLAINTS:

World Financial Capital Bank & Blair Catalog customers targeted by predatory lender World Financial Capital Bank

BBB processed a total of 238 complaints about World Financial Capital

Report: World Financial Capital Bank

Venue charges disabled man for cancelled plasma TV order; credit card company issues refund

World Financial Capital Bank no longer accepting next day payments online