While T.I. and his wife, Tiny, are likely still enjoying the news that they’re expecting another baby this year, the rap legend saw a dark cloud loom over his life this week with news that he’s been accused of owing close to half a million bucks to a jewelry company.
Georgia jewelry company Aydin & Co recently filed a lawsuit against Tip, claiming that he owes them money for several unpaid pieces. In the suit, the company alleges that they delivered an 18.5 karat white gold bracelet, a ring and a yellow gold rosary to Tip in 2014. They say that Tip paid them $20K for the pieces, but he has yet to pay the remaining balance of $44K.
But that’s not all the company accuses Tip of. They also claim that Tip has stiffed them for the past decade on jewelry that he’s purchased from them. The company says that Tip has an unpaid debt of over $400K from all of the pieces he has yet to pay for.
With the lawsuit, Aydin & Co is seeking a whopping $700K from Tip.
So what does Tip think of the lawsuit? According to media sources, he thinks it’s ludicrous.
That does sound like an extraordinary bill for any celebrity and we’ll have to wait and see how this lawsuit plays out over the next weeks or months.