Rapper 50 Cent, real name Curtis James Jackson III, has been ordered back to bankruptcy court, after flashing stacks of cash on Instagram. As you may recall, the music mogul filed for bankruptcy shortly after he was ordered to pay $7 million in a sex tape suit filed by Lastonia Leviston, Rick Ross’ ex-girlfriend last summer.
The Wall Street Journal reports it was Leviston who brought the snaps to Judge Ann Nevins’ attention during a hearing on Thursday Feb. 18. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” said Judge Nevins, regarding her concern over whether or not the rapper’s money woes are legit. As she pointed out, bankruptcy is for “honest, but unfortunate” individuals looking to start over.
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In case you missed it, not long after the New York native filed for Chapter 11 protected bankruptcy, he was seen on social media flaunting funds stored in his fridge and bedroom. In another image, he can be seen laying on the floor spelling out the word, “BROKE” with bundles of cash. As you can imagine, the new “evidence” raised a few eyebrows in the courtroom.
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Meanwhile, 50 Cent’s lawyers quickly jumped to his defense claiming the images are there to simply promote his brand (that of a “broke” rapper) and shouldn’t hold any leverage in the claim. “By including pictures from [Mr. Jackson’s] social media accounts and implying that [he] is hiding assets…the [three creditors] intentionally ignore that [Mr. Jackson] is in the entertainment and promotion business and must maintain his brand and image (or those of the products he is promoting),” his lawyers said.
When will people learn… someone is always watching? Regardless of whether or not 50 Cent was promoting “his brand,” his move was amateur and a bit arrogant. In other words ‘You can’t touch me. I’m 50 Cent, folks.’ If you’re that broke, where are the images of Ramen noodles and jars of chump change? I’m just saying. What are your thoughts on 50 Cent’s alleged financial hardships? Sound off in the comment section below.
