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Tuesday, December 2, 2014

50 Cent Bank Account Frozen!!!

Business deal: 50 Cent is shown in December 2011 in New York City promoting his line of Street By 50 headphones
According to TMZ, 50 Cent's bank account after failing to pay a $17 million judgment against him.

The 39-year-old rapper back in April was ordered to pay Florida earphone manufacturer Sleek Audio nearly $4.5 million in attorney fees and $12 million in damages over a failed business deal.

A source close to 50 Cent, real name Curtis Jackson III, said the rapper had complete access to his business accounts but his personal account was frozen, according to an article on Monday by TMZ.

According to reports, Jackson has been selling headphones of a similar design under the 50-Over line with Florida manufacturer SMS Audio since breaking with Sleek in 2011.

An arbitrator in July ruled against Jackson and damages in the case were based on SMS net profits over three years.

Forbes business magazine in May estimated that Jackson has a net worth of $140 million.

Pay the damn people their money!!!

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