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Wednesday, August 5, 2015

50 Cent to Appear in New Haven CT Bankruptcy Court on Wednesday

Rapper 50 Cent, born Curtis James Jackson III, is due back in bankruptcy court tomorrow (Wednesday).
While the rapper is claiming he's broke --- 50 owns seven cars valued at more than $500,000 (including a 2010 Rolls Royce and a 1966 Chevrolet coupe) and pays $72,000 a month to maintain his Connecticut mansion, according to bankruptcy court papers.  He is also claiming losses of more than $10 million last year and in 2013.  Expenses of $108,000 a month include $5,000 for gardening.
According to the papers filed, his  Farmington, Connecticut property is his most valuable, listed at almost $8.3 million.
Ironically, 50 filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted online a sex tape she made with a boyfriend.
We always knew 50 was a great business man.  Is this a brilliant strategy or just a ploy to not pay?
It doesn't work that way Curtis....

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