And eating a popsicle?
While he might be eating a popsicle because they’re delicious, it is hard to wrap my head around why 50 Cent‘s snuggling up to a big bed o’ cash if he’s SO BROKE, know what I mean? And his judge felt the same way.
Sure, 50 has a long history of posting photos of himself with stacks of cash on social media- and he’s kept it up into his bankruptcy biz, with an even more aggressive air. Some of his creditors alerted the judge to 50′s many Instagram posts featuring tens to hundreds of thousands in cash, and the judge wants fiddy to ‘splain it to him:
Judge Ann Nevins told the 40-year-old entertainer’s lawyer that his Instagram photos are raising questions about whether he is being truthful about his financial situation.
“I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Nevins said at a hearing Thursday in Hartford, Conn., on Thursday. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.” She added that bankruptcy is a place where “honest, but unfortunate” people can get a fresh start.
Earlier court papers put a spotlight on three pictures of 50 Cent, whose real name is Curtis James Jackson III, with bundles of cash. One picture showed cash piles in his fridge.
And another showed him cuddling with them in bed. He also bragged on Instagram about buying a home in Africa.
The photos were flagged by Lastonia Leviston, who won $7 million in a sex-tape dispute but hasn’t been able to collect that money since Mr. Jackson filed for bankruptcy last summer. Two other groups—Mr. Jackson’s mortgage lender and a partner in a failed headphone deal owed roughly $18 million—joined her in a fight to have an outside financial professional manage his money until he pay off the $30 million he owes creditors.
In response to the social media posts, Mr. Jackson’s lawyers said the photos were included in court filings to “disingenuously smear” him.
“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 in documents filed in U.S. Bankruptcy Court in Hartford, Conn.
“All his income was reported,” he told Judge Nevins.
(Wall St. Journal via NY Daily News)
Also on 50′s Instagram are pictures of his Porsche, Ferrari, motorcycle, and like, tons of gold. Not sure why he’s not ordered to sell that off, but all of this sounds like total BS to me. Rich people- they think they can get away with ANYTHING.
Posted Monday, February 22nd, 2016 at 10:10am
Filed under 50 Cent