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I just heard a radio interview on him. This dude puts all his money in his companies not on his name so if you HIM then you probably are not going to get that much $$$. It's a smart con. If he needs money then he can have the company pay him a bonus, etc.
He claimed, "50 cent is broke but not his companies."
I just heard a radio interview on him. This dude puts all his money in his companies not on his name so if you HIM then you probably are not going to get that much $$$. It's a smart con. If he needs money then he can have the company pay him a bonus, etc.
He claimed, "50 cent is broke but not his companies."
LOL you cannot shield assets this way. The court can force you to liquidate positions in corporations if they are holding excess unpaid equity structured to avoid situations like this. It is a junior league move to hide assets if so.
Not the first celebrity to go bankrupt, won't be the last. Bad investments, lavish spending habits or corrupt management have bankrupted many. He can still do film or go on tour so he's not down for the count. He took a 5 million dollar hit for the sex tape which did not help either in this case.
Sex tape? His or someone else's? I never heard about that. C-D is more educational for me than college ever was. . .
Sex tape? His or someone else's? I never heard about that. C-D is more educational for me than college ever was. . .
It was a Rick Ross sex tape and 50 provided color commentary over it. The stupid thing is 50 didn't even defend the lawsuit, so the $$ were awarded by default judgement. He was likely planning to file for bankruptcy all along.
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