A bankruptcy court has asked rapper 50 Cent to explain several pictures he posted on Instagram showing off stacks of cash.
Curtis “50 Cent” Jackson filed for bankruptcy last year after he was ordered to pay $7 million to Lastonia Leviston, rapper Rick Ross’s ex, in a sex tape case and $18 million to the electronics company Sleek Audio after a partnership to produce headphones failed to push through.
Leviston exposed the photos to Judge Ann Nevins during a hearing on Thursday in Connecticut, according to the Wall Street Journal.
A photo posted by 50 Cent (@50cent) on Oct 14, 2015 at 12:17am PDT
The rapper posted photos of bundles of cash in his fridge and bedroom on Instagram. He also posed with the money on the floor spelling out the words “broke.”
“I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Anne Nevins said at the Feb. 18 hearing. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.”
She noted that bankruptcy is a means for “honest, but unfortunate” people to get a fresh start.
A photo posted by 50 Cent (@50cent) on Oct 14, 2015 at 3:17am PDT
His lawyers explained that his Instagram and other social media accounts are for the artist’s brand promotion only and should not be taken as actual flaunting of wealth.
“By including pictures from [Mr. Jackson’s] social media accounts and implying that 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,” his lawyers said.