50 Cent’s Judge Wants to Know How He’s Broke After Discovering His Instagram
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.
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.”
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.
Support our Journalism with a Contribution
Many people might not know this, but despite our large and loyal following which we are immensely grateful for, NextShark is still a small bootstrapped startup that runs on no outside funding or loans.
Everything you see today is built on the backs of warriors who have sacrificed opportunities to help give Asians all over the world a bigger voice.
However, we still face many trials and tribulations in our industry, from figuring out the most sustainable business model for independent media companies to facing the current COVID-19 pandemic decimating advertising revenues across the board.
We hope you consider making a contribution so we can continue to provide you with quality content that informs, educates and inspires the Asian community.
Even a $1 contribution goes a long way. Thank you for everyone’s support. We love you all and can’t appreciate you guys enough.