E.R.R

E.R.R

Tuesday, March 8, 2016

Rapper 50 Cent Tells Judge that the many stacks of cash he flaunted on Instagram during bankruptcy proceedings are fake

Rapper 50 Cent has declared that the fat stacks of cash he flaunted on Instagram during bankruptcy proceedings are fake, after a judge demanded he explain where he got the cash.The Get Rich or Die Tryin' star, whose real name is Curtis James Jackson III, posted up a series of photos and videos on the app showing himself surrounded by piles of money.But the photos sparked the ire of Judge Ann Nevins, who demanded to know exactly how the supposedly bankrupt megastar could get so much money.Fake: 50 Cent (pictured) filed for bankruptcy in July 2015, but in Instagram photos posted in October he appeared with stacks of what look like dollar bills. Judge Ann Nevins told him to explain where they came from
Fake: 50 Cent (pictured) filed for bankruptcy in July 2015, but in Instagram photos posted in October he appeared with stacks of what look like dollar bills. Judge Ann Nevins told him to explain where they came from
Money never sleeps: The images and videos show 50 Cent with piles of 'money' all around his house. He has since submitted a written statement saying it was prop money used for photoshoots
Money never sleeps: The images and videos show 50 Cent with piles of 'money' all around his house. He has since submitted a written statement saying it was prop money used for photoshoots
'I'm concerned about allegations of nondisclosure and a lack of transparency in the case,' Judge Nevins said.
But in a written declaration filed on Tuesday, 50 Cent declared that the money was prop money used for photo shoots, and that he was just trying to maintain his 'brand.'
'Hip-hop culture is widely recognized as aspirational in nature,' the declaration read. 'The standard by which artists and fans engage is commonly tied to money, jewelry, products and advertising over social media.
'Products and brands are now marketed through social media as an effective way to engage with consumers.
'Just because I am sensitive to the needs of maintaining my brand does not mean that I am hiding assets or that I have lied on my filings in this Bankruptcy Case, neither of which is true.'
Zero cents: 50 Cent, whose real name is Curtis James Jackson III (pictured taking the oath in New York  in July 2015 during a sex tape lawsuit), says that he used the fake money to promote his 'brand'
Zero cents: 50 Cent, whose real name is Curtis James Jackson III (pictured taking the oath in New York in July 2015 during a sex tape lawsuit), says that he used the fake money to promote his 'brand'
50 Cent in bed with stacks of cash after filling for bankruptcy
Loaded: 0%Progress: 0%00:00PlayMute
Current Time0:00
/Duration Time0:37FullscreenNeed Text
Judge Nevins was concerned about three pictures on the rapper's Instagram account.
The first showed a bottle of Effen Vodka, which Jackson is paid to endorse, in Jackson's fridge, surrounded by stacks of money.
The second has Jackson spelling out the word 'BROKE' in $100 bills, and the third showing 50 Cent on his bed, covered in cash.
There is also a video showing Jackson getting cheese from his money-filled fridge before asking the camera, 'What?'
Another video shows him pretending to wake up in bed, only to discover his legs are buried under a pile of notes.
The images were flagged by Lastonia Leviston, who won $7million in a sex-tape dispute with 50 Cent but hasn’t been able to collect that money because he says he is broke.
The proceedings have been ongoing since July last year.
Cold, hard cash: Another pic showed a fridge stuffed with 'money.' The images were flagged by Lastonia Leviston, who won $7million in the sex-tape dispute but cannot collect because 50 Cent says he is broke
Cold, hard cash: Another pic showed a fridge stuffed with 'money.' The images were flagged by Lastonia Leviston, who won $7million in the sex-tape dispute but cannot collect because 50 Cent says he is broke
50 Cent shows off stacks of $100 bills in his fridge
Loaded: 0%Progress: 0%00:00PlayMute
Current Time0:00
/Duration Time0:15FullscreenNeed Text
In an appearance on Conan in July of last year, 50 Cent told host Conan O'Brien that he had filed for bankruptcy to protect his finances.
'Yeah, I need protection,' he said. 'You get a bull’s-eye painted on your back when you’re successful, and it’s public. You become the ideal person for lawsuits.'
'So this is a way to protect yourself from lawsuits,' O'Brien replied.
'It is,' the rapper said. 'Re-organize things.'
The video was later pulled from the Conan website, Business Insider reported.
50 Cent explains why he filed for bankruptcy on Conan
Loaded: 0%Progress: 0%00:00PlayMute
Current Time0:00
/Duration Time0:53FullscreenNeed Text

No comments: