Details of Fiddy’s finances emerge
New York Post got a look at some of the paperwork in 50 Cent’s bankruptcy filing. He owes almost US$28.5 million, he says. Mind you, his assets — which he has not yet itemized for the bankruptcy judge — are believed to exceed US$150 million. I don’t know how this counts as bankrupt.
You saw the story the other day, right? The rapper was ordered to pay US$5 million, or more, to one Lastonia Leviston after a New York jury ruled he doctored and promulgated a “sex tape” of her without permission. The Daily News says he “had doctored the tape of Leviston and a former boyfriend named Maurice Murray by superimposing his own character ‘Pimpin’ Curly’ while giving an expletive-laced narration of the action.” Fiddy’s response to the ruling was to seek protection from creditors. His debts include US$18 million to Florida-based Sleek Audio, after a court ruled he stole their design for headphones; US$138,000 for the lease on his Bentley; US$568,000 to one law firm and smaller debts to others; and a US$65,000 credit card balance.