Skip to main content

%1

Judge Orders 50 Cent to Bankruptcy Court over Instagram Photos

Submitted by jhartgen@abi.org on

A bankruptcy judge ordered rapper 50 Cent to come to her courtroom and explain several pictures posted on social media websites that show him playing with stacks of cash, the Wall Street Journal Bankruptcy Beat blog reported on Friday. Bankruptcy Judge Ann Nevins told the 40-year-old entertainer’s lawyer that his Instagram photos are raising questions about whether he is being truthful about his financial situation. “I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Nevins said at a hearing on Thursday. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.” She added that bankruptcy is a place where “honest, but unfortunate” people can get a fresh start. Earlier court papers put a spotlight on three pictures of 50 Cent, whose real name is Curtis James Jackson III, with bundles of cash. One picture showed cash piles in his fridge.

50 Cent Says Bankruptcy Plan Would Be Like Indentured Servitude

Submitted by jhartgen@abi.org on

Bankrupt rapper 50 Cent says the debt-repayment proposal up for review by a judge later this week would subject him to a form of modern-day indentured servitude, the Wall Street Journal’s Bankruptcy Beat blog reported yesterday. In court papers, lawyers for 50 Cent, whose real name is Curtis James Jackson III, argued the proposal would force the 40-year-old entertainer to turn over all of the money he earns to another lawyer until his more than $30 million in debt is paid. The proposal doesn’t require the lawyer, Richard M. Coan of Connecticut, to let Jackson keep a certain amount of money for basic living expenses. Jackson would get “access to food and shelter on the whims of [Mr. Coan],” his lawyers said in documents filed Monday in U.S. Bankruptcy Court in Hartford, Conn. “The plan violates the Thirteenth Amendment’s prohibition on involuntary servitude,” his lawyers said in a 30-page court papers.