- The Washington Times - Saturday, February 20, 2016

Rapper “50 Cent” has been ordered to appear in court to explain why he’s declaring bankruptcy after posting pictures of himself surrounded by piles of cash on social media.

The rapper, who’s given name is Curtis J. Jackson III, filed for bankruptcy in July. He claims he still makes millions but is going broke under a flood of expensive lawsuits, CNN Money reported.

The “In da Club” rapper has joked about his financial situation online, sharing photos of himself surrounded by cash. In one photo, he laid out stacks of Benjamins to spell out “B-R-O-K-E.”

But now U.S. Bankruptcy Judge Ann M. Nevins is worried the rapper is being dishonest about his finances. 

In court on Thursday, the judge told the rapper’s attorney, “I’m concerned about allegations of nondisclosure or a lack of transparency in the case,” CNN reported.

“There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” the judge said, adding that bankruptcy court is where “an honest but unfortunate debtor can come into court and seek relief.”

“When that process becomes very public, the need for transparency, I believe, is even higher,” she told the rapper’s lawyer, James Berman.

The issue was brought up in court papers filed January by headphone maker Sleek Audio, SunTrust Bank (STI) and 50 Cent’s ex-girlfriend Lastonia Leviston, three claimants in the bankruptcy case who say they’re owed a combined $29 million.

The documents allege that 50 Cent has posted pictures of huge concerts that he has performed recently probably got paid for — even though he hasn’t reported that to the court, CNN reported.

The documents also point out that the rapper has never admitted to owning property that he touted on Instagram.

“My crib is almost finished in AFRICA. I’m gonna have the craziest House warming party ever,” the rapper said in a post that has since been deleted.

On Friday, the rapper’s legal team released a statement saying he would appear in court “to make sure that all questions have been addressed.”

His lawyers insisted that the rapper “has been forthcoming and transparent with all creditors.”

 

 


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