As a result of a lawsuit filed against 50 Cent by Sleek Audio, the Queens, New York rapper’s personal bank account has reportedly been frozen.
According to TMZ, 50’s bank account was frozen after he chose not to pay a $17.2 million judgement made to Sleek.
In April of this year, 50 Cent was ordered to pay approximately $17 million after losing a lawsuit filed by the electronics company. Sleek filed their lawsuit against 50 last year when a partnership between the two failed to come to fruition.
The G-Unit helmsman, who reportedly invested $1 million in Sleek, was to start a line of headphones with the company, but ultimately collaborated with another company on his Sync By 50 headphones.
According to Sleek’s lawsuit, in addition to partnering with another company and releasing a product “basically the same design” as his failed collaboration with Sleek, 50 Cent was accused of “breaching his confidentiality agreement with Sleek” and “participating in a civil conspiracy.”
Despite 50’s personal bank account being frozen, an attorney for the rapper informed TMZ that they are currently appealing the Sleek Audio judgment.
He’s obviously not going to give up the money while he’s trying to appeal the lawsuit and counter-sue them. I read that he also still owns 23% of Sleek Audio which makes things complicated. Gotta assume a person like 50 has numerous bank accounts and money hidden offshore. I remember he stuffed 2 milli cash in his lambo.
exactly so for all the dumb asses that couldn’t wait to comment on this know damn well that this man is rich as hell should go into hiding or maybe just learn what someone trying to freeze assets means, or better yet do the research and find out that 50 cut his losses with the company when he found out that they were tanking and going into bankruptcy, they need cash so they are trying to go for it, during an appeal you are not going to pay shit, people should not be so dumb, keeping up with his home alone is worth way more than these clowns want.
‘Mr. Jackson is currently in litigation with a company he invested millions of dollars in that refuses to p@y a judgment he obtained against them in 2013.’
‘As has been previously reported, in 2014 an arbitrator issued a ruling against him which he is currently appealing in the Florida Courts. While this appeal is pending, the company has been desperately attempting to locate and restrain funds from any account it can find bearing the name “Curtis Jackson,” whether or not those accounts actually belong to Curtis “50 Cent” Jackson.
“Mr. Jackson is confident that he will prevail on his appeal and that when the case becomes fully pubic, everyone will know exactly why he felt compelled to fight the ruling. In the meanwhile, it should come as no surprise that Mr. Jackson’s assets are appropriately protected for someone of his stature.’
Rozay set for life. 50 gonna be broke soon.
Worrying about another mans money lol Anyway, I doubt this nikka fif will be broke….
CUUUUUUUUUUUURRTISSSSSS! HOW YOU GONNA LOSE MORE MONEY THAN I MADE IN THE LAST 10 YEARS?
DAMNNNN this mother fucker is MC hammer broke HAHHA
he worth 140 million how da fuck he broke… his lawyer is appealing the case so why pay if you dont have to
I AM NOT GOING STRAIGHT TO THE BANK WITH THIS…HAHAH HAHAAAH HAAAAA…{SORRY ITS $17MILL SO HOMIE SUPPOSE TO BE CRYING}…WHINNIN HUUURRRGHHH HUUURRRHHH HUUUURRRRHHH
DAMN! THE JUDGE KNOWS HOMIE AINT SELLING ALBUMS NO MORE RIGHT?
$17MILL COMMON SON, THATS TOO MUCH. ALBUMS AINT MOVING LIKE THEY USED TO. MAYBE $170K FOR BREACH OF CONTRACT. COMMON SON…SPOTIFY PAYING 0.000009CENTS PER STREAM. HOW YOU FIGURE HE GONNA PAY THIS?
#COMMONJUDGEYOUKNOWTHATAINTFARE
ARE YOU SERIOUS THO? MAYWEATHER CAN ALWAYS STEP IN TO EASILY PAY THIS FOR HIS HOME BOY. ONE FIGHT = $40MILLION. THATS IS WITH $23MILLION TO SPARE.
#TMTEASYMONEY
#TMT
260k for hood trillionaire vs 48k for AA. Ross is winning
Ross is sitting at 27k in 6th place behind a bunch of albums that been out for weeks LOL, his major label shit gonna do logic numbers
No he aint
not even close buddy ross Album shit the bed!! He wont sell ever again prob but he had his time.. Next up
The question is why is his personal BA tied to his business ventures? They can be separate entities depending on the business “package” you opt for. Primarily for THIS scenario.
cuz they want him to pay the debt not to kill him
lol I thought 50 stans were saying this money was nothing to him. If it’s nothing why didn’t he pay up?
Why doesn’t Birdman ever p@y anyone? Is he broke? Why does Lil Wayne constantly owe the IRS 8 figures in back-taxes every other year? Would you really be rushing to give up 17 million? His lawyer said they are appealing again so they’re in no hurry to give up 1 cent.
Mayne don’t beleive everything you hear he is going down every year and that’s it , his music ain’t hot so he aint hot no more so he ain’t making no money no more
Nobody cares about music anymore. Hip-hop is a huge example but it stretches across all genres.
The “music” sites report more gossip & personal life statuses versus music related articles.
The fans comment on songs, albums, articles, reviews, etc with jabs or praise for the artist’s personal life rather than the content and quality of the music.
Record labels are selling image & creating artists to be TMZ stories. All this is because of how corporate music has become.
Record labels have been greedy since their birth and now that music isn’t as profitable they’re trying to suck every penny they can. As a result the sites pander to that mentality in order to increase ad revenue. This draws away the intelligent readers and leaves the pop culture junkies.
I find myself visiting this site and other similar ones less and less because it’s just not very music driven. Not the site’s fault though it’s just how our culture has become. Music seemed so much more wholesome and better in previous decades because there wasn’t as much commercialism (albeit there was still a corporate footprint). Maybe it’s just nostalgia but I wish fans, sites, labels, artists and everyone in music would focus more on the music and less on the pop culture & gossip.
Animosity in comments brings out trolls so have at it folks I’m out
Your comment is true but only for hip hop. Other genres of music have 10x smaller profits but people still buy their music, merchandise and go to their concerts. Now the labels are dying and people have way more choice with social media and youtube to fine music that specifically tailors to them. There just will be less megastars because so many people will be doing their own thing.
50cent, now that’s your time you have decended so low as to start posting comments, it’s clear only those who can’t see won’t discover that you are the one who wrote this coment dog your snitching took u up and it’s definitely gonna bring you down, u said it best yourself, “what goes around comes back around” deal with it sucker
Soapbox, shut the fuck up. Go sit on a railroad track and wait for the 6:00 pm train to mow your bitch ass the fuck over. Nobody cares about your whiny tirades, okay, boss?
I’M WITH SCREW YOU. STFU.
DX, thank you for keeping us abreast on 50’s accounts. Please be sure to let us know when the accounts have been restored.
how he broke when he still worth around 150 million, just what forbes show….
You are an idiot to believe everything Forbes tell you. Forbes doesnt know how much anyone has, they just make assumptions based off things they see in the media. Do you honestly think they go to all these celebrities and ask how much they’re worth, and they just tell Forbes? There are many rappers on there who don’t make as much as they say, and even more who are making money but will never be on there.
50 Cent hasn’t been pulling in much money for a while now. His music doesn’t sell, his movies aren’t successful or his books or businesses. Then he has to pay to maintain tours, expenses for his artists and music promo, to maintain his huge house/cars/etc, children/baby mom, etc Dude doesn’t have as much money as people think he does. If 17 Million was nothing to him, he would have just paid it right away.
17 mill is 17 mill no matter how rich you are. Ask Melo why he stayed in NY. He’s already made hundreds of millions in his career.
L
O
L
Where did the judicial system get there mathematics education? How does 1 million equal to 17 million?
He stole their tech for his own line of headphones. Therefore he owes them what they could likely have made.
Nigga is BROKE thats why he can’t pay all the lawsuit. Where all these lame ass niggas who were countin 5.0s pockets huh? Nigga aint got the stacks like yall think. Any nigga can brag bout they money and have none. This nigga 5.0 be tellin fairy tales in his raps. haha.
Bawse!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are a fool if you think a rich man doesn’t convert his money over to a swiss bank account. Oh, but you are broke yourself and think like a poor man. Get your weight up ignoramus!
^^^ lmao @ the groupie who responded to this. He’s taking it so personal. The dude is broke, get over it and stop making excuses, stanley.
how tha fuck he broke? hes appealing the suit. no one ever calls birdman broke when he dont P@Y his bills, contractors, producers, artists, irs, no one gets paid.
@ Ricky Rozay AKA DrakeRunsRAap AKA “Brothadee” AKA that over 30 dude from the burbs who should have grown out of TROLLING ..You do realise you contradicted yourself “WITH THE WATCHING POCKETS” statement you dumb peasant .lol
logical ether
SUBURBAN FLOPIONAIRE 70K FIRST WEEK, AND THATS WITH 8 DAYS INSTEAD OF 7! HAHA SAME LABEL AS LOGIC WITH LESS PROMO AND LOGIC STILL SOLD MORE!!!!
like he only got 1 bank account…
Our God 50 gives NO fucks
U bums ain’t eating off the Godfather
https://www.youtube.com/user/GC54Prodofficiel
trheesome.com Log https://www.youtube.com/watch?v=U30rPG_kBVs
50 calling Rozay right now trying to become an owner of a wingstop
ha ha ha big stupid steriods freek 50
lil ja rule laughig his balls off rite now
J-J-J-J-J-J3W UNIT is on da case
why wont hhdx let me post comments with the words j3w or p@y in them?
Sad thing most of you dumb asses still would think he is broke..
The only one stupid here is you assuming people dont know how rich 50 cent is.
times are tough in rap even birdman aint paying 4 nothing these days lol
I guess he the 1st Republican that’s getting what he deserves. Changed parties and they still got his ass LMFAO.