This week saw Young Thug and Birdman get named as culprits in a conspiracy to assassinate Lil Wayne. Elsewhere, 50 Cent filed for chapter 11 bankruptcy after reporting that both his assets and debts are in the range of $10 to $50 million. Lastly, Birdman reportedly threw a drink at Lil Wayne during Weezy’s performance at club LIV in Miami earlier this week.
Young Thug & Birdman Conspired To Murder Lil Wayne, According To Recent Indictment
Young Thug and Birdman, along with a third individual, have been named as culprits in a conspiracy to assassinate Lil Wayne, according to a recent indictment, which was first reported by Mike Petchenik of Atlanta’s WSB-TV.
The indictment reportedly stems from an April incident whereby Lil Wayne’s tour bus was shot at in Atlanta, Georgia. The alleged suspect, Jimmy Winfrey, who police say was the triggerman, was arrested in early June.
Although Young Thug and Birdman have not been charged with anything pertaining to the incident as of yet, Mike Petchenik did note that prosecutors are looking into the trio’s “Blood street gang” affiliation and that Young Thug’s video for “Halftime” will be used as evidence in the forthcoming legal case.
To read the full story, click here.
50 Cent Files For Bankruptcy
50 Cent filed for chapter 11 bankruptcy protection earlier this week (July 13).
The G-Unit frontman reported that both his assets and debts are in the range of $10 to $50 million.
Despite the perceptions the word “bankruptcy” comes with, chapter 11 bankruptcy is typically referred to as a “reorganization” bankruptcy, according to the United States Courts’ website.
After the news broke of Fif’s filing, his lawyer issued a statement addressing the situation.
“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests,” says William A. Brewer III, partner at Brewer, Attorneys & Counselors, and counsel to Mr. Jackson, in a statement per Billboard.
“Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case,” the statement continues. “This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.”
To read the full story, click here.
Birdman Reportedly Throws A Drink At Lil Wayne
Birdman allegedly threw a drink at Lil Wayne during Weezy’s performance at Jim Jones’ birthday celebration at Miami’s club LIV on July 12, according to TMZ.
The incident reportedly occurred while Lil Wayne was performing “CoCo,” a cut that features on his Sorry For The Wait 2 project. The track is littered with references to his problems with Cash Money.
To read the full story, click here.
Additional News Stories: Lil Wayne, Birdman, Safaree Samuels
– Lil Wayne Releases His “Free Weezy Album”
– Birdman Sues Jay Z & TIDAL For $50 Million Over Lil Wayne’s “Free Weezy Album”
– Safaree Samuels Speaks On Relationship With Meek Mill Prior To Nicki Minaj Breakup
For additional Young Thug, Birdman and Lil Wayne coverage, watch the following DX Daily:
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