You BIG DUMMY You!!: Bankruptcy Judge orders 50 Cent to explain Instagram cash stacks in court

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Judge orders 50 Cent to explain Instagram cash stacks in bankruptcy court
Judge orders bankrupt 50 Cent to explain Instagram cash pics



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Judge Orders 50 Cent to Explain Instagram Cash Stacks Court
A judge has ordered 50 Cent to bankruptcy court to justify his many Instagram photos flaunting fat stacks of dough, CNN Money reported Friday.
NY Daily News


Hate it or love it, 50 Cent is going to have to explain all those Benjamins.

A judge has ordered the supposedly cash-strapped rapper to bankruptcy court to justify his many Instagram photos flaunting fat stacks of dough, CNN Money reported Friday.

“I’m concerned about allegations of nondisclosure and a lack of transparency in the case,” Judge Ann Nevins said during a Thursday hearing in Hartford, Conn.

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@50cent via Instagram
50 Cent apparently has enough scratch to spell out the word "BROKE."

“There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” she continued. “When that process becomes very public, the need for transparency, I believe, is even higher.”


Gotta keep a cool little $tash and some Effen Vodka Happy Holidays. #EFFENVODKA #FRIGO #SMSAUDIO

A photo posted by 50 Cent (@50cent) on Nov 26, 2015 at 12:00pm PST

Bankruptcy status allows an “honest but unfortunate debtor” to wipe the slate clean, Nevins added.

The “In Da Club” rapper, who filed for bankruptcy last July amid a sex-tape lawsuit, has posted multiple money shots in recent months — including photos of cold, hard cash stashed in a fridge and strewn across his bed.

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@50cent via Instagram
"Ok I found my legs, but I can't find nothing to watch on TV. Power season 3 on the way," the rapper captioned this photo.
In case anyone still doubted his financial woes, the rapper also posted a photo of the word “BROKE” spelled out in 100 dollar bills and boasted that his “crib” in Africa was almost ready to be christened with a housewarming party.

The ironic snaps came back to bite Fiddy after his rap rival Rick Ross' ex-girlfriend Lastonia Leviston, headphone company Sleek Audio and SunTrust Bank — who claim the rapper collectively owes them $29 million — pointed out the discrepancy in January court papers.

Fiddy’s lawyers insisted in a statement Friday that he’d been “forthcoming and transparent with all creditors,” and said the musician would appear in court to address the judge’s questions.
 

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Judge scolds 50 Cent: If you’re broke, stop posting pics of cash

By Frank Rosario and Julia Marsh

April 6, 2016

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50 Cent entering court in Connecticut on Wednesday Photo: Douglas Healey

A Connecticut bankruptcy judge told rapper 50 Cent that if he’s pleading poverty, he better start acting like he’s broke.

“There is nothing funny going on here. This is all very serious business,” Judge Ann Nevins scolded the rapper, also known as “Fitty,” whose real name is Curtis Jackson.


“I am not trying to impede on anyone’s right to exercise free speech. But I would appreciate it if we can keep the tone of this case very serious,” she warned in a Hartford courtroom Wednesday.


“You have all been advised. This is not funny,” she added.

Nevis was likely referencing the “Get Rich or Die Tryin’ ” rapper’s recent social media postings, including one on Instagram that showed stacks of cash in his refrigerators.

In another Instagram shot 50 Cent is posing in front of a black BMW i8 with a toy model in front of it and the comment, “One for the little Boss, one for the BIG ONE.” The luxury ride retails for $140,000.


“I want to make this very clear, that I am discouraging the use of social media to comment on this case, especially when parties are in a courtroom or in the conference room,” the judge said.

Fitty filed for bankruptcy last summer claiming he’s $28 million in debt. He made the filing just days after a Florida woman, Lastonia Leviston, won a $7 million verdict against him in Manhattan Supreme Court for posting her sex tape online to millions of viewers.

Just months before filing for bankruptcy, Fitty’s net worth was $155 million, according to Forbes. And a few weeks before claiming he was broke, the New York Times touted him a “Renaissance Man” with “exceptional business instincts” in a profile.

The rapper, who came to court wearing ripped blue jeans and a camouflage jacket, grimaced while listening to the judge.

Despite his casual attire and social media transgressions, the judge did applaud the entertainer for actually showing up for the hearing.

“By being present Mr. Jackson has made significant strides toward getting this case moving,” Judge Nevins said.

When asked about the postings after the hearing Fitty said he heard the judge’s warning.

“Instagram? Nah, that’s not me anymore,” he pledged.

The case is due back in court in May when the rapper’s attorneys will disclose information about new business deals he’s involved in, according to his lawyer Patrick Neligan.

“We’re trying to be very careful and move this along as quickly as possible,” Neligan said.

http://pagesix.com/2016/04/06/judge-scolds-50-cent-if-youre-broke-stop-posting-pics-of-cash/
 
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