Monday, February 22, 2016

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

 
NEW YORK DAILY NEWS
Updated: Sunday, February 21, 2016, 
Judge Orders 50 Cent to Explain Instagram Cash Stacks Court
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 Moneyreported 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.
50 Cent apparently has enough scratch to spell out the word "BROKE."@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.”
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.
"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.@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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