Judge orders 50 Cent to explain Instagram cash stacks in bankruptcy court
NEW YORK DAILY NEWS
Updated: Sunday, February 21, 2016,
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.
@50CENT VIA INSTAGRAM50 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.
@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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