50 Cent has finally settles his bankrupcy case after a judge approved his $23 million plan to settle his debt over a fivee-year period.
That’s one more reason for the rap mogul to celebrate his 41st birthday today. TMZ reported that 50 Cent has agreed to pay out $23 million over the next five years with $17 million going to Sleek Audio and $6 million going to Rick Ross baby mama Gastonia Leviston.
Both Sleek and Leviston won multi-million dollar lawsuits against the rapper last year. The headphone company sued the G-Unit chief claiming that he sniffed them out of a deal on headphone partnership. Leviston sued 50 Cent for leaking a sextape with her and the rapper’s nemesis Rick Ross.
“Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs,” 50 Cent’s lawyer said. “Mr. Jackson appreciates the fresh start this process provides.”
It’s been almost a year since 50 Cent filed for chapter 11 bankruptcy saying he did it for his own protection.50 Cent is being accused of letting his goons pistol whipping a jeweler who wanted to sell him some very expensive jewelry.
TMZ is reporting that Robert Marin, who owns LAX Jewelry Co., was in Las Vegas on Floyd Mayweather fight weekend to sell 50 Cent a watch and a chain worth $250,000.
Martin said 50 Cent crew invited him to meet up at Mayweather’s gym in Vegas and offer he did not refused. The jeweler claimed that two men linked to the rapper attacked him and fled with his jewelry.
50 Cent lawyer, Scott Leemon, has since issued a statement denying the allegations.
“On behalf of 50, I can adamantly deny that he or his security had anything to do with these baseless and false allegations,” Leemon said.
50 Cent was vacationing in Jamaica last month while scouting out some business ventures and a movie locations.
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WOOOOOW . . . the battle between Floyd MONEY Mayweather and 50 Cent has gone crazy. 50 took some SUBTLE shots at MONEY MAY two days ago when he announced that he was leaving TMT promotions.
But last night – Floyd went HAM on his former BFF. He went on Twitter, called 50 a “GROUPIE” who liked “carrying” Money’s belts. And then he took it even FURTHER, suggesting that 50’smusic career is FLOPPING.