Thursday, March 28, 2024

Bankruptcy Court Urges Independent Review of 50 Cent’s Assets

50 cent & fake money

*A bankruptcy court official on Wednesday urged a federal judge in Connecticut to order an independent review of 50 Cent’s assets, after questions were raised about his financial reporting and photos of him with piles of cash were posted online.

Holley Claiborn, an attorney for the U.S. Trustee’s Office, called on the judge to appoint an examiner to determine if 50 Cent, whose name is Curtis Jackson III, is fully reporting his assets and income in his bankruptcy case. The rapper’s lawyers and his creditors’ attorneys opposed Claiborn’s request.

Judge Ann Nevins didn’t rule on the request Wednesday. She scheduled a status conference for April 6, but could issue a decision before then.

As previously reported, Nevins ordered Jackson to appear at Wednesday’s hearing to explain photos he posted on his Instagram page last year. They included ones of him sitting next to piles of cash arranged to spell “broke,” him in a bed with wads of cash and cash stacks in a refrigerator.

Jackson, who wore a dark gray suit and didn’t speak at the hearing, declined to comment afterward. His lawyers repeated Wednesday that the cash in the photos was fake and used just as marketing props to boost the rapper’s brand and image.

On his Instagram page after the hearing, Jackson posted a photo of himself with a bag of M&M’s and wads of what appears to be cash tucked halfway in the front of his pants. He wrote, “I went to court today and all I felt was love. They asked me about money I said I ain’t got none, but if you want some m&m’s here ya go.”

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