Bankruptcy Judge Orders 50 Cent to Explain Instagram Posts Showing Stacks of Cash

Posted on February 20, 2016

50 cent

Michael Kovac—Getty Images50 Cent in Los Angeles, on Oct. 26, 2015.

He has repeatedly posted photos and videos on Instagram of large piles of cash

Rapper 50 Cent has to show up in court to explain why he posted an Instagram of himself surrounded with cash just months after he filed for bankruptcy.

Curtis J. Jackson III, otherwise known as 50 Cent, made his name with the 2003 album “Get Rich or Die Trying.” He filed for bankruptcy in July, claiming that expensive lawsuits have dwindled his multi-million dollar fortune. But in the months since, he has repeatedly posted photos and videos on Instagram of large piles of cash, CNN reports.

On Thursday, U.S. Bankruptcy Judge Ann M. Nevins ordered the rapper to appear in court, saying she was “concerned about allegations of nondisclosure or a lack of transparency in the case.” In court documents, creditors allege that the rapper failed to disclose property he owned, as well as payments he likely got from public performances. He owes approximately $30 million to various creditors.

50 Cent’s legal team says he will show up in court to address the complaints.

[By Charlotte Alter @charlottealter — time.com]

Blogs

LEBRON JAMES IS NOT RETIRING

LEBRON JAMES IS NOT RETIRING

LeBron James, 40, isn’t ready to retire yet. King James is staying with the Los Angeles Lakers for another season and he’s set to head into his 23rd NBA season. He’s been playing for the Lakers since 2018 and he won an NBA Championship with the team in 2020. Now, he’s hoping for another one…

SUPER BOWL HALFTIME PERFORMANCE RUMORS

SUPER BOWL HALFTIME PERFORMANCE RUMORS

We’re starting to hear loud rumblings about next year’s Super Bowl halftime show performer. The rumor going around is that Jay-Z will take the stage during the big game in San Francisco on February 8th, 2026. While we’re unable to confirm or deny at this point, it almost seemed inevitable that Hov would headline at…

PROSECUTION AND DEFENSE HAS RESTED IN DIDDY CASE

PROSECUTION AND DEFENSE HAS RESTED IN DIDDY CASE

On Tuesday, both the prosecution and defense rested their cases in the Sean “Diddy” Combs trial. The prosecution finished presenting evidence, wrapping up nearly six weeks of testimony, videos, pictures, and documents. On the same day, Diddy’s defense team brought no witnesses to the stand and presented several pieces of evidence in the case. The…

SNOOP DOGG’S BIOPIC COMING TO THE BIG SCREEN

SNOOP DOGG’S BIOPIC COMING TO THE BIG SCREEN

Snoop Dogg, the West Coast rap icon turned cultural mainstay, is officially bringing his life story to the big screen. Read more about Snoop’s upcoming biopic, film and TV deal with Universal inside. According to The Hollywood Reporter, the Doggfather has signed a multi-year first-look deal with NBCUniversal through his Death Row Pictures banner, solidifying a…

Headlines