Tuesday 2 December 2014

50 CENT'S BANK ACCOUNT FROZEN AFTER FAILURE TO PAY $17 MILLION JUDGEMENT TO EARPHONE MAKERS

Account frozen: 50 Cent, shown last month in New York City, was ordered to pay $17 million to a Florida audio company over a headphones deal gone sour

50 Cent reportedly can't even withdraw that amount from his personal bank account after he has failed to pay a $17 million judgment against him.
The 39-year-old hip hop star in April was ordered to pay Florida earphone manufacturer Sleek Audio nearly $4.5 million in attorney fees and $12 million in damages over a failed business deal.
A source close to 50 Cent, real name Curtis Jackson III, said the rapper had complete access to his business accounts but his personal account was frozen, according to an article on Monday by TMZ

The US District Court in Miami affirmed the whopping award in late March after a three-year legal battle.
Sleek Audio and Jackson had partnered to produce the rapper's line of over-the-ear headphones.
The audio company in court documents accused Jackson of stealing the designs of the headphones he asked them to conceptualize and manufacture.

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