Tuesday, 14 July 2015

50 cent files for bankruptcy protection following his $US5 million lawsuit charges.

Rapper 50 Cent performs in New Jersey
RAPPER 50 Cent has filed for federal bankruptcy protection, after a jury ordered him to pay $US5 million ($A6.74 million) in an invasion-of-privacy lawsuit.

THE rapper-actor, whose real name is Curtis Jackson III, filed for Chapter 11 bankruptcy protection in US District Court in Hartford on Monday. He owns a 50,000-square-foot mansion in nearby Farmington.

The filing lists both the assets and liabilities for the "Get Rich or Die Tryin"' artist as between $US10 million and $US50 million and indicates his debts are primarily consumer and not business related. Read on.......

The filing comes after a New York jury on Friday ordered Jackson to pay $US5 million to a woman who said he acquired a video she made with her boyfriend, added himself as a crude commentator and posted it online without her permission.

The jury this week was scheduled to deliberate on possible further, punitive damages in Lastonia Leviston's invasion-of-privacy lawsuit against Jackson. But the filing may put the trial on hold. Jackson did not appear as scheduled on Monday to testify about his finances because of the bankruptcy filing, his lawyer said. -  news.com.au

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