50 Cent Ordered to Bankruptcy Court Over Social Media Pictures
Rapper 50 Cent has reportedly been ordered to appear in court as his bankruptcy drama rumbles on to address pictures of money he posted on social media.
The “In Da Club” hitmaker filed for bankruptcy in July and reportedly owes several creditors a total of $30 million.
50 Cent, real name Curtis Jackson, has been posting photos of himself posing with wads of cash since September, including one where he spelled out the word ‘broke’ with stacks of $100 bills. He has also included photos of a mansion he is building in Africa. On Thursday, U.S. Bankruptcy Judge Ann M. Nevins expressed her concerns about the social media postings.
“I’m concerned about allegations of nondisclosure or a lack of transparency in the case,” she said at the hearing. “There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process. Bankruptcy court is where an honest but unfortunate debtor can come into court and seek relief. When that process becomes very public, the need for transparency, I believe, is even higher.”
Nevins has ordered 50 Cent to appear in court on an undisclosed date, but his lawyers have insisted he has been honest throughout the proceedings.
“Mr. Jackson has been forthcoming and transparent with all creditors,” his attorneys said.
The 40-year-old recently worked out a repayment deal with bosses at Sleek Audio, SunTrust Bank, and Lastonia Leviston, who won a $7 million award from the rapper after she accused him of leaking a sexually explicit clip she made with an ex online in 2009 as part of a spoof video, but 50 Cent is reportedly refusing to agree to the agreement, claiming it violates the 13th Amendment of the U.S. Constitution, which bans slavery and involuntary servitude and only benefits the creditors.