INTERNATIONAL: Rapper 50 Cent files for bankruptcy

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INTERNATIONAL: Rapper 50 Cent files for bankruptcy

HARTFORD, Connecticut (AP) — The rapper and actor known as 50 Cent has filed for federal bankruptcy protection, days after a jury ordered him to pay US$5 million in an invasion-of-privacy lawsuit.

Curtis Jackson III, who owns a home in Farmington, filed for Chapter 11 bankruptcy protection in US District Court in Hartford on Monday.

The filing lists both his assets and liabilities as between US$10 million and US$50 million.

It comes after a New York jury on Friday ordered Jackson to pay US$5 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.

Jackson’s attorneys and his publicist did not immediately respond to phone and email requests seeking comment on Monday.

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17 COMMENTS

  1. This guy is hiding money, filing for bankruptcy just when he was ordered to pay...smh. It's been done before!

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  2. Oh I was so tired I quickly read especially the headlines...I get it....sorry. No he's not bankrupt...

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  3. I don’t know what you heard about me,
    But a chick cant get a dollar out of me
    Not even a 50 cent you will se
    Bbm I’m gonna file for bankruptcy

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  4. The timing of this filing is highly suspect, considering that he was just ordered to pay Rick Ross' "baby mama" $5 million. This is merely a legal tactic to avoid paying. I am no legal expert, but I have heard/read/seen enough about the law to call legal ploy when I see it.

    Well played, Mr. Jackson and your legal advisors, well played!

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