50 Cent has some serious explaining to do! A bankruptcy judge has ordered the rapper to appear in court after he posted several pictures on social media showing that he is extremely loaded, despite claiming that he is broke and filing for bankruptcy last year.
U.S. bankruptcy judge Ann M. Nevins wants the rapper, whose real name is Curtis James Jackson III, to explain the photos of money he posted since filing for bankruptcy, CNN Money reported. The photos of the rapper playing with stacks of cash are reportedly raising questions about whether he was telling the truth about his current financial situation.
In one photo, 50 Cent is seen surrounded by stacks of $100 bills that spell out the word "BROKE." He captioned the post, "Man this lunch money, I gotta go to work I'm still up, no Sleep at all. NEW MUSIC this week, Off The KANAN tape. #EFFENVODKA #FRIGO #SMSAUDIO."
One picture showed piles of cash in his fridge, while in another photo the rapper is seen eating a Popsicle and watching television while surrounded by bundles of money. He captioned that post, "Ok I found my legs, but I can't find nothing to watch on TV. Power season 3 on the way. #EFFENVODKA #FRIGO #SMSAUDIO."
In a Twitter post last year, 50 Cent bragged about his nearly finished mansion in Africa.
"I'm concerned about allegations of nondisclosure and a lack of transparency in the case," Judge Nevins said at a hearing Thursday in Hartford, Conn., according to CNN Money. "There's a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process."
"(Bankruptcy status allows) 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," she continued.
After being asked to explain his financial situation, 50 Cent shared a photo of himself posing in front of a wall of cash. However, 50 Cent's lawyers insist that the rapper provided accurate information on his bankruptcy documents. "Mr. Jackson has been forthcoming and transparent with all creditors," his attorneys said, according to CNN Money.
In July, the "In Da Club" hitmaker filed for filed for Chapter 11 Bankruptcy and claimed to owe creditors over $28 million. He filed for bankruptcy before a judge could have ordered him to pay millions of dollars to Lastonia Leviston, rapper Rick Ross's ex-girlfriend, over a sex-tape lawsuit, where she accused the rapper of leaking a clip from the tape made in 2009.
Leviston, headphone company Sleek Audio and SunTrust Bank, who the rapper also owes money, pointed out his photos in January court papers and also claimed that the rapper owned them a combined $29 million, according to the Wall Street Journal.
The date of the hearing hasn't been set.
