50 Cent is heading to court to explain why he’s declaring bankruptcy – while posting pictures of himself surrounded by cash on Instagram.
The rapper, born Curtis J. Jackson III, filed for bankruptcy in July. He claims that he still makes millions, but that a flood of expensive lawsuits is killing him.
Since October, 50 Cent has posted several photographs on Instagram of him playing with cash. In one, he’s in bed surrounded by dozens of stacks of $100 bills – easily $50,000 in that picture alone.
In another, he stacks the Benjamins to spell out “B-R-O-K-E.”
In court on Thursday, the judge told the rapper’s attorney: “I’m concerned about allegations of nondisclosure or a lack of transparency in the case.”
Judge Nevins ordered the rapper to show up in court. On Friday, the rapper’s legal team issued a statement saying he would show up “to make sure that all questions have been addressed.”
“Mr. Jackson has been forthcoming and transparent with all creditors,” his lawyers assured.
This issue was brought up in court papers filed in January by headphone maker Sleek Audio, SunTrust Bank and 50 Cent’s ex-girlfriend Lastonia Leviston, three claimants in the bankruptcy case who say they’re owed a combined $29 million.
In court documents, they also say 50 Cent has posted pictures of huge public performances he probably got paid for – even though he hasn’t reported that to the court.
