50 Cent is suing CEOs for botched bankruptcy

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Curtis “50 Cent” Jackson is suing his corporate bosses for allegedly botching his bankruptcy, costing him an additional $200,000 in taxes and claiming they illegally used $90,000 of his money.

On Tuesday night, the rapper filed legal documents in Connecticut bankruptcy court, claiming that California-based GSO Business Management LLC “did not fully counsel him” regarding his 2015 bankruptcy filing, which came a few minutes. days after a jury ruled the hip-hop entertainer should pay $5. million to a woman suing a sex tape posted without her permission.

Newspapers say the move meant the rapper was forced to shell out more taxes.

It is also alleged that the GSO “improperly used approximately $90,000 of Jackson’s money and paid themselves.” . . without prerequisite. . . approval.”

The star is seeking full compensation and damages. One of the five GSO executives named as a defendant in the lawsuit is Jonathan Schwartz, who has previously been sentenced to six years in prison for embezzling nearly $5 million from Alanis Morissette.

50 Cent’s attorneys, Imran Ansari and Arthur Aidala, told Page Six in a statement, “The GSO completely ignored bankruptcy court proceedings and improperly used Jackson’s money to pay themselves.”

G.S.O. representatives did not return the calls.

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