According to reports, the G-Unit rapper failed to pay $17.2 million over a deal he made to market headphones for a company called Sleek Audio.
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Sleek Audio company claims 50 Cent stole their headphones design and failed to pay $17.2 million over a deal he made to market the headphones for a company
(zimbio)
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50 Cent loses out to Sleek Audio company in court, personal bank account frozen
(hiphopsince1987)
50 Cent is in troubled waters after his personal bank account was frozen this week!
According to reports, the G-Unit rapper failed to pay $17.2 million over a deal he made to market headphones for a company calledSleek Audio.
In a lawsuit filed against 50, the company claimed that Fiddy stole its design and struggled to market it by himself, on his terms.
Unfortunately for the rapper, the court sided with the company and Fiddy's wages got garnished and his bank account got frozen.
A source connected to 50 told TMZ the rapper has complete access to his business bank accounts ... the only account affected by the judgment is his personal.
Meanwhile, 50's legal rep has revealed that they would appeal the Sleek Audio judgment, and that the company has been "desperately attempting" to hold money from any accounts it can locate. He added ... don't worry about 50 because his assets are "appropriately protected."
A source connected to 50 told TMZ the rapper has complete access to his business bank accounts ... the only account affected by the judgment is his personal.
Meanwhile, 50's legal rep has revealed that they would appeal the Sleek Audio judgment, and that the company has been "desperately attempting" to hold money from any accounts it can locate. He added ... don't worry about 50 because his assets are "appropriately protected."
Well, it's not like he's broke. Forbes estimates 50's worth at $140 million but 50 won't be able to get 50 cents from his personal account yet!
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