50 Cent’s Personal Bank Accounts Frozen Following $17 Million Judgement (DETAILS)

50 Cent’s Personal Bank Accounts Frozen Following $17 Million Judgement (DETAILS)

By Wires | The Trent on December 3, 2014
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50 Cent

Rapper and businessman 50 Cent is not known for caring about the opinions of others, but  when it comes to court judgments, he may want to start paying attention.

A court ordered the rapper to pay Sleek Audio $12 million dollars in damages and $4.5 million dollars in attorney fees over a failed deal.

When 50 Cent failed to honor the judgement, his personal bank account was frozen. The mogul can’t even make a withdrawal from his personal account right now since it’s frozen due to his failure to honor the court’s decision.

A source close to the mogul, whose real name is Curtis Jackson, told a gossip blog that Jackson only has access to his business account but his personal accounts are frozen.

Sleek Audio sued Jackson after entering into a deal with him to produce a line of headphones. The lawsuit alleged that Jackson stole the designs he’d hired Sleek Audio to create.

Jackson and the audio producers were in court three years before a judge ruled against the rapper.

Jackson has allegedly been selling a design very similar to the one produced by Sleek Audio but it is produced by SMS.

According to Forbes, Jackson has a net worth of $140 million dollars.

In addition to his headphones, Jackson also has a clothing line and a successful record label. The rapper has also acted in several films and reportedly has a new upcoming film with Antoine Fuqua.

The rapper was most recently in the news due to his estranged relationship with his son, Marquis. The son of the multi-millionaire is reportedly trying to get a basketball scholarship for college.

During a recent interview, Marquis said Floyd Mayweather, who ended his friendship with 50 Cent after a disagreement, has become a mentor to him.

“He hasn’t given me any tips,” Jackson said of Mayweather. “But just seeing him work, his work ethic is motivation for me. I really pay attention to what he does in the boxing ring. It’s really inspiration for me. To see somebody have such a work ethic as his is just insane to me.”

(via Black Like Moi)

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