Can I Get A Dollar? 50 Cent’s Bank Account Frozen For Not Paying Sleek Audio $16 Million
In April, 50 Cent lost a lawsuit against Sleek Audio, a headphones manufacturer that that sued the Queens native for copying the design for the new offshoot, SMS Audio. The company was awarded more than $16 million in damages and attorney’s fees. Since 50 doesn’t like to take orders from no one but himself, he did not pay Sleek a cent. The world doesn’t play by his rules though, so his bank accounts have been frozen for nonpayment.
At the time, the rapper claimed “’certain security lapses’ for permitting Sleek’s competitors to uncover their unique design. An arbitrator, however, found that ‘there was no evidence presented by Jackson that such alleged lapses … resulted in any public disclosure of any trade secret or confidential information of Sleek.’ And actually the arbitrator said Jackson’s team purposely made a similar model.”
TMZ says 50 Cent’s business accounts are still accessible, but it is his personal account that has been frozen by the courts. Fitty is among the top five wealthiest artists in hip hop, worth an estimated $140 million.
These days, 50 seems to be making headlines for everything but making music. Anyone out there still interested in hearing some music from the rapper?
H/T Hip Hop Wired Contribution by Tonya Garcia