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Stats: 2,315 members, 5,867 topics. Date: September 19, 2018, 11:27 pm
50 Cent’s Account is Frozen as He Refused to Pay $17.2 million Court Judgement Penalty to Sleek Audio by HeyN(: 11:27 pm On Dec 02, 2014
50 Cent Account is Frozen as He Refused to Pay $17.2 million Court Judgement Penalty to Sleek Audio.
Sleek Audio sued SMS Audio, 50 Cent’s headphone company for stealing their design back in April 2014.
According to TMZ, his personal account was frozen bt he still have acess to his business account.
50 Cent can’t get 50 cents out of his ATM, because his personal bank account is now off limits.
It seems 50 didn’t pay a whopping $17.2 million judgment over a deal he made to market headphones for a company called Sleek Audio. Sleek claimed 50 stole its design and then tried marketing it on his own. The law sided with Sleek, and 50 got hit with the massive judgment.
Legal Lesson: If you don’t pay a judgment, the winner can garnish your wages and freeze your bank accounts.
A source connected to 50 tells TMZ the rapper has complete access to his business bank accounts … the only account affected by the judgment is his personal.
And it’s not like he’s broke. Forbes estimates 50’s worth at $140 million.
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