World News
Bankrupt 50 Cent ordered to appear in court after flashing money online
The rapper “50 Cent” is heading to court to explain why he’s declaring bankruptcy — while posting pictures of himself surrounded by cash on Instagram. The judge ordered 50 Cent to explain the photos that show the him playing with huge sums of cash, saying the photos raise doubts about his actual need for bankruptcy . […]
“There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” the judge said, adding that bankruptcy court is where “an honest but unfortunate debtor can come into court and seek relief.”
“When that process becomes very public, the need for transparency, I believe, is even higher,” she told the rapper’s lawyer, James Berman.
Judge Nevins ordered the rapper to show up in court. On Friday, the rapper’s legal team issued a statement saying he would show up “to make sure that all questions have been addressed.”
“Mr. Jackson has been forthcoming and transparent with all creditors,” his lawyers assured.