Tag Archives: debt

Fofty Alert: 50 Cent Presses Tony Yayo For Payment [Video]

G-Unit or not Fofty wants his money. Ferrari’s longtime shooter is now on the chopping block.

 

50 Cent is coming for each and every one of his coins; this includes the home team. The rapper turned master troll called up his old buddy Tony Yayo, with video rolling of course, and asked him about all the money he has spotted him throughout the years. As expected his request was met with befuddlement.

When Curtis stated the true nature of his call Tony knew it was Fofty time. “Aww, man. Here we go. Come on, big homie. What you talking about?” he asked.

Naturally, Fif had to jog his memory. “I wasn’t even talking about you. But now that you said that. You should give me some of the money I’ve been giving you. Like I’ve been giving you money for years.”

By the tone of Yayo’s response we can tell this came at him as a surprise. “You never said I had to pay you back!. We’re friends. What are you talking about?” he asked. But 50’s answer put everything in perspective for him and anyone that has ever dealt with the “I Get Money” MC. “I ain’t got no friends. I love you, boy, but you need to give me some of that money back. The self proclaimed “Talk of New York” suggested other means to settle the balance.  “You want me to shoot somebody? Point the finger. I’ll pay you back like that.”

While the exact amount of the debt is never revealed clearly anyone and everyone that has owes that man money should just pay up. Other celebrities on the Fofty list include Young Buck, Teairra Mari, Randall Emmett, Jackie Long and Rotimi. You can view the exchange below.

 

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This fool @tonyyayo 🤦‍♂️forget about it.🤨 #lecheminduroi #bransoncognac

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Photo: Johnny Nunez

Source: HipHopWired.com

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Fofty Alert: 50 Cent Presses Jackie Long, Gets Him To Pay Up?

Jackie Long

Source: photo: WENN

2019 is the year that 50 Cent comes for every coin he is owed. Another debtor has been called out for an outstanding balance.

Curtis put actor Jackie Long on the hot seat earlier this week. On Thursday, May 9, the G Unit Records CEO posted a photo of the Long on his Instagram claiming the actor had stiffed him out of a couple thousand dollars. “This punk ass n***a @jackielong better give me my money. You on BET now you can have mine by Monday fool.”

After a couple of online exchanges the two have come to a common ground. After apparently sending in the overdue monies to 50 Cent, the “I Get Money” rapper confirmed their tofu beef was over. “Me and @jackielong talked and after receiving a small cash app, we are squared away. I have no problem with Jackie In fact, I’m wishing him and his family the best God bless. Positive Vibes only.”

Jackie also corroborated the truce on his account as well. “50 told me go head switch the style up and if they hate then let ‘em hate and watch the money pile up, the good life. @50cent my new name is 3k aka #BillboardJack #nonegativezvibze#imworthsomething #actorgang”.

While Fif has been on a winning streak with collecting, he has yet to get to Teairra Marí to fork over the $30,000 she owes him to cover his previous legal fees. Also Young Buck is currently on the shelf because of an outstanding balance from his floundering recording career.

Photo: Derrick Salters / WENN.com

Source: HipHopWired.com

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Wesley Snipes Loses 10-Year Old Case With IRS, Ordered to Pay $9.5 Million

Wesley Snipes is still in turmoil with the IRS, as per reports by The Blast. 

The Blade actor lost his $10 million appeal in debt to the IRS. This tax case has been going on for about a decade, after he was sentenced to prison for not filing his federal income tax in 2008. In the ’90s and early 2000s, Snipes ran off on the plug after his accountant and anti-tax advocate convinced him he didn’t have to pay taxes.

Snipes originally owed $23.5 million in debt to the IRS but was able to reduce the ridiculous amount to about $9.5 million. He initially offered to pay $850,000 to settle the debt, but the IRS swerved him. Wesley Snipes tried to appeal, and the courts took the side of the IRS.

“Given the disparity between petitioner’s $842,061 OIC [offer-in-compromise] and the settlement officer’s calculation of $9,581,027 as his RCP [reasonable collection potential], as well as petitioner’s inability to credibly document his assets, the settlement officer and her manager had ample justification to reject the offer,” U.S. Tax Court Judge Kathleen Kerrigan said Thursday.

A lien was put on the actor and producer’s home in August 2013, after he was released from jail. Snipes asserted in court that his financial advisor took out loans and assets without his insight, yet neglected to give enough proof to back up the case. The judge assured the $9.5 million payout wouldn’t leave Snipes desperate, but according to Celebrity Net Worth, Snipes just has about $10 million to his name. Maybe it’s time for another Blade.

The post Wesley Snipes Loses 10-Year Old Case With IRS, Ordered to Pay $9.5 Million appeared first on The Source.

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