50 Cent filed for bankruptcy last year after he was ordered to pay $5m to a woman who said he posted her sex tape online. He posted pictures of him surrounded by loads of cash on Instagram. During a bankruptcy court hearing, the rapper has declared the stacks of cash are fake. Judge Ann Nevins, is demanding to know exactly how the supposedly bankrupt rapper could get so much money.
‘I’m concerned about allegations of nondisclosure and a lack of transparency in the case,’ Judge Nevins said.
But in a written declaration filed on Tuesday, 50 Cent declared that the money was prop money used for photo shoots, and that he was just trying to maintain his ‘brand.’
‘Hip-hop culture is widely recognized as aspirational in nature,’ the declaration read. ‘The standard by which artists and fans engage is commonly tied to money, jewelry, products and advertising over social media.
‘Products and brands are now marketed through social media as an effective way to engage with consumers.
‘Just because I am sensitive to the needs of maintaining my brand does not mean that I am hiding assets or that I have lied on my filings in this Bankruptcy Case, neither of which is true.’