In July of last year, Curtis '50 Cent' Jackson filed for bankruptcy protection, despite having assets of up to $25 million and a monthly income of $185,000.
According to his filings at the time, 50 Cent claims that he's up to $33 million in debt whilst owing over $1 million in child support payments. Not only that, his legal team claims that expensive lawsuits pending against the rapper are crushing his financial earnings.
Yet, for all his monetary woes, he still finds time to regularly posts pictures of stacks of cash on his Instagram along with constant product placement for Effen Vodka.
Judge Ann Nevins, who's handling 50 Cent's case, said in court on Thursday that she was "concerned about allegations of nondisclosure and a lack of transparency in the case" after the images on Instagram were brought to her attention by a trio of parties owed money by 50 Cent. The trio included SunTrust Bank, Sleek Audio and Lastonia Leviston, who won a $5,000,000 lawsuit against 50 Cent after he posted a private sex-tape of her and rapper Rick Ross to his personal website in 2009.
Leviston has not been able to collect her settlement in the lawsuit due to 50 Cent's bankruptcy claims. 50 Cent filed for Chapter 11 protection on July 13, just a few days before jurors were set to determine whether he should pay additional damages in the sex-tape lawsuit filed in 2010 by Leviston.
For his part, 50 Cent believes that he is reporting all his income honestly and that he has "has been forthcoming and transparent with all creditors."
