G Herbo’s legal troubles seem to be increasing as he is now alleging that he was duped out of millions by his ex-manager and the record label he was signed to.
On Monday (October 30), AllHipHop published court documents confirming that the Chicago native is suing Joseph “JB” Bowden and Machine Entertainment for financial manipulation, demanding $40million in compensation.
Herbo (real name Herbert Wright) maintains that he was tricked into “unfair and one-sided deals” when he was a minor, and that he has been in never-ending debt ever since. As a result, he currently owes his former imprint $8.4 million.
“Over the years, when we started generating money, probably this was on the Sony system, [Bowden] pulled me to the side like, ‘Bro, let me run your business for you.’ I wasn’t really business savvy. This was somebody I trust with my life, like my brother, like a father figure. ‘I’m your business for you, bro.’ Alright, so from then on, he’s running my business,” the rapper said during a livestream in which he addressed the dispute.
Elaborating on the matter, his attorney said: “Because [Wright’s] money was controlled by [Bowden and Machine], [Wright] was forced to ask Bowden to make purchases on his behalf, including for vehicles, [Wright’s] rent, and his mother’s rent. Bowden’s conduct, in depriving [Wright] of his own funds, was designed to prevent [Wright] from leaving Machine or from being able to successfully work with another business manager who would actually look out for [Wright’s] best interests.”
hiphopdx.com
On Monday (October 30), AllHipHop published court documents confirming that the Chicago native is suing Joseph “JB” Bowden and Machine Entertainment for financial manipulation, demanding $40million in compensation.
Herbo (real name Herbert Wright) maintains that he was tricked into “unfair and one-sided deals” when he was a minor, and that he has been in never-ending debt ever since. As a result, he currently owes his former imprint $8.4 million.
“Over the years, when we started generating money, probably this was on the Sony system, [Bowden] pulled me to the side like, ‘Bro, let me run your business for you.’ I wasn’t really business savvy. This was somebody I trust with my life, like my brother, like a father figure. ‘I’m your business for you, bro.’ Alright, so from then on, he’s running my business,” the rapper said during a livestream in which he addressed the dispute.
Elaborating on the matter, his attorney said: “Because [Wright’s] money was controlled by [Bowden and Machine], [Wright] was forced to ask Bowden to make purchases on his behalf, including for vehicles, [Wright’s] rent, and his mother’s rent. Bowden’s conduct, in depriving [Wright] of his own funds, was designed to prevent [Wright] from leaving Machine or from being able to successfully work with another business manager who would actually look out for [Wright’s] best interests.”
G Herbo Claims Manager Owes Him $40M After Years Of Alleged Financial Manipulation
G Herbo is taking his former manager and record label to court for alleged financial manipulation, demanding that they pay him $40million in damages.
hiphopdx.com
