Judge Mathis says 50 is Done... EDIT: Bankruptcy Judge Says he's Playing Games :yowzers:

[Cloud Cloud]

Is My Bankruptcy Record Public?

"Bankruptcy can be an embarrassing and stressful experience. You might be feeling ashamed if you file for bankruptcy, feeling that you will be judged and that your whole life will be ruined by the negative stigma that goes along with the concept of bankruptcy. Most likely, you would like as few people to know about your bankruptcy as possible. As a result, you are probably wondering if anyone can access the information involving your bankruptcy. Unfortunately, you will have to accept the fact that bankruptcies are made public. There are no sealed records that concern your bankruptcy – these records are very much public.

When you file for bankruptcy, your case will be assigned to a district of the federal US Bankruptcy Court. Each state has one or more districts, depending on the size of the state. Once your case is filed, it will be a public record. On the US Bankruptcy Court website, there will be a section describing the details of your case including the case name and number, names of creditors involved in the case, court dates, motions filed that involve your case, the contact information for your attorney and Trustee. This means that anyone has access to the details of your bankruptcy just by looking it up online or calling up the Bankruptcy Court."

Is My Bankruptcy Public Record? a blog post by Attorney Theresa DeGray, Lady Bankruptcy


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When we get those fukkin SK, Frigo, Gunit, Vitamin Water receipts...

 

[TheChosenOne]

Yowzers ?

Cac confirmed

 

[MrFettuccinnePockets]

lol. Mane I'm good on that.

I've honestly learned so much during this situation from a financial standpoint, it's amazing.

This nikka 50 entire get up was smoke and mirrors...

It took 50 catching a lawsuit for you to learn basic shyt like this?

So yall saying 50 is running out of lifelines?

50 aint dumb, anybody can see that. But he just might be in over his head on this one. These cacs thirsty. Its obvious

 

[Mac Casper]

Hey dude . . wanna show us more about how you don't know what you're talking about?

 

[The Bookie]

Since somebody on here reminded me of the 'pump and dump' penny stock scam he tried to pull on his fans a few years back; I went and did some research.

Over the weekend, the popular rapper 50 Cent urged his 3.8 million Twitter followers to buy the stock of a microscopic company in Florida. The penny stock jumped 290 percent on Monday. The rapper, who owns 7.5 million shares and warrants for 22.5 million more in the company, had a paper profit that was briefly worth almost $5.2 million on paper.

The company, H&H Imports, sounds like it might be related to the famed maker of New York bagels. No such luck. H&H is a Clearwater, Fla., company that distributes headphones favored by Curtis Jackson, the real name of rapper 50 Cent. It's the parent company of TV Goods Inc., which markets its products through infomercials and the QVC channel, has virtually no revenue ($293,000 in its most recent quarter), and loses money.

"HNHI is the stock symbol for TVG there launching 15 different products. they are no joke get in now," went one promotional tweet from the rapper.

As the Twitter hype (Twype?) wore off, the stock fell from 39 cents to 30 cents a share on Tuesday and a further 4 cents Wednesday morning, meaning 50 Cent gave back just over 290 million cents ($2.9 million dollars). The company has a miniscule market capitalization of $63 million. It traded for 10 cents last week.

Strip away the involvement of a celebrity and the use of social networking and this story bears some resemblance to one of the oldest stock market games around: The pump and dump.

In their classical form, such schemes work this way: Insiders talk up the attributes of a worthless stock (the pump) and then sell when its price jumps (the dump). So far, 50 Cent appears to have avoided violating laws against this sort of behavior because he has not sold H&H stock.

"This kind of stuff has given the SEC headaches for a long time," says Rick Sauer, a former Securities and Exchange Commission attorney who wrote a book about fighting stock fraud at the agency called "Selling America Short." "It's probably OK unless he knew the stock was bad and touted it anyway, which is hard to prove."

An amateur boxer and drug dealer who turned to music after a stint in prison, 50 Cent's most famous record is entitled "Get Rich or Die Tryin'." He is known for his muscular physique and for surviving an attack in which he was shot nine times at close range.

But 50 Cent apparently has little taste for a fight with securities regulators.


Several hours after his first tweet about H&H, 50 Cent tweeted some suspiciously sober cautionary notes. I'm taking a wild guess that they were suggested, though not copy-edited, by a worried lawyer. And the initial promotional tweets were wiped from Twitter, though they live on forever on the web.

Celebrities, often off the B and C lists, seem particularly attracted to penny stock promotions. Or, perhaps more accurately, they are particularly susceptible to offers to shill for stock promoters.

Carmen Electra, the Playboy model turned actress, has made a habit of pitching bulletin board stocks. A few months ago, the SEC sued the guy who played the blond partner of Erik Estrada in the 1970s cop-show ChiPs, charging him with securities fraud. Even Shaquille O'Neal, the NBA star with a massive Twitter following, has promoted a microcap stock that he owned, which subsequently plummeted.

And yes, it's amazing that the penny stock market, a Petri dish of fraud, exists at all. It's caveat emptor all the way.

But is what 50 Cent did really that different from what happens all day long on CNBC when professional money managers take to the airwaves to praise the stocks of companies they already own?

Back in the days of the Internet bubble, the SEC charged a 15-year-old kid, Jonathan Lebed, with engaging in a serial pump-and-dump operation, which netted him hundreds of thousands of dollars.

Michael Lewis, in a famous piece in the New York Times Magazine, argued at the time that there was little distinction between Lebed and the Merrill Lynches of the world. Indeed, a few years later, then-New York Attorney General Eliot Spitzer wrung a $1.4 billion global settlement out of Wall Street for promoting stocks that they privately didn't believe in.

The blurry line between "respectable" money manager and celebrity shill was blurred last Friday, when 50 Cent himself appeared on CNBC. Dutifully, the CNBC host asked 50 Cent for an investment idea. The hip-hop star replied that he was putting his money into Gunnar Optiks, a company that makes glasses that protect eyes from the strain of looking at computer monitors.

Thankfully, Gunnar isn't publicly traded.

50 Cent pumps but doesn't dump penny stock

Curly's been haemorrhaging money all over the place.

 

[NkrumahWasRight Is Wrong]

that was tysons crib. some money laundering italians owned it before him then curly bought it after

i pissed on his lawn when i was drunk once. fukk that house

 

[Hiesenberg]

Wow @Cloud Cloud is an oblessed fakkit...

 

[DonKnock]

"Every bankruptcy case has an inherent good faith filing requirement. In general, when a case is considered to be filed in bad faith, it means that there was an abuse of the bankruptcy system."

--

"Now Mr. Jackson's own voluntary bankruptcy petition filed in this court on the very day that the punitive damage phase was to commence in the state court litigation is interesting in terms of its timing." - 50's bankruptcy Judge

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"Bu bu bu he's making tactical business moves"


Hey @Monster ... I've learned so much watching your boy about to get eatin for breakfast, I'm dam near qualified to be a bankruptcy Attorney. If times get hard and you wanna file, holla @ me I got you on the hook up

You would be a terrible lawyer

You can't keep your damn mouth shut

 

[MusicConsulting]

That house is just a magnet for idiots with more money than sense. Like Tyson (Nikka wanted 22mil) 50 would end up taking a loss on that shyt too. It's located in a moderate suburb outside Hartford where the median income is around 50k not Greenwich, the Hamptons, or some other location where the wealthy gather. Most of the selling premium in expensive homes comes from their location not the houses themselves unless they have some some historical or other significance. Like puff and j 50 should of bought in the Hamptons, Beverly Hills or nyc if he wanted to flip.

Imagine the real estate agent

50 Cent: This House was owned by Mike,right?
Agent: Yes, it is owned by mr Mike Tyson.
50 Cent: Does it have a gym?
Agent: Yes it does ...
50 Cent: I'll take it
Agent: Oh...lets do some paperwork
50 Cent: Nah, nah, here's 5 million (hands over bag & pushes papers away)
Yayo: Yea..yea...just take the $. :pushes agent out of house and shuts door:
50 Cent: I threw in something extra, you buy something nice.
Yayo: Yo, we could make this the bagging room ......
Agent: speechless
Banks: (yelling in another room) Yo Fif one of these rooms is missing a floor!!!
50 Cent: That's okay, that's the interior balcony :smiles:
50 cent sits on couch busted springs pop out:
50 Cent: (Cant hold it in anymore) Now what is Irv and Jay gonna SAY??!?!?! (says it real emotional) Those nikkaZ have no idea the STEAL I got on this :daps Young Buck:
Young Buck: You can flip this house for a extra million, ya heaaaard me?
50 Cent: Extra million? Nah, Im getting 10 off this one alone,nikka.

 

[NvrCMyNut]

That house is just a magnet for idiots with more money than sense. Like Tyson (Nikka wanted 22mil) 50 would end up taking a loss on that shyt too. It's located in a moderate suburb outside Hartford where the median income is around 50k not Greenwich, the Hamptons, or some other location where the wealthy gather. Most of the selling premium in expensive homes comes from their location not the houses themselves unless they have some some historical or other significance. Like puff and j 50 should of bought in the Hamptons, Beverly Hills or nyc if he wanted to flip.

Imagine the real estate agent

50 Cent: This House was owned by Mike,right?
Agent: Yes, it is owned by mr Mike Tyson.
50 Cent: Does it have a gym?
Agent: Yes it does ...
50 Cent: I'll take it
Agent: Oh...lets do some paperwork
50 Cent: Nah, nah, here's 5 million (hands over bag & pushes papers away)
Yayo: Yea..yea...just take the $. :pushes agent out of house and shuts door:
50 Cent: I threw in something extra, you buy something nice.
Yayo: Yo, we could make this the bagging room ......
Agent: speechless
Banks: (yelling in another room) Yo Fif one of these rooms is missing a floor!!!
50 Cent: That's okay, that's the interior balcony :smiles:
50 cent sits on couch busted springs pop out:
50 Cent: (Cant hold it in anymore) Now what is Irv and Jay gonna SAY??!?!?! (says it real emotional) Those nikkaZ have no idea the STEAL I got on this :daps Young Buck:
Young Buck: You can flip this house for a extra million, ya heaaaard me?
50 Cent: Extra million? Nah, Im getting 10 off this one alone,nikka.

Mike Tysons man Hommo(who he was cryin over in that legendary 'Lennox imma eat your children' post fight interview) is the one who shot 50 & Tyson put money on his killers head "Heard about the 50 grand you put in the hood, but ur shooters finna get shot it won't do it no good". There's more to buying that house then just looking for a real estate flip

 

[Cloud Cloud]

Mike Tysons man Hommo(who he was cryin over in that legendary 'Lennox imma eat your children' post fight interview) is the one who shot 50 & Tyson put money on his killers head "Heard about the 50 grand you put in the hood, but ur shooters finna get shot it won't do it no good". There's more to buying that house then just looking for a real estate flip

Buy a cursed mansion on some sentimental shyt? - "Pride comes before the fall"

Not settle this case for $2mil 5 years ago so you don't have to pay $15mil now? - "Pride comes before the fall"

Get on TV and say you're not really broke to protect your image, thus pissing off the bankruptcy judge - "Pride comes before the fall"


It seems like he has a very bad pattern with this. I guess this wasn't one of the "rules" in the 48 laws.

 

[DontEemTry]

Son seem like an emotional dude, nikkas in his circle might want to stay veeeery far away from him over the next few months. fukk around and get karate chopped for no reason.

 

[blockboy504]

This is a sad thread son I know nikkas love to say fif a hater and it might be true.. Lawd yall hate this dude waaaay more then any rapper in history.the rap game made him like this try to kill a nikka off and think he gon show love breh

 

[blockboy504]

Imagine the real estate agent

50 Cent: This House was owned by Mike,right?
Agent: Yes, it is owned by mr Mike Tyson.
50 Cent: Does it have a gym?
Agent: Yes it does ...
50 Cent: I'll take it
Agent: Oh...lets do some paperwork
50 Cent: Nah, nah, here's 5 million (hands over bag & pushes papers away)
Yayo: Yea..yea...just take the $. :pushes agent out of house and shuts door:
50 Cent: I threw in something extra, you buy something nice.
Yayo: Yo, we could make this the bagging room ......
Agent: speechless
Banks: (yelling in another room) Yo Fif one of these rooms is missing a floor!!!
50 Cent: That's okay, that's the interior balcony :smiles:
50 cent sits on couch busted springs pop out:
50 Cent: (Cant hold it in anymore) Now what is Irv and Jay gonna SAY??!?!?! (says it real emotional) Those nikkaZ have no idea the STEAL I got on this :daps Young Buck:
Young Buck: You can flip this house for a extra million, ya heaaaard me?
50 Cent: Extra million? Nah, Im getting 10 off this one alone,nikka.

This shyt was corny af son you thought this was funny too

 

[Krazy]

He gonna take an L on that house regardless.