50 Cent tells bankruptcy court the cash in his Instagram photos is fake
50 Cent was asked to explain how he uploaded a selfie surrounded in piles of dollars if he has declared himself bankrupt.
The rapper uploaded a photo at the end of last year (2015) of him counting dollars whilst surrounded by wads of them. All this despite pleading poverty in court and filling for bankruptcy in June 2015.
Judge Ann Nevins had said: "I'm concerned about allegations of nondisclosure and lack of transparency in the case.”
She added that bankruptcy is a place where "honest, but unfortunate" people can be given a fresh start.
While the rapper has claimed the money is fake and he has not been hiding cash, the U.S. trustee’s office has now asked Nevins to appoint an examiner to review 50’s assets. In one picture, posted in October, the rapper used $100 bills to spell out the word 'broke'.
In a statement to the court 50 (real name Curtis Jackson) said: "Hip-hop culture is widely recognised as aspirational in nature. The standard by which artists and fans engage is commonly tied to money, jewellery, 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 fillings in this Bankruptcy Case, neither of which is true."
50 Cent confirmed he was bankrupt after he was ordered to pay $5m (£3.2m) in compensation to a woman who was featured in a sex tape he leaked online without her permission.
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