debt Archives - New Hip Hop News

Diddy Reportedly Owes Nearly $100 Million To The Bank

March 29, 2024 by newhiphopnews

The news relating to Diddy recently has turned into a full on avalanche as one thing after another manages to go wrong. It first began last year when Cassie filed the first of a barrage of lawsuits against the rap mogul. Those allegations piled up one after another but the level of potential threat was raised significantly earlier this week. That came when police raided two of Diddy’s properties in Los Angeles and Miami.

While he wasn’t present himself for the raids they’ve been the biggest story in hip hop this week. The actual houses themselves are the subject of a newly emerging story. Diddy reportedly owes the banks over $100 million spawning from eight different mortgages taken out on his three houses. The total value of what he borrowed is reported to be more than $140 million. Reportedly the first loan that needs to be settled is one for $23 million that’s due in 2029. Check out the full report below.

Diddy May Owe More Than $100 Million

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Overnight Diddy didn’t seem overly worried by the ongoing circumstances. Despite everything he’s dealt with this week he still got out to relax, hitting up Top Golf with his twin daughters. He flashed up a pretty nonchalant peace sign to cameras when they caught up with him outside. The rap mogul himself has been pretty quiet even as seemingly everyone in entertainment fights to get their thoughts out on the proceedings online.

The situation has also forced Yung Miami to play defense for herself. First she had to deny any involvement in the raids themselves when fans on Twitter called her an informant. Then her legal team had to pull up some receipts after she was added to and amendment to producer Lil Rod’s lawsuit against Diddy. What do you think about Diddy potentially owing more than $100 million to banks from mortgages taken out on his houses? Do you think he’s actually in possession of the fortune he claims to have? Let us know in the comment section below.

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Wendy Williams Reportedly Owes Over $500K, Feds Hit Her With Tax Lien

March 13, 2024 by newhiphopnews

It goes without saying that it’s been a tough few months for Wendy Williams. The personality’s Lifetime docuseries came out last month and has since resulted in a great deal of controversy. Just ahead of the doc’s release, it was also revealed that Williams has been diagnosed with dementia and aphasia. For these reasons, supporters suspect foul play on the part of producers and accuse them of exploiting Williams by putting her most vulnerable moments on display for the world to see.

In the doc, for example, Williams opens up about her financial struggles, revealing that she’s not bringing in the kind of money that she used to. There have also been various reports that people in her life, including her own family members, have stolen money from her. Now, the icon is facing yet another serious consequence of her fortune running dry.

Wendy Williams Faces More Financial Problems

Wendy Williams Reportedly Owes Over $500K, Feds Hit Her With Tax Lien — Wendy Williams is seen walking in Midtown in the rain on October 30, 2017 in New York City. (Photo by Raymond Hall/GC Images) *** Local Caption *** Wendy Williams

According to TMZ, the federal government recently hit Williams with a tax lien on her New York City condo. This means that if she doesn’t pay up soon, they can start foreclosure proceedings, and take ownership of the property themselves. According to legal docs filed in January, she currently owes them $558,451.57 in unpaid taxes. Records show that she purchased the condo back in 2021 for roughly $4.5 million. This latest development has only increased fans’ concerns surrounding Williams’ team.

The outlet reports that her financial guardian, Sabrina Morrissey, was appointed in the spring of 2022. It’s unclear at the time of writing whether or not she, or Williams, is handling the violations. What do you think of reports that Wendy Williams owes over $500K in unpaid taxes? Are you surprised? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

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Young Buck Bankruptcy: Nashville Native Denies Owing 50 Cent $250K

March 6, 2024 by newhiphopnews

Young Buck has been facing financial struggles head-on for over a decade now, but he and his legal team are putting up a fight when it comes to paying Curtis Jackson back an alleged $250K advance from G-Unit. According to documents exclusively obtained by AllHipHop, this conflict between 50 Cent and Buck goes back to July 2014, with the former alleging that the latter’s failure to complete his contract with the East Coast label means he owes hundreds of thousands of dollars. Meanwhile, the Nashville native claims the money was never classified as a loan, and therefore, he’s not worried about returning it.

“They argue that any money Buck received would have been before the contract’s signing and should be considered an advance rather than a debt,” the outlet says of the 42-year-old’s lawyers. Attorney Jonathan Augusta also notes that “the contract lacks any provision requiring Buck to repay these funds, thereby challenging the basis of G-Unit Records’ claim.” Overall, Buck’s legal team is seeking to have the case dismissed.

Young Buck and 50 Cent Remain at Odds

It’s worth noting that this isn’t Buck’s first time filing bankruptcy. That was back in 2010 when his debts to Fif, the IRS, his co-parent, and other poor spending habits caught up to him. The second instance was a decade later, focusing on “restructuring his debts under Chapter 13 bankruptcy protection” following a bumpy 2019 with jail time and more money struggles arising. In part, this strategic move has been an attempt to challenge Jackson, and we’re eager to see what happens for both creatives when all is said and done.

Even when he has numerous legal battles and a hectic work schedule to stay on top of, 50 Cent knows how to keep us laughing. As he continues to work on his exposé documentary about Sean “Diddy” Combs, the New York native isn’t tiptoeing as he loudly taunts the accused assailant and his alleged past transgressions. Read the latest on that at the link below, and check back later for more hip-hop/pop culture news updates.

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Jay-Z Protects Dame Dash From Having To Sell His Roc-A-Fella Shares

February 23, 2024 by newhiphopnews

Despite all that Jay-Z and Dame Dash have allegedly went through in the fallout of Roc-A-Fella, it looks like there’s still enough there for them to defend each other. For those unaware, according to legal documents reportedly obtained by AllHipHop, the latter might have to give up his shares in the Roc to pay off a debt to film producer Josh Webber and Muddy Waters Pictures. They sued the music executive in 2022, and to collect their $832,000 judgement, they want to go after his stake in the record company. But Hov and the label’s third co-founder Kareem “Biggs” Burke stepped in to prevent these shares from selling out.

Before getting into that, it’s important to bring things back to 2016, when Dame Dash was fired as the director of Webber’s crime thriller flick, Dear Frank. He was allegedly unfit for the directorial role, being verbally abusive to staff and showing up to set high. The 52-year-old thought Webber tried “to take credit for a Black man’s work” and attempted to sell his original directorial vision of the film independently under another title, The List. Webber and Muddy Waters Pictures sued for copyright infringement and defamation, and received a 2022 judgement, but Dash still hasn’t complied with this order at press time.

Dame Dash At “The Prince Of Detroit” Premiere

<a href= — DETROIT, MICHIGAN – JUNE 23: Entrepreneur/Director Damon Dash arrives at “The Prince Of Detroit” Detroit Premiere at Detroit Music Hall on June 23, 2023 in Detroit, Michigan. (Photo by Monica Morgan/Getty Images)

Now, Jay-Z and Kareem “Biggs” Burke objected to this judgement’s collection, and argued that Roc-A-Fella’s bylaws call for the full board to approve of any significant sell-offs like this. U.S. Magistrate Judge Robert W. Lehrburger criticized that this decision finalized at a 2021 board meeting in which Dame Dash was not present and didn’t vote for it. Regardless, the court ordered the Roc to make his stock certification available to the U.S. Marshal’s Service within 180 days.

“The question at the core of the instant dispute is whether the Roc-A-Fella By Laws’ prohibition on transfer and sale of Dash’s one-third ownership interest in shares of RAF without the consent of RAF’s board of directors legally prevents the sale of Dash’s interest in RAF to satisfy the Judgment,” Leherburger questioned. “The answer indisputably is no.” Hov and Burke still has equal opportunity to buy the shares, and Webber’s last attempt to collect the judgement was on Februrary 13. Meanwhile, for more news and the latest updates on Dame Dash and Jay-Z, stick around on HNHH.

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Angus Cloud Estate Sued Over Outstanding Debts

January 31, 2024 by newhiphopnews

The estate of late actor Angus Cloud has been sued by multiple parties over a number of outstanding debts. Plaintiffs include Cloud’s manager Diomi Cordero, who is reportedly owed over $94,000, and Verizon, who is reportedly owed over $4,000. These suits list Cloud’s mother Lisa as the primary defendant as she is the sole executor of her son’s estate.

Cloud died last year as a result of an accidental overdose. Cloud passed away on July 31, less than a week after he buried his father in Ireland. “It is with the heaviest heart that we had to say goodbye to an incredible human today. As an artist, a friend, a brother and a son, Angus was special to all of us in so many ways. Last week he buried his father and intensely struggled with this loss. The only comfort we have is knowing Angus is now reunited with his dad, who was his best friend. Angus was open about his battle with mental health, and we hope that his passing can be a reminder to others that they are not alone and should not fight this on their own in silence,” his family wrote in a statement at the time.

Angus Cloud Memorialized With Mural

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Meanwhile, soon after his death, Cloud’s local community came out to give the actor a moving tribute. Local Oakland artist Darin Balaban teamed up with a group of Cloud’s friends to create a touching tribute to the late actor. Working on the side of a car wash, Balaban created a nine-foot mural inspired by three photos of Cloud provided by his friends. Balaban, who also knew Angus, said that Cloud was “always smiling and calm”. One of Cloud’s best friends Kalani is also an artist and reportedly helped Balaban with the mural.

According to TMZ, the mural painting became something of a community wake. People provided beer and pizza as they swapped stories about Cloud. However, Balaban admitted that he was surprised at how quickly the mural, located at Park and E. 19th, became a gathering place for those looking to mourn.

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Blueface Hasn’t Paid Strip Club Shooting Settlement, Now Owes $1.3M In Interest

January 7, 2024 by newhiphopnews

Legal documents obtained by TMZ indicate that Blueface has not yet paid the $13M settlement he owes to a Las Vegas strip club. Furthermore, the settlement now totals over $14.3M due to interest. The ruling came down in favor of Euphoric Gentleman’s Club in October 2023. While Blue escaped jail time for his role in the 2022 shooting, he could not escape a financial penalty.

However, it appears that Blue is intent on not paying. He recently bought a house for Jaidyn Alexis, although Chrisean Rock disputes the purchase. He was also seen making it rain at an impromptu strip club he set up at a Rams game late last year. Unless a court chooses to intervene to enforce the ruling, the owner of the now-shuttered club will simply have to watch the owed amount rise.

NLE Choppa Responds To Blueface

However, Euphoric Gentleman’s Club isn’t the only one coming after Blue. NLE Choppa issued a response to Blue after the LA rapper implied that his Memphis rival was trying to duck their boxing match. “I challenged you to a fight, so why you got a flyer with my face on and a website? I’m seeing this and I’m just thinking, ‘Nah, this is some clout-chasing’. You got a flyer with my face on and a website that you got people clicking on for a pre-order or some sh-t,” Choppa said on Instagram.

Blue had implied that Choppa was unhappy with the presented fight terms and was trying to dip due to not having the opportunity to “negotiate” his terms. Furthermore, Blue also went after Choppa for being a “Muslim, vegan, and a crip”. Choppa addressed the negotiation aspect, stating that Blue had multiple years of boxing experience compared to Choppa’s lack of professional experience.

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Lil Pump Hit With New Debt Lawsuit After Paying Back $1.6 Million To The IRS

November 2, 2023 by newhiphopnews

Lil Pump has seemingly been having a resurgence as of late. However, it’s not exactly for musical reasons. Instead, he has been finding himself on numerous in-real-life streams. The likes of Sneako, Adin Ross, N3on, and Fousey have been around Pump on stream. With his music taking a bit of a nosedive in terms of sales, he has pivoted to the online streaming space. After all, it is a pretty lucrative space to be in. There are tons of young fans looking to see what you will do next, and Pump has always been about the antics.

Speaking of antics, in a recent performance, Pump found himself cheering on Donald Trump. He was at Ole Miss when he started a “We Want Trump” chant. He has been on stage with the former President in the past, so this should not have been much of a surprise. Regardless, Pump is back on the political circuit, despite the current climate. Now, however, Pump is facing a lawsuit from IPFS Corporation, according to Radar Online.

Lil Pump Called Out

As the report explains, Pump originally owed a debt of $85,000. He has been paying off this debt and only has a little over $8K to go. However, he allegedly hasn’t continued with his payment schedule. Moreover, there have been legal fees at play here, and the corporation is looking to get that money back. This has led to a lawsuit in which the company wants the debt and legal fees paid to them as soon as possible.

Recently, Pump had to pay off a $1.6 million debt from the IRS. He was able to do it thanks to the sale of his Miami home. Let us know what you think of this development, in the comments section below. Additionally, stay tuned to HNHH for the latest news from around the music world. We will always keep you informed on all of your favorite artists.

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Boosie Badazz Demands Yung Bleu Repay The “Millions” He Reportedly Owes

October 21, 2023 by newhiphopnews

Yung Bleu being behind bars wasn’t going to stop Boosie from trying to get what he was owed. “CAN U DO THE RIGHT THING N GET ME MY MILLIONS THAT WAS TAKEN FROM ME? U KNOW I FUCKED OVER BIG TIME!! WHY YOU DONT WANNA PAY ME” Boosie wrote on X, formerly Twitter. Also included in the post was a now-deleted Instagram post in which Bleu bragged about dropping $2M on building a facility for himself. Bleu was once signed to Boosie’s label. However, Boosie maintains that he lost out on millions when Bleu signed with EMPIRE. Furthermore, Boosie claims that the document releasing Bleu from his Bad Azz contract included a forgery of Boosie’s signature.

Bleu was arrested this week on battery charges after allegedly assaulting a woman in Georgia. However, the rapper has denied the charges. “I’m off this internet thing but I will take time to tell all my ladies that may be a fan of Bleu: I cherish women and I’m completely innocent. Just [know] this about to be one of [the] toughest times to be a fan of mines because I’ma about to go into another bracket as an OWNER and entrepreneur and people hate,” the rapper wrote on Instagram.

Boosie Still Feuding With Bleu

Of course, this isn’t the first time that the two rappers have recently clashed. Last month, Bleu abruptly canceled his 17-show tour after performing less than half the shows. “Words can’t explain how I feel about the remainder of this tour being canceled. I sincerely apologize to every fan I disappointed. When things like this happen the only person to blame is ‘the artist’ so I accept it. I won’t make excuses. I was honestly having so much fun wasn’t ready to go home. A man cannot do anything if his house is not in order. With that said, I will be back to give FREE shows to every city we missed. My team is working around the clock to make this happen. Once again I appreciate you all and I hope I didn’t lose any fans in the process,” Bleu wrote on Instagram.

It appears that there were two incidents that led to the cancellation of the tour. Firstly, Bleu faced significant backlash after a Philadelphia woman claimed that Bleu had flown her out to one of his shows. That caused the rapper to apologize to his wife for the indiscretion. Secondly, the aforementioned contract dispute with Boosie emerged, adding yet another cloud over the already shaky perception of Bleu. In the month between his tour cancellation and his arrest, there has been no update on the “free shows” he promised to fans.

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Soulja Boy’s Ex Seeks Rapper’s Musical Royalties, Streaming Income, And Weed Revenue To Pay Off Civil Settlement

October 14, 2023 by newhiphopnews

Kayla Meyers has filed a petition seeking new revenue streams from Soulja Boy as she seeks the fulfillment of a $500,000 settlement she won against the rapper in 2020. Soulja Boy was never criminally charged on counts of assault and kidnapping. However, a civil court eventually awarded Meyers $500,000. After Soulja Boy claimed earlier this year that he did not have the assets to pay the outstanding amount, Meyer has petitioned to receive the income from his royalties, his Twitch streaming revenue, and even the profits from this weed business.

Last week, Soulja Boy was ordered to surrender his three cars as well as jewelry and cash over $1000. This came after he testified that he did not have the assets to pay off his outstanding debt. According to court testimony, Soulja does not own the house he lives in and owes the IRS over $1 million. The court is yet to rule on whether these new revenue streams proposed will be accepted. However, based on this week’s precedents, it will be more than likely that they will be.

Unearthed Soulja Boy Statement Refutes Account Of 2008 Home Invasion

Soulja Boy’s ex petitions court for royalties & weed profits to satisfy judgmenthttps://t.co/ymHV8y0cHm

— HipHopDX (@HipHopDX) October 14, 2023

Elsewhere, Soulja has come under fire for his exaggerated retelling of his infamous 2008 home invasion. Outlets this week began posting Soulja’s original written statement of the event that he provided to police. In short, it’s a much tamer version of events than Soulja would later give.

The most notable version of the story given by Soulja came during a VladTV interview. “One n-gga run to the front door. I hop out, I start shooting, shot the n-gga. Shot his ass. All the n-ggas run out the door. This n-gga on the floor. Walk up to this n-gga, take his mask off his head. Looked at it, saw who it was. I’m like, ‘Damn.’ Shot his ass again. He [was] screaming and shit. I shut the door,” Soulja recalled. Turns out that the reality of the situation, at least according to Soulja, was much less John Wick.

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YK Osiris Shoots Down Barber’s Claim About Not Paying For Haircut

September 5, 2023 by newhiphopnews

YK Osiris says that the barber who claims that he didn’t pay for a $100 haircut is lying for attention. He responded to the viral allegation in a statement provided to XXL. “She got paid,” Osiris told the outlet. “She just want clout. Give her a lil clout lol.”

The hairstylist, who goes by @thalegendofficial on Instagram, leveled their claim in a post on Instagram. “I hate to have to come to the internet with this but I guess I got to,” they said in a video. “Y’all know I cut my first celebrity client, YK Osiris, last week. I charged him $150 for the cut, the cut went up, he paid me $200. He tipped me $50. No complaints but he had hit me up to come line him up last Tuesday.”

YK Osiris Attends The BET Hip Hop Awards

ATLANTA, GEORGIA – OCTOBER 05: Rapper YK Osiris arrives to the 2019 BET Hip Hop Awards on October 05, 2019 in Atlanta, Georgia. (Photo by Aaron J. Thornton/WireImage,)

They continued: “I charge him $100 for the lineup. This n***a hit me with the, ‘Alright, I’ma Cash App you.’ Instantly I was like… I’m like ‘I don’t think he gonna do me like that.’ It’s just $100 dollars, it’s not $100,000.” They also shared an alleged text exchange between themselves and Osiris in which the rapper appears to promise to send the money he owes via Cash App. The barber claims they never received the money. Fans in the comments section on Instagram shared supportive messages. “So not cool for him to run off on you over $100. You will be rewarded bigger and better smh,” one wrote. Another added: “I’m glad you put it out there, some wouldn’t have the courage to stand on business bc it’s a ‘celebrity’”

YK Osiris Gets Called Out

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The barber is far from the first person to claim Osiris owes them money. Both Drake and Lil Baby, among others, have publicized viral complaints about the rapper not paying up. At the end of 2021, he promised he would be clearing all of his debts in the following year.

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