embezzlement

50 Cent Continues Legal Pursuit Of Former Employee, Seeking To Seize Property

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If there’s one thing we’ve learned about 50 Cent recently, it’s that he doesn’t give up. Just ask anyone that the “In Da Club” rapper has decided to target on Instagram. His most notable foe has been Diddy, who he’s been posting about near constantly since the lawsuit Cassie filed against him was made public last year. Unsurprisingly, that included a lot of talk following recent moments like the Lil Rod lawsuit and the federal raids on his properties.

Speaking of property, that’s at the center of a new legal development 50 is pursuing. He’s seeking retribution from a former employee who admitted to financial misconduct that resulted in embezzling money from the rapper’s spirits company Sire. According to All Hip Hop, the battle has been taken to a Connecticut bankruptcy court. The former employee is seeking bankruptcy protections to help keep some of his assets exempt from being turned over to repay Sire Spirits. But 50, or more specifically his lawyers, aren’t backing down from a fight. Check out the full legal details below.

Read More: 50 Cent Has A New Album On The Way

Additionally, 50 Cent likes to use his social media to comment on just about anything going on in the world. That’s unsurprisingly included one of the biggest stories in rap this year, Drake and Kendrick Lamar’s beef. He most recently shared his thoughts following the release of Drake’s newest diss track. The conflict also has one of 50’s original adversaries, Ja Rule, reflecting on their time at odds. in particular, he shared the claim that 50 had an order of protection during the pair’s feud.

Last year, 50 began teasing the idea of a new album in the works. He appeared for a memorable verse alongside Nas on his album Magic 2 earlier in the year. What do you think of 50 Cent trying to take the house of a former employee who admitted to stealing money from his spirits company? Do you think 50 and his lawyers will be able to sway the court in their favor? Let us know in the comment section below.

Read More: What Is 50 Cent’s Best-Selling Album?

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50 Cent’s Sire Spirit Sues Beam Suntory For Embezzlement: Breaking Down The Allegations

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50 Cent has built his reputation on a prolific rap career, a television empire, and multiple business ventures, all contributing to the significant increase in his net worth in recent years. But, as corporate executives at the beverage company Beam Suntory are about to find out, 50’s true passion lies in bullying his opps on social media. According to 50 Cent, the liquor supplier has embezzled him out of millions of dollars and even tried to muscle his alcohol brand, Sire Spirits, out of business. The rap icon, whose government name is Curtis Jackson, has posted several social media posts updating the public about the alleged embezzlement scheme, revealing that he’s been battling with Beam Suntory privately for over a year. Here’s everything we know about 50 Cent’s Sire Spirits situation, and Beam Suntory lawsuit.

Read More: What Happened Between Teairra Mari & 50 Cent?

What Is Sire Spirits?

Sire Spirits, a liquor brand owned by 50 Cent, who also serves as the CEO, initially launched in 2017. The brand’s name comes from 50 Cent’s second son, Sire Jackson. The brand has collaborated with several prolific partners, including NBA teams such as the Orlando Magic and the Minnesota Timberwolves, and NFL teams like the New Orleans Saints. At the end of every 50 Cent Instagram caption, you’ll find tags for Sire, the producer of acclaimed liquors such as Le Chemin du Roi Champagne and Branson Cognac. The liquor brand sources its ingredients through the multi-billion dollar alcohol company Beam Suntory, which is the third largest producer of distilled beverages across the world. Suntory is the owner of subsidiaries such as Makers Mark, Jim Beam, Hornitos Tequila, and more.

The Embezzlement Allegations

50 Cent first filed a complaint in February 2023 on behalf of Sire Spirits, which alleges that Beam Suntory was embezzling millions from his brand, and accepting kickbacks. According to the motion filed with the New York State Supreme Court, the Japanese beverage vendor overcharged Sire Spirits for liquor supplied, amounting to over $6 million.

Attorney Craig Weiner, representing Sire Spirits, has released a statement explaining the claims. Weiner explained, “Because these illicit commissions were baked into the price of the product, Sire Spirits overpaid on taxes, overpaid on customs and duties, overpaid on insurance, which are marked towards the value of the product. Beam Suntory’s role here is extraordinarily troubling. Beam Suntory’s Chief Commercial Officer, a gentleman by the name of Julious Grant, acting as an employee, as an officer of the company, acting under the actual and parent authority of Beam Suntory facilitated the entire fraud as we plead in our complaint.”

Former Sire Spirits director of Brand Management Mitchell Green reportedly pleaded guilty in a wire fraud case back in September 2023. During the trial, Green admitted that he pocketed $2.2 million in kickbacks, disguised as “agency fees” and shared the profits with two French distilleries. Green also pocketed nearly $1 million from another liquor wholesaler, and is now cooperating with the federal government in the ongoing trial.

Read More: 50 Cent Embezzlement Accusations: Rapper Wants Beam Suntory To Pay Up ASAP

Beam Suntory Denies These Claims

In a statement to the press, Beam Suntory reps denied the allegations launched by 50 Cent and Sire Spirits, stating, “Beam Suntory vehemently denies all allegations of wrongdoing. It had no involvement in or knowledge of the fraudulent activity alleged in the complaint, and any allegation to the contrary has no basis in fact.” Still, depositions have begun to investigate the case, with former club king “Lord Michael” Caruso poised to be deposed under oath first. Caruso previously served as a government informant in a drug trial surrounding the NY night club scene and was allegedly paid half a million dollars per year by Beam Suntory for his part in the kickback scheme.

50 Cent personally believes that the Japanese conglomerate was trying to intentionally run Sire Spirits out of business to cover up their alleged embezzlement crimes. The rapper has stated, “This is the type of stuff that happens, and slows down new companies when they’re coming in because I guess it prevents them from growing fast enough. It’s only going to get worse than it is now, when people start paying attention to it, and I’m going to end up making a whole TV show based on it.”

New information is sure to emerge regarding the case in the coming weeks, as 50 Cent continues to take to Instagram to terrorize those who threaten his business interests. Meanwhile, Mitchell Green faces sentencing in April, with the potential for up to 20 years in prison and hundreds of thousands of dollars in fines.

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50 Cent Wants To Make A TV Show About His Beam Suntory Embezzlement Lawsuit

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50 Cent says he’s going to make a TV show about his lawsuit against Beam Suntory, the supplier that he accused of an embezzlement scheme that allegedly cost him and Sire Sprits millions of dollars. He discussed his lawsuit and his plans to make a series about it during an interview with FOX 5 NY’s Lisa Evers on Monday.

“Now they’re at a point where they’re going to see, everybody’s going to see. This noise affects them, they get really uncomfortable,” 50 told the outlet. “People are going to start looking at it, and it’s going to be a mess for them.” He added: “It’s only going to get worse than it is now, when people start paying attention to it. I’m going to end up making a whole TV show based on it.” 

Read More: 50 Cent Slams Ex-Consultant For Alleged Embezzlement In Sire Spirits Lawsuit

50 Cent Attends NBA All-Star Game

INDIANAPOLIS, INDIANA – FEBRUARY 17: Julius Erving and 50 Cent speak on the court during the State Farm All-Star Saturday Night at Lucas Oil Stadium on February 17, 2024, in Indianapolis, Indiana. (Photo by Stacy Revere/Getty Images)

Sire Spirits attorney Craig Weiner explained the case: “So you have Beam Suntory hiring Mr. Caruso, or should I call him ‘Lord Michael’ as he likes to be known apparently, you have the two of them working together and conspiring in order to get Sire Spirits to buy it’s champagne and it’s cognac from parties that were given illicit and hidden commissions to them.” After the interview aired, 50 shared it on his Instagram page with the caption: “These people should have just did the right thing to fix this. They are going to pay for this watch.” Check out the post below.

50 Cent Speaks Out On Sire Spirits Lawsuit

 
 
 
 
 
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A post shared by 50 Cent (@50cent)

Beam Suntory didn’t partake in the interview but provided the following statement to FOX 5 NY: “The claims brought by Mr. Jackson and Sire Spirits against Beam Suntory are false and baseless. They are completely lacking in merit – and even more importantly, in evidence. Most of the allegations have already been dismissed. We will continue to vigorously defend ourselves and expect to prevail.” Be on the lookout for further updates on 50 Cent on HotNewHipHop.

Read More: 50 Cent Faces Lawsuit Over Microphone Throwing Incident

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50 Cent Puts “Lord Michael” Caruso On Blast For His Informant Past Amid Embezzlement Allegations

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Earlier this year, 50 Cent took to social media to accuse Beam Suntory of embezzling him out of millions. He later warned the spirits company that he’s “not the one you want to play with,” urging them to pay him what he’s owed. Now, he’s hopped on Instagram once again to call out “Lord Michael” Caruso, one of the men he’s suing. He alleges that Caruso was an informant in the case of Peter Gatien.

In his post, Fif included a snippet from a documentary about The Limelight nightclub. The notorious hotspot was owned and operated by Gatien, Caruso’s former employer and friend. In the clip, Caruso explains that he cooperated with authorities to expose Gatien for allegedly peddling drugs to clubgoers.

Read More: Drake Hilariously Responds To Kanye West Diss With Iconic 50 Cent Meme

50 Cent Goes After “Lord Michael” Caruso

“This Fool been snitching since 1942 Don Julio ! 😆 😆😆,” 50 Cent captioned the post. “You know he gonna tell on everybody. LOL @beamsuntory is f*cked, they was paying this guy Michael Caruso a half a million a year and him and his partner Julious Grant put this together. @beamsuntory @jimbeamofficial This is gonna make a great Tv 🎥show. @bransoncognac @lecheminduroi.” It looks like the folks at Beam Suntory aren’t the only ones Fif has gone after as of late, however. Back in 2014, the mogul sued former G-Unit rapper Young Buck for allegedly failing to hold up his end of a contract. He accuses Young Buck of owing him hundreds of thousands of dollars.

This month, Young Buck’s legal team fired back. They claim that the money he owes should be considered an “advance” rather than debt. They also argue that the case should be dropped altogether. What do you think of 50 Cent calling out “Lord Michael” Caruso for working as an informant? Are you surprised? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: Ja Rule & 50 Cent Beef: Ja Recalls Allegedly Beating Fif During Fight, Says Feud Is “One-Sided”

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50 Cent Embezzlement Accusations: Rapper Wants Beam Suntory To Pay Up ASAP

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50 Cent hasn’t taken his foot off of Diddy’s neck, but the “Candy Shop” hitmaker is putting more of his attention toward another of his enemies at this time. As AllHipHop reports, he’s feeling particularly scorned by multi-billion-dollar spirits company Beam Suntory, whom Fif has accused of embezzling him out of millions by nearly putting an end to his own alcoholic endeavour, Sire Spirits. On Monday (March 11), the multi-talent sent out a warning via Instagram making it clear that he’s coming for money from Beam, and he wants it ASAP.

“Here is a clearer version of the news, @beamsuntory @jimbeamofficial. I’m not the guy you want to get started,” Curtis Jackson captioned a clip from Fox5. “In the nicest way, I’m gonna need my money by Monday,” he added. “These big companies think they can get away with anything. It has cost me millions in legal fees. They are gonna find out I’m not the one you want to play with.”

Read More: 50 Cent Slams Ex-Consultant For Alleged Embezzlement In Sire Spirits Lawsuit

50 Cent’s Sire Spirits Lost Millions Due to Alleged Embezzlement

 
 
 
 
 
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A post shared by 50 Cent (@50cent)

Jackson’s complaint was filed with the New York State Supreme Court. In his documents, the father of two says Beam is complicit in a kickback scheme, overcharging (an estimated $6 million plus) Sire Spirits for the liquor they supplied before splitting the difference with the defendants. According to Fif’s attorney, Chief Commercial Officer Julious Grant “facilitated the entire fraud.” Previously, Sire’s former director of Brand Management, Mitchell Green, pled guilty to wire fraud for his role in the alleged scheme. After embezzling over $2 million from employers, he paid more than $6 million in damages.

As he navigates his legal woes with Beam Suntory, 50 Cent at least has some good news to celebrate. The continued success of his BMF series has the New Yorker teasing more spinoff shows which fans are eager to see take shape – after all, Fif has been reaching out to plenty of scorned Hollywood stars to make sure they’re paid what they deserve by working with him. Read all about that at the link below, and check back later for more hip-hop/pop culture news updates.

Read More: “BMF” Viewership Has 50 Cent Teasing Spinoffs Again

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50 Cent Slams Ex-Consultant For Alleged Embezzlement In Sire Spirits Lawsuit

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50 Cent’s legal battle with a former consultant over alleged embezzlement in his Sire Spirits liquor company rages on. For those unaware, he sued Michael Caruso and Julious Grant last year for alleged fraud conspiracy, and according to a new Radar Online report, Caruso filed a counterclaim seeking $3 million in damages. Moreover, the Queens rapper wants the judge to dismiss this and he accused Caruso of embezzling him out of millions of dollars. In the brief issued to the Manhattan Supreme Court, the G-Unit mogul’s lawyer Reena Jain argues that the consultant and his co-conspirators’ crimes invalidate their retaliation.

“Ironically, the Caruso Plaintiffs have asserted claims against the Sire Defendants seeking damages of at least $3 million despite their central role in a fraudulent scheme,” 50 Cent’s attorney reportedly expressed in writing. “Crimes were committed in connection with millions of dollars in ‘agency fees’ embezzled from the Sire Entities. The Caruso Plaintiffs netted at least $1 million from the embezzlement scheme.” Allegedly, Caruso and Mitchell Green, Sire’s former director of brand management, conspired to inflate product prices and keep the leftover cash.

Read More: 50 Cent Clowns Trey Songz & Jacquees After Alleged Fight

50 Cent At Cuba Gooding Jr.’s Birthday Dinnet

50 Cent Embezzlement Lawsuit Liquor Company Hip Hop News
MIAMI BEACH, FLORIDA – DECEMBER 31: 50 Cent attends birthday dinner for Cuba Gooding Jr. hosted by 50 Cent at Sopra Miami on December 31, 2023 in Miami Beach, Florida. (Photo by Shareif Ziyadat/Getty Images)

Not only that, but another federal lawsuit ordered Green to pay $6.2 million in damages and legal fees for his liability, according to The New York Post. Following this, 50 Cent’s Sire Spirits sued Caruso and Gina, his wife, Julious Grant, the owners of Jim Beam (who Grant worked for), and others for unspecified damages. Caruso’s counterclaim is based on his belief that Fif owes him around $3 million for his work and his entitlement to a 10 percent cut of their profits. Apparently, they agreed to this verbally.

“Even more outrageously, four of the five claims are solely based on an alleged oral promise sometime in 2016 by each and every one of the Sire Defendants to give Michael Caruso a ten percent (10%) membership interest in Sire Champagnes in exchange for certain business services,” court documents from 50’s camp read. “However, no such promise was made by any of the Sire Defendants. “[Caruso worked] tirelessly to help build Sire Spirits brand, including its world-class champagne,” a representative of the consultant told The New York Post. “This lawsuit is a blatant attempt to devalue his contribution to Mr. Jackson’s company, and he adamantly denies any wrongdoing.” Meanwhile, for more news and updates on 50 Cent, check back in with HNHH.

Read More: 50 Cent Picks Which 21 S*vage Track He Thinks Is The Best Song Out Right Now

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50 Cent Demands $7M From Employee Caught Embezzling

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Mitchell Green embezzled $7 million from Sire Spirits, the liquor brand owned by iconic rapper 50 Cent. Green served as the primary liaison between the company and their French supplier. In this role, Green artificially inflated the amounts that Sire was paying out. Furthermore, he would send deduct the excess money as an “agent’s fee” and hide it in the purchase. Meanwhile, he would split the profit amongst him and the others in on the plan.

After confessing to his actions, Sire pursued legal action against Green. In an attempt to mitigate the legal issues, he filed for Chapter 7 bankruptcy. If the ruling went through, it would discharge the monetary damages from Sire from the case.

However, 50 Cent is eager to get every last cent reimbursed. Now, Sire is challenging the bankruptcy ruling in an effort to hold Green accountable. Their hope is to keep Green on the hook for $7 million.

Related: 50 Cent hailed as good luck charm in Vegas Golden Knights Stanley Cup Finals run

Sire Seek Dismissal Of Bankruptcy Gambit

Image of 50 Cent
LAS VEGAS, NEVADA – JUNE 13: Rapper 50 Cent is seen in attendance during Game Five of the 2023 NHL Stanley Cup Final between the Vegas Golden Knights and the Florida Panthers at T-Mobile Arena on June 13, 2023 in Las Vegas, Nevada. (Photo by Zak Krill/NHLI via Getty Images)

According to Sire’s legal representation, there is no legal precedent for dismissing Green’s debt due to a bankruptcy filing. According to the law, a debt “for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud” cannot be discharged.

This means, that because the debt Green is challenging was acquired illegally, it is in fact not a debt protected by bankruptcy. This provision within US bankruptcy law is designed for exactly this scenario. It protects victims when an individual files for bankruptcy to avoid repatriation.

Additionally, the law goes on to state that money obtained by “fraud or defalcation while acting in a fiduciary capacity, embezzlement, or larceny” cannot be discharged either. The proceedings against Green are ongoing and this remains a developing story.

Related: 50 Cent liquor brand settles bottle lawsuit

50 Cent Involved In Lala Kent Troll

Image of Lala Kent
BEVERLY HILLS, CALIFORNIA – MAY 18: Lala Kent attends the 5th Annual Vanderpump Dog Foundation Gala at The Maybourne Beverly Hills on May 18, 2023 in Beverly Hills, California. (Photo by JC Olivera/Getty Images)

Elsewhere, 50 Cent has become a side character in the ongoing beef between Lala Kent and her ex, Randall Emmett. Kent and 50 have never seen eye to eye. However, the Vanderpump Rules star was more than happy to use the rapper in her trolling efforts.

In a now-deleted Instagram post, Kent shared an image of her and Emmett, with 50’s face photoshopped over Emmett’s. “Aw,” Kent wrote in the caption. It’s unclear what caused the bizarre picture to be posted, but fans are sure that the story will come out eventually.

Previously, 50 beefed with Emmett himself, demanding the repayment of a purported $1 million loan in 2019. “Money by Monday,” became a viral meme after 50 made the claim on social media.

Related: Lala Kent visits 50 Cent

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50 Cent Trolls Former Staffer Who Owes Him $6Mil In Embezzlement Scheme

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We’re not sure where Teairra Mari’s debt with 50 Cent stands, but he’s ready to collect from a former employee. By now, the world knows that 50 Cent doesn’t play games regarding finances. Over the years, Fif has called out his peers and collaborators for not making good on loans or debts, and Teairra Mari felt his wrath. The two artists waged a war of words on social media years ago, and while the conflict’s conclusion is unclear, Fif is now targeting an embezzler.

The Power mogul also recently scored a major victory in court against a former employee named Mitchell Green. He is accused of embezzling upwards of $2 million while acting as Le Chemin du Roi’s director of brand management. A court sided with Fif, even rejecting Green’s appeal and adding $90K to his already outstanding $6 million judgment. Additionally, if Green decides not to hand over the cash, 50 Cent would have full authority to seize his properties and assets.

50 Cent Is Coming For Green’s Home

Fif addressed this controversy the way he does most of his scandals: on social media. He shared a screenshot of an article about the case, and it looks like he already has plans to redecorate Green’s property. “I think i’m gonna put Epoxy floors in this place,” he wrote on Instagram. “I’m gonna keep it and his family pictures around, you know as a theme for the place. LOL.”

Although Green hasn’t publicly issued statements about the suit, much was revealed in court documents. He’s accused of skimping money from the champagne brand and pocketing cash after up-charging wholesalers. Further, he reportedly told them that they had to pay additional agency fees that didn’t exist. It is unclear what Green’s next moves are, but 50 Cent hopes they’re to the bank.

Ready To Collect

This isn’t the first time 50 Cent trolled Mitchell Green about this controversy. Earlier this month, when a report surfaced about the case, he issued a pointed message to his former staffer. “Look i’m a need that by Monday! 🤨,” he wrote in the caption to a social media post. No word on if he’s begun to collect, but we’re sure this isn’t the last time 50 Cent will share his thoughts about this debt.