Is there anyone in the world that Cash Money hasn’t screwed over? Robert Poindexter Sues Cash Money Records Over Sample In Bow Wow Song According to TMZ reports : Lil Wayne and Birdman’s label Cash Money Records is in the hot seat over allegations it illegally used a sample from a 70s song in one of Bow Wow’s recent tracks. The septuagenarian behind the lawsuit is Robert Poindexter from the 70s band The Persuaders. Poindexter claims Cash Money sampled his band’s song “Love Gonna Pack Up (and Walk Out)” and illegally lifted the tune in Bow Wow’s 2010 track “Still Ballin.” As for “Love Gonna Pack Up (and Walk Out)” — the song was recorded in 1972 and reached the top of the charts … and Poindexter says neither Cash Money nor Bow Wow ever obtained permission to sample it. Just because Poindexter is up in age doesn’t mean he doesn’t want his gwap! Poindexter claims he reached out to Cash Money for an answer, and was redirected to Bow Wow’s attorneys, who then directed him back to Cash Money … which is why Cash Money’s currently in his crosshairs. Poindexter wants $600,000 in punitive damages, plus interest. Cash Money has yet to respond to the suit. We reached out to the label for comment — so far, no word back. Why can’t these gold-grillin’, lean-sippin’ azz ninja ever do square business? Hopefully Baby and Wayne won’t make Bow Wow pay the settlement out of his own pocket…because he ain’t got it Image via Derick G
You gotta pay your bizzles…nizzle Snoop Dogg Served $546,000 Tax Lein Rappers and tax issues go together like peanut butter and jelly, and Snoop Dogg is the latest in the long line of artists to lien with it and rock with it. According to TMZ, the Internal Revenue Service is coming for Snoop Lion after claiming that the rapper owes $546,270.29 in unpaid tax bills. Read more at Hip Hop Wired
When the ‘Mean Girls’ checks stop coming in… Linsday Lohan Moves Back Into Her Mother’s Home Via RadarOnline reports: Lindsay Lohan has been forced to move into mom Dina‘s home in Long Island, New York, as she is “flat-out broke” and unable to afford to rent an apartment on her own in Los Angeles, RadarOnline.com is exclusively reporting. “Lindsay is being forced to live at home with Dina because she can’t afford any other options at the moment,” a source tells Radar. “Lindsay is flat-out broke and can’t even afford to rent a two-bedroom apartment in North Hollywood. “There’s simply no way she would pass a credit check right now, and even if she could she wouldn’t be able to muster up a security deposit, let alone meet the rent every month. “Lindsay’s been telling everyone that she moved to New York because she was sick of Los Angeles. But that’s just not true, she would love to move back west, but she can’t afford to! In the past, Lindsay has managed to rope in another person to co-sign on leases because her bad credit means she can’t get approved in her name alone. However, she couldn’t find anyone willing to do that now as she has burned so many of her friends and associates.” Meanwhile, although it might well be economically attractive to be living at home rent free with mom, the situation does have its, very obvious, drawbacks! “Dina seriously cramps Lindsay’s style because she always wants to go out partying with her,” the source says. “It’s embarrassing for Lindsay and she often dodges her mom’s calls when she’s out. Lindsay is constantly on the prowl these days to snag a new wealthy pal who has an apartment or vacation home she can move into…. rent free of course!”” She will never recover from this. Her looks and once promising career are gone. Broke, uninsurable, with insurmountable debt, a bad reputation, ruined credit and zero prospects; that’s not an uphill battle, it is a war waged and lost. We almost feel sorry for her. Almost.
Gook luck getting your money… O.J. Simpson Still Owes Over $500K In Back Taxes Via TMZ reports : O.J. Simpson may be rotting behind bars, but it doesn’t mean he can skate on his taxes … so says the IRS, who just slapped him with yet ANOTHER tax lien. According to a federal lien filed in December, O.J. failed to cough up $17,015.99 in taxes for the year 2011. This makes for the THIRD lien filed against him in the last 12 months. As TMZ first reported, Uncle Sam filed a lien for $179,435.07 for the years 2007-2010 and the State of California says he still owes $318,566.04 for the year 2000. Tax debt total = $515,017.10. And don’t forget … he still owes MILLIONS to the families of Nicole Brown Simpson and Ronald Goldman for that whole double murder thing. Better keep pounding those license plates. Time for the state of California to start garnishing OJ prison earnings.
You know white people…get money don’t spend it… Lindsay Lohan Has Owed Lawyer Shawn Holley Over $300,000 For Over A Year Via RadarOnline Lindsay Lohan owes her recently fired, long standing criminal defense attorney, Shawn Holley, a whopping $300,000 plus in unpaid legal fees and hasn’t made a payment to the famed lawyer in more than half a year, RadarOnline.com is exclusively reporting. “Lindsay owes Shawn over $300k in legal fees and she hasn’t made any payments to her in over six months,” a source close to the situation tells Radar. “Lindsay hadn’t paid anything for any of the work Shawn has done on her three new criminal charges of lying to cops, in connection with her car accident in Santa Monica last summer. Shawn has kept Lindsay out of jail for over five years now and she has no idea how good she has had it. Shawn is extremely respected by judges and prosecutors and that has benefited Lindsay greatly. Lindsay’s new criminal attorney, Mark Heller, isn’t even based in Los Angeles and certainly doesn’t have the revered reputation that Shawn does.” As previously reported, Lohan is currently on probation for stealing a necklace from a Venice jewelry store. Meantime, she will be back in court on January 15 to be arraigned on her latest charges. Lohan is required to be in court for the arraignment, at which time she will be required to enter a plea. A date will also be set for a probation violation hearing, and if the troubled actress is found to be guilty, she could be sent to jail for up to six months. “I suspect that Lindsay’s new attorney is either representing her for a reduced fee, or not charging her at all,” the source says. “I think Mark wants the publicity that representing Lindsay Lohan can bring.” What an ungrateful lil beyotch Blohan is! This woman has kept you free on many accounts and sentences to a MINIMUM when jail time was required! Give up that gwap ho! Image via WENN
It’s hard out here for an unemployed pimp … Terrell Owens Sells Atlanta Mansion Via TMZ reports : Desperate times call for desperate measures, especially for unemployed NFL star Terrell Owens — who just unloaded his massive Georgia crib for waaaaaaaaaay under the asking price. TMZ broke the story … the wide receiver has been dropping real-estate left and right (thanks to his dwindling finances) and has already sold off condos in Dallas, Miami and Georgia. The latest victim in his real-estate purge is a 7,694-square-foot pad outside of Atlanta, which he bought way back in 2000 (i.e. when he had a job with the San Francisco 49ers). T.O. first listed the house in 2010 for $1.5 million, but didn’t actually sell it until now … when he was willing to let the place go for a measly $694,000 … a.k.a LESS than half what he wanted. It’s a great deal (for the buyer) who gets 6 bedrooms, 8 baths, a home theater, basketball court, gym, rec room, decks, and a huuuuuge resort style swimming pool. The lesson here: BUY HOMES IN GEORGIA!!!!! Hit the flip to peep more photos of TO’s old crib…
Dumb rappers need teachin’ Fat Joe Faces 2 Years In Prison After Pleading Guilty To Tax Evasion Via Miami Herald Rap star “Fat Joe” faces up to two years in prison after pleading guilty Thursday to failing to pay taxes on nearly $3 million in income over two years. The performer, whose real name is Joseph Cartagena, entered the plea in federal court in New Jersey because some of the companies he earns money from are incorporated there. The 42-year-old Miami Beach, Fla., resident entered pleas to two counts covering years 2007 and 2008 but his sentencing will take into consideration the government’s initial allegation that he failed to pay income taxes for years 2007 through 2010. Federal prosecutors said the total tax loss to the government for those four years was $718,038. Cartagena lawyer Jeffrey Lichtman said his client “had already taken steps to resolve this situation” before he was charged. He said the rapper hoped to pay back the taxes by the time of his sentencing April 3. Looks like some of that “Make It Rain” money was supposed to go to the government. Joe, you better pay Uncle Sam is gwap before he has you doin’ “the rockaway” in a jumpsuit! SMH Image via tumblr
This may sound like great news… but don’t be fooled by Ben Bernanke’s azz dressed in sheep’s’ clothing. According to The Huffington Post , the hold on rates may help stimulate the economy, but it’s going to hurt millions who are retired and others who live off of savings. The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level – which it thinks could take three more years. For the first time, the Fed made clear to investors and consumers that it will link its actions to specific economic markers. As long as inflation remains tame, the central bank said it could keep key short-term rates near zero, even after unemployment returns to a more typical rate. Previously, the Fed said it expected to keep interest rates at record lows at least through mid-2015. Now it expects rates to stay low at least until unemployment drops below 6.5 percent – a threshold the bank believes may not be crossed until the end of 2015. Analysts said the Fed’s new guidance will make it easier for companies, investors and consumers to make financial decisions because they will have a clearer grasp of when borrowing costs will begin to rise. “This approach is superior” to setting a timetable for a possible rate increase, Chairman Ben Bernanke said at a news conference after the Fed held a two-day policy meeting and issued a statement. “It is more transparent and will allow the markets to respond quickly and promptly to changes” in the Fed’s economic outlook. Though the Fed’s low interest-rate policies are intended to boost borrowing, spending and stock prices, they also hurt millions of retirees and others who depend on income from savings. Bernanke made clear that even after unemployment falls below 6.5 percent, the Fed might decide that it needs to keep stimulating the economy. Other economic factors will also shape its policy decisions, he said. Economists regard a normal unemployment rate as 6 percent or less. “The Fed has become more explicit and more transparent,” said Steven Wood, chief economist at Insight Economics. “This should provide the markets with much more clarity around monetary policy action in the upcoming year.” Still, Bernanke warned that none of the Fed’s actions could outweigh the economic pain that would be caused by sharp tax increases and government spending cuts that are set to kick in next month. The standoff between President Barack Obama and Republican lawmakers over how to resolve the “fiscal cliff” is already hurting the economy, in part by reducing consumer and business confidence, he said. We’re not surprised that some people are blaming Barack on this one…even though he doesn’t control the Federal Reserve. While Bernanke holds rates so low, older working folks aren’t earning any interest on their 401k’s and, IF the unemployment rate ever drops below 6.5%, that 3% interest everyone’s been enjoying in the housing market is going to jump up to ‘normal’ again and then what?? Another real estate collapse? Watch out folks! Images via tumblr
