Not such a great Friday for Fiddy after all. On Friday, July 24, 50 Cent, who filed for Chapter 11 bankruptcy earlier this month, was ordered by a NYC jury to pay $2 million in punitive damages to a woman for posting a sex tape of her online.
“Although we appreciate the jury’s service, we are disappointed in the result,” Jackson’s attorney James S. Renard of Brewer, Attorneys & Counselors told Us Weekly. “Our client intends to file post-verdict, pre-judgment motions which we believe should reduce the size of the award.”
“Ultimately, the fate of any obligation to pay a final judgment will be determined by the bankruptcy court,” he added.
On Tuesday, July 22, Jackson testified in a Manhattan court that all of the glitz and glamour associated with his lifestyle are, in fact, faked.
“It’s entertainment,” he said of his over-the-top lifestyle, according to The New York Daily News. The “Straight to the Bank” rapper added that his Bentley and Ferrari “were rented,” and that he had “borrowed” much of his other swag, including diamond jewelry.
The court statements come in contrast to Jackson’s attitude toward his filing earlier this month.
“I’m not panicking,” he told Entertainment Tonight on Monday, July 13. “People love tragedy more than they love good news, no matter how you look at it. The news comes on, and it’s 90 percent tragedy.”
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