50 Cent Is About To Be 5 Cent As Bank Account Frozen After Electronics Company Wins $17 Million Against Him In Court

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50 Cent Is About To Be 5 Cent As Bank Account Frozen After Electronics Company Wins $17 Million Against Him In Court

December 2. 20104

50 Cent

Rapper 50 Cent has been hit with a $17,200,000 court judgment, in favor of Sleek Audio. The company approached 50 Cent to front a line of headphones. 50 Cent stole their design, which is copyright and trademark infringement, then tried to get a deal with another company using the stolen intellectual property.

Sleek Audio sued and won a court judgment of $17,200,000 and 50 Cent refused to pay. Sleek Audio's lawyers moved to the next step - they garnished his bank account, freezing the funds they found. 50 Cent states he plans to appeal the court's decision. In the meantime, some of his funds are tied up in the garnished bank account and if the judgment is upheld the money will be permanently gone.

STORY SOURCE

50 Cent Bank Account FROZEN

12/1/2014 3:20 PM PST BY TMZ STAFF - 50 Cent can't get 50 cents out of his ATM, because his personal bank account is now off limits. It seems 50 didn't pay a whopping $17.2 million judgment over a deal he made to market headphones for a company called Sleek Audio. Sleek claimed 50 stole its design and then tried marketing it on his own. The law sided with Sleek, and 50 got hit with the massive judgment. Legal Lesson: If you don't pay a judgment, the winner can garnish your wages and freeze your bank accounts...

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