50cent Files for Bankruptcy after being asked to pay $5m Damage

A jury has asked 50 Cent to pay $5milion fine to a woman who filed a lawsuit against the rapper for publishing her sex tape online.
Lastonia Leviston, had sued the rapper for invasion of privacy over the 13-minute video which appeared on the internet in 2009, featuring 50 Cent wearing a wig as narrator "Pimpin' Curly". She Explained to the jury how 50 Cent had acquired the sex tape she had filmed with her boyfriend before recording crude narration over the film and publishing the full video online.

While the minimum $5 million in damages has been set by courts this week, Manhattan-based jurors are
said to be continuing deliberation during the coming
week on potentially issuing further punitive damages in Leviston’s gross invasion-of-privacy lawsuit.

The current fines are the result of $2.5 million awarded for using Leviston’s image without her approval, as well as a further $2.5 million awarded for intentional infliction of emotional distress.
Curtis James Jackson III with fortunes of about $155 million according to 2015 forbes ranking,on Monday filed for bankruptcy as he was ordered to pay $5M after he leaked a sex tape.

But filing for bankruptcy doesn't necessarily mean the Grammy award-winning rapper is out of money, according to Leon Bayer, bankruptcy attorney at Bayer Wishman & Leotta.
"Chapter 11 is the drug of choice for celebrity debt problems," he said. "You don't have to be broke to file for chapter 11, but it could mean you don't have good cash flow."
Whether or not that is the case will be made more clear sometime in the 14 days Jackson has to file his debt payment plan or "schedules," which could
reveal intimate financial details.

"When he files schedules it's going to show all the details of his debts, assets, even whether or not he paid his gardener on time," Bayer said.

Intentionally or not, Jackson's bankruptcy will also put a roadblock between the $5 million he was ordered to pay and the woman winning her sex tape case was set to receive.

"It tells them they aren't going to get a check anytime soon, so why not sit back down at the negotiating table," he said.

Jackson's spending and business activity—including any salary drawn for himself—could be subject to the
scrutiny and approval of bankruptcy court pending the review of Jackson's filing.

Meanwhile,the rapper flashed a wad of $5,000k in $100 bills in his pocket last Wednesday when he hosted a club night for his birthday at The Pool After Dark at Harrah's Resort in Atlantic City.
Two days later, a court ordered him to pay Rick Ross's baby mama $5million for posting her sex video on the internet and three days later, he filed for bankruptcy.

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