GYANT SCOOP
formerly known as Ya Heard
Is Lil' Wayne Broke Or Just Irresponsible?
Posted on June 10, 2008 12:58 PM
Lil' Wayne's album drops today and while most people usually gear up to spend loads of their Benjamin's up in the club celebrating the release of new music, I hear Wayne might be trying to hold onto all his coins.
Is Lil' Wayne broke?
Theybf.com has just put me on to a new rumor going around that Wayne might be feeling the pinch from a struggling economy just like the rest of us.
Apparently Mr. Carter is defaulting on his high-end automobile payments. Private investor Lé Marck dé André and his Law Firm have filed suit against Lil’ Wayne, Cash Money Records, and Young Money Entertainment in a California Superior Court for non-payment on a 1999 Bentley Arnage.
Here's what dé André had to say:
My direct observation and experience with Dwayne M. Carter’s financial and personal irresponsibility over the years has taught and demonstrated to me that he has become the “new symbol of financial illiteracy and slavery in/of the 21st century†and this is unequivocally not fiction nor is it a misunderstanding. For a little over 5 years, I have been involved with the consistent and perpetual business behavioral illustrations of Dwayne M. Carter’s high-level of financial illiteracy, lack of liquidity, leveraged acquisition liability accumulation and below zero net-worth; as well as lack of business communication, character, and integrity- all learned behaviors- and the primary reasons for non-payment. My prognostication is unless and until Dwayne M. Carter transforms his personal, business, and financial attitude and adopt new behaviors, these unfortunate behavioral components will equate to future lawsuits, defaults, repossessions, foreclosures, and the making of a great candidate for bankruptcy.[Source]
This news is shocking seeing that Wayne is highly touted as the new "best rapper alive". With strong projected CD's sales to occur this week could this all be one misunderstanding?
The self-professed, “Greatest Rapper Alive,†is currently being sued for $123,800 plus a $200 per day fee for failure to make restitution to dé André’s company.
Either way check out SOHH's "Caption Diss" column today and give your two cents this crazy ass picture [Click Here]
Posted by SOHH Streetz
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Maybe he shoulda rethought the whole getting paid for verses and shows in syrup and vicodeine? How the best rapper alive be broke? I thought he gt paid good money for those verses and concerts? Why wont people learn thats its better to have less thats paid off then more and making payments? A lot of these rappers fake their money by leasing or renting. I bet 85% of these rappers dont own all there luxury's.
Whats shocking about this/ He's a rapper....
who cares!
Def sound like a misunderstanding. Its no way Weezy is broke after all he's accomplished the past 3, 4 years. He might be irresponsible as far as payments but he aint broke.
Baby let me get da keys to da Rover truck. Baby and Slim follows in the line of Suge,Diddy,Master P in ripping off your artist. Diddy has New York and MTV in his back pocket so he is safe.
Yo - I hear Khia is carrying his baby.
You can't keep a good thugmisses down.
To be honest i'm not surprised.What we have to understand is that most "rappers" today have no education and don't really understand financial literacy.How many rappers have degrees in accounting,business management,economics,finance or an MBA? How many were small-business owners before they singed their contracts? Like Mike Tyson said he had 20 millions dollars and he was an uneducated kid from the gutter,of course he's going to spend reckless,he never had shit.How many rappers have stable lives? How many do you see with their fathers? The only one's i have ever seen with there fathers? People have to understand the gangsters are smart too.al Capone was actually a bookkeeper before he become a Boss.But street niggas don't put value in education or being smart?
Just because they flash alot of "cosmetic" jewelry doesn't mean they have their business portfolio in good standing.If you think Yung Bergs "Transformers peice" or " Plies' "Face piece" are really multi-colored diamonds you are crazy ass hell.Do you know how rare a real quality VVS Black diamond is? Let alone to get over 500 stones set? Shit would cost over a million dollars.They buy low quality jewels and Gems like cubics and tanzanite and to the naked eye you wouldn't know the different,cus it blings.lol.If all you do is smoke weed,drink,pop pills, and party chances are you are not sober enough to make good financial deals.How are you going to conduct business high and drunk?
That's why i quit smoking weed so much because it makes you incoherent and lazy.Sure a rapper may have 2.3 million in the bank but is he up to date on his payments, or he may have 2.3 million in the bank but his debt may be 4.2 million! Does he have his mony in high interest money market accounts, does he have an IRA?
The reason why they flash so much cash is telling you they don't really understand high interest business.It's really dumb,for thm to go and spend $20,000 making it rain at te strip club.No true business man would waste money.
Lil Wayne is a junkie,and he doesn't understand the concept of b-corps pr c-corps or LLC vs. INC's! They put ultimate fiath in their accountants and their accountants and financial consultants have Bachelors and Masters and will snake these weed smoking,fake jewelry wearing,i bought a Benz with my advance instead of property as rappers everytime!
The two wealthiest rappers today are Jay-Z and 50 cent.None of them dudes smoke weed all day and 50 doesn't even drink.Even Master P back in the day never was all-high and shit, Nas hasn't reached Jay's level business wise cus he smokes too much, drugs ruined Bone's career as far as them making the type of money they should made.Them niggas have probably sold over 20 million records and i bet none of them own any property and none of them are millionaires! Lil Wayne says he does drugs all day long.He could turn it around but he needs to go to rehab ! He could make millions in one year because he's a brand!
They don't realy have time to educate themselves so they put their trust in people who may not have their best interest at handsome are fortunate! It's like what 8ball said,the artist pays the price.
I doubt that he's broke. If you looked at the entire article on the YBF, you'd see that she said she called them and mysteriously no one answered and she was sent to an automated voicemail system. I would think that a law firm, no matter how prestigious or small, they'd have someone's voice on the voicemail with the name of the firm as well as their office hours. This all just seems kind of suspicious.
Car payments on a 11 year old car?????
Wayne get off drugs.
MAN THIS SHIT IS WAY OLD STOP RECYCLING OLD NEWS SOHH. HE DEFAULTED CONTRACT ON THIS. A BENT ARNAGE PLUM IN COLOR AND ALSO A CUSTOM RING FROM JACK SUTTON JEWLERS IN N.O. BACK IN EARLY FEBUARY. WHO GIVES A FUCK IF STARS ARE BROKE THERE ALL HUMAN AND MAKE FINACIAL MISTAKES LIKE ALL OF US. IDE LIKE ONE NIGGA TO TELL ME THAT THERE SET FOR LIFE AND HAS A A-1 CREDIT SCORE ON THIS BITCH. IF YOU DID YOU WOULDNT HAVE TIME TO BLOG ON THE WEB. YOU'DE BE CLOSING DEALS WITH MOVERS AND SHAKERS. CAUSE BANGING ON THE NET IS DEFINATELY NOT LUCRATIVE UNLESS U OWN THE SITE POINT BLANK. REMEBER CONTRAVERSY SELL!!! WE GOT SOMTHING TO TALK ABOUT WITH THIS ARTICLE SO THIS SITE GAINS MORE EXPOSURE WITCH EQUALS MORE DOLLARS FROM ADVERTISEMENTS AND CORPS!!!!!!! ITS NOT PESONAL ITS ALL BUISNESS
this story old, heard about 3 months ago. the car is a burgundy bentley and he paid the debt already, nigga said he had some cars he forget about it out in cali. get right!
Why do you think:
Mannie Fresh
Juvenile
BG
Turk
Gillie
TQ
Boo & Gotti
Mack 10
Dogg Pound
and everybody else left Cash Money...obviously it would some funny money situations goin down
Honestly...i dont think its any of our business. Just like that whole thing with Clinton, that wasnt our business either. Ppl need to let celebrities breath. SH*T
El Negro you speak the truth. I'm an accountant and the people who entrust their money to others (that aren't watching) have no idea how easy it is for those people to do whatever they wish with their money and find ways to hide the fact their either A) stealing from them or that B) they're going flat broke. I'm not sure what's going on with Weezy but if this is true, he need to snap out of whatever drug induced coma he's in, hire some auditors and start going through all of his finances before its too late.
Damn u just did 2 blog on him under your male alias & now u doin 1 as the female too?? U r one confused man lol.
http://www.fiyahmuzik.com
Libel - a false and malicious publication printed for the purpose of defaming a living person.
Something to chew on for you hood geniuses. *Strong Sarcasm inflected in voice*
The reason its a 99 Bentley is because this story is about three years old.
shout out to el negro, smart man. now as far as wayne go, i think he broke in terms of having money goes, like he's not broke like we would be but he's broke for his level. Think about it he probably lying about how much he get's a verse and what business does wayne really have, he has a label and not putting out anyu artist, no endorsements and his music has been free for like 3 years, what you expect. and streetz just cause he got a album that's suppose to sell doesn't mean that the rumor might not be true, that makes no sense. plus even if the album does well, most people dont know that cash money owes alot of chop to universal, yall aint realize that they got 100 million dollars but aint been selling. and who knows what type of deal wayne got, he was gon leave baby cause he was getting fucked b4. no pun intended. lol, real talk
www.myspace.com/shoilla
Look at all the topics written on this website. . .all they do is HATE on any/ everything in sight.
Charge it to da game.
dude, how da fukk could wayne be broke chargin a 100,000 dollars for each feature he does? u smokin on some good shit
GO GET THA CARTER 3!!!!!!!!!
wow you guys are completely confusing the issue here. why is everyone blaming the drugs weezy uses, how is that relevant? are you seriously arguing that everyone who uses drugs is automatically lazy and irresponsible and therefore cannot keep up with their finances? I'm sure that weezy learned alot about financial responsibility through dealing drugs on the streets. you can't honestly think that drug deals don't require some kind of intelligence comprable to legitimate businesses that require college degrees. just because there is no drug dealing university to give weezy a street smarts degree doesnt mean he can't handle his money. do you guys not recall that he's got old money, could've bought a dinosaur? and that his money is so old, its growing white hair? you guys dont need to worry about weezy's money situation and what kind of drugs weezy enjoys, he is just living his life and seems to be enjoying it. so, el negro, please don't be bitter that you spent years getting your MBA and still will never be able to afford a bentley like weezy. maybe u just need to spark one up for old times sake and just chill. thats what i'd recommend, peace
Old Story...
TQ, a former Cash Money artist, has a blog that I won't plug on this site, where he thoroughly explains how baby does business
Baby is a great hustler, but he is also a pimp of his artist. Sure, Lil Wayne made tons of money, for BABY. Lil Wayne is Baby's puppet and that's all. For those nut hugging super fans of Wayne who say it ain't so, unless you're lacking the capacity to recall just a few years ago, you have to remember that Wayne was looking to get off of Cash Money just a few years ago. He was leaving because he wasn't getting paid.
Wayne gets Baby's leftovers. His house is Baby's leftovers. His cars, the same. His former chick, Trina, Baby's side hoe. C'mon young people, smarten the fuck up!
I Think all yall sound like a bunch of no it all faggots...Its fun to read the articles on here but you niggas be taking the shit to the next level with the comments.How the fuck does anybody know what's in the next man pockets??Is yall fucking him or something???That's why yo bitch want a real nigga like me!!!!
Uhhh.... SOHH is SOHH pathetic.... THIS STORY IS FUCKING O.L.D Is it a coincedence that the Carter 3 is comin out, and they are re running this story? Got people writing whole essays in the comment sections bout old news.... Wayne prolly made 5 times this in show money from the time this article was first written.... SOHH need these four words... STEP YA GAME UP... cuz yall slackin
Uhhh.... SOHH is SOHH pathetic.... THIS STORY IS FUCKING O.L.D Is it a coincedence that the Carter 3 is comin out, and they are re running this story? Got people writing whole essays in the comment sections bout old news.... Wayne prolly made 5 times this in show money from the time this article was first written.... SOHH need these four words... STEP YA GAME UP... cuz yall slackin
man thats deep, all rappers out there watch your change lol
check out my page
www.myspace.com/hustletoeatandsurvive
Yall trippin. Dude is talking that crazy mess and all Wayne owes him is a $130,000? I'm a promoter and I can tell you that Wayne makes half of that doing ONE show. That on top of feature money, radio and publishing royalties, in addition to the regular payola he receives. Trust me that money is nothing to Weezy! THey probaby just aint .paying dude for some reason
If wayne would've bought houses for 10 homeless families would that be posted, damn all you sites make me sick, how can u be a hiphop site but try to take hiphop Down and these dumb slave ass coons sit there and go with it
that nigga broke he owe a couple pf dollaz thats all cuz when he get paid for thiscd e pay that couple dollaz for that old ass car he black wat u expect we got fucked up credit but he got change to fixed it