(EXCLUSIVE) 50 Cent: I’m Owed $2.3 Million Dollars From Boxing Company!
The amended schedules show that along with the $2.3 million in liabilities the company only has $644,903 in assets. The majority of the assets the company has are in the form of gym equipment which totals $540,404 … along with $9k in a checking account and $1k+ in petty cash.
SMS Promotions liabilities include $32k owed on a lease agreement, $2.3 million owed to Curtis Jackson aka 50 Cent in unsecured loans along with various other creditors.
50 Cent
It appears 50 Cent dropped millions to launch the company but it failed to bring in a profit to pay him back on the loans thus far.
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