EXCLUSIVE: 50 Cent Bankruptcy Docs Reveal Omari Hardwick Loaned Him $20k, Rapper Paid $50k in Confidential Settlement
50 Cent Bankruptcy Docs Reveal Omari Hardwick Loaned Him $20k
theJasmineBRAND.com exclusively reports, 50 Cent scored nearly $50k in the confidential settlement in the battle with an auto shop he accused of holding his Bentley hostage — this revealed in newly filed bankruptcy docs, which also show his Power co-star Omari Hardwick loaned him $20k.
Here’s the latest: In May, the rapper turned music mogul filed docs in the case explaining he is dropping his legal battle against luxury auto shop, Phenomenal Vinyl.
50 Cent said he reached a confidential settlement with P.V. in the case. Per their deal, they will each dismiss all claims against the other. The terms of the agreement were to remain sealed.
However, docs filed in the rapper’s ongoing bankruptcy case reveal 50 scored nicely in the settlement.
The monthly operating report filed by the bankruptcy trustee – for the month of April – reveals he received a check from Phenomenal Vinyl for $50,000 and Forgiato paid him $10,000.
The docs also reveal 50 had $20,000 in cash delivered to his Power co-star Omari Hardwick, to repay a loan he gave the rapper.
Here’s the backstory: Last year, the rapper turned music mogul sued Phenomenal Vinyl, Rim Source Motorsports and Forgiato for using his face to hawk their products without permission. He admitted he hired them to work on his cars, but was clear they were not allowed to use his photos on social media, which P.V. agreed to but later disregarded their promise.
He sued for trademark infringement and accused P.V. of holding a set of his rims hostage until he paid $31k, which he says is substantially overpriced in what he believes is retaliation.
Phenomenal Vinyl responded with a counter-suit against 50 Cent, denying any wrongdoing and claimed he gave them implied consent to posting the photos on social media.
P.V. sued 50 for screwing them out of $21,781.81 for work done on his Bentley Mulsanne. He agreed to pay $31,781.81 for the work, but had only paid $10k leaving an unpaid balance of $21k.
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