Tuesday, March 22nd, 2011 at 6:58 pm
Things have gone seriously downhill for Young Buck since his G-Unit days. Claims against him have reached a jaw-dropping $11.5 million dollars as G-Unit records filed a $10 million claim in the bankruptcy case for breaching his contract, 50 Cent has filed a $171,000 claim as he claims Buck owes him this from a $300,000 loan in 2005, and Buck also has a hefty tax bill of $334,000 to pay.
Young Buck’s new lawyer, Robin Mitchell Joyce, claims that Buck is in this position as the people who should have looked out for him were all under the G-Unit umbrella; that is to say his manager, business manager, legal counsel and booking agent were all employed by 50 Cent who Buck once said he planned to sue.
Joyce states that: “The money went in and the money went out and Buck’s universe of knowledge about his financial state is a balance on an ATM receipt. … Buck never knew at one point, at several points, that he was a millionaire.”
50 Cent has also released a twitter statement that he will not help Young Buck. Combine this with Buck’s March 7th arrest and a possible 10 year jail sentence things are not looking so hot for the rapper these days. This is what happens when rappers don’t mind their business. Spotted at HHW.