50 Cent Denies Ever Owning Bitcoin
Just tell us the truth, Fiddy.
TMZ reported a while back that rapper 50 Cent made nearly $8 million in crypto-currency off album sales. It was noted that 50 accepted Bitcoin in exchange for his album titled Animal Ambition released in June 2014. The price of Bitcoin in June 2014 was roughly $600 per. Towards the end of 2017, the price per Bitcoin shot up to roughly $17,500. Thus, making his album sales worth a whole lot more today.
He claims to the bankruptcy court that never happened.
50 Cent filed for bankruptcy in July of 2015, claiming to have owed $28 million in personal debts. When he recently appeared again in court to address his bankruptcy, he told the courts he has never owned Bitcoin, let alone accepted it as a form of payment for his album.
Now this makes me wonder, why would he brag in an Instagram post about his uncharted success if this wasn't true? Here is a photo pulled from The Verge of 50 boasting his success of the Bitcoin sales.
If you are accused of perjury in a bankruptcy case, it can be a very bad thing. Lying about the amount or what type of income and expenses you have incurred can result in punishment from a federal court. Many people who have committed perjury in a bankruptcy case have been sentenced to substantial time in prison.
I don't want to see you go to prison, 50. I just want you to tell them the truth, embrace the success.
