News: Bow Wow Starts Cleaning Up His Financial Mess, Hires New Team
Sunday, May 27, 2012 9:15PM
Cash Money Records' Bow Wow is looking to finally get back on track to living a stress-free life without the concern of publicized financial woes with reports claiming he has hired help to address his business affairs.
According to weekend reports, the path to less legal woes first starts with him paying off a $4,000 suit.
A Georgia court ruled this week in favor of the limo company that sued the rapper for not paying his bill. He's been ordered to pay $3,594.87 in a default judgement because he never showed up in court. Sources close to Bow Wow tell TMZ he is currently in the process of cleaning up his financial troubles, which has included hiring a new team to handle his business affairs. Bow Wow already paid off one lawsuit this year -- $90,000 to settle an unpaid tour bus bill -- and we're told his new team is already in the process of dealing with the three tax liens already against him for the years 2006, 2008 and 2010. (TMZ)
Earlier this month, Bow Weezy laughed off his past publicized tax problems.
"H*ll yeah! [Laughs] Word up. Tell 'em blog that! Yeah I wrote that check, tell 'em blog that," Bow Wow said when asked if he would like to confirm not having any legal or tax issues as of now. "People be forgetting, celebrities we work. I'm in the studio, I'm on a movie set, I have a million things for me to worry about. That's just something like 'Oh s--t, I forgot.' You need that [check]? That's the situation, but I'm all good. If I wasn't good then my black a-- would've been in jail! (Hip Hop Wired)
Back in November, reports emerged online claiming he owed nearly $100,000 to the government.
Bow Wow is all grown up now, but just because he's a lil older ... doesn't mean he's learned how to pay off Uncle Sam -- he owes almost six figures in back taxes, this according to court documents. A tax lien filed in Florida by the federal government says the rapper, real name Shad Gregory Moss, owes the government $91,105.61 for unpaid taxes from the year 2006. A pair of magical sneakers won't solve this problem. (TMZ)
Days prior, he inked a blog post calling out TMZ and other gossip blogs over financial accusations.
"Its two ten in the morning and im up watching Soul Train. Before I get into what I came here for, TMZ saying they are about to run a story on me thats once again "Not True" as I'm sitting in my beautiful condo as of RIGHT NOW that they said i dont have anymore. (Bow Wow with no home thats like a whore that doesn't like d**k) We all know not to believe anything the media writes or blogs its their job to entertain the minds of the simple minded." [sic] (Bow Wow Underrated Blog)