R&B singer Ginuwine is making headlines this week courtesy of his attorney revealing just how much in debt the platinum-selling musician is.
Ginuwine’s attorney revealed how much of a financial crunch his one-time client is currently in.
“Mr. Lumpkin is very close to declaring bankruptcy,” Ginuwine’s lawyer, Bruce Beckner, said. “He owes my firm a ton of money and a bunch of other people a ton of money. He owes Uncle Sam 300-odd thousand dollars in back income taxes.” (NY Daily News)
Check out what a music producer said about Ginuwine’s woes right here…
Music producer Robert Reives also dished on what Ginuwine owed him.
Beckner attributed the money trouble to a recent divorce from his wife, the rapper Solé. Reives says he is owed royalties from a $1.25 million five-album deal Ginuwine signed with Sony, and seeks as much as $250,000. Ginuwine argues that Reives’ claim falls outside the statute of limitations, and that he isn’t owed anything. The two sides will argue their case in Manhattan Federal Court Monday. (NY Daily News)
Following the widespread coverage, Gin posted up some motivation words onto his Instagram page.
u thought u were ballin but now you fucked everything up
He is hiding assets they said because of his wife he is worth 11 million.