Grammy-winning rapper Lil Wayne is reportedly unfazed by reports which claim he is in danger of losing property over a $3.4 million judgement against him.
Despite owing millions, reports claim Wayne can easily clear what is due.
Lil Wayne is laughing at reports that he’s about to lose his mansion and fancy cars to satisfy a $3.4 million judgment against him — because he says that kind of jack is pocket change to him. Wayne had sued Quincy Jones III over a documentary about the rapper’s life. QJIII countersued … claiming Wayne screwed him out of profits by acting so unreasonably. The California jury saw it Quincy’s way and slapped Wayne with the multi-million dollar judgment. Now we find out … Quincy’s lawyer has moved the judgment to Florida … where Wayne has lots of assets, including an $11 million mansion and a Bugatti that’s worth more than a mil. There’s a report out that the lawyer is taking aim at these goodies to satisfy the judgment. But our Wayne sources say no one is going to sell any of Wayne’s assets to satisfy any judgment, because he’s worth as much as $100 million and can easily pay off the judgment. (TMZ)
Reports of Wayne losing the lawsuit turned into a hot topic back in early November.
A judge reportedly ordered the Young Money head honcho to pay $2,195,000 after ruling in favor of a countersuit filed by producer Quincy Jones III over the documentary, tossing out Lil Wayne’s original suit. He originally sued over the use of his music and his “scandalous portrayal” in the 2009 indie film, which followed the MC before and during his “Tha Carter III” album release. (Billboard)
To add fuel to the fire, the rap star’s released deposition tapes may have hurt his chances after they emerged in September.
It’s the most entertaining legal proceeding — possibly ever! In a videotaped deposition … Lil Wayne — who is suing Quincy Jones III over a documentary about him — says he can’t remember ANYTHING — but what he DOES remember is hysterical. Q III had his production team follow Lil Wayne around for months to chronicle his life as he was putting together his album, “Tha Carter III.” It appears Lil was on board, but things fell apart because the rapper hated the movie, calling it a “scandalous portrayal.” Lil Wayne is grilled by Qunicy’s lawyer, Pete Ross from the powerhouse law firm of Browne George Ross, who hammers Wayne about his criminal record, but the rapper claims he remembers nothing. And then there are the alleged threats Wayne makes against Pete Ross. Wayne says he wasn’t threatening the lawyer. (Anti Music)
This latest news comes just weeks after Wayne wrote nearly an $8 million check for tax-related debts.
The taxman has released liens it had on rapper Lil Wayne’s Miami Beach house after the diminutive singer paid off back taxes for a total $7.72 million, Gossip Extra has learned. Katching! The IRS, and we the people, thank you! According to court filings, the tatted out chart-topping singer of Got Money and Lolli Pop became the target of not just one, but THREE liens for unpaid income levy. Weezy, 30, owed $3,351,077.95 for 2008 and $2,258,956 and 4 cents for 2009, according to Miami-Dade County records. The other liens listed money owed since 2002! (Gossip Extra)