Grammy-winning producer Timbaland is currently catching fire over an alleged $1.8 million stolen watch claim he made with an insurance company.
According to reports, Timbo could have a very difficult time receiving a penny in the case.
Timbaland is a big fat liar who’s trying to get one over on his insurance company by filing a bogus $1.8 million claim over a missing watch … this according to legal docs filed by the insurance company. TMZ broke the story … Timbaland filed a lawsuit against American Home Assurance Company claiming his 2-year-old daughter lost his Jacob & Co. watch bedazzled with 30 carats of diamonds … and the insurance company won’t ante up. But in new legal docs … A.H.A.C. claims it doesn’t owe Timbaland a dime — claiming he’s been as slippery as a seal, lying like a rug. (TMZ)
The insurance company has pointed out key reasons why Tim is at fault.
— Timbaland bought the watch for $900,000 but insured it for TWICE the purchase price. — Timbaland reported the watch stolen … but 4 months later claimed his daughter misplaced it. — Everyone involved told a different story … the wife implicated another female, the assistant implicated the maid, the maid only copped to sleeping with Timbaland’s brother-in-law and the brother-in-law refused to cooperate. No one ever mentioned the daughter losing the watch, like Timbaland belatedly claimed. (TMZ)
Outside of legal matters, the mega producer recently joined forces with rap mogul Jay-Z‘s Roc Nation company.
“”And I Won’t Surrender It With Beats By TIMBALAND” 01.30.2013 Roc Nation welcomes TIMBALAND to the family.,” a Life + Times post reads along with a photo of both music stars lounging together in a recording studio. (Life + Times)
He has also kept busy by teaming up with G-Unit’s 50 Cent and his SMS Audio headphones brand.
The “Candy Shop” hit-maker founded SMS Audio LLC in 2011 and his range of electronics has been a big hit among fans. Now, Timbaland is throwing his support behind his pal’s business venture by funneling his own cash into the firm and agreeing to serve as a member of the corporation’s board of directors. The music producer, real name Timothy Mosley, will also help design new products. (Star Pulse)