Cyrus Langhorne
Maybach Music Group leader Rick Ross‘ ex-girlfriend Lastonia Leviston has reportedly earned her big payday this week from rap star 50 Cent.
According to reports, Fif has agreed to pay millions to Leviston for leaking her sex tape back in 2009.
50 Cent has agreed to hand over $6 million of Rick Ross’ baby mama’s $7 million sex tape judgment as part of a proposed $23.4 million bankruptcy repayment plan. Under his debt proposal, filed May 17 in U.S. Bankruptcy Court in Connecticut, Lastonia Leviston will get the lump sum in exchange for dropping her $7 million sex tape case against him, and if 50 Cent doesn’t pay within 30 days, Leviston’s original claim will be reinstated. (Bossip)
A federal bankruptcy judge gave preliminary approval to a multi-million dollar plan 50’s legal team presented yesterday (May 18).
Lawyers worked “very hard to reach a compromise mechanism,” Judge Ann M. Nevins said at the end of the more than one-hour session in Hartford. A third and final disclosure statement that will include changes such as a provision calling for a bond will be submitted May 27. The plan, which is backed by 50 Cent, is intended to provide information to those with claims against him before they vote on a reorganization plan. (Courant)
Reports earlier this week revealed how much of a hurdle 50 had in his pricey bankruptcy case.
While The Get Rich or Die Tryin’ star, whose real name is Curtis James Jackson III, previously said he was only $28 million in the red, it has been revealed he is actually $36 million in debt – and he only has $19 million in assets, according to the documents obtained exclusively by Daily Mail Online. (Daily Mail Online)
In mid-April, reports claimed 50 would reach a multi-million dollar plan to settle his bankruptcy drama.
Fiddy plans to dole out the biggest pay-out to headphone company Sleek Audio, with $17.3 million, according to court documents obtained by the gossip site. He also pledged $4.9 million to Sun Trust Bank and said he plans to liquidate some of his assets to cover the massive debt. The hefty proposal would work out to roughly $400,000 a month. (New York Daily News)
