Curtis “50 Cent” Jackson is suing his business managers for allegedly botching his bankruptcy, costing him an extra $200,000 in taxes and claiming that they illegally helped themselves to $90,000 of his money.
On Tuesday night, the rapper filed legal papers in Connecticut Bankruptcy Court saying California-based GSO Business Management LLC “failed to counsel” him fully about his 2015 bankruptcy filing, which came days after a jury ruled that the hip-hop artist must pay $5 million to a woman suing over a sex tape that was posted without her permission.
The papers say that the move meant the rapper was forced to fork over more in taxes.
It is also alleged that GSO “improperly helped themselves to approximately $90,000 of Jackson’s money and paid itself . . . without prior . . . approval.”
The star is seeking full compensation and damages. One of the five GSO managers named as a defendant in the suit is Jonathan Schwartz, who has already been sentenced to six years in jail for embezzling nearly $5 million from Alanis Morissette.
50 Cent’s lawyers Imran Ansari and Arthur Aidala told Page Six in a statement, “GSO completely disregarded the procedures of the bankruptcy court, and improperly helped themselves to Jackson’s money in order to pay themselves.”
Reps for GSO didn’t return calls.