Thursday, August 14, 2008

Lil Wayne is $150,000 in DEBT!!


Well he was...
(shout to SOHH for the story)
After being served a judge-approved complaint claiming he owes $146,000 in jewelry debt, multi-platinum selling rapper Lil’ Wayne has reportedly settled the suit.
According to the Miami Herald, Weezy is currently being accused of short changing New Orleans, Louisiana diamond dealer Jack Sutton by having only paid $24,000 for roughly $170,000 worth of jewelry. The purchased items were a $138,000 diamond ring and $32,000 gold-and-diamond necklace both obtained in October 2006.
Aside from jewelry debt, the superstar also owes nearly $1 million to the IRS for income tax. According to a May 6 notice of federal tax lien obtained by Herald, he owes $977,840.81, yet Sweeney promises “it’s been paid” claiming the payment has yet to be recorded.

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