Curtis ’50 Cent’ Jackson files for bankruptcy

Oh, how the mighty have fallen. It seems like a former megastar in the rap world has fallen on hard times as of late as it was announced on Monday morning that Curtis “50 Cent” Jackson has filed for bankruptcy protection.

According to the Wall Street Journal, Jackson filed for Chapter 11 bankruptcy protection on Monday.

This was the same day that Jackson was scheduled to appear in court over a 2010 lawsuit involving him and Lastonia Leviston, ex-girlfriend of fellow rapper Rick Ross. The lawsuit stems from accusations against Jackson that he violated Leviston’s privacy by posting a sex tape of her online.

Jurors in the case said last week that Jackson should pay Leviston $5 million, but he and his lawyers are appealing that amount of money.

“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs,” said William A. Brewer III, his lawyer, in a statement.

So you mean to tell me that 50 Cent isn’t the “motherf-ing P.I.M.P.” that he claimed he was back in the early 2000’s? Shocking.

Whatever happens with 50 Cent, I guess he has put himself back into the limelight, but this is once again not in the way he would have liked.

I’m sure Floyd Mayweather is happy to hear about this.

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*Featured Photo (above) credit to Associated Press