Nick Cannon Going Broke? Lil Kim Back To Jail?

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RUMORS: Nick Cannon Going Broke? Lil Kim Back To Jail?

Author: AB
Read 1704 Times Since
Posted on 2009-03-16

Nick Cannon Going Broke?

We were all a little surprised when the news of Nick Cannon and Mariah Carey getting married came out in the news. The two were still a very fresh item and the mismatching of their ages also caused a few chuckles. After awhile though things calmed down and we all got used to the idea of the two. However some new news is coming out about Nick’s current state of financial affairs and it is not good news.

Word is that Nick is in serious trouble when it comes to his paper and is catching multiple lawsuits because of it. Nick has not had a movie role for some time and his show “Wilin Out” has not been renewed for another season on MTV due to it’s low ratings performance. All of this has supposedly got Nick in some serious trouble. He was recently hit with a lawsuit from the jeweler who sold him the $500,000 dollar engagement ring he bought Mariah after he reportedly tried to duck paying the jeweler the remaining $400,000 he still owes on the ring. After the issue was brought to the courts though he agreed to pay off the remaining balance through installments every month. He also was sued recently by a former business partner who accused Nick of backing out of several investment deals the two had going after he couldn’t cover his end. That lawsuit is still in legal limbo.

Damn Homie. I must say though even with all of this fuckery who can ever feel bad for this guy? Even if he is flat broke, he’s married to Mariah Carey! That means he will never be doing too bad.

Lil Kim Back To Jail?

Just things were looking a little up for the plastic warrior it now looks like Lil Kim may be facing some serious trouble. It was recently rumored that after her Dancing With The Stars stint Kim would be joining Akon on his Konvict Muzik Label. However now a different type of rumor is coming out that would make Kim a whole different type of convict. Although it would not be one that she isn’t used to.

Lil Kim owes Uncle Sam some money. A lot of money actually, almost to the tune of 1 million dollars! Word is Kim has not paid any taxes since 2005 and the government has finally come knocking on her door for their piece. $979,090 in delinquent state and federal taxes, is what Kim must pay soon or the word is she is going back to jail! The only money Kim has coming in as of right now is her Dancing With The Stars thing and they are definitely not paying contestants a milli on that hack show. A rep for Kim spoke out on this situation and only had this to offer, “Lil’ Kim is paying her tax debt and will continue to do so.”

Well let’s hope so. Another jail stint would not be a good look for Kim, we would forget even more about her. Maybe Akon will come to her rescue just in time…?