Rapper, 50 Cent‘s bank account has reportedly been frozen. Following a a
dispute sometime ago, a court ordered the rapper to pay Sleek Audio a
reported $17.2 million back in April and failure to pay the money has
led to the freezing of 50 Cent’s bank account.
In 2011, 50 Cent and
Sleek announced a partnership to release headphones, but just a few
months later, they parted ways. ‘The license arrangement between my
company, G-Unit, and Sleek Audio to produce headphones branded as ‘Sleek
by 50′ has been cancelled’ 50 Cent said at the time.
‘Instead, I have
established a new company that is developing a complete line of audio
accessories, including wireless headphones, offering superior sound
quality along with cutting-edge technology for all music lovers to
enjoy,’ he further announced.
He ended up releasing his SMS Sync by 50
headphones, which Sleek reportedly said offered ‘basically the same
design, mechanically’ hence the need for the company to seek
compensation. 50 Cent’s lawyer says they’re appealing the ruling
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