Bow Wow Sued Over Repossessed Lamborghini
. SunTrust Bank filed the lawsuit against Bow Wow -- real name Shad Moss -- claiming he took out a business loan worth $300,165 and agreed to make 84 monthly payments of $4,730. According to bank records filed with the lawsuit, Bow Wow fell behind on payments last year ... with a remaining balance of roughly $160,000. The docs show the bank repossessed the rapper's Lamborghini Murcielago to settle the debt -- and managed to get $161,000 for the exotic car. You'd think that would be the end of it -- but the bank tacked on over $25,000 for "repossession expenses." According to the lawsuit, Bow Wow still owes the bank $21,371 -- and the bank's suing for every last penny. TMZ broke the story ... Bow Wow is also being chased down by a collection agency over a $283,000 judgment against him, stemming from a Ferrari he stopped making payments on. Sources close to Bow Wow tell us, the rapper attributes all his money issues to his ex-management team. We're told he has since cleaned house and is now working to fix his financial mess. more on this story TMZ submitted this story.
...end |
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Slipknot To Play Rare Intimate Venue Show This Week
Deep Purple Announce New Album '=1'
Howard Jones, ABC And Haircut 100 Taking Fans Back To The 80s This Summer
Veil Of Maya and Brand Of Sacrifice Lead Summer Slaughter Lineup
Watch Sebastian Bach's '(Hold On) To The Dream' Video
Kittie To Rock North American Headline Dates
Billy Corgan's Adventures in Carnyland TV Series Premiere Announced
GHOSTxSHIP Releasing First New Music in 10 Years