Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Friday, 17 May 2013

Chris Brown Refuses To Remove Graffiti From House But It Is Going To Cost Him (Video)


R&B badboy Chris Brown is refusing to remove graffiti he spray painted on the wall outside his home, which is said to be scaring neighborhood children, as it contains three "devil" faces. When asked of his intentions regarding the graffiti, after being fined by the city, Brown cursed and said he is not removing it.


This could prove a costly decision, as interest and penalties continue to accrue on the fine. Once it reaches a certain threshold, the city can place a growing lien against his home, eating away at the equity contained in the property. I Brown chooses to sell the property in the future, the lien would have to be squared before the property could close in a real estate sale. Is this worth the chunk of change it could cost him in the long run. The answer is no.

Tuesday, 14 May 2013

Chief Keef Is Engaged To A Butt Model But Does He Have A Prenup To Cover His Butt (Photos)


Chief Keef and them

It was revealed yesterday that 17-year-old rapper and ex-con, Chief Keef, is engaged to butt model Pretty Mesha. He tweeted photos of her in his bed. She posted a photo of her engagement ring. Keef, real name Keith Cozart, signed a lucrative recording contract worth millions, which included a large advance (lump sum). He also earns an estimated $13,000 per month in royalties, this is in addition to the money he makes from appearances and shows.


Pretty Mesha

Keef is under a court ordered supervisory program regarding his finances, as he is a minor. It will be interesting (to see), not to mention advisable that he obtain a prenuptial agreement in the event the engagement turns into marriage (as he also has a child by another girl, whose financial future and interests he needs to protect). No offense intended to the couple, but history has shown, sometimes when marriages don't work out, one partner tries to financially wipe out the other one, especially when infidelity is involved. Nonetheless, the Judiciary Report wishes the couple well.

Tuesday, 30 April 2013

Fantasia Loses Mansion In Foreclosure After Wasting Money On Married Man


Fantasia

American Idol winner, Fantasia Barrino, is the latest star to lose a property to foreclosure. Rather than fight the foreclosure, Fantasia signed the $1,100,000 North Carolina house over to the bank. This marks the second time it entered foreclosure territory. Barrino even tried selling the house for $500,000 less than she purchased it for, but there were no takers.

Problems occurred when Barrino began living beyond her means and wasting money. The Judiciary Report has consistently written that people should save their money, not spending it all at once, expecting more will roll in.

Fantasia bought too many luxury vehicles and designer clothes. To make matters worse, she began wining and dining a married man, Antwaun Cook, buying him expensive clothes and taking the adulterer on lavish vacations. Said money could have gone to paying her mortgage. Another option would have been renting out the property.


Fantasia's foreclosed home

With all the single men about, Fantasia should have chosen one of them and saved her money. The Judiciary Report stated from the start Cook did not love her and was only with her for the money and fame. Now one’s gone and the second is fading.

Due to my dad’s job and that of many of our family friends, I’ve seen and heard about many stars hitting hard times, after being famous. That’s how the industry has always worked. One minute your up and the next, not so much.

To survive fame, you have to keep your wits about you, save your money, pick safe investments and do not indulge in vices such as drugs or end up on the scrap heap, broke and broken like so many before you. When you think about it, fame can be a sick game.

Friday, 19 April 2013

Rappers Faking Finances (Jay-Z And Diddy)


Jay-Z

Some folks try to emulate the lavish lifestyle of rappers, not realizing many of them are faking it. Years ago rap group the Roots had a music video humorously revealing the fact, most of what rappers flaunt is often rented. Many rappers are pretenders. A recent hacking of financial data revealed both Jay-Z and Diddy, two of the most famous rappers in the industry, have debt problems and items in collections.

However, their public image is that of bragging about their mansions, cars, clothes and jewelry. They are seen partying and sipping expensive champagne that some of them couldn't even pronounce correctly (see: Jay-Z). They insert themselves in political and business circles way above their stations in life, with no sense of decorum or humility regarding their actions (see: Jay-Z).

Jay-Z is a crook and ignoramus stealing people's copyrights and business plans, he does not understand and promptly runs into the ground, while pretending to be an entrepreneur (another word he pronounced incorrectly while bragging about his alleged business accomplishments that are without merit).

Due to his bewildering, inexplicable ties to the President of the United States, Jay-Z and his wife Beyonce, a woman who has been sued repeatedly for copyright infringement, theft, fraud and bad business dealings, believe they can do anything, even if it is illegal. So much so, the couple recently embarrassed President Obama and placed his job in jeopardy, regarding a trip to Cuba they tried to blame him for when the brown stuff hit the fan.

Everything Jay-Z touches turns to garbage. The ex-drug dealer, who still brags about selling drugs, stole business plans for restaurants, a hotel, a management company and a sports company, with all of said ventures hitting the wall shortly after being launched. His so-called hotel failed before the doors even opened. His restaurant in Vegas was involuntarily shuttered. His sports bar in New York was sued by employees he treated like slaves, refusing to pay them and was temporarily shuttered by the health department for gross code violations regarding the food.

His former record label Rockafella, which he started with drug money, was closed - this after Jay-Z fraudulently inflated the value thereof, only for the public to find out the company and accompanying clothing line were worth very little. His stake in the New Jersey Nets (Brooklyn Nets) was very minor and severely diluted, though he went around like the emperor with no clothes in claiming he owned the team. His stake therein was valued at $350,000 - peanuts, especially in comparison to the real owner's share of stock in the multi-million dollar team Jay-Z has been pushed out of. He didn't even own 1% of the team. At the end of the day that's not an owner - simply an investor. That's like buying a few shares in Apple then going around telling everyone you own the company. Delusions of grandeur.

 

Diddy

At least Diddy went to university for a time and has some understanding of business. His clothing line Sean John was professionally done and maintained a level of quality worthy of a global brand. His label Badboy did sell a lot of records for a time (however, the music was very negative and profane). But Diddy spends too much money and parties to extremes, which would destroy just about anyone's finances. The hack revealed Diddy is millions in debt and had a big foreclosure on one of his properties.

Years ago a friend of mine who is a songwriter, was given Diddy's number and told to give it to me, regarding my songs (I have a copyrighted catalog of over 15,000 songs that I began authoring when I was a kid, as I come from a family of accomplished published writers, playwrights and journalists). My dad, one of Jamaica's top radio disc jockeys and musicologists, whose radio show is broadcast to millions around the world every month, didn't want me to get mixed up with Diddy. I wasn't too keen on the idea either, so I didn't call when my friend gave me his number. I'm not into that wild life Badboy is known for.

Just the other day, I saw one of the mothers of Diddy's kids Kim Porter at a restaurant in passing. Diddy pays her (and others) large sums of money in child support, maintaining very lavish lifestyles for the women he impregnates (and it's helping to bankrupt him).

God never intended for Diddy (or anyone else for that matter) to have all these "baby mothers" necessitating one maintaining so many households. He should have been married and kept it all in one place. However, a number of entertainers and athletes are going bankrupt due to promiscuity and the financial consequences thereof.

At the end of the day, be careful who your role models are. The entertainment industry is often smoke and mirrors. Many like to project an image of wealth and success, but a number of people are nowhere near as rich as they claim and rely on illegal means such as copyright infringement, ponzi schemes, financial theft and drug dealing for ill-gotten gains. However, the FBI allows this criminality, facilitating what is essentially a mafia and monopoly.

In closing, be happy with your life and earn an honest living. Stop trying to be like certain people on TV, who aren't worthy of your respect and admiration.

Tuesday, 16 April 2013

Would You Spend $15,000,000 On A New iPhone (Photo)



iPhone 5

Stuart Hughes of Liverpool, England has designed a $15,000,00o iPhone replete with gold case, 26 carat black diamond and 600 white diamonds. The expensive phone was commissioned by a businessman in Hong Kong. As mobile phones depreciate so quickly, it remains to be seen if the unit will hold its value over time or be dismantled for its jewels.

 

STORY SOURCE

$15 million iPhone

Bling rarely costs this much. An unidentified Hong Kong business commissioned craftsman Stuart Hughes of Liverpool to create an iPhone valued at approximately $15 million. The iPhone 5 has 600 flawless white diamonds and solid gold dressing. The Apple logo itself has 53 diamonds. But the crown jewel is a rare 26 carat black diamond, which has been incorporated into the phone as the home button.

Don't Let Her Bankrupt You




Relationships can be difficult. Finding the right person for you, especially when you have money, can be tricky. Some women are shameless gold diggers. They use their looks to get men they do not really have feelings for to get to their money. Women of all races have done this, rather than supporting themselves. It really isn't fair to deceive a person that you care for them, when you're after their money.

One woman I know married a man twice her age because he has money, but she's not in love with him. They are as unhappy as can be. That's not to say people with age differences can't fall in love and marry, because they do all the time and some happily make it work. Older men often have their act together in terms of knowing how to treat a woman, where as younger men are sometimes immature.

There's a guy I know whose girlfriend is using him for money. All of us can tell she is using him for his money, but for some reason he is not getting the picture. She's always asking him to buy her stuff - everything is "get me this" "can I have that" "I want this" "buy me that" or "I need this." She is slowly but surely bankrupting him, as he has racked up some serious bills trying to make the gold digger happy. And when she does bankrupt him, we his friends, will have to help him out.

But men do this as well. One of my friends has a lot of money, but you would never know it as she lives a fairly modest life. However, as my family helped her with a financial transaction, we know she has a lot of money hidden all over the place. She is very shrewd and the one boyfriend that tried to burn her in the area of money proverbially got dragged through court upside down for it. We haven't seen him since (LOL).

However, another of my friends fell in love with this guy, who was a salesman. She thought he cared about her, but he was using her. She is a very giving person with a kind heart, so to help him with his job, she used $10,000 of her life savings to buy from the company he works for, as he would get the commission for the sale. I never trusted him and begged her four times not to spend the money, telling her to save for a rainy day (especially in this economy).

He led her on and they dated. She was happy for a little while and I was happy for her, but got a bad feeling about it. She bought him an expensive mobile phone because he said his was giving trouble. One day she came to me asking about buying a computer, because I'm the tech expert in our circle of friends. I told her she didn't have to buy the high-end computer she was asking me about and I'd get her a good low priced built one that does all the same things. Then she told me it wasn't for her, it was for him and the high end computer is what he requested. Oh, I nearly lost it. I walked her right out of the computer store. I don't like it when people take advantage of my family or friends. 

Usually I'm very polite, but the one time I met him, I was giving this dude some serious "side eye" (I was staring him down like my name was Suge Knight) because I like to follow my instincts and got a bad vibe about him. Months later, she found out he is married with kids...this is after he borrowed money from her, on top of what she gave him in sales. She was devastated. People don't think when they use others it has an emotional effect, while some just don't care, only in it for themselves.

The sad part is her boyfriend before him was nicer, did thoughtful things for her, got along with everyone and anytime anything went wrong, he was always there for her. Thankfully they got back together after she gave the married male gold digger the boot.

In closing, I'm not a materialistic person, but in this world money is a factor. If you're in a relationship, it's great to be kind, generous and loving with each other. Just make sure you aren't being used and taken advantage of by someone who really doesn't care about you, only about your money. Because when your money is gone, they will be too.

Friday, 15 March 2013

Justin Bieber Apologizes For Slamming Lindsay Lohan As A Broke Loser


 
Justin Bieber: you wouldn't hit me, would you Lindsay!

Pop star Justin Bieber has apologized for slamming train wreck actress, Lindsay Lohan. Yesterday in a post on the website Instagram, Bieber stated regarding his fellow former child star, ""And to those comparing me to Lindsey Lohan look at her 2012 tax statements ;)." The one time A-list actress was livid regarding the diss, which is one of many from other entertainers and the pop culture press.


Dina Lohan and her out of control daughter Lindsay Lohan (their hair - they look like they've been electrocuted)

Bieber apologized hours later stating, "My post was only up for a few minutes but I realized right away that what I said at the end was wrong and distracted from what I was trying to say. I immediately deleted it and rewrote it so it would show what I was really feeling and those words are up now."


You know Lindsay is on something dressing like that

Lindsay threatened to beat you up, didn't she. Be careful Bieber. Lindsay, who is in court on probation violations, has no impulse control, will get drunk and try to upper cut you, as she has done to others in publicized incidents, believing she will never spend any real time in jail for her actions. Some jail time would be beneficial giving her time to dry out and face her addiction head on.

Saturday, 2 March 2013

President Obama Slams Spending Cuts Labeling Them 'Dumb'


U.S. President Barack Obama is angered that $85 billion in budget cuts have gone into effect, due to the much talked about sequester. The president referred to the budget cuts "dumb." However, as much as the president is not in favor of the budget cuts, the government is spending too much money.


Barack Obama

It's a bad sign that even with the economy still facing tough times, members of Congress are unable to compromises, having to force their plans through, as opposed to coming to a mutual agreement. Both political parties are guilty of this.

Thursday, 28 February 2013

Black History Month And The Business Place


Barack Obama

As black history month in America draws to a close, the Judiciary Report would like to reflect on the state of life in America for black people. While progress has been made, there is still a long way to go. America has its first black President Barack Obama, which was a major milestone for the nation. More black politicians have gained places of prominence in the Republican party as well as the Democratic party.

In the business sector, things continue to lag behind, as some on Wall Street continue monopolies and "unfair business practices" designed to keep minorities out. Until the business sector follows the law of the land and desists engaging in discriminatory and fraudulent practices against minorities, equality will be but a dream, as an even economic playing field leads to equal opportunities for all - black, white, Hispanic, Asian and all.

Wednesday, 20 February 2013

Mary J. Blige's Money Problems Worsen As Eviction Notice Placed On Her Door


Mary J. Blige

Cash strapped R&B singer, Mary J. Blige, has been hit with two lawsuits from banks regarding $2,500,000 in loans she defaulted on. She has been slapped with a tax lien of $900,000. Her charity is also under investigation for theft of donated funds. The most recent development in her financial problems comes courtesy of an eviction from the luxury New York apartment building, the Ashely, where units rent for $10,000 and higher per month. It is being reported she has not paid her rent in one year.


Mary J. Blige's house in New Jersey 

Blige also purchased a $13,000,000 Saddle River, New Jersey mansion 5-years ago that she is trying to unload. Blige placed the Saddle river mansion on the market 2-years ago adding too much to the asking price, resulting it the house  languishing with no buyers, as property taxes of tens of thousands of dollars per year accrue.


The Ashley

At the current rate, it is only a matter of time before Blige defaults on the mortgage of the Saddle River house and loses it at auction, where all of her creditors liens and financial judgments will be satisfied. In fact, her creditors can force a foreclosure under the law. As stated in the column two days ago, Blige should sell the property, which will free up her cash flow, minimize the damage to her credit report and satisfy her other outstanding debts, before it is too late. It is time to downsize and there is no shame in that.

Saturday, 9 February 2013

Lindsay Lohan Moves Back In With Her Mom But Now Their Home Has Been Hit With Foreclosure Papers


Lindsay Lohan

Lindsay Lohan's financial woes continue. After selling her body as an escort and living the high life for a couple weeks, actress Lindsay Lohan has crashed back down to earth once again, after moving back in with her mom and their $1,300,000 Merrick, Long Island (New York) family home being placed in foreclosure.

Sorry, I have no pity for Lohan in this manner. I've helped people with financial problems, in assisting them with navigating through the legal system and negotiating with banks to save their homes, but these were hardworking everyday folks doing what they were supposed to, but due to the economy, saw their salaries decrease.

Lohan, however, is a spoiled actress with entitlement issues that blows every dime she gets. Several months ago she was given $300,000 to star in the television film "Liz & Dick." But rather than buy a sensible condo in Los Angeles for $200,000, she opted to blow the money living the high life in a Beverly Hills rental home and at the Château Marmont hotel, where suites run from several hundred to thousands of dollars per night. You're not Bill Gates. Living at the Château Marmont was not a good idea for you.

Not to mention, when the IRS saw her living it up at the Château Marmont and driving around in a $100,000 Porsche (albeit a rented one she wrecked) and not paying her taxes, they froze her bank accounts. This led to her having sex with fellow cocaine addict Charlie Sheen, who gave her $100,000 to help reduce her $250,000 tax bill.


Lindsay Lohan's family home is in foreclosure

In December, Lohan became an escort to a rich Arab man, who paid her $75,000 for her, um, escort services for New Years Eve. He allowed her to stay at his family's hotel for two additional weeks with her drug addled mom, before giving her the boot.

Now Lindsay's back home with her mom. However, that security was short-lived, as she and mom, Dina have been foreclosed on by the bank, who seek to seize her childhood home.

There's a lesson to be learned in her story. I keep writing about it and while some listen, some don't believing they have everything under control. When you receive a check, learn to save some of your money, as you never know what could happen. Don't blow it all living the high life, expecting the money will always pour in. Not to mention, that same high life some are living is destroying their name to the public and in the business world.

Getting drunk and or high and or being sexually ambiguous or promiscuous will destroy many potential endorsement deals and sponsorships, as product makers and services never know what said celebrity will say or do and the impact it could potentially have on their products.

They don't know how to brand someone engaging in said behavior and avoid celebrities attached to it. That wild behavior won't seem like fun when you're saddled with addictions, can't pay your rent or mortgage and lost several hundred thousand to millions of dollars in the long run in work and endorsements, simply because you were cutting loose in public. You need to stop. You're hurting yourself.

Furthermore, to opt for living in a hotel for weeks and months, rather than using that same money to buy even a small condo, is not a good idea. Spending your money on flash cars and clothes, then not being able to pay for where you live is also a bad idea. There's nothing wrong with buying small. There's nothing wrong with getting a one bedroom house or condo. Trying to keep up appearances in a massive mansion or mega hotel suite you can't afford in the long run, will bankrupt you.