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50 CENT'S PRODUCTION COMPANY GETS $200 MILLION DOLLARS IN FUNDING!

Rap star 50 Cent has landed major funding for his film company Cheetah Vision, which is a partnership between the rapper and producer Randall Emmett.

50's company has received $200 million dollars for a 10-picture deal, which is backed by healthcare executive Richard Jackson and real estate developers Gary Sakwa and Daniel Ret.



Production on several films, which will be released by Grindstone Entertainment/Lionsgate, has already… Continue

Added by WORLD WRAP FEDERATION on October 12, 2010 at 11:12am — No Comments

WTF! TONI BRAXTON MIGHT OWE UP TO $50 MILLION IN DEBT!

Toni Braxton has filed for bankruptcy again -- claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country ... including DMVs in TWO different states.Braxton -- who sold more than 40 million albums in her career -- just filed for Chapter 7 bankruptcy in California ... and in the docs, the singer claims she's only worth somewhere between $1 mil and $10 mil ... but she could have up to $50 mil in debts.

In the… Continue

Added by WORLD WRAP FEDERATION on October 7, 2010 at 8:30am — No Comments

THE COPS IS ON SUGE LIKE WHITE ON RICE & HE'S SUING KANYE WEST FOR $1 MILLION DOLLARS!

Embattled former CEO Marion “Suge” Knight can't seem to keep himself out of trouble.

But considering he was recently arrested for assault with a deadly weapon, taken to court for child support, and facing a $6 million tax lien, he can mark this latest run in with the law as a slight win.



According to TMZ sources, the former Death Row head was pulled over in L.A. around 3 AM for a traffic violation when police realized he was driving on… Continue

Added by WORLD WRAP FEDERATION on September 25, 2010 at 1:25pm — No Comments

YOUNG BUCK SUES 50 CENT FOR $5 MILLION!

Young Buck is trying his best to get out of the deal with G-Unit. Now, as you know, there is a rumor that Buck got out of the deal after he filed for Bankruptcy. But, I guess, I am wondering why he's still suing unless he's just attempting to get paid. “Mr. Brown intends to reorganize his debts and pay off the IRS in a timely manner… He will also be filing a lawsuit in the next 30-60 days against his former manager, G-Unit label and Mr. Curtis… Continue

Added by WORLD WRAP FEDERATION on September 19, 2010 at 12:03pm — No Comments

QUEENS DELI CLERK TRIES TO STEAL A $14 MILLION DOLLAR LOTTERY TICKET FROM A 72 YEAR OLD MAN!

The deli clerk who tried to swindle a grandfather out of a $14 million lottery ticket was the shopowner's son - and he claims it was all a mistake, a source familiar with the case said Saturday.

"'It was just an accident! It was just an accident!'" clerk Salem Al Saidi, 18, told investigators, according to the source.



Milledge McCassell, 72, handed his ticket to the clerk Aug. 25 after a self-scan machine at the Dynasty Deli and Grocery… Continue

Added by WORLD WRAP FEDERATION on September 19, 2010 at 11:20am — No Comments

DWIGHT HOWARD THINKS HIS BABY MOMMA ROYCE REED OF BASKETBALL WIVES OWES HIM $500 MILLION!

NBA star Dwight Howard claims he's sick of his baby mama bashing him to the media -- a violation of their court settlement -- and now dude wants at least $500,500,000 to make things right

TMZ has obtained legal docs filed by the Orlando Magic star in Orange County, Florida, in which he claims his baby mama Royce Reed -- who stars on VH1's "Basketball Wives" -- leaked dirt about him to the media at least 11 times ... thus violating a 2009 gag… Continue

Added by WORLD WRAP FEDERATION on September 16, 2010 at 10:56am — No Comments

J-LO SIGNS ON TO BE A JUDGE ON AMERICAN IDOL FOR $12 MILLION DOLLARS!

She's not a diva, but J-Lo will accept nothing less than $12 million to be a judge on "American Idol."

Jennifer Lopez has signed a one-year deal with Fox and will join the judging panel during auditions next week, TMZ.com reports.



According to deadline.com, the 41-year-old singer agreed to be an "Idol" judge as early as July, but has been negotiating a Fox motion picture and TV pilot deal to accompany her $12 million judging… Continue

Added by WORLD WRAP FEDERATION on September 15, 2010 at 8:46am — No Comments

U.S. POVERTY RATE JUMPS TO A RECORD HIGH WITH 45 MILLION AMERICANS LIVING BELOW THE POVERTY LEVEL!

The U.S. poverty rate has skyrocketed by a record amount under the Obama administration, with one out of seven Americans considered poor last year, according to a report Saturday.

The disturbing trend is an estimate of 2009 census data set for release on Thursday, The Associated Press reported.



Underscoring the depth of the recession, a projected 45 million people - or about 15% of the population - were poor last year. In 2008, 13.2% of… Continue

Added by WORLD WRAP FEDERATION on September 12, 2010 at 12:19pm — No Comments

DR. DRE PAYS UP ON HIS $1.2 MILLION DOLLAR BILL TO AVOID LAWSUIT!

Dr. Dre has scratched out a major beef with a recording studio that had accused him of flaking on a $1.2 million bill -- and all it took was the right kind of green. In the lawsuit, filed in L.A. County Superior Court, Paramount Recording Studios claimed Dre never paid for studio time between 2009 and 2010.

But the two sides finally banged out a settlement ... and a lawyer for PRS tells us, "The costs have been paid in full ... the recording… Continue

Added by WORLD WRAP FEDERATION on September 11, 2010 at 11:42am — No Comments

WTF! TIMBALAND WAS SO DISTRAUGHT OVER A STOLEN WATCH THAT COST $2 MILLION THAT HIS FAMILY THOUGHT HE WAS GOING TO KILL HIMSELF!

Timbaland was the subject of a manhunt yesterday after his family believed he was so distraught over the theft of a $2 million piece of jewelry he might harm himself ... this according to law enforcement sources.



According to sources, the L.A. County Sheriff's Department put out a "possible suicide attempt" APB just before 5 PM PT yesterday. A helicopter and squad cars went on the hunt for the rapper/producer's Escalade.



Here's… Continue

Added by WORLD WRAP FEDERATION on August 25, 2010 at 1:17pm — No Comments

LOL! LADY GAGA THANKS HER 5.7 MILLION FOLLOWERS FOR MAKING HER THE TWITTER QUEEN!

Oz has Glinda, Twitter has Gaga.



Lady Gaga gave her fans a royal thank you on Saturday after being crowned the Queen of Twitter with more than 5.7 million followers -- finally surpassing the reigning tweet queen Britney Spears.



In a homemade video filmed backstage during her Monster Ball tour in Tacoma, Wash., Gaga transported her fans to a lo-fi “Wizard of Oz”-esque fantasy world in which she channeled Glinda… Continue

Added by WORLD WRAP FEDERATION on August 23, 2010 at 11:38am — No Comments

DRUG SNIFFING DOG CAUGHT A PASSENGER AT JFK TRYING TO SMUGGLE $1.4 MILLION WORTH OF HEROIN & COKE!

Give that dog a bone!

The keen nose of a Customs and Border Protection dog at Kennedy Airport sniffed out more than $1.4 million worth of heroin and cocaine on a passenger who had just arrived on a flight from Santo Domingo last week, authorities said.



Bernardo Garcia was busted trying to smuggle the narcotics last Saturday when Dex, a Belgian Malinois, signaled to Customs andBorder Patrol agents that his schnoz had picked up a scent,… Continue

Added by WORLD WRAP FEDERATION on August 18, 2010 at 11:43am — No Comments

PARIS HILTON GETS SUED FOR $35 MILLION FOR WEARING THE WRONG WEAVE!

What a hairy situation.

Paris Hilton is being sued by a hair extensions company that is claiming she wore the locks of a competitor in 2008 — allegedly violating a contract the hotel heiress had with the company.



Hairtech International Inc. is seeking $35 million in damages, which is 10 times what the 29-year-old socialite was paid for under the contract.



In the filing, the company gripes that Hilton also missed a launch… Continue

Added by WORLD WRAP FEDERATION on August 12, 2010 at 11:50am — No Comments

STUNTIN 101! BABY & HIS 2.5 MILLION BUGATTI!

BIRDMAN'S BRANDNEW BUGATTI from DERICK G on…

Continue

Added by WORLD WRAP FEDERATION on August 11, 2010 at 1:14pm — No Comments

DAMN! THE IRS IS ON THAT A$$! SWIZZ BEATZ OWES $2.1 MILLION & WYCLEF'S YELE ORGANIZATION OWES THE SAME AMOUNT!

The government continues to pursue rappers for their outstanding tax bill, as the IRS has placed new liens on three well known artists.

First up is Haitian Presidential candidate, Wyclef Jean.



According to a lien recently filed by the IRS, Clef's Yele Haiti non-profit organization allegedly owes $2.1 million dollars in back taxes.



According to the lien, the Haitian-born rapper, who is expected to announce his bid for… Continue

Added by WORLD WRAP FEDERATION on August 5, 2010 at 3:11pm — No Comments

THE CITY SETTLES FOR $7.15 MILLION DOLLARS IN THE WRONGFUL SHOOTING OF SEAN BELL!

The city agreed Tuesday to pay more than $7 million to settle a wrongful death civil suit lodged by the fiancée and pals of Sean Bell, the unarmed black groom gunned down by cops on his wedding day, sources said.

The settlement, approved by a Brooklyn federal magistrate, ends a four-year legal battle by tragic would-be bride Nicole Paultre Bell and two men wounded in a 50-shot barrage that claimed her lover's life.



Under the agreement,… Continue

Added by WORLD WRAP FEDERATION on July 28, 2010 at 12:33pm — No Comments

WOW! THE IRS SAY'S CHRIS TUCKER OWES 11 MILLION IN TAXES!

Chris Tucker's ongoing tax problems have reached Nicolas Cage proportions -- according to new docs, the "Rush Hour" star now owes the IRS more than $11 million in back taxes. The Internal Revenue Service filed documents with the L.A. County Recorder's Office yesterday, which show Tucker owes $11,571,909.26 in federal taxes for the years 2001, 2002 and 2004 through 2006.



Here's how it all breaks down:



2001 --… Continue

Added by WORLD WRAP FEDERATION on July 28, 2010 at 12:08pm — No Comments

DR. DRE SUED FOR OVER A MILLION FOR UNPAID STUDIO RECORDING BILL!

Producer/mogul Dr. Dre is being sued for millions of dollars for breach of contract, for allegedly failing to pay the bill for recording services.

Paramount Recording Studios is suing Dr. Dre, born Andre Young, for $1,220,500, for breach of contract, according to the lawsuit, which was filed in Los Angeles Superior Court yesterday (July 23rd).



Dr. Dre has recorded at Paramount for at least ten years, allowing him to receive a cheaper… Continue

Added by WORLD WRAP FEDERATION on July 24, 2010 at 3:13pm — No Comments

OH WOW! OKSANA GRIGORIEVA WALKED AWAY FROM A $15 MILLION DOLLAR DEAL WITH MEL GIBSON TO KEEP HER MOUTH SHUT!

Oksana Grigorieva signed an agreement with Mel Gibson for a $15 million package, which would have kept the Mel tapes secret, but she ultimately walked away from it.

Sources tell TMZ, during the child custody mediation in May, lawyers for Mel and Oksana worked out a financial deal for Oksana -- she would get a total of $15 mil, which included child support, a house and other assets.



But sources intimately familiar with the mediation tell… Continue

Added by WORLD WRAP FEDERATION on July 19, 2010 at 7:16pm — No Comments

WOW! LIL WAYNE OWES THE IRS $1.5 MILLION DOLLARS!

After gaining the attention of fans earlier this week with a heart felt letter from behind bars, incarcerated New Orleans rapper Lil' Wayne is making headlines in a less favorable way.

Apparently the Internal Revenue Service (IRS) is after Lil' Wayne’s fortunes, seeking over $1.13 million dollars in back taxes for the years 2004, 2005 and 2007.



The IRS filed and a lien against his One Family Foundation this past June in Dade County… Continue

Added by WORLD WRAP FEDERATION on July 16, 2010 at 11:55pm — No Comments

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