50 Cent's Manager Chris Lighty Commits Suicide [R.I.P.]

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 6 years ago '06        #81
Yung Dilla 1497 heat pts1497 OP
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Killed himself because he owed taxes?? Weak a.ss n*gga
 08-30-2012, 01:15 PM         #82
Michael_Moore 
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that's fu*ked up...RIP.....
 6 years ago '07        #83
KnicksLost 17 heat pts17
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damn RIP
 6 years ago '12        #84
Ricky Retardo 44 heat pts44
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 The N said:
Sacrifice

Curtis blowing up again
 NO RELIGION said:
do you ever get tired of the homo illuminati gimmick?

Do you act like this in offline in real life?
 The Fifth KD said:
The rich in the entertainment industry don't get regular paychecks like you and I. They get paid in spurts that are 9/10 likely to decrease as time goes by. Rapper X may make 1 million in a year but he's not seeing much of the million after breaking off the label, producers, legal team, touring expenditures, talent representation, etc. AND THEN FINALLY (or actually initially) Uncle Sam wants his piece. And Uncle Sam wants a pretty significant chunk of that income.

So alotta n*ggas rather say "fu*k it" and just cut Uncle Sam out of the equation until they HAVE to pay the IRS. Sometimes out of greed and a retarded a.ss desire to ball; sometimes because breaking off Uncle Sam means they won't be able to invest in future projects or will have to work much harder/longer than they'd want or physically can.

Prollem is, cutting uncle sam out a.ssumes that at some point, you can pay him back. Which is where these guys run into huge legal problems.










[pic - click to view]

 6 years ago '05        #85
murdamurda 33 heat pts33
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AllHipHop: What's your take on the beef situation? Chris Lighty and you aren't getting along and it's getting kind extra real in the industry right now, especially about the Violator situation with there office being shot up so much, I mean 2 times?

Cormega: I can't even comment on Violator because I don't even know what's going on. I know Chris Lighty brings a lot of problems on himself. That's why DMX punched him in the mouth that time, cause he talking about DMX. You go somewhere and you got you girl with you or one of your homeboys with you and then he don't know that's your friend and he sit there sh*tting on you right in front of your friend. That's how that situation happen so…. Chris has always been that type of person. The beef in rap is disgusting, I think it's degrading right now. You got Busta Rhymes dissin people and he suppose to be above the game. He's supposed to have humility. I'm not making no beef records come on, that sh*t is played out and it's getting too personal because I think somebody is gonna get hurt.
 6 years ago '04        #86
R.O.B 26 heat pts26
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 DR JAYY said:
I dont understand why rich n*ggas dont pay taxes
Cause they dont get taxes taken out of their checks like us regular 9-5 people.

So in April when Uncle Sam wants 30% of the millions you made that fiscal year, niccas be like FUK TAXES... :nasmad:
 6 years ago '05        #87
murdamurda 33 heat pts33
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According to the NY Post, 50 Cent’s manager Chris Lighty is one of Bernard Madoff’s victims. Madoff is the Wall Street financier who literally made off with billions in client investments. (LINK)

Prosecutors accuse Madoff’s brokerage firm of running an elaborate Ponzi pyramid scam by paying investors with money he took in from other clients such as Lighty.

Banks do this every day with our money but they are tightly controlled by the federal government.

Lighty’s involvement came to light when 50 Cent took to the Internet to defend himself against rumors that he lost money in Madoff’s scam.

But Lighty wouldn’t reveal just how much he lost. “Nothing to talk about. It’s not life-threaten ing,” Lighty, 36, told The Post’s Kati Cornell. “Not worth the ink you would waste.”

Lighty, who founded Violator management, represents such high-profile artists as LL Cool J, 50 Cent, Missy Elliott and Sean Combs.

He was named to Crain’s “Forty under 40″ list for 2008. According to Crain’s website, “Mr. Lighty has built his stable of artists into individual branding empires, each worth more than $200 million, carving deals that include video games and fragrance, beverage and clothing lines.”

Madoff is currently under house arrest in his $7 million luxury upper east side NY Penthouse awaiting trial. His victims may never recover the millions they invested with him.
 6 years ago '04        #88
BrBHZ 9 heat pts
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 R.O.B said:
Cause they dont get taxes taken out of their checks like us regular 9-5 people.

So in April when Uncle Sam wants 30% of the millions you made that fiscal year, niccas be like FUK TAXES... :nasmad:
yeah but when you make that kind of money your first move is to get an accountant and a lawyer.


sad sh*t though. he could have come out of this on the other side just fine. a little less paid but he'd still be alive.

RIP
 6 years ago '04        #89
R.O.B 26 heat pts26
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 BrBHZ said:
yeah but when you make that kind of money your first move is to get an accountant and a lawyer.


sad sh*t though. he could have come out of this on the other side just fine. a little less paid but he'd still be alive.

RIP
Shiiiiiiiiiid..... that's one of the many things that doesnt get passed down in the black community.

First thing niccas do is go shopping... cars, clothes, trips, jewelry....
 08-30-2012, 01:48 PM         #90
endless lies 
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:jacmonson: over some taxes? for real?



[video - click to view]



Last edited by endless lies; 08-30-2012 at 01:51 PM..
 6 years ago '06        #91
Special Edd 172 heat pts172
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Must suck to have it all good, and it go to sh*t

its crazy ppl dont pay taxes because they think there going to be well off down the line to pay it back.

little do they know. i remember him damn its a shame must of been stress and everything
 6 years ago '04        #92
psylence2k 59 heat pts59
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at most of the people in here who get taxes automatically deducted out of their paycheck talking about " man what's so hard about paying taxes ?? "
 6 years ago '12        #93
AJtheGreat 26 heat pts26
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RIP. Dude always seemed like he was a good manager. Crazy how people can be holding so much inside and never show it, then k!ll themselves.


Last edited by AJtheGreat; 08-30-2012 at 02:07 PM..
 6 years ago '12        #94
ALTheGreatS 23 heat pts23
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That Violator Vol.1 was the sh*t.


[video - click to view]


And who could 4get the head noddin anthem of 99

[video - click to view]

 6 years ago '10        #95
A.Dot789 1067 heat pts1067
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 Trolling said:
Theres a machine that makes it look like a suicide .

 6 years ago '12        #96
AJtheGreat 26 heat pts26
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 Athavan 789 said:
didnt think he was the kinda dude to give up, hmmm.
You never know what people are hiding on the inside
 6 years ago '07        #97
Bkjj11 3745 heat pts3745
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damn, sad sh*t. doesnt get a rip cuz u k!lled ya self. im sure ppl coulda helped out.
 6 years ago '04        #98
W24x55 61 heat pts61
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Lost his wife and all his money.

The stress drove him nuts and to the point he thought there was no way out of it. I can't imagine.

RIP.
 6 years ago '07        #99
Sincere730 12 heat pts12
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 R.O.B said:
Cause they dont get taxes taken out of their checks like us regular 9-5 people.

So in April when Uncle Sam wants 30% of the millions you made that fiscal year, niccas be like FUK TAXES... :nasmad:














 6 years ago '05        #100
Trakboy 16 heat pts16
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R.I.P to chris lighty


[pic - click to view]



one of the best comp. album ever !!!
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