The rapper had filed for Chapter 11 bankruptcy, which had a judge scratching her head over the stacks of cash.
Rap mogul 50 Cent made headlines last July when he filed for Chapter 11 bankruptcy. To follow up on March 9, however, a judge had him sent back to bankruptcy court to answer one simple question: If he is indeed broke, then why did he pose with stacks of cash spelling out the word "BROKE" on Instagram?
That is when the truth came out. "The cash depicted in the social media postings is not real," 50 Cent's lawyers said, according to Billboard. "The postings, which amongst other things, make use of stage or prop money, are part of the Debtor’s routine social media marketing activities and relate directly to the Debtor’s various business interests.
"Prop money is routinely used in the entertainment industry, including in movies, television shows, videos and social media postings."
50 Cent declared bankruptcy after he was ordered to pay $5 million to a woman who was in a sex tape he posted online, without consent. After reviewing his Instagram profile, however, appraisers estimated 50 Cent's assets to be worth $64 million, which he claimed to be worth $16 million.
“I’m concerned about the allegations of nondisclosure and a lack of transparency in the case,” the judge had said.
