Jealous Haters Since 1998!
Home | News | Reviews | Day In Rock | Photos | RockNewsWire | Singled Out | Tour Dates/Tix | Feeds

Bow Wow Sued Over Repossessed Lamborghini

10/12/2012
.
(TMZ) It costs roughly $25,000 to repossess and sell a rapper's Lamborghini -- at least according to a Georgia bank, which is now suing Bow Wow for money it spent flipping his ride.

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.
Copyright TMZ - Excerpted here with permission.

Bow Wow Tour Dates/Tickets

Bow Wow CDs, DVDs and MP3s

Bow Wow T-shirts and Posters

Bow Wow CDs, vinyl and rarities

[an error occurred while processing this directive]

antiMUSIC News featured on RockNews.info and Yahoo News

.


...end


.
News Reports
.
Day in Rock:
Lamb Of God's Mark Morton Streams Chester Bennington Collaboration- Rush Members To Make Special Appearance- Unreleased David Bowie Tracks In New Collection- more

Day in Pop

B-Sides: Taylor Swift Reveals Her Mother Has Cancer- Rich Homie Quan Surrenders To Police Over Alleged Nightclub Assault- Justin Bieber Duets With Ariana Grande- Mumford & Sons- more

 Subscribe To Day in Rock

.
 
Reviews
.

Ladies Only: Jennie Abrahamson- Rachel Garlin- Nneka- More

Album of the Week: Led Zeppelin's When The West Was Won

Karyn Crisis' Gospel Of The Witches - Salem's Wounds

The Blues: John Mayall's Bluesbreakers- Arlen Roth, Mike Henderson Band- Slam Allen

Trauma Interview

December in Red - The Way Out

Battleaxe - Power From the Universe Reissue

SOKO Interview

The Compulsions - Dirty Fun

Rock Reads: Morbid Tales! A Tribute to Celtic Frost

Death Penalty - Death Penalty

On The Record: The Wild Beyond

RockPile: Minutian- Odin's Court- THEO

Michael Ubaldini Interview

Root 66: Cameron Mitchell- Stacy Jones- Greg Shirley


. .
.
Today's Rock News
. Lamb Of God's Mark Morton Streams Chester Bennington Collaboration

Rush Members To Make Special Appearance

Unreleased David Bowie Tracks In New Collection

Def Leppard Announce Summer Tour Dates

Avenged Sevenfold's M Shadows Guests On John Dolmayan Album

Aerosmith To Rock Steven Tyler's Grammy Awards Viewing Party

Tedeschi Trucks Band Streaming New Song 'Hard Case'

Queen Bohemian Rhapsody Biopic Nominated For Seven BAFTA Awards

Behemoth Release Ecclesia Diabolica Catholica Video

Blues Music Awards Nominees Announced


Subscribe to Day in Rock Report by Email

.
.
Today's Pop News
.
.
.
Latest B-Sides News
.

More News
.
 
anti Worthy Links
.
AudioNationRadio.comThe Screen DoorA Journal of Musical ThingsLloyd Zeffler blogDemolish MagNightwatcher's House of RockCJ ChilversDeja VoodooThe 1st Fivethecopycat.bizHard Rock Memorabilia Day in Rock @twitter

.
  .
.

Click Here to Buy T-Shirts!
Click Here to Buy T-Shirts!

 

Tell a Friend about this page - Contact Us - Privacy - antiMusic Email - Why we are antiMusic

Copyright© 1998 - 2013 Iconoclast Entertainment Group All rights reserved. antiMusic works on a free link policy for reprinting of our original articles, click here for details. Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.