Lil Wayne Reaches Settlement Over Unpaid Jewelry, Income Tax Questioned

J-Banks · 08-13-2008, 12:22 AM

Lil Wayne Reaches Settlement Over Unpaid Jewelry, Income Tax Questioned
Posted: 8/12/2008 10:13:46 PM by Black widow

Lil Wayne has reportedly reached a settlement over unpaid pieces of jewelry.

As reported earlier, New Orleans based jeweler Jack Sutton took Lil Wayne to court claiming that the rapper purchased a $138,000 diamond ring and a $32,000 gold-and-diamond necklace from him in 2006 and only paid $24,000 for the pieces.

Sutton claimed Wayne had agreed to make monthly installments for the jewelry but failed to make payments and return e-mails after paying the $24,000.

Wayne's lawyer, Ron Sweeney, revealed to The Miami Herald Tuesday (August 12) that both parties had come to an agreement. Sutton is expected to be paid back this week and Wayne may return the $138,000 diamond ring as part of their agreement.

“We reached a settlement,” said Sweeney “Everybody's happy.”

Lil Wayne's income tax payments also came under question. According to a May 6 notice of federal tax lien filed with Miami-Dade County, Wayne owes $977,840.81 in income tax.

Wayne has been residing in Miami since Hurricane Katrina's ravaged his hometown of New Orleans.

Sweeney insisted that Wayne has paid the owe Your browser does not support inline frames or is currently configured not to display inline frames. d taxes but according to The Herald, a release of lien has not been recorded with the county.

Source: sixshot

tdugg101 · 08-13-2008, 01:13 AM

Lmao, unpaid jewelry huh? The south is balling, look @ Buck, Weezy, & Turk for examples. lmfao.

Jack Frost · 08-13-2008, 02:48 AM

give back the ring? why? i thought money wasn't a thing!

chickenwings · 08-13-2008, 02:59 AM

^^ please most of these niggas aint got it like that

IbeWazir · 08-13-2008, 04:05 AM

"Wayne owes $977,840.81 in income tax" - Damn!! That nigga better hurry up and pay that shit before he ends up like Ron Isley!

GMNRecordsCT3 · 08-13-2008, 08:01 AM

Quote:

$977,840.81 in income tax.

08-13-2008, 12:22 AM	#1
J-Banks Super Moderator Join Date: Feb 2005 Location: Providence, RI Posts: 21,015 Repped: 5,294 Repped 53,425 Times in 7,839 Posts Blog Entries: 1 Neg Reps: 53 Neg Repped at 93 Times in 86 Posts	Lil Wayne Reaches Settlement Over Unpaid Jewelry, Income Tax Questioned Lil Wayne Reaches Settlement Over Unpaid Jewelry, Income Tax Questioned Lil Wayne Reaches Settlement Over Unpaid Jewelry, Income Tax Questioned Posted: 8/12/2008 10:13:46 PM by Black widow Lil Wayne has reportedly reached a settlement over unpaid pieces of jewelry. As reported earlier, New Orleans based jeweler Jack Sutton took Lil Wayne to court claiming that the rapper purchased a $138,000 diamond ring and a $32,000 gold-and-diamond necklace from him in 2006 and only paid $24,000 for the pieces. Sutton claimed Wayne had agreed to make monthly installments for the jewelry but failed to make payments and return e-mails after paying the $24,000. Wayne's lawyer, Ron Sweeney, revealed to The Miami Herald Tuesday (August 12) that both parties had come to an agreement. Sutton is expected to be paid back this week and Wayne may return the $138,000 diamond ring as part of their agreement. “We reached a settlement,” said Sweeney “Everybody's happy.” Lil Wayne's income tax payments also came under question. According to a May 6 notice of federal tax lien filed with Miami-Dade County, Wayne owes $977,840.81 in income tax. Wayne has been residing in Miami since Hurricane Katrina's ravaged his hometown of New Orleans. Sweeney insisted that Wayne has paid the owe Your browser does not support inline frames or is currently configured not to display inline frames. d taxes but according to The Herald, a release of lien has not been recorded with the county. Source: sixshot __________________ JBanksblog.com - check it out __________________

08-13-2008, 02:48 AM	#3
Jack Frost Natural Born Killah Join Date: Sep 2006 Location: Philippines Posts: 2,144 Repped: 145 Repped 125 Times in 51 Posts Neg Reps: 3 Neg Repped at 10 Times in 7 Posts	give back the ring? why? i thought money wasn't a thing! __________________ Shady, Aftermath & G unit all day. fuck the haters!

08-13-2008, 04:05 AM	#5
IbeWazir The Realist Join Date: Apr 2006 Location: Marshall, MO Posts: 2,924 Repped: 533 Repped 131 Times in 68 Posts Neg Reps: 42 Neg Repped at 80 Times in 29 Posts	"Wayne owes $977,840.81 in income tax" - Damn!! That nigga better hurry up and pay that shit before he ends up like Ron Isley! __________________ myspace.com/ibewazir

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08-13-2008, 01:13 AM	#2
tdugg101 Join Date: Oct 2005 Location: LBC Posts: 826 Repped: 374 Repped 63 Times in 5 Posts Neg Reps: 10 Neg Repped at 0 Times in 0 Posts	Lmao, unpaid jewelry huh? The south is balling, look @ Buck, Weezy, & Turk for examples. lmfao.

08-13-2008, 02:59 AM	#4
chickenwings Veteran Join Date: Nov 2006 Posts: 4,598 Repped: 608 Repped 677 Times in 403 Posts Neg Reps: 505 Neg Repped at 224 Times in 166 Posts	^^ please most of these niggas aint got it like that