Bow Wow Sued Over Repossessed Lamborghini
. 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.
...end |
Becoming Led Zeppelin Hitting Movie Theaters On Valentine's Day
Sammy Hagar Shares Video For Van Halen Classic From The Best Of All Worlds Tour
Jason Bonham Leads The Lineup For Whole Lotta Rock Camp Volume II
REO Speedwagon Play Their Final Show
Axl Rose Helped Billy Joel Close Out His Madison Square Garden Residency (2024 In Review)
Joe Bonamassa Sounded Off On The Rock and Roll Hall Of Fame (2024 In Review)
Slash Shares Heartfelt Tribute To His Late Stepdaughter (2024 In Review)
David Lee Roth's Cover Of 'Baker Street' Got A Video (2024 In Review)