Lamborghini Mercy, yo’ bank account is so thirsty…
Bow Wow Owes Bank $25,000 For Repossessed Lamborghini
According to TMZ reports:
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 $300,165 business loan, agreeing to 84 monthly payments of $4,730.
According to bank records filed with the lawsuit, Bow Wow fell behind last year. The docs show the bank repossessed the rapper’s Lamborghini Murcielago — and managed to get $161,000.
You’d think that would be the end of it — but the bank tacked on more than $25,000 for “repossession expenses.”
According to the lawsuit, Bow Wow still owes the bank $21,371 — and the bank wants every penny.
How does Bow Wow explain his money situation (or lack thereof…)?? Like all broke artist, ballers, and actors…his manager. SMH
Sources close to Bow Wow tell us, the rapper attributes all his money issues to his crappy ex-management team. We’re told he has since cleaned house and is now working to fix his financial mess.
Maybe that’s what BET stands for, Broke Entertainers Trying…get your isht together Mr. 106 & Park.
Image via WENN
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