Thursday, March 27, 2014

Former Fugees Member Wyclef Jean Broke After Owing Millions In Debt


The manager to former fugee member Wyclef Jean has reported that he is seriously broke after owing millions of dollars in debt. (Someone please call 911)...
Wyclef Jean’s former lawyers have filed a six-figure legal judgment against the musician after he failed to make agreed-upon payments to reduce his debt, according to court filings that include a recent e-mail from Jean’s business manager claiming that his client was broke.


Through a confidential agreement that was drawn up, the international 44-year-old Haitian ambassador reportedly said he would fork over $100,000 to entertainment law firm Shukat Arrow Hafer Weber & Herbsman to settle an outstanding bill of $133,000.

Jean,  was requested to satisfy his outstanding debt with the law firm via two installments: $10,000 by last August 1 and another $50,000 by the end of last year. According to the alleged agreement, if Jean made the two payments totaling $60,000, the law firm would waive $40,000.

If the entertainer, however, failed to make good on the agreement, an additional ten percent annual interest would also get tacked on to the $100,000. Jean did not make any payments to the firm. His accountant, David Levin, reportedly sent out an email in January to the celeb’s creditors stating,  “in my most professional verbiage…there ain’t no money.”  The email was sent out in response to the law firm’s threats of impending court action against Jean. 

source

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