Friday, May 12, 2017

Ja Rule Personally Owes $3 Million for Fyre Fest


Last month rapper Ja Rule and partner Billy McFarland were accused of fraud after their 'luxury' Fyre Music Festival in the Bahamas spectacularly crashed and burned [click here if you missed that].

Turns out Ja is personally on the hook for $3 million over the debacle...

According to reports a new lawsuit has been filed in Manhattan Supreme Court claiming a $3 million loan was issued to Ja Rule by New York-based EHL Funding LLC to finance the event.

The lawsuit claims $1 million has been paid back but then the payments stopped in April.

The full balance is due May 31.

Meanwhile there are six other lawsuits pending regarding the failed music fest.

14 comments:

Anonymous said...

They took those suckers...I mean folks money they ought to be able to pay up!

Anonymous said...

It's just those rainy dayz / Spend a lifetime tryin to wash away / Until the sun come out and shines again / Smile for me, smile for me!

Anonymous said...

Lesson: Read the fine print before you agree to be the idiot front person for white people.

Anonymous said...

With more lawsuits pending this is barely the beginning.

N said...

All Hail the King of L's!

Anonymous said...

Sometimes greed backfires. Watch out!

Nubia Blake Williams said...

Uh oh, better make another hit fast!, he better start booking shows and selling tickets on Groupon

The King Of The Real said...

@2:22 that sounds like a viable plan. He may need to do some action b flicks too. We due for a ja Rule DMX with some random washed up white actor action buddy flick. Ja might have to get a kicstarter

Nubia Blake Williams said...

Lmaooooo @ 3:58 Ja rul should go holla at Irv Gotti since he's relaunching murder inc, 3 million dollars is a lot of money for a washed up rapper

Anonymous said...

Ahhhh... so Ja had more skin in the game than he let on.

Anonymous said...

I betcha the dumb idiot didn't get event insurance. It's expensive, but a good business gets it in case shit gets messed up!....SMDH@Ja-Rule

Anonymous said...

Would YOU loan Ja Rule $3 million dollars? His royalties are going to be garnished like crazy...

Anonymous said...

10:34 am yep you're right!!!

Anonymous said...

have you not learned your lesson elf?

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