West Coast rapper Mack 10, who's woefully behind in child support, helping push T-Boz into bankruptcy [click here if you missed that], just lost a huge judgement to a creditor...
Mack 10 borrowed $35,000 from a guy named Tadayuki Ito and promised to pay him back $70,000 in three months. Instead, four days later Mack borrowed another $65,000 from Tadayuki and promised to pay $130,000 for that loan, also in three months.
Tadayuki should have known it was a scam.
When Mack didn't pay him back, Tadayuki took him to court. Of course Mack didn't show up, but he should have because there's a usury law in California that prohibits excessive interest on loans. As soon as the terms for 100% interest came out in court, under law, Tadayuki wouldn't have been entitled to any interest at all.
But since Mack didn't show up, a default judgment was entered for the plaintive in the amount of $229,668.86.
Good luck collecting Tadayuiki, but you know you're going to have to charge that to the game, right?
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