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July 26, 2012 Posted by streetkode in Music News

IRS Sells All Of Young Bucks Shit For...

Damn... ATTENTION ALL RAPPERS: If you're not gonna pay your tithes, atleast pay your muthafuckin' taxes. God'll get you back later but the IRS wants their shit upfront. Just ask ex-G-Unit member, Young Buck. After the IRS auctioned off his shit, he still owes... - Somebody get us a calculator.

NASHVILLE, Tenn. - The Internal Revenue Service said they took in $53,000 during an auction of rapper Young Buck's jewelry, recording equipment and other seized possessions.

The IRS said they highest priced item, a 615 Cashville necklace the rapper wore in some of his videos went for $12,600. It had been appraised at approximately $20,000.

The agency held a preview of the merchandise on Wednesday. It included TVs, gold albums, jewelry, and recording equipment. The rapper's trademarked "Young Buck" name was also sold.

In December, a U.S. Bankruptcy Court judge in Nashville converted the bankruptcy of David Darnell Brown -- the rapper's legal name -- from a Chapter 11 reorganization to a Chapter 7 liquidation.

Creditors submitted claims totaling $11.5 million, including $10 million that the label G-Unit Records said Buck owed them over a contract dispute.

Earlier this month, a judge sentenced Brown to 18 months in prison after he pleaded guilty to being a felon in possession of a firearm and ammunition. Once released, he'll be on supervised release for three years.

-News Channel 5 On IRS's Young Buck Asset Auction
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Written By: streetkode

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