Archives for: May 2006, 05
Rapper Down to 11 Dollars
May 5th, 2006Famous rap artist Marion Knight, Jr., Suge Knight to some, reported in his chapter 11 schedules and statement of affairs that he only had 11 dollars in his checking account and about 137.4 million in debt, including 12 million in tax liens by the IRS. However all is not lost, the founder of Death Row Records also has an interest (of unknown value) in multiple businesses related to the rap industry. Names such as Tha Row records, Getto Records and of course Death Row Records are all listed. Here is a link to the full report from the Smoking Gun, which includes all pertinent pleadings in his bankruptcy.
Link to the full article: http://www.thesmokinggun.com/archive/0505061suge1.html
Mike
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