Tekashi 6ix9ine appears to have fallen on hard financial times, at least that’s what he’s telling the courts. News broke out that the rapper is struggling to make ends meet. It appears his net worth is “less than zero,” according to his attorney.
On March 11th, Tekashi 69 requested that a NY judge overturn his payment of compensatory damages to plaintiffs Seketha Wonzer and Kevin Dozier for a botched robbery which took place in 2018. Tekashi’s lawyer asked the judge to significantly reduce the amount in damages Wonzer and Dozier are requesting.
Tekashi’s legal team argued hat they failed to establish their injuries or that Tekashi directly caused the injuries. According to SOHH, court documents revealed that paying that $500k would ruin Tekashi 6ix9ine.
“Based on the foregoing, Defendant requests that the Court (1) reject Plaintiff’s demand for $564,000 each in compensatory damages based on their failure to carry their burden of establishing that they have sustained the injuries they have claimed; (2) Defendant’s conduct was the proximate cause of their purported injuries, and (3) reject Plaintiff’s demand for punitive damages based upon their failure to carry their burden (a) of proving Defendant’s conduct warrant punitive damages, and (b) failing to provide the Court with a constitutionally sound basis for calculating said damages. In the alternative, Defendant requests that the Court reduce both compensatory and punitive damage awards to a more reasonable amount in keeping with his actual involvement in the event and the evidentiary record in this case.”
Tekashi and his legal team felt they had to express that he has more financial obligations than his income can afford. The court documents revealed, “Plaintiffs’ statement that Defendant made “millions upon millions of dollars in net income” is completely misleading.
Tekashi explained to the judge that he is too broke to pay the civil judgment. His accountant, Justin D. Kobay, backed up this statement. He said if the court awards the unitive damages, Tekashi would have to file for bankruptcy.
“If this Court were to award the $564,000 in compensatory damages to each Plaintiff and/or award punitive damages using the proposed 9.52 to 1 multiplier, Defendant would be rendered insolvent and would immediately have to file for bankruptcy relief. He would be unable to cover the third-party expenses he presently pays for his family members and indeed could not support himself any longer.”
Kobay goes into further detail about 6ix9ine’s current finances. He revealed, “In 2021, since Defendant was not touring or releasing new music while he was incarcerated, and for the next 1-1/2 years after his release.” He further stated that Tekashi’s “income declined to the point where, for 2022 (January – March), total income from all sources was only $27,816. Defendant’s net monthly income is currently $2,318.”
“I am unaware of any other assets of Defendant besides his royalty stream or advances from entertainment companies. I am not aware of any ownership of any securities, copyrights, realty, or other assets owned by Defendant or any of his entertainment companies. Defendant’s current liabilities, including past-due taxes, are greater than his assets. Therefore, his net worth is technically less than zero.”
It should be noted, fans were first skeptical about Tekashi’s claims of being broke. DJ Akademiks spoke about his thoughts on the 6ix9ine situation. He claimed Tekashi is exaggerating his struggles to avoid the $10 million lawsuits. Meanwhile, stay tuned to Thirsty for future updates.
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