Politics As Usual

8.5.06

Ready to Take Over The World in 1992, Broke by 2006, How?


The Man Behind The Chronic, Doggstyle, The Dogg Pound, 2Pac and countless others on Death Records is now broke as a joke! "According to bankruptcy papers obtained by the New York Daily News, Death Row Records music mogul Marion 'Suge' Knight says he's only got $11 in his Washington Mutual checking account, some accessories put away in his jewelry bling-box, and he still owes a staggering $137.4M in debts.
Suge and Death Row Records filed for 'Chapter 11' in April in attempts to avoid the $107M civil judgment he was demanded to pay to Lydia Harris, his former business associate who insists she and her ex-husband Michael Harris assisted in creating the hip-hop empire.
"

Suge explains in a 22-page document that his debts include a whopping $11.3M in federal income tax, $437,000 in state income tax, $15,000 on his Orchard Bank credit card, $9,300 to Nextel, and last but not least, $1,100 to Cingular Wireless.

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by Toshiba Reynolds
May 6, 2006

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