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50 Cent has sued Sleek Audio LLC over an unpaid $285,000 promissory note that he lent to the company in 2010, according to The Miami Herald. Fif initially partnered with Sleek for his “Sleek by 50” wireless headphones and terminated his partnership with the company in May. He claims that Sleek Audio agreed to make payments on the loan once it reached $750,000 in revenue, an amount that was apparently met in February 2011. After 50 partnered with SMS Audio, Sleek claimed that the initial loan was nullified since he took the idea to a competitor, and “purposely omitted and misstated information during their negotiations with intent of fraud,” according to the suit.
Read Full Story Here >>> 50 Cent Sues Sleek Audio For $285,000 Unpaid Loan
Read Full Story Here >>> 50 Cent Sues Sleek Audio For $285,000 Unpaid Loan