Ja Rule Personally Owes $3 Million for Fyre Fest

Image result for ja rule 2017

I’m glad Murder Inc  is relaunching because Ja Rule is going to need it…

Last month rapper Ja Rule and partner Billy McFarland were accused of fraud after their ‘luxury’ Fyre Music Festival in the Bahamas spectacularly crashed and burned ..

Turns out Ja is personally on the hook for $3 million over the debacle…

According to reports a new lawsuit has been filed in Manhattan Supreme Court claiming a $3 million loan was issued to Ja Rule by New York-based EHL Funding LLC to finance the event.

The lawsuit claims $1 million has been paid back but then the payments stopped in April.

The full balance is due May 31.

Meanwhile there are six other lawsuits pending regarding the failed music fest.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s