{"id":58428,"date":"2022-08-28T00:02:49","date_gmt":"2022-08-28T00:02:49","guid":{"rendered":"https:\/\/harchi90.com\/50-cents-sire-spirits-lost-millions-to-cheating-employee-court-docs\/"},"modified":"2022-08-28T00:02:49","modified_gmt":"2022-08-28T00:02:49","slug":"50-cents-sire-spirits-lost-millions-to-cheating-employee-court-docs","status":"publish","type":"post","link":"https:\/\/harchi90.com\/50-cents-sire-spirits-lost-millions-to-cheating-employee-court-docs\/","title":{"rendered":"50 Cent’s Sire Spirits lost millions to cheating employee: court docs"},"content":{"rendered":"
\n

50 Cent got taken for big bucks by an employee who secretly pocketed millions from the rapper’s champagne and cognac biz, according to court papers. <\/p>\n

The Queens-born rapper, whose given name is Curtis Jackson, launched his Branson Cognac in 2018 and Le Chemin du Roi, or The King’s Path, champagne in 2019, through his company, Sire Spirits. <\/p>\n

The booze doesn’t come cheap, with the cognac selling for $200 and up and the bubbly going for $150 or more. <\/p>\n

But the company’s director of Brand Management, Mitchell Green, was jacking up prices and getting kickbacks from wholesalers to the tune of $2.2 million in so-called \u201cagency fees,\u201d according to Manhattan Federal Court records. <\/p>\n

50 Cent launched Branson Cognac in 2018.<\/figcaption>
Branson<\/span><\/figcaption><\/figure>\n

Green only confessed to the scheme in February 2020, \u201cafter two years of embezzling from Sire Spirits,\u201d because he was being extorted by someone who threatened to expose him. The company fired him and took him to arbitration. <\/p>\n

An arbitrator found Green liable for the money he pocketed, along with another $948,096 paid to a wholesaler, and ordered him to pay another $2.7 million in attorneys fees, costs and damages for a whopping total of $6.2 million, court records show. <\/p>\n

A Manhattan judge confirmed the arbitrator’s decision in June. Attorneys for Green didn’t respond to a message seeking comment. <\/p>\n<\/p><\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

50 Cent got taken for big bucks by an employee who secretly pocketed millions from the rapper’s champagne and cognac biz, according to court papers. The Queens-born rapper, whose given name is Curtis Jackson, launched his Branson Cognac in 2018 and Le Chemin du Roi, or The King’s Path, champagne in 2019, through his company, …<\/p>\n

50 Cent’s Sire Spirits lost millions to cheating employee: court docs<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[1734,21537,7190,110,46],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":10557,"url":"https:\/\/harchi90.com\/johnny-depp-appears-to-address-amber-heard-defamation-trial-in-songs-on-new-jeff-beck-album\/","url_meta":{"origin":58428,"position":0},"title":"Johnny Depp appears to address Amber Heard defamation trial in songs on new Jeff Beck album","date":"July 10, 2022","format":false,"excerpt":"NEWYou can now listen to Fox News articles! 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