Wednesday, August 4, 2010

Feds Raid Young Buck's Home

This is another example of entertainers not looking after their ends and getting screwed cause of it. The Feds raided Young Buck's Nashville, TN home this morning over an unpaid $300,000-tax bill. They seized recording equipment, jewelry, furniture, as well as awards and platinum plaques in an effort to get their money. They did, however, spare Buck his home and vehicles. In response, Buck issued the following statement:
"The worst part of this isn't the material stuff--that will all be replaced. It's what it does to the people around me. They took my kids' Playstation, my assistants' computers, and baby's mothers' jewelry. They took my home studio so I can't even record. I have a new team in place, but I am also paying full attention now. Nothing like this will ever happen again. This is a huge wake up call for all entertainers to stay on top of your own trusted employees and team members, and replace anyone that was put in place by your record label if the situation you have goes sour. This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music. From now on, I am going to stay on top of my own business."

Harsh way to learn an important lesson.

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