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T.I. Sued For $5 Million Over Alleged Cryptocurrency Scam

The rapper is accused of convincing investors to investing in a cryptocurrency. 

T.I. is in a bit of a legal jam. A group of 25 investors has reportedly filed a lawsuit against the ATL rapper for allegedly duping them with a cryptocurrency scam, TMZ reports.

According to reports, T.I. and ATL-based businessman Ryan Felton introduced the investors to FLiK Token in Aug. 2017. They allegedly convinced them to invest $1.3 million into the cryptocurrency with the promise they would receive more money in return. Felton claimed that one token of FLiK would start at six cents each, but it would eventually be worth $14.99 within 15 months. Assuming that he was right, that would mean an investment in one coin would mean a nearly 25,000 percent increase in value.

Unfortunately, that estimate was way too good to be true. The suit suggests T.I. and Felton boosted figures of the token by using the money that had already been given to them by investors.

That became more obvious by the following year, when the tokens were worth less than a penny. The value decrease was reportedly attributed to T.I. gifting "FLiK tokens to members of his family and friends who had sold massive amounts on coinexchange.com causing rapid devaluation," according to Felton.

To make matters worse, Felton is also accused of creating a new company that allegedly acquire FLiK Tokens, which was supposed to absolve him from the matter.

The investors are seeking at least $5 million in damages for the scam.

READ MORE: Akon Launches New Cryptocurrency Akoin

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DJ Khaled Drops "Weather The Storm" Video Starring Meek Mill And Lil Baby

At this point, saying "another one" is redundant and exhausting. With that being said, DJ Khaled dropped another music video from his recently released album, Father of Asahd. The new visuals were for "Weather the Storm," starring Meek Mill and Lil Baby.

The black-and-white video shows the trio sharing a powerful message in front of a church choir. Both Meek and Lil Baby remind fans of the hurdles they had to jump over to make it to their spot. "I went from licks to most wanted to the top of the Forbes/F**ked up the trenches/I weather the storm/Young living legend, I be on that sh*t that these n***as ain't on," Meek spits.

As previously mentioned, "Weather the Storm" is the latest single to receive video treatment from Khaled's 11th studio album. The mega-producer previously dropped the videos for "Wish Wish," starring Cardi B and 21 Savage, the Nipsey Hussle and John Legend-assisted single, "Higher," "Just Us" with SZA, "Celebrate" featuring Travis Scott and Post Malone, and "Jealous" with Chris Brown, Lil Wayne, and Big Sean.

Watch the "Weather the Storm" video above.

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Noam Galai

Aretha Franklin's Niece Discovers Handwritten Wills Under Couch Cushions

Aretha Franklin's niece, Sabrina Owens, was sorting through her aunt's personal belongings when she discovered three handwritten wills scattered throughout her Oakland County, Michigan home, The Associated Press reports. It was originally believed that Franklin didn't leave a will behind.

Owens reportedly found one of the wills, which was written in 2010, under couch cushions. The other two, written in 2014, she came across in a locked cabinet. All three of the wills were filed in a probate court in Oakland County.

In the documents, Franklin requested that her son, Kecalf Franklin, be the personal representative of her estate, although he previously handed the reigns over to Owens. The 2014 document details which assets should go to which relative.

A statement from Owens said, "she remains neutral and wishes that all parties involved make wise choices on behalf of their mother, her rich legacy, the family and the Aretha Franklin estate."

It's been nearly one year since Aretha Franklin passed away in Aug. 2018. The legendary musician was 76 years old at the time of her death.

A hearing to confirm the validity of the wills is scheduled for June 12.

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Jeritt Clark

Country Music Fans Boycott Wrangler Brand Following Lil Nas X's Partnership

Country music fans are reportedly planning to boycott Wrangler brand due to their recent partnership with rising star Lil Nas X.

This week, Wrangler launched its new capsule collection with Lil Nas X. The line was inspired by a lyric from the rapper's No. 1 hit, "Old Town Road:" "Cowboy hat from Gucci / Wrangler on my booty," he rap-sings.

After Wrangler shared the news of the collaboration on Instagram, country music fans quickly expressed their issues with the partnership. "Really? Supporting an artist that so clearly is mocking country music and the lifestyle it represents? Bad move Wrangler," on commenter wrote.

"Thank you, Wrangler, for ruining the original cowboy cuts awesome just fantastic," another person wrote.

Not too long after the controversy, Lil Nas X hopped on Twitter to address hs haters. "Y’all really boycotting wrangler?? Is it that deep?" Nas X tweeted.

It isn't that deep, indeed. Well, while the haters keep hating, Lil Nas X is gearing up for his debut EP, 7, which is slated to drop in June 2019.

 

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Sing it. Wear it. Love it. . Follow link in bio for the Wrangler Lil Nas X collection. . #WranglerOnMyBooty #WranglerLilNasX

A post shared by Wrangler (@wrangler) on May 21, 2019 at 11:50am PDT

 

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Psst...it’s an instant hit. Introducing the new Wrangler Lil Nas X Collection. Follow link in bio. . #WranglerOnMyBooty #WranglerLilNasX

A post shared by Wrangler (@wrangler) on May 20, 2019 at 8:39am PDT

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