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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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Janelle Monae And Cardi B To Perform At The 61st Annual Grammy Awards

According to a press release, Janelle Monae and Cardi B are among the first performers announced to hit the stage for the 61st Annual Grammy Awards on Feb. 10.

Monae is up for two honors including Album Of The Year for Dirty Computer, while Cardi could win a total of five awards, including Best Rap Album and Album Of The Year for Invasion Of Privacy. The Wondaland artist performed "We Are Young" with the group .fun during the 55th Annual ceremony, and the Bronx-bred MC rapped alongside Bruno Mars during a performance of "Finesse" at last year's big event. Both Dirty Computer and Invasion Of Privacy were named to the list of VIBE's Best Albums of 2018.

Some of the other announced performers for the evening's festivities include Post Malone, Camila Cabello, Shawn Mendes, Dan + Shay and Kacey Musgraves. More performers will be announced as the Grammys draw closer.

"The 61st Annual GRAMMY Awards are produced by AEG Ehrlich Ventures for the Recording Academy. Ken Ehrlich is executive producer, Ben Winston is executive producer, Louis J. Horvitz is director, Chantal Sausedo is the talent producer, and David Wild and Ehrlich are the writers," said the statement.

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A$AP Rocky Comments On R. Kelly: "He Needs To Be Dealt With"

A$AP Rocky stopped by Angie Martinez's Power 105.1 radio show to discuss his annual Yams Day celebration in honor of deceased A$AP Mob member, A$AP Yams. The event will take place Thursday (Jan. 17) at the Barclays Center.

While discussing the special guests that will take the stage, Rocky said that his "brother" French Montana is one of the MCs who will be there. When asked about French's recent comments about R. Kelly, Rocky decided to put his two cents in on the highly-publicized sexual misconduct allegations against the Pied Piper of R&B.

"Can I say something about that?" said Rocky when queried abut French's take on Kelly's legacy.  "I think [French] had a Kanye moment where he was trying to articulate something and his delivery just wasn't right. I think what he was trying to say was people like Bill Cosby, people like R. Kelly, [they] build up this legacy for a long time, and it just gets taken away."

Rocky continued by bringing up Kelly's marriage to the then-underage Aaliyah, expressing shock that her age on their marriage certificate was forged.

"Don't get me wrong- do I know if R. Kelly is a rapist and all that other stuff? It seems like he is," he exclaimed. "I mean, like he married Aaliyah when she was, like, 15... He married Aaliyah at 14, 15… how old was he when that alleged video came out? Too g*d damn old. I look at it like this. If that man has a sickness, he needs to be dealt with. He done beat the court dates… it goes to show the whole system is corrupted… R. Kelly was the King of R&B… and this motherf**ker now is known for being a sex pedophile.”

Watch his comments above around the 16:40 mark.

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YG Hints At Follow-Up Song To "F**k Donald Trump"

Since Donald Trump's inauguration two years ago, YG has been a staunch opposer of No. 45. The Compton native has amplified his stance through public statements to recording his disdain on the 2016 single "FDT" which stands for "F**k Donald Trump."

Now, on Jan. 15, the Still Krazy rapper took to Twitter to alert the masses that the "FDT" follow-up is on the way. The message, which went viral with over 20,000 retweets, ignited a wave of excitement within fans. Although YG released another part of the song featuring G-Eazy and Macklemore, details are still a little murky as to the exact type of content or format his rumored melody will entail.

When the original "FDT" was released, YG claimed the Secret Service contacted his record label, Def Jam, to review more lyrical content on his album. In an interview with Rolling Stone, YG said, "The Secret Service started calling in about the song when it got released. The song didn’t release through Def Jam; we just leaked it. So then, weeks passed. I’m turning in my album and the song was. … It’s goin’ crazy. I saw that and I’m like, 'Damn. I need to put this on the album.' We had to censor damn near a big part of the song. But I did it because the record was important. I’m like, 'Man, this sh*t got to be on the album. F**k it.”

"FDT" was eventually turned into a national tour with the proceeds benefiting victims of police brutality. "Like, we was just trying to really make the tour mean something real besides the 'F**k Trump' thing, because I don't want nobody to think I'm just trying to do this to capitalize off what's going on and his name," he said. "It's like nah, like I'm really out here for the people. And I'm gonna show y'all in so many different ways."

FUCK DONALD TRUMP 2 BOMING SOON

— STAY DANGEROUS (@YG) January 15, 2019

Revisit the original song below featuring Nipsey Hussle.

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