Saturday, October 6, 2012

EXCLUSIVE: Bow Wow -- Wow, Maybe He Is Really Broke

Gotta say we were scoffing at Bow Wow this week when he told a child custody judge he was only pulling in $4,000 a month and then announced just hours later he was becoming the host of 106 & Park but we just found some documents that show creditors have been chasing him for 3 years over a car B.W. leased a 2005 Ferrari F430 back in 2008.

It didn't take long for the rapper to fall behind, because in February, 2009, the leasing company sued him and got a judgment for $216,084 oh, and 75 cents Since getting the judgment, the leasing company has been on the hunt for payment, using a collection agent to track down Bow Wow. Mr. Wow never paid, and now with interest the judgment has swelled to $283,785 ... oh, and 13 cents.

Bow Wow told the custody judge he only had $1,500 in his bank account and leases a jeep. Wow, maybe Bow was telling the truth.

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