12348270281?profile=original

 

Uncle Sam doesn't forget or forgive. MC Hammer is finding that out the hard way.

 

Hammer, real name Stanley Burrell, is in deep debt with the U.S. government to the tune of $779,585 according to TMZ. The government has filed a lawsuit against the rapper in an attempt to collect the debt.

 

Hammer sold more than 50 million records worldwide, mainly during the height of his success in the early 90's. The rapper accumulated massive wealth. He reportedly made then blew as much as $30 million dollars due to bad investments and a $12 million dollar crib he had built for himself. After falling $13 million dollars in debt, Hammer filed for bankruptcy in 1996.

 

The government says the rapper owes unpaid taxes for the years 1996 and 1997. They are demanding any money he makes from concert appearances go straight to them until the debt is satisfied. Given that Hammer is not exactly a hot name in the streets right now, you would be right to assume it is going to take quite a while for him to repay his debt.

 

 

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube
E-mail me when people leave their comments –

You need to be a member of PaperChaserDotCom to add comments!

Join PaperChaserDotCom

Blog Topics by Tags

  • - (15906)
  • & (7760)
  • To (6046)
  • In (5721)
  • On (5540)
  • Of (4786)

Monthly Archives

} Facebook Login JavaScript Example