Rapper Bow Wow has been hit with a new lawsuit from bank bosses as he attempts to settle his financial problems....
Rapper Bow Wow has been hit with a new lawsuit from bank bosses as he attempts to settle his financial problems.
The Like You hitmaker allegedly fell behind on a $300,000 business loan from executives at SunTrust Bank last year (11), prompting the money men to repossess his flashy Lamborghini Murcielago.
However, bankers claim it cost the firm $25,000 to obtain the vehicle and prepare it for a new owner, and they are now seeking damages for their troubles and additional funds to cover the remainder of his debt, according to TMZ.com.
News of Bow Wow's money troubles emerges just days after a court judge ordered him to pay over $3,000-a-month in child support to his ex-girlfriend Joie Chavis.
The hip-hop star also reportedly owes a car leasing company more than $216,000 after falling behind on payments for a Ferrari.