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Lawsuit Claims Hammer Used Trust To Hide Assets

hammer

Rapper Hammer was hit with a lawsuit earlier this

month due to allegations that he placed his residence in a trust fund to avoid

collection of a debt.

A lawsuit filed by Newstyle Media, based in Anaheim

Hills, California, claims that hammer used his Stanley Burrell Irrevocable Children’s

Trust fund to hide ownership of his Tracy, California home.

According to local records Hammer has lived in

the house since 1997, but between 1997 and 2002, the title was in another mans

name.

The issues started when Hammer allegedly agreed

to pay Newstyle Media over $250,000 to produce and distribute a CD.

Newstyle claimed it shipped almost 600,000 CD’s

in November of 2001, when Hammer dropped another album, Active Duty, on his

own label.

Newstyle claims Hammer transferred the house

into his trust’s name, so it couldn’t be listed as an asset during the debt

collection process.

Hammer said that accusations were ridiculous

and that he didn’t remember doing business with the company.

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