50 Cent is ready to take his grievances against Beam Suntory to Washington D.C. following allegations of massive financial misconduct.
In a statement fraught with frustration and resolve, 50 Cent threatened to expose the spirits company before Congress after accusing employees of stealing millions of dollars from his brands, Branson Cognac and Le Chemin du Roi.
“Changing the company name from Beam Suntory to @suntoryglobalspirits without correcting what was done to my brands @bransoncognac and @lecheminduroi doesn’t fix the problem and lacks honor,” 50 Cent said. “I attempted to resolve the matter, not once, but twice. Now the legal process will play out publicly for everyone to see what really happened and how @suntoryglobalspirits would rather spend millions to protect and conceal criminal conduct instead of doing the right thing.”
50 Cent’s dispute has snowballed into a $6 million lawsuit. His complaint asserts that Beam Suntory engaged in illicit practices, including ghostly commissions, which led Sire Spirits to overpay for taxes, customs duties and insurance costs.
50 Cent also pointed fingers at former Beam Suntory Chief Commercial Officer Julious Grant, alleging he orchestrated the scheme during his tenure.
Another individual implicated in this knot of deceit, former Sire Spirits employee Mitchell Green, pleaded guilty to wire fraud, admitting to pocketing $2 million in kickbacks.
Despite the accusations, Beam Suntory has firmly denied involvement in fraudulent activities, standing by a proclamation that the company met all contractual obligations to the rap mogul and Sire Spirits.
The saga is set to march into a courtroom, with a jury trial anticipated in early 2025.
Michael Caruso, another character in this legal showdown, has countered by filing a $4 million lawsuit against 50 Cent. Caruso claims his consultancy played a significant role in the launch and promotion of Sire Spirits but was cut out of the deal without proper compensation.
According to Caruso, his dedication and expertise were pivotal in carving out a niche for Sire Spirits in the cutthroat spirits industry. As the legal battles churn, 50 Cent’s contemplation of seeking intervention from the Congressional Black Caucus emphasizes the gravity he places on this issue.
“I never thought being one of the few black-owned brands was a factor,” 50 Cent stated, “but maybe that’s the issue? Ultimately, the consumers will decide where to spend their money. Maybe I need to go to Washington D.C. and have the @congressionalblackcaucus take a closer look?”