DMX A No Show


Dre is claiming that he was ripped

off to the tune of $20 Million dollars by PricewaterhouseCoopers,

one of the biggest accounting firms in the world. He claims that

the firm lured him in with promises of expert money management,

but claims they "Robbed me blind." Dre has been in court

for over two years fighting the firm, and he claims he is more

determined now than ever to win his case. The firm has doled out

about $10 Million in settlements to Death Row fraud claims to

Suge Knight and Snoop Dogg. Dre's case contends that when he was

the owner of Death Row, the firm mismanaged his money.

At the time Federal

Officials were investigating Death Row for money laundering, drum

dealing and gun running. Dre left the label before any of the

investigations began. He also claims the firm diverted his earnings

and failed to disclose it had conflicting interests, which made

him lose millions of dollars. These charges stem from the fact

that the firm also represented Suge Knight. A spokesperson said

that the complaints should be directed at Death Row, and not PricewaterhouseCoopers.

The firm has been

in trouble in the past, being censured for conflict of interest

violations, because employee's bought stock in companies the firm

had as audit clients. They also paid out a $108 Million dollar

fine for over looking financial irregularities that lead to the

collapse of Robert Maxwell's British media conglomerate. The firm

also paid out $8 Million dollars to Suge Knight, who claimed that

a PricewaterhouseCoopers employee, Steven Cantrock stole 4.5 Million

dollars. According the lawsuit, the firm neglected to pay Dre

$4.6 million in salary, $1.1 million in artist advances, $3 million

in publishing advances, $2.3 million in unpaid profit from Death

Row and $2.9 million in artist and producer royalties.