8.31.2012

Greenspan's Body Count: Chris Lighty

Damn, it ain't easy bein' a gangster living beyond your means.

Today's episode of Greenspan's Body Count is superstar hip-hop manager Chris Lighty.  New York Daily News:
Law enforcement sources said Lighty’s wife of seven years told police he was facing financial woes that include a $5 million debt to the IRS. However, The Associated Press reported that Lighty paid off most of what he owed by selling a Manhattan apartment for $5.6 million in October.

Lighty still owed more than $330,000 in state and federal taxes, the AP reported. And in April, he was sued by City National Bank for not paying them after he had overdrawn his account by $53,584.
HT: IPFreely

A friendly tip from W.C. Varones: if you suddenly find yourself enjoying incredible financial success, don't party like it will last forever. Pay your taxes, don't take on debt, and put aside at least 20% just in case you hit tougher times later in life.

Greenspan's Body Count stands at 228.

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