Showbiz
Rap music mogul Suge Knight has appeared in court to answer questions on his financial crisis.
The business man's Death Row Records suffered while he served several prison sentences – then faced a $107 million payout to a couple who said they helped start it.
In the 1990s it profited from the chart-topping success of artists including Snoop Dogg and Tupac Shakur.
Knight was ordered to attend the federal bankruptcy hearing to answer questions from his debtors, to whom he owes more than $100 million.
Speaking in a reluctant mumble, he admitted that his jail terms had affected the company. He refused to answer some questions and talked regularly with his accountant.
Allegations that he had money in foreign countries and in African diamonds and gold dealers were denied.
Documents showed Knight had no employment or business income this year, that his bank held just $11. They also said he had clothes worth $1,000, furniture and appliances valued at $2,000, and jewellery worth $25,000.
He did list unspecified publishing/copyrights of $4.4 million, but the authorities have demanded he pay taxes of $11.3 million from those proceeds.
The proceedings will resume on June 23.
The business man's Death Row Records suffered while he served several prison sentences – then faced a $107 million payout to a couple who said they helped start it.
In the 1990s it profited from the chart-topping success of artists including Snoop Dogg and Tupac Shakur.
Knight was ordered to attend the federal bankruptcy hearing to answer questions from his debtors, to whom he owes more than $100 million.
Speaking in a reluctant mumble, he admitted that his jail terms had affected the company. He refused to answer some questions and talked regularly with his accountant.
Allegations that he had money in foreign countries and in African diamonds and gold dealers were denied.
Documents showed Knight had no employment or business income this year, that his bank held just $11. They also said he had clothes worth $1,000, furniture and appliances valued at $2,000, and jewellery worth $25,000.
He did list unspecified publishing/copyrights of $4.4 million, but the authorities have demanded he pay taxes of $11.3 million from those proceeds.
The proceedings will resume on June 23.
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