Rapper and actor 50 Cent is issuing a stern warning to the parent company of his liquor brand, following allegations of involvement in an embezzlement scheme that reportedly cost him millions.
Taking to Instagram on Monday, the 48-year-old shared his grievances, vowing that Beam Suntory, the distributor of his alcohol brand Sire Spirits, would face consequences for their actions.
Accompanied by an Instagram Reel featuring a FOX 5 NY report detailing the allegations, 50 Cent captioned the post, expressing his determination: “@beamsuntory is gonna pay for what they did trust me. These big companies think they can get away with anything. It has cost me millions in legal fees. They are gonna find out I’m not the one you want to play with.”
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Following up with a clearer version of the clip, 50 Cent reiterated his stance, demanding prompt resolution: “Here is a clearer version of the News, @beamsuntory @jimbeamofficial I’m not the guy you want to get started. In nicest way I’m gonna need my money by Monday.”
Additionally, the Power star shared a letter purportedly sent by Beam Suntory to their alleged co-conspirators, expressing his frustration: “This is the letter @beamsuntory sent without my knowledge to the people involved in the scheme that cost me millions. Do I really need to hold a press conference to walk everyone through exactly what happened … This will make a great unscripted project.”
According to documents obtained by PEOPLE, 50 Cent initially filed a complaint in February 2023, alleging that Beam Suntory was complicit in an embezzlement scheme involving Sire Spirits.
The complaint asserts that Sire Spirits overpaid for supplied liquor and suffered losses due to illicit kickbacks, totaling around $6 million.
Sire Spirits’ attorney Craig Weiner echoed these claims, stating, “Because these illicit commissions were baked into the price of the product, Sire Spirits overpaid on taxes, overpaid on customs and duties, overpaid on insurance, which are marked towards the value of the product.”
Beam Suntory, however, vehemently denied any wrongdoing in an email statement, asserting that they had no involvement or knowledge of the fraudulent activity alleged in the complaint. The company maintained that it honored all prior obligations to 50 Cent and Sire Spirits. Click Next Page to continue reading.
