Birdman's Bank Accounts Seized Over $1M Debt In Legal Battle With Ex-Employee

BYAron A.6.2K Views
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Rapper Birdman attends BET "Music Moguls" Premiere Event at 1OAK on June 27, 2016 in West Hollywood, California.
The Cash Money billionaire will reportedly have future income seized and handed over to the man suing him.

Birdman might be a Cash Money millionaire but in the past few years, many of his shady business practices have been exposed. He's had issues with the biggest artists he's worked with on Cash Money such as Drake, Tyga, and Lil Wayne. Apparently, his reputation for skimming cash from people is not exclusive to the music industry.

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Birdman was previously ordered to pay his former employee $1M in a default judgment. The employee, Nicolas Jose Penzo, was awarded $1,069,876 in his suit against Birdman, Cash Money and Pine View Management LLC. Penzo has since sent subpoenas to Citibank on the assumption that Birdman is stashing the money with the bank and he wants it handed over to him immediately. Now, any money that Birdman has in his Citibank account has been seized and will be handed over to Penzo.

Penzo claimed that he worked for Birdman as a property manager for two years. The two agreed Birdman would pay him $150 a day, despite the hours. Penzo said he'd sometimes have to work 48-60 hours a week including shifts that lasted 12 hours. He initially said that he was paid every two or three months, through checks but mainly cash. However, he said Birdman hadn't paid him $8,900 in unpaid wages and added another $15K on top of the $150 per day. Altogether, he wanted $23,900 in damages. 


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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