12/15/2008

Doug E. Fresh Latest Recession Victim

Alright now... I'm started to get a little worried here! If all of these celebs are behind on their mortgages... what does that mean for us little folks? This recession is getting the best of people I tell ya!

The New York Post is reporting that the self proclaimed "human beatbox", Doug E. Fresh, has become the latest victim of the recession woes!

The report says that Doug E. owes unpaid mortgages that total close to $3.5 million. He's been served with foreclosure notices on all three of his Harlem homes. According to a foreclosure suit filed in New York City in August, Fresh fell behind in payments totaling close to $1.73 million.

Yet his financial problems don’t end there. The rapper turned celebrity event host, owes over $40,000 in state taxes, which has lead the IRS to tack on an additional $367,000 tax lien onto the bill. The father of five, also has an American Express credit card debt of nearly $60,000.

Now correct me if I'm wrong... but I thought that when these celebrities go to host events, they're charging promoters anywhere from $10k to $30k an hour??? So where is this money going?

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