Rapper Bow Wow claims he is not broke but is still facing several financial woes.
During an interview last week with Hot 107.9 Radio, Bow Wow says rumors of him being broke are false and also urged fellas to wrap it up while messing with females.
Sources say the rapper only has $1500 in his bank account and was ordered to pay $3000 a month in child support to baby mother Miss Joie.
According to TMZ, Bow Wow is now being sued by a Georgia Bank over a repossessed Lamborghini Murcielago
This is what TMZ wrote:
SunTrust Bank filed the lawsuit against Bow Wow — real name Shad Moss — claiming he took out a $300,165 business loan, agreeing to 84 monthly payments of $4,730.
According to bank records filed with the lawsuit, Bow Wow fell behind last year. The docs show the bank repossessed the rapper’s Lamborghini Murcielago — and managed to get $161,000.
You’d think that would be the end of it — but the bank tacked on more than $25,000 for “repossession expenses.”
Bow Wow also owes a Ferrari dealership $283,000.
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