Young Thug Sued for $115,000 USD Jewelry debt

It’s been a rough month for Young Thug, who after having just returned to jail for failing a drug test is now being sued for six-figure jewelry debt.

Merely weeks after his most recent release from jail, the Atlanta rapper was hit with a lawsuit from Icebox Diamonds & Watches for an outstanding jewelry bill of $115,090 USD. According to AJC, the company claims that Thug was given over $200,000 USD worth of jewelry — including a $30K USD Rolex, $20K USD Cartier bracelet, $30K USD diamond wallet chain and $6,500 USD gold clasp — in the period of May 2017 to May of this year. Icebox says they only received $95,000 USD from the rapper.

The company sent a letter to Thug on October 16 demanding the money owed. “We told him if he did not respond, or at least get back to us to discuss the debt, within 30 days, we would sue him,” said Icebox’s attorney. Icebox is now seeking a total of $365,000 USD, which covers the outstanding balance plus an addition $250,000 USD in punitive damages and legal fees.

Stay tuned for more details as the story unfolds.

Earlier this week, Young Thug, Gunna and Lil Baby released their music video for “Chanel.”

Read Full Article