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50 Cent Boxing Company Goes Bankrupt

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Huge blow for 50 Cent's boxing company SMS Promotions has just filed for bankruptcy. Though it vows to stay in business.  50 started SMS Promotions back in 2012 signed some big names in the sport, including then-undefeated champion Yuriorkis Gamboa , James Kirkland and Olympic medalist Andre Dirrell . But apparently, the boxing business hasn't been so kind to 50 as it has been to others like his pal because according to court documents obtained by TMZ Sports, the company filed for Chapter 11 on May 25th.   In court documents filed in Connecticut, SMS says it has between $100k and $500k in debts. 
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Christano Ronaldo In Tax Fraud

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These are not good times for the fans of CR7 and the player himself who seem to be disturbed about this recent development. The reigning World best soccer player has tried to keep his image intact until news came in this morning from the Tax office of Madrid claiming that CR7 evaded tax payments between 2011 and 2014. Ronaldo is said to be owing a wooping 16.5mUSD in tax funds according to news reaching us this morning. According to reports, the soccer star has denied ever dodging tax or committing any tax fraud after prosecutors filed a law suit against him for tax evasion in Spain. In a Crime tagged ‘Voluntary failure to comply with Tax obligation in Spain”. The prosecutor’s office said the Madrid forward had knowingly used a business structure created in 2010 to hide his image rights income in Spain between 2011 and 2014. Gestifute an agency representing the player has come out in defense of their client claiming there has never been any tax evasion or a...
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