Gucci Mane Loses $270K Lawsuit, Ordered To Pay For Borrowed Jewelry
Gucci Mane is going to have to cough up over $270,000. The Atlanta rapper lost a lawsuit filed by a New York jewelry company for stealing merchandise, reports TMZ.
The lawsuit, filed last year by Rafaello & Co., accuses Gucci of borrowing a $130,000 diamond pinky ring, plus a necklace and a bracelet worth a combined total of $110,000. The “Okay With Me,” rapper had 15 days to return the items or pay the hefty bill. Rather than cover his tab, the 32-year-old offered up a measly $40,000, resulting in the $274,523.34 suit.
Since he never responded to the motion, the judge placed a lien on his property. Despite the seriousness of the matter, Gucci—who just released the mixtape I'm Up—has yet to respond to the ruling.
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