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All Lil Wayne ever raps about is money. Perhaps he’s been spending it in all the wrong places. According to a new lawsuit, the YMCMB head honcho owes $1,066,751.67 to Signature Group LLC of Miami.

Reports Flight Club:

“We provided Lil Wayne and his Young Money organization with the service they desired and expected, since 2006,” said Signature Group’s owner, Kevin Parrott. “We’ve mutually benefited from our longstanding working relationship and have had the pleasure of flying several artists under the Young Money Entertainment umbrella. This suit could have been avoided if Young Money Entertainment paid Signature Group, as promised, before the upcoming 2014 Drake vs. Lil Wayne tour.”

Weezy, born Dwayne Michael Carter Jr, used the Gulfstream jet in 2013 and 2014. Legal documents state the operating costs have not been paid, including the those of several upgrades made at Young Money’s request. Said upgrades include satellite phones, a custom bed and sophisticated medical equipment (whatever that is).

Signature Group says all attempts to communicate with Young Money Entertainment have have failed. Stay tuned as story develops.

Photo: WENN