Rapper 50 Cent is seen at Sacramento Kings-Indiana Pacers game last year. A former employee in 50 Cent's liquor business has pleaded guilty to stealing $2.1 million from the company. There’s a reason fans has to pay more than $200 a bottle for a popular rap artist-turned-actor-turned-entrepreneur’s brands of champagne and cognac — and it wasn’t just that it was good.
The price of the Branson cognac and Chemin di Roi champagne had been inflated because the purchaser for the Hoboken-based Sire Spirits, founded by Curtis “50 Cent” Jackson, by adding in more than $2 million in hidden “agency fees” to enrich himself and counterparts from the French distilleries he worked with.
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