50 Cent Seizes ex-Executive’s Home Over embezzlement Debt

⁣ Updated May 28, 2025
⁢ ‌

Curtis Jackson⁤ III,‌ known as 50 cent,‍ has successfully pursued the Connecticut home of Mitchell Green, a former executive at his Sire Spirits company. A federal judge granted ‍permission last week to ⁤seize the property⁤ as partial⁣ payment toward a $7 million debt stemming from Green’s embezzlement. The legal battle, initiated after Green confessed to a kickback scheme involving wholesalers, ⁤spanned more then⁢ four years.

Sire Spirits manages Jackson’s Branson Cognac‌ and Chemin⁣ du⁣ Roi Champagne. Green admitted in February 2020 to inflating prices ​and receiving kickbacks disguised as “agency fees.” the scheme, which ran from 2018 to ⁢2020, involved $2.2 million in kickbacks until ‌a blackmail attempt prompted Green to ⁢confess.

In September 2021, Sire Spirits sought confirmation from the U.S.⁣ District Court, New York Southern, for an arbitration ⁤agreement ⁢awarding nearly $3.5 million in damages. By november 2022,the final judgment,including legal fees,reached approximately $6.3 million. Green filed for Chapter 7 bankruptcy in ⁤March 2023, but‍ Sire Spirits secured a judgment lien against⁣ his Westport, ⁣Conn., home.

Attorneys‍ for⁢ Sire Spirits successfully petitioned the bankruptcy⁤ judge to lift an automatic stay protecting Green’s home, arguing ⁢that green ‌lacked equity in the property due to the‍ substantial judgment against him. The home was recently appraised at $1 million, which will be credited toward the $7 million debt, including interest.

While Jackson has recently ‌promoted Branson Cognac on social media, he has not directly commented on ⁤the legal victory. ⁤Instead, he ⁣has been publicly mocking ⁢Sean “Diddy” Combs, who⁤ is currently facing a federal ‌sex trafficking and conspiracy trial.

“Cut, CUT…‍ Wait ‍a minute⁢ PUFFY’s got a ⁢gun, I can’t believe ⁤this I don’t feel safe … LOL,”‌ Jackson posted on social media, referencing testimony from Combs’ former assistant.

What’s ​next

The seizure of Green’s home marks a notable step in Sire Spirits’‍ efforts to ​recover the embezzled funds. The legal proceedings underscore ‍the company’s commitment to protecting its assets and pursuing justice in⁢ cases of financial misconduct.