Rapper Bow Wow just found himself in some deep ish, after a Georgia Bank is now suing the rapper in late bank fee’s on a business loan he took out.
The rapper fell behind on a $300K loan he took out for his Lamborghini Murceilaga, which was repossessed. And according the Suntrust Bank, Bow needs to pay up $25,000 because they had to pay to get the car repo’d & resold.
“It costs roughly $25,000 to repossess and sell a rapper’s Lamborghini — at least according to a Georgia bank, which is now suing Bow Wow for money it spent flipping his ride.
SunTrust Bank filed the lawsuit against Bow Wow — real name Shad Moss — claiming he took out a $300,165 business loan, agreeing to 84 monthly payments of $4,730.
According to bank records filed with the lawsuit, Bow Wow fell behind last year. The docs show the bankrepossessed the rapper’s Lamborghini Murcielago — and managed to get $161,000.
And now, the bank added more than $25,000 for “repossession expenses.”