Gawker SHUTTERED Website To Be Closed By END OF WEEK

The end is near, very near for Gawker.com..

The decade and a half old website will shut down next week, according to a post on Gawker.com.

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Univision on Tuesday agreed to buy the six other sites that make up Gawker Media for $135 million but the broadcaster did not plan to operate the flagship site. Gawker founder Nick Denton told staff about the shuttering of the website on Thursday, according to Gawker.com. There will be a bankruptcy court hearing later on Thursday to approve Univision’s bid. h/t thr

Thanks Hulk Hogan and Peter Theil! You helped kill free speech in America!

Dance Moms Abby Lee Miller Indicted For Bankruptcy Fraud

Dance Moms strict star instructor, Abby Lee Miller, has been indicted on serious charges of bankruptcy fraud, concealment of bankruptcy assets, and false bankruptcy declarations, Attorney David J. Hickton announced Wednesday.

If convicted, Miller could face five years in prison, a fine of $250,000 or both for each count of the indictment,” the statement said.

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According to a statement released by the U.S. Attorney’s Office of the Western District of Pennsylvania Continue reading

OUCH! 50 Cent Ordered To Pay Rick Ross Baby Mama Additional $2 MILLION

A New York City jury has ordered 50 Cent to pay Rick Ross‘ baby mama, Lavonia Leviston, an additional $2 million in punitive damages.

50 was previously ordered to pay Levinton $5 million, which resulted in the rapper filing for Chapter 11 bankruptcy in Connecticut.

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The payout goes this way, $2.5 million for using Levinton’s image without her permission, another $2.5 million for intentional infliction of emotional distress and now $2 million in punitive damages… Continue reading

Teresa Giudice Attends Daughter’s Concert In FINAL DAYS OF FREEDOM

Real Housewives of New Jersey cast member Teresa Giudice attended her daughter Gia’s holiday performance in Freehold, NJ., 10 days before the reality star heads off to prison for a 15 month stay.

Accompanied by her husband Joe, the couple was joined by their 10-year-old Gabriella.

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“She seemed very happy to be there — not sad or worried at all,” an onlooker told Us of Teresa, who was wearing her wedding ring. Continue reading

DETROIT POWER GRID DOWN: Police Stations Jails Schools

A huge power outage has crippled municipalities in Detroit, Michigan on Tuesday morning leaving schools, police stations and jails dark.

At around 11:00 a.m. most all of Detroit’s municipal grid went offline, killing power to everything from traffic lights to fire stations.

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Municipal buildings were being evacuated, WXYZ Radio anchor Alicia Smith tweeted early Tuesday, although eyewitnesses on the ground told her shortly after 11 a.m. that people were reportedly becoming stuck in elevators. Continue reading

Joe and Teresa Giudice $13M Bankruptcy Denied

Joe and Teresa Giudice just got some very bad news on the same day they will be formally sentenced for fraud and tax evasion.

The reality stars’ request for an over $13 million bankruptcy discharge has been denied.

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United States Bankruptcy Court judge Donald H. Steckroth rejected the couple’s request to dismiss over $13,000,000 in debt – simply ruling – “The case of the above named debtor(s) is closed.” Continue reading

15 Celebrities Who Went BELLY UP!

How irritating would it be.. Constantly asked for your autograph while you’re wondering how you’ll pay for lunch.. For some “rich” and “famous,” the “rich” part doesn’t last forever, far from it.. Here’s 15 celebrities who have been on the brink of belly-up, and lived to tell the tale.

Pamela Anderson was said to owe $1.1 million in back taxes and debts to construction companies that were working on her Malibu house last year. She reportedly had to put the house up for sale this year just to stay afloat.

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How do you spend $70 million? Ask Terrell Owens, who somehow managed to do so, ending up broke and owing money to four different women for child support, among other things.

Continue reading

Wayne Newton Getting Evicted!

What a shame! The Las Vegas estate of entertainer Wayne Newton is on the chopping block! The defeated singer wishes only to secure future lodging, not for himself, but rather for his Arabian horses…

wayne newton Wayne Newton Getting Evicted!
For sale signs went up Friday at Newton’s Casa de Shenandoah under a procedure approved by U.S. Bankruptcy Court. any prospective buyers must post a 5 percent cash deposit of their proposed price by May 15. An auction is scheduled May 31.

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The bankruptcy has crushed Newton after failing an appeal that would have prevented the sale order. The fallen entertainer has maintained that his Arabian horses have a right to graze on the land.

Plans to convert the estate into a theme park celebrating Newton’s career collapsed last year.

Source.

‘Last Hope’ New Jersey Casino Goes Belly Up Files Chapter 11 After One Year

The glass casino, Revel, deemed Atlantic City’s “last hope,” has filed for Chapter 11 bankruptcy protection, less than a year after opening.

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The voluntary, prepackaged bankruptcy envisioned for late March will wipe away about two-thirds of its $1.5 billion in debt by converting more than $1 billion of it into equity for lenders.

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Kevin DeSanctis, Revel’s CEO, said the restructuring will give the casino resort more flexibility to operate.

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“Today’s announcement is a positive step for Revel,” DeSanctis said. “The agreement we have reached with our lenders will ensure that the hundreds of thousands of guests who visit Revel every year will continue to enjoy a signature Revel experience in our world-class facility.”

 
A positive step? Alrighty then!