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Fat Joe Says He Lost $10 Million Due to Alleged Extortion Scheme

Hip-hop icon Fat Joe says he lost $10 million due to an alleged extortion scheme involving false accusations of inappropriate conduct. The rapper, known for hits like “Make It Rain”, has filed a lawsuit against his former hypeman, Terrance Dixon, and Dixon’s attorney, Tyrone Blackburn, accusing them of orchestrating a malicious smear campaign.

According to the lawsuit, Dixon and Blackburn allegedly fabricated claims that Joe had sexual relationships with underage girls, going so far as to accuse him of rape and sex trafficking. Joe strongly denies these accusations, calling them “disgusting lies” and asserting that they were intended to tarnish his name and destroy his career.

Major Career Setbacks and Financial Impact

In the legal documents, Fat Joe says he lost $10 million due to the alleged extortion scheme, with immediate repercussions to his business and entertainment ventures. He claims he was pulled from three major primetime TV appearances and that his new “Joe & Jada” podcast lost multiple sponsorship deals, collectively worth hundreds of thousands of dollars.

Additionally, Joe revealed that talks with national retailers about stocking his grooming brand, Rewind It, came to an abrupt halt following the accusations. One deal alone, valued at $7 million, reportedly collapsed in the wake of the controversy.

As a result of these losses, Joe is now seeking at least $15 million in damages from Dixon and Blackburn.

Fat Joe’s Emotional Response to the Accusations

Joe has taken to social media to express his frustration and emotional toll over the situation. In a heartfelt and defiant statement, he said:

“I’ve been tested the last few months — I’ve lost my big brother, my father, my mother and now I’m fighting against these disgusting lies. But please know I will not break and I will NEVER back down.”

He continued by addressing the betrayal he’s felt from people close to him:

“I’ve had individuals in my circle take my love and kindness for weakness, but how many times must we forgive them? I’ve had people steal from me, grow jealous of me, lie on me. Through it all, me and my family are the ones stuck dealing with the consequences of their bad decisions.”

Fat Joe Says He Lost $10 Million Due to Alleged Extortion Scheme

Revisiting the Fallout With His Former Hypeman

Joe also reflected on the fallout with Dixon that occurred back in 2019. He said:

“If you get fired for doing something wrong, just take the L and live with it. But instead, they plot on your downfall as they watch you move on with your life. They decide to go after one of the things you value the most — your reputation. They figure they can make up the most insane stories and, if they threaten you with a lawsuit, then you’ll pay and they’ll feel like they finally won.”

Final Thoughts

Fat Joe says he lost $10 million due to an alleged extortion scheme, but he remains determined to clear his name and fight back against what he calls a deliberate and calculated attack. As his legal battle unfolds, he continues to stand firm, insisting he will not be silenced or intimidated.

The hip-hop community and fans alike are watching closely as this legal drama develops, with many hoping that truth and justice ultimately prevail.

Robsmith

Robsmith is a hip-hop journalist who writes about music and entertainment, sharing stories that matter to fans everywhere.

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