BREAKING: Young Buck’s Home Raided By IRS, Assets Seized
The taxman cometh to Nashville. XXLMag.com has learned that the home of former G-Unit rapper Young Buck was raided by federal agents, due to delinquent tax payments totaling roughly $300,000.
The raid came despite Buck’s lawyers filing an injunction to protect his assets. Federal agents stormed his property early this morning (August 3), seizing jewelry, furniture, platinum plaques and even his recording equipment.
“The worst part of this isn’t the material stuff—that will all be replaced,” Buck said via statement. “It’s what it does to the people around me. They took my kids’ PlayStation, my assistants’ computers, and baby’s mothers’ jewelry. They took my home studio so I can’t even record…”
One of the few bright spots is that Buck was able to keep his home and vehicles. Following a tumultuous few years, the Tennessee MC moves forward with a positive outlook and lesson learned. “I have a new team in place, but I am also paying full attention now,” he continued. “Nothing like this will ever happen again. This is a huge wake up call for all entertainers to stay on top of your own trusted employees and team members, and replace anyone that was put in place by your record label if the situation you have goes sour. This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music. From now on, I am going to stay on top of my own business.”
Stay tuned to XXLMag.com as this story develops and more information breaks in the coming hours. —Anslem Samuel