Young Buck’s Ex-Manager Denies Any Wrongdoing, in Light of Planned Lawsuit
With news of Young Buck’s legal team planning a lawsuit against his former associates Curtis “50 Cent” Jackson, G-Unit Records and ex-business manager/accountant Bruce Seckendorf, XXLMag.com contacted the Nashville rapper’s prior CPA to get his reaction to the proposed legal case.
Mr. Seckendorf—who runs LL Business Management, Inc. and whose clients have included Fif, Eminem, Joss Stone and Nick Carter, among others—isn’t losing any sleep over the possible court dates. “Clearly, I’m not worried about it,” he told XXL. “I don’t think it has any merit. I know I did nothing wrong. I’m not going to talk specifically about how he [Young Buck] spent his money, but I view my job as the gatekeeper. Money comes in [and] we pay bills. He made his own financial decisions.”
“[This] isn’t a situation where we invested money in a real estate deal that went bad or we put money in a stock market and we lost half of it,” Seckendorf continued. “With an account like that it was clearly money comes in, we’re gonna pay your bills. ‘I think your bills are too high,’ ‘No, they’re not,’ type of conversation. ‘I’ve got it under control,’ ‘Okay, this is where you are though.’ And he would prioritize what would get paid.”
Seckendorf says he was fired by Buck on March 15 of this year, close to five months before the August 3 IRS raid of his Henderson, TN house by federal agents, after he failed to pay roughly $300,000 in back taxes.
At the time Buck released a statement blaming his financial troubles on his business associates. “This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music,” he said. “From now on, I am going to stay on top of my own business.”
Seckendorf replied to those comments by saying that Buck failed to follow his guidance concerning his tax troubles. “ I totally knew what he owed the IRS and I was keeping them at bay,” he explained. “Buck let me go on or about March 15, 2010. Around that same day he retained [another] business manager/accountant… I sent an email [to the new person] saying David Brown owes this money to the IRS. You need to address immediately… I’m paraphrasing, but [I wrote] don’t ignore it, you need to attend to it.”
“I don’t know what was done between March and the day they raided his house, but he didn’t just owe this money for months,” he added. “Under my watch this money was owed for at least a year, if not longer. So I’m just patting myself on the back, I kept them at bay. I advised him how we need to attack this, setting up a payment plan, [etc, but] he let me go. The new guy’s supposed to run with it. What takes place after March and when they raided his house, I can’t comment on. But I can tell you, chances are, they ignored the IRS and that’s what’s gonna happen when you ignore the IRS and you owe them a lot of money.”
When reached by XXL, Buck was unavailable for comment, but his publicist Nancy Byron said, “There is no lawsuit filed yet.” As previously reported, YB did file for bankruptcy earlier this month.
Stay tuned to XXLMag.com as the story develops. —Jesse Gissen